Compute the missing amounts, and complete the statements of the Abacus Company
(Hint: Complete the Income Statement first)
ABACUS COMPANY
BALANCE SHEET
AS OF DECEMBER 31, 2016
Cash	?		Current Liabilities	?
Accounts Receivable (Net)	?		7.32% Long-Term Bonds Payable	3,300,000
Inventory	?		Common Stock	2,692,773
PPE (Net)	?		Retained Earnings	?
Total Assets	9,905,856		Total Liabilities and Stockholders' Equity	?
ABACUS COMPANY
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2016
Net Sales				?
Cost of Goods Sold				?
Gross Profit				?
SGA Expenses				?
Income from Operations				?
Interest Expense on Bonds Payable				?
Income before Income Taxes				?
Income Tax Expense				?
Net Income				788,453
The following information is available about Abacus Company's financial statements:
1. The Accounts Receivable Collection Period (DRO) is 43.28 Days
2. The Days Inventory Outstanding (DIO) is 47.76 Days
3. The Current Ratio for the firm is 3.26
4. The Net Profit Margin for the firm is 9.87%
5. The Gross Profit Margin for the firm is 36.7%
6. The Return on Common Equity for the firm is 13.38%
7. The Income Tax Rate for the firm is 28.2%
Compute the following information on the Abacus Company
A) Calculate the Quick Ratio of the firm
B) Calculate the Operating Profit Margin
C) Calculate whether the firm is successfully trading on the equity
D) Calculate the Financial Leverage Index
E) Calculate the Interest Coverage
F) Calculate the Altman Z-Score

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