Question
3) The following information relates to Bennett Corporation. Account Current year Prior year Net sales (all credit) $529,250 $499,500 Cost of goods sold $379,575 $353,600
3) The following information relates to Bennett Corporation. Account Current year Prior year Net sales (all credit) $529,250 $499,500 Cost of goods sold $379,575 $353,600 Gross profit $149,675 $145,900 Income from operations $95,500 $79,900 Interest expense $23,500 $19,500 Net income $57,385 $51,600 Cash $26,000 $15,900 Accounts receivable, net $33,800 $23,340 Inventory $42,000 $30,300 Prepaid expenses $2,000 $1,500 Total current assets $103,800 $72,040 Total long-term assets $62,000 $38,000 Total current liabilities $46,000 $41,600 Total long-term liabilities $20,000 $22,700 Common stock, no par, 4,990 shares, value $50/share $30,000 $30,000 Required:
e-)What is the price-earnings ratio for the current year?
f-)What is the rate of return on total assets for the current year?
g-)What is the times-interest-earned ratio for the current year?
h-)What is the current ratio for the current year?
you have full question on chegg but i need the answer for the provided question above
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