Question

Income Statement Balance Sheet Sales $20,000,000 Assets: Cost of Goods Sold 8,000,000 Cash $5,000,000 12,000,000 Marketable...

Income Statement Balance Sheet
Sales $20,000,000 Assets:
Cost of Goods Sold 8,000,000 Cash $5,000,000
12,000,000 Marketable Securities 12,500,000
Selling and Administrative 1,600,000 Accounts Receivable, net 2,500,000
Depreciation 3,000,000 Inventory 30,000,000
EBIT 7,400,000 Prepaid Expenses 5,000,000
Interest 2,000,000 Plant & Equipment 30,000,000
5,400,000
Taxes (40%) 2,160,000 Total Assets 85,000,000
3,240,000
Common Stock Div. 600,000 Liabilities and Equity:
$2,640,000 Accounts Payable $20,000,000
Notes Payable 5,000,000
Shares outstanding of common stock = 1,000,000 Accrued Expenses 5,000,000
Market price of common stock = $18 Bonds Payable 25,000,000
Common Stock 5,000,000
Capital in Excess of Par 10,000,000
Retained Earnings 15,000,000
Total Liabilities and Equity 85,000,000

1-1.     The Current Ratio is:

1-2.      The Net Profit margin is:

1-3.      The Quick Ratio is:

1-4.      The Times Interest Earned ratio is:

1-5.      The Earnings Per Share is:

1-6.      The Gross Profit Margin is:

1-7.      The Total Debt to Total Asset ratio is:

1-8.      Return on Assets ratio is:

1-9.      The Total Asset Turnover ratio is:

1-10.    The Operating Profit Margin is:

1-11.    The Average Collection Period (365 day year) is:

1-12.    The Market to Book ratio is:

1-13.    The Debt to Equity ratio is:

1-14.    The Inventory Turnover ratio is:

1-15.    The Return on Equity is:
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Income Statement                                        &nbs
Income Statement                                           Balance Sheet Sales $20,000,000   Assets: Cost of Goods Sold 8,000,000 Cash $ 5,000,000 12,000,000 Marketable Securities 12,500,000 Selling and Administrative 1,600,000 Accounts Receivable, net 2,500,000 Depreciation 3,000,000 Inventory 30,000,000 7,400,000 Prepaid Expenses 5,000,000 Interest 2,000,000 Plant & Equipment 30,000,000 5,400,000                 Taxes (40%) 2,160,000   Total Assets 85,000,000 3,240,000                 Common Stock Div. 600,000 Liabilities and Equity: $2,640,000 Accounts Payable $20,000,000 Notes Payable                 5,000,000 Accrued Expenses          5,000,000 Bonds                            25,000,000 Common Stock                5,000,000 Capital in Excess of Par 10,000,000 Retained...
QUESTION 1 Co. XYZ Balance Sheet Assets: Cash and marketable securities                              &nbs
QUESTION 1 Co. XYZ Balance Sheet Assets: Cash and marketable securities                                $300,000 Accounts receivable                                                 1,125,000 Inventories                                                               1,837,500 Prepaid expenses                                                          24,000 Total current assets                                                $3,286,500 Fixed assets                                                              2,700,000 Less: accumulated depreciation                               1,087,500 Net fixed assets                                                      $1,612,500 Total assets                                                             $4,899,000 Liabilities: Accounts payable                                                      $240,000 Notes payable                                                              825,000 Accrued taxes                                                                42,000 Total current liabilities                                           $1,107,000 Long-term debt                                                            975,000 Owner’s equity                                                         2,817,000 Total liabilities and owner’s equity                        $4,899,000 Co. XYZ Income Statement Net sales (all credit)                                                $6,375,000 Less: Cost of goods sold                                           4,312,500 Selling and administrative expense                           1,387,500 Depreciation expense                                                  135,000 Interest expense                                                          127,000 Earnings before taxes                                               $ 412,500 Income taxes                                                                225,000 Net income                                                                $ 188,000 Common stock...
The Balance Sheet and the Income Statement for ABC Manufacturing Corporation are as follows: DATA (All...
The Balance Sheet and the Income Statement for ABC Manufacturing Corporation are as follows: DATA (All amounts in SAR unless otherwise indicated, all sales are on credit and no hard keys.) Balance Sheet: ABC Corporation Balance Sheet Other current assets Total current assets Gross fixed assets Accumulated depreciation Net fixed assets Total assets LIABILITIES (DEBT) AND EQUITY Accounts payable Short-term notes payable Total current liabilities Long-term debt Total liabilities Common stock (par & paid in capital) Retained earnings Total common...
Compute Profit margin, current ratio, debt to asset, and asset turnover ratios. Balance Sheet As on...
Compute Profit margin, current ratio, debt to asset, and asset turnover ratios. Balance Sheet As on April 30 $ $ ASSETS Lanscaping Equipment 15,000 Cash 55,300 Prepaid Insurance 3,300 Landscaping supplies 300 Accounts Receivable 600 Total Assets 74,500 Equity and Liabilities Equity Common Stock 50,000 Retained Earnings 20,750 Total Equity 70,750 Liabilities Accounts Payable 3,750 Total Equity and Liabilities 74,500
The balance sheet and income statement for the A. Thiel Mfg. Company are as follows: Balance...
The balance sheet and income statement for the A. Thiel Mfg. Company are as follows: Balance Sheet ($000) Cash $ 500 Accounts receivable 2,000 Inventories 1,000 Current assets $3,500 Net fixed assets 4,500 Total assets $8,000 Accounts payable $1,100 Accrued expenses 600 Short-term notes payable 300 Current liabilities $2,000 Long-term debt 2,000 Owners’ equity 4,000 Total liabilities and owners’ equity $8,000 Income Statement ($000) Sales (all credit) $8,000 Cost of goods sold (3,300) Gross profit $4,700 Operating expenses (includes $500...
Suppose the Schoof Company has this book value balance sheet: Current assets $30,000,000 Current liabilities $20,000,000...
Suppose the Schoof Company has this book value balance sheet: Current assets $30,000,000 Current liabilities $20,000,000 Fixed assets 70,000,000 Notes payable $10,000,000 Long-term debt 30,000,000   Common stock (1 million shares) 1,000,000 Retained earnings 39,000,000 Total assets $100,000,000 Total liabilities and equity $100,000,000 The notes payable are to banks, and the interest rate on this debt is 10%, the same as the rate on new bank loans. These bank loans are not used for seasonal financing but instead are part of...
Suppose the Schoof Company has this book value balance sheet: Current assets $30,000,000 Current liabilities $20,000,000...
Suppose the Schoof Company has this book value balance sheet: Current assets $30,000,000 Current liabilities $20,000,000 Notes payable 10,000,000 Fixed assets 70,000,000 Long-term debt 30,000,000 Common stock (1 million shares) 1,000,000 Retained earnings 39,000,000 Total assets $100,000,000 Total liabilities and equity $100,000,000 The notes payable are to banks, and the interest rate on this debt is 7%, the same as the rate on new bank loans. These bank loans are not used for seasonal financing but instead are part of...
The balance sheet and income statement shown below are for Big D Café: Balance Sheet (millions...
The balance sheet and income statement shown below are for Big D Café: Balance Sheet (millions of $) Assets Cash and securities                                                          2,500 Accounts receivable                                                        11,500 Inventories                                                                        16,000 Total current assets                                                        30,000 Net plant and equipment                                             20,000 Total assets 50,000 Liabilities and Equity Accounts payable                                                             9,500 Notes payable                                                                   7,000 Accruals                                                                               5,500 Total current liabilities                                                    22,000 Long-term debt                                                                15,000 Total liabilities                                                                   37,000 Common stock                                                                  2,000 Retained earnings                                                            11,000 Total common equity                                                     13,000 Total liabilities and equity                                            50,000 Income Statement (millions of $) Sales                                                                                      87,500 Operating costs except...
Consider the following company’s balance sheet and income statement. Balance Sheet Assets Liabilities and Equity Cash...
Consider the following company’s balance sheet and income statement. Balance Sheet Assets Liabilities and Equity Cash $ 10,000 Accounts payable $ 31,000 Accounts receivable 72,000 Notes payable 25,000 Inventory 53,000 Total current assets 135,000 Total current liabilities 56,000 Fixed assets 81,000 Long-term debt 30,000 Equity 130,000 Total assets $ 216,000 Total liabilities and equity $ 216,000 Income Statement Sales (all on credit) $ 290,000 Cost of goods sold 180,000 Gross margin 110,000 Selling and administrative expenses 43,000 Depreciation 7,000 EBIT...
Income statement and balance sheet data for The Sports Shack are provided below. The Sports Shack...
Income statement and balance sheet data for The Sports Shack are provided below. The Sports Shack Income Statements For the years ended December 31 2019 2018 Sales revenue $8,200,000 $6,600,000 Cost of goods sold 6,100,000 4,700,000 Gross profit 2,100,000 1,900,000        Expenses:            Operating expenses 1,450,000 1,400,000            Depreciation expense 90,000 100,000            Interest expense 25,000 50,000            Income tax expense 95,000 80,000                Total expenses 1,660,000 1,630,000 Net income $440,000 $270,000 The Sports Shack Balance Sheets December 31 Assets 2019 2018 2017 Current assets:         Cash...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT