Question: its all the same question the first picture is just the start of the question 3 166 points $ 21,000 180,000 350,000 7.000 558,000 840,000

its all the same question the first picture is just the start of the question
its all the same question the first picture is just the start
of the question 3 166 points $ 21,000 180,000 350,000 7.000 558,000

3 166 points $ 21,000 180,000 350,000 7.000 558,000 840,000 $ 1,390,000 eBook Castile Products, Incorporated Balance Sheet December 31 Assets Current assets Cash Accounts receivable, net Merchandise Inventory Prepaid expenses Total current assets Property and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Bonds payable, 111 Total liabilities stockholders' equity Common stock, 35 par value Retained earnings Total stockholders' equity Total abilities and stockholders' equity Print References $ 240,000 310,000 550.000 $ 190,000 650,000 348.000 5.1.398,000 Cantile Products, Incorporated Incona Statement For the Year Ended December 31 sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net Income before taxes Income taxes (301) Net Income $ 3,700,000 1.326,000 2,374,000 580,000 1,794,000 34,100 1,759,900 527,970 $ 1,231,930 MC Hill Graw 3 Gross margin Selling and administrative expenses Net operating income Interest expense Not income before taxes Income taxes (301) Net income 2,374,000 580,000 1,794,000 34,100 1,759,900 527,970 $ 1,231,930 1.66 points Account balances at the beginning of the year were: accounts receivable, $190,000; and inventory, $330,000. All sales w eBook account Print References Required: Compute the following financial data and ratios: 1. Working capital 2. Current ratio. (Round your answer to 1 decimal place.) 3. Acid-test ratio. (Round your answer to 2 decimal places.) 4. Debt-to-equity ratio. (Round your answer to 2 decimal places.) 5. Times interest earned ratio (Round your answer to 2 decimal places.) 6. Average collection period (Use 365 days in a year. Round your intermediate calculations and final answer to 1 decime 7. Average sole period. (Use 365 days in a year. Round your intermediate calculations and final answer to 1 decimal plac 8. Operating cycle (Use 365 days in a year. Round your intermediate calculations and final answer to 1 decimal place.) 1. Working capital 2. Current ratio 3. Acid-test ratio 4. Debt-to-equity ratio 5. Times interest eamed ratio 6. Average collection period 7. Average sale period 8. Operating cycle days days days Mc Graw

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