Consider the following company balance sheet and income statement. For this company, calculate the following: a. Current
Question:
For this company, calculate the following:
a. Current ratio.
b. Number of days' sales in receivables.
c. Sales to total assets.
d. Number of days in inventory.
e. Debt to assets ratio.
f. Cash flow debt ratio.
g. Return on assets.
h. Return on equity.
Transcribed Image Text:
Balance Sheet: Assets Cash Accounts receivable Inventory Total current assets Fixed assets Total assets $4,000 52,000 40.000 96,000 44.000 $140,000 Liabilities and Equity Accounts payable Notes payable Total current liabilities Long-term debt Equity Total liabilities and equity S30,000 2.000 42,000 36,000 62.000 S140,000
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Income Statement Sales all on credit 200000 Cost of goods sold 130000 Gross margin 70000 ...View the full answer
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Related Book For
Financial Institutions Management A Risk Management Approach
ISBN: 978-0071051590
8th edition
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
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