TFIM Corporation Balance Sheets 2021 e f Cash Accounts receivable Inventory Equipment (net) Accounts payable Dividends...

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TFIM Corporation Balance Sheets 2021 e f Cash Accounts receivable Inventory Equipment (net) Accounts payable Dividends payable Long-term note payable Capital stock $10 par Retained earnings a b Inventory Turnover с d 12/31/2021 Accounts Receivable Turnover Debt Ratio at year-end Return on Assets Return on Common Equity Gross Profit Margin 53,000 162,566 220,000 364,500 800,066 97,890 15,000 235,000 250,000 202,176 800,066 1/1/2021 148,655 182,536 269,966 366,201 967,358 65,650 10,000 115,000 250,000 526,708 967,358 TFIM Corporation Income Statement for the year ended 12/31/2021 60,000 Sales Cost of goods sold Gross profit on sales Operating expense Operating Income Interest exp & income tax Net income Cash dividends declared during the year: Using the above information, calculate the following to 2 decimal places. Use % as appropriate. 2,037,500 (735,250) 1,302,250 (757,750) 544,500 (159,968) 384,532 TFIM Corporation Balance Sheets 2021 e f Cash Accounts receivable Inventory Equipment (net) Accounts payable Dividends payable Long-term note payable Capital stock $10 par Retained earnings a b Inventory Turnover с d 12/31/2021 Accounts Receivable Turnover Debt Ratio at year-end Return on Assets Return on Common Equity Gross Profit Margin 53,000 162,566 220,000 364,500 800,066 97,890 15,000 235,000 250,000 202,176 800,066 1/1/2021 148,655 182,536 269,966 366,201 967,358 65,650 10,000 115,000 250,000 526,708 967,358 TFIM Corporation Income Statement for the year ended 12/31/2021 60,000 Sales Cost of goods sold Gross profit on sales Operating expense Operating Income Interest exp & income tax Net income Cash dividends declared during the year: Using the above information, calculate the following to 2 decimal places. Use % as appropriate. 2,037,500 (735,250) 1,302,250 (757,750) 544,500 (159,968) 384,532

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a Accounts Receivable Turnover Sales Accounts Receiva... View the full answer