Please solve and show work. I need to compare my answers and formulas/methods I used.

Q2. For the FY 2016, Alpha Company had net sales of $850,000 and net income of $50,000, paid income taxes of $20,000, and had before tax interest expense of $10,000. Use this information to determine the: (Round & enter your answers to one decimal place and enter the value.)

1. Times Interest Earned Ratio

2. Profit Margin

Q4. The following financial information isfor Alpha Corporationarefor the fiscal years ending 2017 & 2016 (all balances are normal):

Item/Account

2017

2017 2016

Accounts Receivable

$9,800 $9,400

Inventory

25,000 16,000

Net Sales (all credit)

80,000 71,000

Cost of Goods Sold

49,000 52,000

Net Income

7,200 6,900

Use this information to determine for FY 2017: (Round & enter your answers to one decimal place and enter the value.)

1.theaccounts receivable turnover ratio

2.averagecollection period accounts receivable

3. Gross Profit Margin

4. Profit Margin

Q6. The following financial information isfor Alpha Corporationarefor the fiscal years ending 2017 & 2016 (all balances are normal):

Item/Account

2017 2016

Cash

$26,000 $16,000

Accounts Receivable

40,000 50,000

Inventory

30,000 22,000

Current Liabilities

76,000 42,000

Net Sales (all credit)

390,000 360,000

Cost of Goods Sold

270,000 250,000

Use this information to determine for FY 2017: (Round & enter your answers to one decimal place and enter the value.)

1.theinventory turnover ratio

2.numberof days of inventory

3. Gross Profit Margin

Q7 The following financial information isfor Alpha Corporationarefor the fiscal years ending 2017 & 2016 (all balances are normal):

Item/Account

2017 2016

Cash $26,000 $16,000

Accounts Receivable 40,000 50,000

Inventory 30,000 22,000

Current Liabilities 76,000 42,000

Net Sales (all credit) 390,000 360,000

Cost of Goods Sold 260,000 250,000

Use this information to determine for FY 2017: (Round & enter your answers to one decimal place and enter the value.)

1.theAccounts Receivable turnover ratio

2. Average Accounts Receivable collection period

3. Gross Profit Margin

Q8 The following financial information isfor Alpha Corporationarefor the fiscal years ending 2017 & 2016 (all balances are normal):

Item/Account

2017 2016

Cash $26,000 $16,000

Accounts Receivable 30,000 50,000

Inventory 30,000 22,000

Current Liabilities 76,000 42,000

Net Sales (all credit) 390,000 360,000

Cost of Goods Sold 260,000 250,000

Use this information to determine the quick ratio for FY 2017: (Round & enter your answers to one decimal place and enter the value.)

he following financial information isfor Alpha Corporationarefor the fiscal years ending 2017 & 2016 (all balances are normal):

Item/Account

2017 2016

Cash $26,000 $16,000

Accounts Receivable 40,000 50,000

Inventory 30,000 22,000

Current Liabilities 76,000 42,000

Net Sales (all credit) 390,000 360,000

Cost of Goods Sold 260,000 250,000

Q13 Use this information to determine for FY 2017: (Round & enter your answers to one decimal place for non-dollar ratios and enter the value. For dollar ratio enter as whole dollars only.)

1.theCurrent Ratio

2. Working Capital

The following information is related to Alpha Company's fiscal year 2017.

Income Statement:

Net Income$3,000,000

Depreciation Expense500,000

Gain onSaleof Plant Assets50,000

Interest Expense5,000

Balance Sheet - 12/31/17: Increase (Decrease)

Accounts Payable($40,000)

Plant Assets - Purchased275,000

Plant Assets - Disposals(100,000)

Additional Information:

Common Stock exchanged for outstanding Long Term Notes Payable of $125,000

Dividends paid were $30,000

Use this information to determine Alpha Company's Net Cash Flows from Investing Activities. If the amount is an outflow then enclose the amount with dollar sign inside of brackets ( ):

Q14 The following information is related to Alpha Company's fiscal year 2017.

Income Statement:

Net Income$3,000,000

Depreciation Expense500,000

Gain onSaleof Plant Assets50,000

Interest Expense5,000

Balance Sheet - 12/31/17: Increase (Decrease)

Accounts Payable($40,000)

Plant Assets - Purchased250,000

Plant Assets - Disposals(100,000)

Additional Information:

Common Stock exchanged for outstanding Long Term Notes Payable of $135,000

Dividends paid were $45,000

Use this information to determine Alpha Company's Net Cash Flows from Financing Activities. If the amount is an outflow then enclose the amount with dollar sign inside of brackets ( ):