Question: Using the below financial information for Precision Tool calculate the ratios and match them with the correct answer. $36,408 28,225 Precision Tool 2012 Income Statement

Using the below financial information for Precision Tool calculate the ratios and match them with the correct answer.  Using the below financial information for Precision Tool calculate the ratios
and match them with the correct answer. $36,408 28,225 Precision Tool 2012

$36,408 28,225 Precision Tool 2012 Income Statement Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable income 1.760 6,423 510 $5,913 Less: Taxes 2,070 Net income $3,843 2011 Cash $2,060 Precision Tool 2011 and 2012 Balance Sheets 2012 2011 $1,003 Accounts payable $7,250 4.218 Long term debt 9.800 21,908 Common stock 15,000 $27.129 Retained earning 6,357 14.080 S41.209 Total lab & equity $38.407 Accounts rec. Inventory Total Net fixed assets Total assets 2012 $8,384 11.500 17,500 3.325 18,776 $24,247 14.160 $38,407 S41,209 Current Ratio A. 49 Quick Ratio B. 93 C. 12.59 D. 16.05 E. 10.5696 V F. 1.29 Cash Ratio L. Total Asset Turnover Inventory Turnover Receivable Turnover Total Debt Ratio Debt to Equity Ratio Times Interest Earned Ratio Cash Coverage Ratio Profit Margin G. 3.25 V H. 9.33% V 1. 18.0296 1. .62 K 8.63 L. 88 Return on Assets 1. Return on Equity M. 12

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