Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1) working capital of this year(select1) A-113 B-133 C-131 D- none of the above 2)current ratio of this year (select1) A-1.63 B-1.66 C-1.33 D-1.36 $
1) working capital of this year(select1)
$ 26 $ 10 Statements in About Asset Debt Comparative Financial Liquidity Management Market Performance Profitability Management und Common financial ratios financial ratios Analysis financial ritos financial ratios financial ratios Sive Form HOMEWORK#2 Rockford Company Comparative Balance Sheet Rockford Company Income Statement (dollars in millions) For This Year Ended December 31 This Year Last Year (dollars in millions) Assets Sales $1.000 Current assets Cost of goods sold 530 Cash and cash equivalents Accounts receivable 180 470 Gross margin 270 Inventory 205 160 Selling and administrative expenses 352 Prepaid expenses 17 20 Net operating income 118 Total current assets. 428 460 Nonoperating items: Property, plant, and equipment 430 4 Loss on sale of equipment 309 Less accumulated depreciation 218 194 Income before taxes 114 Net property, plant, and equipment. 212 48 115 Income taxes. Long-term investments 60 75 Net Income. $ 66 Total assets. $700 $650 Liabilities and Stockholders' Equity Knowing that Current liabilities: Number of shares outstanding is 10.000.000 Accounts payable $230 $310 Accrued liabilities 70 60 Market price per share is $15, Income taxes payable 15 Sales on cash is 35% of total sales Total current liabilities. 315 378 Taxes rate is 42,15% Bonds payable. 135 40 Total liabilities 450 418 Preferred dividends are 25% of total dividends Stockholders' equity Assess through all the ratios) the liquidity, the Common stock. 140 140 asset management, the debt management, the Retained earnings 110 92 Total stockholders' equity profitability and the market performance of the 250 232 company Total liabilities and stockholders' equity... $700 $650 A-113
B-133
C-131
D- none of the above
2)current ratio of this year (select1)
A-1.63
B-1.66
C-1.33
D-1.36
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started