Consider the following company’s balance sheet and income
statement. Balance Sheet Assets Liabilities and Equity Cash $
14,000 Accounts payable $ 40,000 Accounts receivable 69,000 Notes
payable 22,000 Inventory 50,000 Total current assets 133,000 Total
current liabilities 62,000 Fixed assets 78,000 Long-term debt
22,000 Equity 127,000 Total assets $ 211,000 Total liabilities and
equity $ 211,000 Income Statement Sales (all on credit) $ 260,000
Cost of goods sold 150,000 Gross margin 110,000 Selling and
administrative expenses 40,000 Depreciation 4,000 EBIT 66,000
Interest expense 5,800 Earnings before tax 60,200 Taxes 18,060 Net
income $ 42,140 For this company, calculate the following: (Use 365
days in a year. Do not round intermediate calculations. Round your
answers to 2 decimal places. (e.g., 32.16))
a. current ratio = (times)
b. number of days sales in receivable=
(days)
c. sales of total assets= (times)
d. number of days in inventory= (days)
e. debt-to-asset ratio= (%)
f. cash-flow-to-debt ratio= (%)
g. return on assets= (%)
h. return on equity= (%)
Consider the following company’s balance sheet and income statement. Balance Sheet Assets Liabilities and Equity Cash $
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