The comparative financial statements prepared at December 3 1 , 2 0 1 7 , for Pinnacle
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Question:
The comparative financial statements prepared at December for Pinnacle Plus showed the following summarized data:
Income Statement
Sales Revenue $ $
Cost of Goods Sold
Gross Profit
Operating Expenses
Interest Expense
Income before Income Tax Expense
Income Tax Expense
Net Income $ $
Balance Sheet
Cash $ $
Accounts Receivable, Net
Inventory
Property and equipment, Net
Total Assets $ $
Accounts Payable $ $
Income Tax Payable
Note Payable, LongTerm
Total Liabilities
Contributed Capital shares
Retained Earnings
Total Liabilities and Shareholders\' Equity $ $
Onehalf of all sales are on credit.
During cash dividends amounting to $ were declared and paid.
Required:
a Compute the gross profit percentage in and
a Compute the net profit margin for and
a Compute the earnings per share for and
a Shareholders\' equity totalled $ at the end of Compute the return on equity ROE ratios for and
a Net property and equipment totalled $ at the end of Compute the fixed asset turnover ratios for and
a Compute the debttoassets ratios for and
a Compute the times interest earned ratios for and
a After Pinnacle Plus released its financial statements, the company\'s shares were trading at $ After the release of its financial statements, the company\'s share price was $ per share.
Related Book For
Discrete Time Signal Processing
ISBN: 978-0137549207
2nd Edition
Authors: Alan V. Oppenheim, Rolan W. Schafer
Posted Date: