Question: 7/20 12:30pm Saved Notes payable 15,000 Accounts receivable Inventory Total current assets Fixed assets 62, QUU 43,000 112,000 85,000 Total current liabilities Long-term debt Equity
7/20 12:30pm Saved Notes payable 15,000 Accounts receivable Inventory Total current assets Fixed assets 62, QUU 43,000 112,000 85,000 Total current liabilities Long-term debt Equity Total liabilities and equity 48,000 29,000 120,000 $ 197,000 Total assets $197,000 Income Statement Sales (all on credit) Cost of goods sold Gross margin Selling and administrative expenses Depreciation EBIT. Interest expense Earnings before tax Taxes Net income $250,000 150,000 100,000 33,000 9,000 58,000 5,100 52,900 15,870 $ 37,030 For this company, calculate the following: (Use 365 days in a year. Do not round intermediate decimal places. (e.g., 32.16)) a. Current ratio b. Number of days' sales in receivables c. Sales to total assets d. Number of days in inventory e Debt-to-asset ratio 1. Cash-flow debt ratio g. Return on assets h. Return on equity 2.33 times 90.52 days 1.27 times 104.63 days 39.09% 80.39% % %
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
