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3-36 (Algo) Comparing all the ratios [LO3-2] Using the financial statements for the Jackson Corporation, calculate the 13 basic ratios found in the chapter. Jackson
3-36 (Algo) Comparing all the ratios [LO3-2] Using the financial statements for the Jackson Corporation, calculate the 13 basic ratios found in the chapter. Jackson Corporation Balance Sheet December 31, 20X1 Assets Current assets: Cash $ 55,600 Marketable securities 22,000 Accounts receivable (net) 198,000 Inventory 239,000 Total current assets $ 514,600 Investments 62,400 Plant and equipment $ 683,000 Less: Accumulated depreciation 216,000 Net plant and equipment 467,000 Total assets $ 1,044,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 94,600 Notes payable 72,800 Accrued taxes 12,800 Total current liabilities $ 180,200 Long-term liabilities: Bonds payable 150,400
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