Question
1.What is ABC Company's return on assets? Give your answer as a percentage to 2 decimal places. If you calculated answer was 0.08466, your answer
1.What is ABC Company's return on assets? Give your answer as a percentage to 2 decimal places. If you calculated answer was 0.08466, your answer would be 8.47 (do not enter % sign)
2.What is ABC Company's quick ratio? Give your answer to 2 decimal places
3.What is ABC Company's return on equity? Give your answer as a percentage to 2 decimal places. If you calculated answer was 0.08466, your answer would be 8.47 (do not enter % sign)
4.What is ABC Company's return on revenue? Give your answer as a percentage to 2 decimal places. If you calculated answer was 0.08466, your answer would be 8.47 (do not enter % sign)
5.What is ABC Company's current ratio? Give answer to 2 decimal places
6.What is ABC Company's working capital? Give your answer as a whole number without punctuation. For example, $56,421.00 would be entered as 56421
ABC Company Income Statement 31-Dec-19 $50,000,000 Sales Cost of goods sold Materials Labor Overhead Total cost COGS ($8,000,000) ($11,000,000) ($6,000,000) ($25,000,000) Gross Margin $25,000,000 Operating Expenses Selling expenses Administrative expenses Depreciation and amortization Total operating expenses ($9,000,000) ($6,000,000) ($5,000,000) ($20,000,000) Operating Income $5,000,000 Other Income and Expenses Interest Revenue Interest Expense Extraordinary Items Total other items and expenses $50,000 ($1,000,000) $2,000,000 $1,050,000 Income Before Tax $6,050,000 Income Tax (35%) ($2,117,500) Net Income $3,932,500 ABC Company Balance Sheet 31-Dec-19 Assets Current Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Investments Total current assets $100,000 $20,000 $15,000 $4,000 $10,000 $149,000 Liabilities and Shareholde's Equity Current Liabilities Accounts payable Notes payable Accrued expenses Deferred revenue Total current liabilities $30,000 $10,000 $5,000 $2,000 $47,000 Long term debt $200,000 Total Liabilities $247,000 Property and Equipment Land Buildings ans improvements Equipment Less accumulated depreciation $24,300 $250,000 $50,000 ($5,000) Shareholder's Equity Common stock Additional paid-in capital Retained earnings Treasury stock Net Worth Other Assets Intangible assets less accumulated amortization $10,000 $20,000 $197,100 ($2,000) $225,100 $4,000 ($200) Total Assets $472,100 Total Liabilities and Shareholders Equity $472,100Step by Step Solution
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