The following are the financial statements for Sandhill Consumer Products Company for the fiscal year. Sandhill...

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The following are the financial statements for Sandhill Consumer Products Company for the fiscal year. Sandhill Consumer Products Company Income Statement Net sales Cost of products sold Gross profit Marketing, research, administrative expense Depreciation Operating income (loss) Interest expense Earnings (loss) before income taxes Income taxes Net earnings (loss) $68,240 23,750 $44,490 15,800 650 $28,040 1,100 $26,940 8,185 $18,755 Assets: Cash and marketable securities Investment securities. Accounts receivable Inventory Deferred income taxes Prepaid expenses and other receivables Total current assets. Property, plant, and equipment, at cost Less: Accumulated depreciation Net property, plant, and equipment Net goodwill and other intangible assets. Other noncurrent assets Sandhill Consumer Products Company Balance Sheet Total assets $4,550 470 3,420 3,570 960 1,680 $14,650 31,194 9,557 $21,637 27,900 2,390 $66,577 Liabilities and Equity: Accounts payable Accrued and other liabilities Taxes payable Debt due within one year Total current liabilities Long-term debt Deferred income taxes Other noncurrent liabilities Total liabilities Convertible class A preferred stock Common stock Retained earnings Total stockholders' equity Total liabilities and equity $4,410 6,500 2,810 6,915 $20,635 11,215 2,590 2,500 $36,940 1,294 2,500 25,843 $29,637 $66,577 Calculate all the ratios listed below for Sandhill, for which industry figures are available. (Round current ratio, quick ratio, debt ratio, long term debt ratio answers to 2 decimal places, e.g. 12.25 and other answers to 1 decimal place, e.g.12.5 or 12.5%.) Ratio Current ratio Quick ratio Gross margin Net profit margin Debt ratio Long-term debt to equity Interest coverage Return on assets Return on equity Industry Average 2.05 0.78 23.9 % 12.3 % 0.23 0.98 5.62 5.3 % 18.8 % times times % % times times times % de % The following are the financial statements for Sandhill Consumer Products Company for the fiscal year. Sandhill Consumer Products Company Income Statement Net sales Cost of products sold Gross profit Marketing, research, administrative expense Depreciation Operating income (loss) Interest expense Earnings (loss) before income taxes Income taxes Net earnings (loss) $68,240 23,750 $44,490 15,800 650 $28,040 1,100 $26,940 8,185 $18,755 Assets: Cash and marketable securities Investment securities. Accounts receivable Inventory Deferred income taxes Prepaid expenses and other receivables Total current assets. Property, plant, and equipment, at cost Less: Accumulated depreciation Net property, plant, and equipment Net goodwill and other intangible assets. Other noncurrent assets Sandhill Consumer Products Company Balance Sheet Total assets $4,550 470 3,420 3,570 960 1,680 $14,650 31,194 9,557 $21,637 27,900 2,390 $66,577 Liabilities and Equity: Accounts payable Accrued and other liabilities Taxes payable Debt due within one year Total current liabilities Long-term debt Deferred income taxes Other noncurrent liabilities Total liabilities Convertible class A preferred stock Common stock Retained earnings Total stockholders' equity Total liabilities and equity $4,410 6,500 2,810 6,915 $20,635 11,215 2,590 2,500 $36,940 1,294 2,500 25,843 $29,637 $66,577 Calculate all the ratios listed below for Sandhill, for which industry figures are available. (Round current ratio, quick ratio, debt ratio, long term debt ratio answers to 2 decimal places, e.g. 12.25 and other answers to 1 decimal place, e.g.12.5 or 12.5%.) Ratio Current ratio Quick ratio Gross margin Net profit margin Debt ratio Long-term debt to equity Interest coverage Return on assets Return on equity Industry Average 2.05 0.78 23.9 % 12.3 % 0.23 0.98 5.62 5.3 % 18.8 % times times % % times times times % de %

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1 Current Ratio Current AssetsCurrent Liabilities 1465020635 071 2 Qu... View the full answer