Question: When inputting an answer, round your answer to the nearest 4 decimal places. If you need to use a calculated number for further calculations, DO
When inputting an answer, round your answer to the nearest 4 decimal places. If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 4 decimal places unless otherwise stated.
| Accounts | 2021 | 2022 |
|---|---|---|
| Cash | $45.00 | $50.00 |
| A/R | $337.00 | $341.00 |
| Inventory | $120.00 | $241.00 |
| Total | $502.00 | $632.00 |
| Net Fixed Assets | $1,000.00 | $1,200.00 |
| Total Assets | $1,502.00 | $1,832.00 |
| Accounts | 2021 | 2022 |
|---|---|---|
| Accounts Payable | $153.00 | $294.00 |
| Notes Payable | $150.00 | $125.00 |
| Total | $303.00 | $419.00 |
| Long-Term Debt | $500.00 | $750.00 |
| Common Stock | $400.00 | $400.00 |
| Retained Earnings | $299.00 | $263.00 |
| Total Liabilities | $1,502.00 | $1,832.00 |
| Accounts | 2021 | 2022 |
|---|---|---|
| Sales | $3,169.00 | |
| Cost of Goods Sold | $2,535.20 | |
| Depreciation | $200.00 | |
| EBIT | $433.80 | |
| Interest | $40.00 | |
| Taxes | $173.52 | |
| Net Income | $220.28 |
Question Set 1 (2 points each, 18 points total)
- What is the Current Ratio for 2022?
- What is the quick ratio for 2022?
- What is the Times Interest Earned for 2022?
- What is the Debt to Equity ratio for 2022?
- What is the Profit Margin for 2022? Please share your final answer as a percentage rounded to 2 decimal places.
- What is the Total Asset Turnover for 2022?
- What is the Equity Multiplier for 2022?
- What is the Return on Equity for 2022? Please share your final answer as a percentage rounded to 2 decimal places.
- What is the Return on Assets (ROA) for 2022? Please share your final answer as a percentage rounded to 2 decimal places.
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