Given the following information for Blue Bell Company for last year: Net sales (all on account)...
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Given the following information for Blue Bell Company for last year: Net sales (all on account) Cost of goods sold Interest expense Income tax expense Net income Income tax rate Total assets: Shareholders' equity (all common): Current assets, December 31 Quick assets, December 31 Current liabilities, December 31 Net accounts receivable: Inventory: $5,200,000 2,080,000 240,000 280,000 420,000 40% $1,800,000 January 1 December 31 2,400,000 January 1 1,500,000 December 31 1,600,000 700,000 400,000 300,000 January 1 200,000 December 31 180,000 January 1 210,000 December 31 250,000 Refer to Exhibit 4-1. Blue Bell's debt to assets ratio December 31 was Given the following information for Blue Bell Company for last year: Net sales (all on account) Cost of goods sold Interest expense Income tax expense Net income Income tax rate Total assets: Shareholders' equity (all common): Current assets, December 31 Quick assets, December 31 Current liabilities, December 31 Net accounts receivable: Inventory: $5,200,000 2,080,000 240,000 280,000 420,000 40% $1,800,000 January 1 December 31 2,400,000 January 1 1,500,000 December 31 1,600,000 700,000 400,000 300,000 January 1 200,000 December 31 180,000 January 1 210,000 December 31 250,000 Refer to Exhibit 4-1. Blue Bell's debt to assets ratio December 31 was
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Total Liabilities Current Liabilities LongTerm Debt Current Liabilities December 31 300000 Lon... View the full answer
Related Book For
Financial Accounting IFRS
ISBN: 978-1118285909
2nd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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