Question: Problem 14-01 SABIN ELECTRONICS Ratios This YearLast Year a. Working capital b. Current ratio c. Acid-test ratio d. Average age of receivables e. Turnover in
Problem 14-01
SABIN ELECTRONICS
Ratios
This YearLast Year
a.
Working capital
b.
Current ratio
c.
Acid-test ratio
d.
Average age of receivables
e.
Turnover in days
f.
Debt-to-equity ratio
g.
SABIN ELECTRONICS
Common-Size Balance Sheets
This YearLast Year
Current assets:
Cash
Marketable securities
Accounts receivable, net
Inventory
Prepaid expenses
Total current assets
Plant and equipment, net
Total assets
Liabilities:
Current liabilities
Bonds payable, 12%
Total liabilities
Stockholders' equity:
Preferred stock, $25 par, 8%
Common stock, $10 par
Retained earnings
Total stockholders' equity
Total liabilities and equity
SABIN ELECTRONICS
Common-Size Income Statements
This YearLast Year
Sales
Less cost of goods sold
Gross margin
Less operating expenses
Net operating income
Less interest expense
Net income before taxes
Less income taxes
Net income
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