Complete the 2014 end of year balance sheet and income statement using the following financial data...

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Complete the 2014 end of year balance sheet and income statement using the following financial data and determine the cash at the end of 2014 as a percentage of the cost of goods sold for 2014 (.e, cash divided by cost of goods sold). Enter your answer in 0.XXXX format. For example, if your answer is 19.44%, enter "0.1944". Current ratio Quick (Acid Test) Ratio (Subtract Inventory) Return on Assets Days Sales Outstanding (360-day year) Total Asset Turnover Interest rate on long-term debt Income Statement Sales Cost of Goods Sold Operating Expenses EBIT Interest Expense EBT Taxes (40%) Net Income Balance Sheet Cash Accounts Receivable Inventory Current Assets Fixed Assets Total Assets 2014 -$200,000.00 $150,000.00 2014 $10.000.000.00 4 1.5 13.84% 60 90.00% 15.00% Accounts payable Accrued Wages Long-term debt Total Liabilities Stockholders' Equity Total Liabilities & Equity 2014 $1,000,000.00 $3,000,000.00 Complete the 2014 end of year balance sheet and income statement using the following financial data and determine the cash at the end of 2014 as a percentage of the cost of goods sold for 2014 (.e, cash divided by cost of goods sold). Enter your answer in 0.XXXX format. For example, if your answer is 19.44%, enter "0.1944". Current ratio Quick (Acid Test) Ratio (Subtract Inventory) Return on Assets Days Sales Outstanding (360-day year) Total Asset Turnover Interest rate on long-term debt Income Statement Sales Cost of Goods Sold Operating Expenses EBIT Interest Expense EBT Taxes (40%) Net Income Balance Sheet Cash Accounts Receivable Inventory Current Assets Fixed Assets Total Assets 2014 -$200,000.00 $150,000.00 2014 $10.000.000.00 4 1.5 13.84% 60 90.00% 15.00% Accounts payable Accrued Wages Long-term debt Total Liabilities Stockholders' Equity Total Liabilities & Equity 2014 $1,000,000.00 $3,000,000.00

Answer rating: 100% (QA)

Youve presented me with financial data including a partial balance sheet and income statement for the year 2014 along with some financial ratios The task at hand is to complete the 2014 year end balan... View the full answer