Calculate the followings

1. Return on equity
2. Gross profit rates
3. Working capital
4. Operating expense ratio
5. Inventory turnover ratio
6. Accounts Receivable turnover rate
7. Debt ratio
8. Quick ratio
9. Earnings pet share
10. Net income percentage

Transcribed Image Text:

Shown below is selected data from the balance sheet and income statement Cash Accounts Payable Long-term debt Selling Expense Marketable securities Sales Inventory Property, plant, equipment Accrued Liabilities Cost of Goods Sold General & Admin. Expenses Salary Payable Income Tax Expense Interest Expense Accounts Receivable Other Data: Average total equity Average total assets Weighted Average Common Shares outstanding Market price per share of stock Dec. 31, 2023 $30,000 20,000 357,280 26,325 40,000 262,500 38,800 560,000 30,000 91,875 80,000 6,000 28,000 8,000 20,000 $226,400 $655,500 11,320 $22.50 Dec. 31, 2022 $18,000 8,000 144,000 12,000 12,000 225,000 4,000 275,000 13,000 168,750 38,000 4,000 1,800 1,000 10,000 4,600 $10.25 Shown below is selected data from the balance sheet and income statement Cash Accounts Payable Long-term debt Selling Expense Marketable securities Sales Inventory Property, plant, equipment Accrued Liabilities Cost of Goods Sold General & Admin. Expenses Salary Payable Income Tax Expense Interest Expense Accounts Receivable Other Data: Average total equity Average total assets Weighted Average Common Shares outstanding Market price per share of stock Dec. 31, 2023 $30,000 20,000 357,280 26,325 40,000 262,500 38,800 560,000 30,000 91,875 80,000 6,000 28,000 8,000 20,000 $226,400 $655,500 11,320 $22.50 Dec. 31, 2022 $18,000 8,000 144,000 12,000 12,000 225,000 4,000 275,000 13,000 168,750 38,000 4,000 1,800 1,000 10,000 4,600 $10.25

Answer rating: 100% (QA)

Return on Equity ROE Net Income Sales Cost of Goods Sold Selling Expense General Admin Expenses Inco... View the full answer