Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2018 2019 Assets Current assets Cash $ 5,298 $ 5,827 Accounts receivable 7,707 9.477 Inventory 12.150 22,956 2018 2019 Liabilities and Owners' Equity Current liabilities

image text in transcribed
image text in transcribed
2018 2019 Assets Current assets Cash $ 5,298 $ 5,827 Accounts receivable 7,707 9.477 Inventory 12.150 22,956 2018 2019 Liabilities and Owners' Equity Current liabilities Accounts payable $ 3,754 $ 5.986 Notes payable 2,045 3,055 Other 152 179 Total $ 5,951 $ 9,220 Total $ 25,155 $38,260 $ 22,700 $ 19.000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 43.000 $ 43,000 28,805 47189 Fixed assets Net plant and equipment $ 75,301 $ 80,149 Total $ 71,805 $ 90,189 Total assets $100,456 $118,409 Total liabilities and owners' equity $100,456 $ 118,409 MATHISON, INC. 2019 Income Statement Sales $ 249,854 Cost of goods 204,317 sold Depreciation 8,730 $ EBIT Interest paid 36,807 2.811 $ Taxable income Taxes 33,996 7139 Net income $ 26,857 Dividends Retained earnings 8,473 18,384 Construct the DuPont identity for Mathison, Inc. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter your profit margin and return on equity answers as a percent.) % Profit margin Total asset turnover Equity multiplier Return on equity times times %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Finance 101 Monopolies Accounting Audits And Blockchain

Authors: Louis Bevoc

1st Edition

1791808182, 978-1791808181

More Books

Students also viewed these Accounting questions

Question

4. Explain the strengths and weaknesses of each approach.

Answered: 1 week ago

Question

3. Identify the methods used within each of the three approaches.

Answered: 1 week ago