The following table presents the data for CanDo Inc. as of December 31, 2018: Accounts payable $126,000
Fantastic news! We've Found the answer you've been seeking!
Question:
The following table presents the data for CanDo Inc. as of December 31, 2018:
Accounts payable
$126,000
Accounts receivable
$165,000
Cash and cash equivalents
$106,000
CoGS
$271,600
Common stock
$1,090,000
Depreciation
$42,000
Dividend payout ratio
40%
Interest paid
$38,596
Inventory
$175,000
Long-term debt
$1,856,000
Net fixed assets
$2,932,000
Sales
$440,000
Short-term debt
$142,872
Tax rate
31%
Calculate the following financial ratios for CanDo Inc. in the fiscal year of 2019 (round all answers to six decimal places):
Receivables turnover (using avg. accounts receivable from 2018 & 2019)
Related Book For
Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
Posted Date: