A company reported the following information in its financial statements: Cash 225,000 Insurance or negotiable securities 59,600
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Question:
A company reported the following information in its financial statements:
Cash | 225,000 |
Insurance or negotiable securities | 59,600 |
Accounts receivable (net) | 78,650 |
Inventory | 148,500 |
Accounts payable | 203,635 |
Sales | 1,675,000 |
Net fixed assets | 1,345,800 |
Operating profit | 536,000 |
Cost of goods sold | 753,750 |
Total assets | 1,857,550 |
Total liabilities | 1,056,360 |
Net income | 140,357 |
Interest expense | 88,300 |
Capital | 801,190 |
Calculate the following financial ratios:
- current ratio
- settlement of accounts receivable
- fixed asset movement
- operating profit investment performance
- return on total assets
- quick reason
- average collection period
- debt ratio
- equity performance
- inventory liquidation
Related Book For
Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
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