- Revise Your Calculations Based The New Information Provided Below And Then Answer The Questions That Follow Cash Accoun 1 (33.53 KiB) Viewed 6 times
Revise your calculations based the new information provided below and then answer the
questions that follow. Cash Accounts receivable Inventory Long-term assets Total assets Current liabilities Long-term liabilities Total liabilities Stockholders' equity Total liabilities and stockholders' equity Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Net income Stock price Average shares outstanding Current Previous $76,000 $66,000 46,000 51,000 106,000 86,000 249,700 161,000 $477,700 $364,000 Ratio: Gross profit ratio: Return on assets: Profit margin: Asset turnover: Return on equity: Earnings per share: Price-earnings ratio: Current $430,000 232,500 66,000 12,600 25, 200 $93,700 % % % $66.00 12,600 Required: 1. Use your spreadsheet to recalculate the ratios and enter your results here: (Round your answers to 2 decimal places.) times % Current Previous $86,000 $76,000 132,000 122,000 218,000 259,700 $477,700 198,000 166,000 $364,000