Superpoll, Inc for 2022 had an average of 65,000 shares of Common Stock outstanding, no preferred...
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Superpoll, Inc for 2022 had an average of 65,000 shares of Common Stock outstanding, no preferred stock and the market value for a share of Superpoll, Inc. common stock at 12-31-2022 is $30. For the year 2022 calculate the following ratios for Superpoll, Inc.: 1 Current ratio 2 Quick ratio 3 Debt to equity ratio 4 Inventory turnover ratio 5 Receivables turnover ratio Net Sales Cost of Goods Sold Gross Profit For the Year Ended December 31, 2022 2022 Operating Expenses: Selling Expenses Assets Current Assets: Administrative Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Expense Total Other Income and (Expenses) Income Before Income Taxes Income Tax Expense Net Income Superpoll, Inc. Income Statement Merchandise Inventory Cash and Cash Equivalents Account Receivable, Net Liabilities Current Liabilities: Superpoll, Inc. Balance Sheet December 31, 2022 Total Current Assets Property, Plant, and Equipment, Net Total Assets Accounts Payable Notes Payable Total Current Liabilities Long-term Liabilities Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ 290,000 120,000 170,000 20,000 30,000 50,000 120,000 (60,000) (60,000) 60,000 30,000 $30,000 2022 2021 $400,000 150,000 250,000 250,000 120,000 $370,000 20,000 30,000 50,000 200,000 (50,000) (50,000) 150,000 60,000 $90,000 2021 $200,000 $300,000 10,000 30,000 40,000 50,000 380,000 120,000 $500,000 $80,000 $100,000 20,000 10,000 100,000 110,000 30,000 30,000 130,000 140,000 50,000 200,000 190,000 160,000 240,000 360,000 $370,000 $500,000 Superpoll, Inc for 2022 had an average of 65,000 shares of Common Stock outstanding, no preferred stock and the market value for a share of Superpoll, Inc. common stock at 12-31-2022 is $30. For the year 2022 calculate the following ratios for Superpoll, Inc.: 1 Current ratio 2 Quick ratio 3 Debt to equity ratio 4 Inventory turnover ratio 5 Receivables turnover ratio Net Sales Cost of Goods Sold Gross Profit For the Year Ended December 31, 2022 2022 Operating Expenses: Selling Expenses Assets Current Assets: Administrative Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Expense Total Other Income and (Expenses) Income Before Income Taxes Income Tax Expense Net Income Superpoll, Inc. Income Statement Merchandise Inventory Cash and Cash Equivalents Account Receivable, Net Liabilities Current Liabilities: Superpoll, Inc. Balance Sheet December 31, 2022 Total Current Assets Property, Plant, and Equipment, Net Total Assets Accounts Payable Notes Payable Total Current Liabilities Long-term Liabilities Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ 290,000 120,000 170,000 20,000 30,000 50,000 120,000 (60,000) (60,000) 60,000 30,000 $30,000 2022 2021 $400,000 150,000 250,000 250,000 120,000 $370,000 20,000 30,000 50,000 200,000 (50,000) (50,000) 150,000 60,000 $90,000 2021 $200,000 $300,000 10,000 30,000 40,000 50,000 380,000 120,000 $500,000 $80,000 $100,000 20,000 10,000 100,000 110,000 30,000 30,000 130,000 140,000 50,000 200,000 190,000 160,000 240,000 360,000 $370,000 $500,000
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Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Posted Date:
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