Question: need the remaining yellow boxes answered please Clipboard Font Alignment Number P11 X Account Current Asset Answers Counts receivable $2,500 1.800 12,000 $16,400 Measures of
need the remaining yellow boxes answered please Clipboard Font Alignment Number P11 X Account Current Asset Answers Counts receivable $2,500 1.800 12,000 $16,400 Measures of Short-term Liquidity current assets current liabilities quick assets current liabilities net sales i accounts receivable 365 days/receivables turnover rate cost of goods sold inventory 206 0.55 3158 current ratio quick ratio receivables turnover rate days to collect receivables inventory turnover rate Fixed Asset Property, plant and equipment 20,000 14 Total Assets 0000 Measures of Long-term Credit Risk total liabilities/total assets operating income l annual interest expense debt ratio Times Interest Earned Current Liability tl Accounts payable 10 Wages payable $5,000 3,000 $8,000 Measures of Profitability net income sales net income / total assets net income total equity 20. Long-term Liability Bonds payable Profi Margin return on assets return on equity $9,000 3,000 Equity 24 Common Stook 25 Retained Earnings $14,000 5,400 19,400 27 Total Liabilities - Equity 2 The Income Statement Do Amount 31 Account 32 Net sales 35 Cost of goods sold 34 gross profit 35 Operating expenses 36 operating income 37 Interest expense 36 Tax expense 33 net income 40 35,000 25,000 8.000 17,000 600 4,100 $12.300
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
