Complete the ratios listed based on the following Income Statement and Balance Sheet. ABC Company Income...
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Complete the ratios listed based on the following Income Statement and Balance Sheet. ABC Company Income Statement Sales Cost of Goods Sold Gross Profit Operating Expenses Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Interest Expense Net Income before Taxes Income Tax Expense Net Income after Taxes Current Assets Cash Accounts Receivable Inventory ABC Company Balance Sheet Total Current Assets Non-Current Assets Machinery & Equipment Furniture & Fixtures Transportation Equipment Accumulated Depreciation Total Non-Current Assets Total Assets $50,000 $$5,000 $1,000,000 $750,000 $250,000 $135,000 $115,000 $17,500 $97,500 $34,125 $63,375 $5,500 $21,000 $17,500 $44,000 $100,000 $15,000 $25,000 $17,500 $122,500 $166,500 Last Year $900,000 $650,000 $250,000 $127,000 $123,000 $17,500 $105,500 $36,925 $68,575 $4,950 $18,900 $15,750 $39,600 $90,000 $13,500 $22,500 $15,750 $110,250 $149,850 Quick Ratio Current Ratio Accounts Receivable Turnover Inventory Turnover Net Profit on Sales Gross Profit Margin Return on Assets Return on Equity Working Capital Debt to Equity Times Interest Earned Current Liabilities Accounts Payable Notes Payable Wages Payable Current Liabilities Non-Current Liabilities Long-Term Notes Total Liabilities Stockholders' Equity Retained Earnings Common Stock Total Equity Total Liabilities & Equity $25,000 $15,500 $1,200 $41,700 $27,000 $68,700 $65,000 $32,800 $97,800 $166,500 $22,500 $13,950 $1,080 $37,530 $24,300 $61,830 $58,500 $29,520 $88,020 $149,850 Complete the ratios listed based on the following Income Statement and Balance Sheet. ABC Company Income Statement Sales Cost of Goods Sold Gross Profit Operating Expenses Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Interest Expense Net Income before Taxes Income Tax Expense Net Income after Taxes Current Assets Cash Accounts Receivable Inventory ABC Company Balance Sheet Total Current Assets Non-Current Assets Machinery & Equipment Furniture & Fixtures Transportation Equipment Accumulated Depreciation Total Non-Current Assets Total Assets $50,000 $$5,000 $1,000,000 $750,000 $250,000 $135,000 $115,000 $17,500 $97,500 $34,125 $63,375 $5,500 $21,000 $17,500 $44,000 $100,000 $15,000 $25,000 $17,500 $122,500 $166,500 Last Year $900,000 $650,000 $250,000 $127,000 $123,000 $17,500 $105,500 $36,925 $68,575 $4,950 $18,900 $15,750 $39,600 $90,000 $13,500 $22,500 $15,750 $110,250 $149,850 Quick Ratio Current Ratio Accounts Receivable Turnover Inventory Turnover Net Profit on Sales Gross Profit Margin Return on Assets Return on Equity Working Capital Debt to Equity Times Interest Earned Current Liabilities Accounts Payable Notes Payable Wages Payable Current Liabilities Non-Current Liabilities Long-Term Notes Total Liabilities Stockholders' Equity Retained Earnings Common Stock Total Equity Total Liabilities & Equity $25,000 $15,500 $1,200 $41,700 $27,000 $68,700 $65,000 $32,800 $97,800 $166,500 $22,500 $13,950 $1,080 $37,530 $24,300 $61,830 $58,500 $29,520 $88,020 $149,850
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Quick Ratio 440001750041700063549 Current Ratio440004170010551 Accounts Receivable Turnove... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Posted Date:
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