Question: Use the following financial statement information to answer the question listed below: 2014 2013 Inventory $54,000 $48,000 Curr Assets 81,000 106,000 Total Assets 382,000 326,000
| Use the following financial statement information to answer the question listed below: | |||||||||
| 2014 | 2013 | ||||||||
| Inventory | $54,000 | $48,000 | |||||||
| Curr Assets | 81,000 | 106,000 | |||||||
| Total Assets | 382,000 | 326,000 | |||||||
| Curr Liabs | 27,000 | 36,000 | |||||||
| Total Liabs | 102,000 | 88,000 | |||||||
| Common stock equity | 240,000 | 198,000 | |||||||
| Net sales | 784,000 | 697,000 | |||||||
| Cost of goods sold | 306,000 | 277,000 | |||||||
| Net income | 134,000 | 90,000 | |||||||
| Tax expense | 22,000 | 18,000 | |||||||
| Interest income | 12,000 | 12,000 | |||||||
| Dividends paid to Preferred shares | 4,000 | 4,000 | |||||||
| Dividends paid to common shares | 15,000 | 10,000 | |||||||
| Create a classified BS and an IS for 2015 for the company. |
2014 2013 Inventory Curr Assets Total Assets Curr Liabs Total Liabs Common stock equity Net sales Cost of goods sold Net income Tax expense Interest income Dividends piad to Preferred shares Dividends paid to common shares $54,000 81,000 382,000 27,000 102,000 240,000 784,000 306,000 134,000 22,000 12,000 4,000 15,000 $48,000 106,000 326,000 36,000 88,000 198,000 697,000 277,000 90,000 18,000 12.000 4,000 10,000 1. Compute the days inventory for 2014 2. Compute the Current Ratio for 2014 3. Compute the profit margin for 2014 4. Compute the return on stockholder's equity for 2014 5. Compute the times interest earned 6. Creat a classified BS and an IS for 2015 for the company
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