Computer services revenue Net sales (of goods) Total sales and revenue Cost of goods sold Net...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Computer services revenue Net sales (of goods) Total sales and revenue Cost of goods sold Net income Quick assets Current assets Total assets Current liabilities Total liabilities Total equity Required: $ 25,307 18,693 44,000 14,052 18,833 90,924 95,568 120,268 875 875 119,393 1. Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio, 2. Compute the current ratio and acid-test ratio. 3. Compute the debt ratio and equity ratio. 4. What percent of its assets are current? What percent are long term? Computer services revenue Net sales (of goods) Total sales and revenue Cost of goods sold Net income Quick assets Current assets Total assets Current liabilities Total liabilities Total equity Required: $ 25,307 18,693 44,000 14,052 18,833 90,924 95,568 120,268 875 875 119,393 1. Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio, 2. Compute the current ratio and acid-test ratio. 3. Compute the debt ratio and equity ratio. 4. What percent of its assets are current? What percent are long term?
Expert Answer:
Answer rating: 100% (QA)
The following details are given in the question Particulars Amount Computer Services Revenue 25307 Net Sales of Goods 18693 Total Sales and Revenue 44... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
uality Producers acquired factory equipment on 1 January 20X5, costing $186,000. Component parts are not significant and need not be recognized and depreciated separately. In view of pending...
-
Below is the financial information of Martin Corporation for 2017. Gain on sale of investments 160,000 Net sales 45,000,000 Cost of goods sold 31,000,000 Loss on disposal of wholesale division...
-
Below the Trial Balance of the Consolidated Fund for the year ended 31st December 2017 GHc'm GHc'm 20,200 Established post Non- establish post Travel allowances Insurance Conferences and workshops...
-
Record your responses on the spreadsheet template. 2014 February 1 - Brady and Manning decide to start up a partnership. Brady brings in $10 000 cash and equipment costing $60 000, with $17 000 in...
-
What is HEXSIL?
-
A sales representative for High Speed Technologies is faced with a demand from an important customer that is in direct conflict with company policies. The customer wants several product modifications...
-
Question: Police bang down the door of Mary Beth's apartment, enter without her permission, and search the apartment. They had no warrant. The officers discover a machine used to manufacture fake...
-
During 2014, its first year of operations as a delivery service, Persinger Corp entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $100,000 in...
-
Compute the number of years (t) if future value (FV) = $10174, present value (FV) = $1498, and interest rate (r) = 14.7%,. (Do not round intermediate calculations and round your answers to 2 decimal...
-
Four trials of 5.00 ml samples of dilute acetic acid solution required 14.8, 18.4, 25.2, and 11.8 mL of 0.250 N NaOH solution for complete neutralization. The density of HC,H3O2 solution was...
-
Do bondholders have a much stronger preference for hedging than do stockholders?
-
You are analyzing two bonds for possible purchase. The first bond is a 3-year Treasury bond with a 3% stated annual coupon rate (paid semiannually), a face value of $10000, and a current price of...
-
You purchased 100 shares of Loblaws stock on margin at a price of $49 a share. You deposited $2940 into the account and the required margin is 30%. How low can the stock price go before you receive a...
-
Lori is a new hire and is keen to show her prowess in delta hedging to her boss. She reviews the put options on Waste Connections Ltd. and sells 60,000 put options. Spot price on the date of trading...
-
Describe the difference between the standard deviation of the population mean and the standard error ofthe sample mean.
-
Q3. Do you consider yourself a Type A or a Type B Person? Why? Write Short Notes giving examples on the following: Q4 i) ii) Cognitive Dissonance Self-Monitoring
-
If the amplifier indicated by the box input impedance of oo, which of the following statements are true ? has an open loop gain as well as Feedback factor (\beta = 1/ R_1\) The feedback is voltage...
-
Tesla, a vehicle manufacturer, incurs the following costs. (1) Classify each cost as either a product (PROD) or period (PER) cost. If a product cost, identify it as direct materials (DM), direct...
-
Rivera Co. sold 20,000 units of its only product and incurred a $50,000 loss (ignoring taxes) for the current year, as shown here. During a planning session for year 2020s activities, the production...
-
While reviewing the March 31, 2020, balance sheet of Business Solutions, Santana Rey notes that the business has built a large cash balance of $68,057. Its most recent bank money market statement...
-
What are the current trends in software platforms?
-
One early morning in the fall of 2007, Dennis Jonsson was reading the latest reports on global warming and thought that someone ought to do something about it. Then he realized that he and his fellow...
-
Between 1988 and 2008, we saw an increase in the percent of cash returned to stockholders in the form of dividends. Why?
Study smarter with the SolutionInn App