Liabilities and Stockholders' Equity Accounts payable Notes payable.. Accrued taxes 130,000 120,000 30,000 280,000 Total current abilities
Question:
Liabilities and Stockholders' Equity Accounts payable Notes payable.. Accrued taxes 130,000 120,000 30,000 280,000 Total current abilities Long-term lubilities Bonds payable Total abilities.. Stockholders' equity Pretend stock, $100 par value Common stock, $5 par value Capital paid in excess of par.. Retained earnings. 150,000 50,000 Total stockholders' equity 620.000 Total abilities and stockholders' equity $1,100,000 GILLIAM CORPORATION Income Statement For the Year Ending December 31, 200X $2,400,000 1,600.000 Sales (on credit) Less Cost of goods sold.. Gross profit Less: Selling and administrative expenses Operating profit (EBIT.. Less: Interest expense 560.000 240,000 30,000 210,000 Earnings before taxes (EBT) Loss: Thes 75,000 Earnings after taxes (EAT). $135,000
Required:
For each business, calculate two ratios that are concerned with each of the following aspects:
■profitability
■efficiency liquidity gearing
■investment (ten ratios in total
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine