Question: Make Income Statement and Balance Sheet using following information: 1. Debt to Assets = 35% 2. Quick Ratio = 1.2 3. Asset Turnover = 4

Make Income Statement and Balance Sheet using following information:

1. Debt to Assets = 35%

2. Quick Ratio = 1.2

3. Asset Turnover = 4 times

4. Fixed Asset Turnover = 8 times

5. Current Ratio = 1.5:1

6. Average Collection Period = 18 days

7. Sales = Rs.27,00,000

8. ROA = 38%

9. Operating Profit Margin = 45%

10. Gross Profit Margin = 65%

11. Taxes 30% of EBT

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

The comparative balance sheets for Strackman Lux Company as of December 31 are presented below. Additional information: 1. Operating expenses include depreciation expense of $40,000. 2. Land was sold...

Q:

Prepare a pro forma consolidated worksheet. Prepare a pro forma consolidation worksheet for Green Company and its proposed subsidiary as of December 31, 2024. Use the adjusted pro forma 2024...

Q:

I need help filling in the green spaces for both the Income Statement and Balance Sheet. Below is Exhibit 1 (Financial and Operating Data for Cosco). TIP: use n = 3 for the CAGR calculation. Please...

Q:

eBook Problem 9-19 Joseph Berio is a loan officer with the First Bank of Tennessee. Red Brick, Inc., a major producer of masonry products, has applied for a short-term loan. Red Brick supplies...

Q:

Joseph Berio is a loan officer with the First Bank of Tennessee. Red Brick, Inc., a major producer of masonry products, has applied for a short-term loan. Red Brick supplies building material...

Q:

or Ton Advanced Problems for Spreadsheet Application the asian many che uily bar the luit theice pran bur wacho The BOE Bound by dividing net income by basil againy Calculus them time Use an equal...

Q:

Problem 9 - 1 9 Joseph Berio is a loan officer with the First Bank of Tennessee. Red Brick, Inc., a major producer of masonry products, has applied for a short - term loan. Red Brick supplies...

Q:

eBook Problem 9-19 Joseph Berio is a loan officer with the First Bank of Tennessee. Red Brick, Inc., a major producer of masonry products, has applied for a short-term loan. Red Brick supplies...

Q:

Problem 9-19 Joseph Berio is a loan officer with the First Bank of Tennessee. Red Brick, Inc., a major producer of masonry products, has applied for a short-term loan. Red Brick supplies building...

Q:

eBook Problem 9-19 Joseph Berio is a loan officer with the First Bank of Tennessee. Red Brick, Inc., a major producer of masonry products, has applied for a short-term loan. Red Brick supplies...

Q:

see attached PART I - FINAL EXAM Ratio Anlysis. Case 11.12 - Analytical case-complete an income statement and balance sheet using financial ratio data. Partially completed financial statements for...

Q:

An investor expects the price of a stock to remain stable and writes a straddle. What is this individuals risk exposure? How may the investor close the position?

Q:

Identify four user groups normally interested in financial information about a business.

Q:

Question Content Area Under the equity method, a receipt of cash dividends by the investor would

Q:

Why is understanding the relationship between the cash conversion cycle (CCC) and net working capital important to the contemporary business executive? Explain ways in which executive decisions...

Q:

From the e-Activity, evaluate the appropriateness of the techniques used and the common issues pursued by the IRS in corporate liquidations and dissolutions. Create an argument to defend the client...

Q:

If four years of college tuition cost $15,000 in 1990, what did it cost in 1965 if tuition increased at 7% per year between 1965 and 1990?

Q:

The volume density of atoms for a simple cubic lattice is 4 x 10 22 cm -3 . Assume that the atoms are hard spheres with each atom touching its nearest neighbor. Determine the lattice constant and the...

Q:

A task is expected to take 20 hours of labor at $25 per hour (direct cost). The required material cost is $500. The organization adds a fee of 30% to all direct labor costs to account for overhead....

Q:

Question 3 Raincoat Plc. produces and install celing materials. Below is the company's estimated profit statement for the next accounting year, prepared using marginal costing principles Per unit E E...

Q:

=+d. Purchaser: buys the item.

Q:

=+3. Speak in an appropriate tone of voice. If you're reaching out to families looking for a fun vacation look at how Disney vacations always sound like exciting adventures.

Q:

3 When you are in a position, either now or in the future, to have an impact on the psychological contracts of other people (e. g. those reporting to you), what are the key lessons you will keep in...