Question
1. Complete the following tasks using the given data set. Assets $ Cash 200.000 Accounts receivable 400.000 Inventory 1.200.000 Plant 600.000 Total assets 2.400.000 Liabilities
1. Complete the following tasks using the given data set.
Assets $
Cash 200.000
Accounts receivable 400.000
Inventory 1.200.000
Plant 600.000
Total assets 2.400.000
Liabilities
Accounts payable 800.000
Long-term debt 400.000
Capital 1.200.000
Total 2.400.000
Profit and loss
Sales 1.600.000
Cost of goods sold 1.000.000
Operating expenses 200.000
Interest 100.000
Taxes 100.000
Net profit 200.000
Find the following:
(a) Current ratio
(b) Quick asset ratios
(c) Inventory turnover
(d) Collection period
(e) Fixed asset turnover
(f) Times interest covered
(g) Net profit margin
(h) Return on total assets
(i) Return on capital.
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Accounting Information Systems Controls And Processes
Authors: Leslie Turner, Andrea B Weickgenannt, Mary Kay Copeland
4th Edition
1119577810, 9781119577812
