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 | $122.00 | $105.00 |
| Inventory | $254.00 | $275.00 |
| Total | $421.00 | $430.00 |
| Net Fixed Assets | $1,000.00 | $1,200.00 |
| Total Assets | $1,421.00 | $1,630.00 |
| Accounts | 2021 | 2022 |
|---|---|---|
| Accounts Payable | $360.00 | $325.00 |
| Notes Payable | $150.00 | $125.00 |
| Total | $510.00 | $450.00 |
| Long-Term Debt | $500.00 | $750.00 |
| Common Stock | $400.00 | $400.00 |
| Retained Earnings | $11.00 | $30.00 |
| Total Liabilities | $1,421.00 | $1,630.00 |
| Accounts | 2021 | 2022 |
|---|---|---|
| Sales | $1,604.00 | |
| Cost of Goods Sold | $1,283.20 | |
| Depreciation | $200.00 | |
| EBIT | $120.80 | |
| Interest | $40.00 | |
| Taxes | $48.32 | |
| Net Income | $32.48 |
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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