These summarized data are from the records of Klocke Enterprises at the end of the fiscal year:
Question:
These summarized data are from the records of Klocke Enterprises at the end of the fiscal year:Calculate the following:A. Activity ratiosB. Liquidity ratios, assuming the weighted average shares outstanding are 1,540,900.
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Cash Temporary investments Accounts receivable Inventory All other assets Accounts payable Other current liabilities from operations Current bank loans payable Long-term liabilities Sales Cost of goods sold Operating expenses Tax expense Cash flows from operations 2018 $ 213,860 520,370 2,589,950 2,925,540 3,684,970 3,480,210 2017 $ 205,140 -0- 2,494,730 4,219,750 1,142,630 1,054,950 658,160 517,320 1,073,880 1,580,000 2,000,000 2,000,000 23,804,700 22,838,400 20,543,450 18,910,190 2,323,870 2,986,995 281,088 282,365 925,871 976,543
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Introduction To AccountingAn Integrated Approach
ISBN: 9781119600107
8th Edition
Authors: Penne Ainsworth, Dan Deines
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