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36. Comparing all the ratios (LO2) Using the financial statements for the Jackson Corporation, calculate the 13 basic ratios found in the chapter. JACKSON
36. Comparing all the ratios (LO2) 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........... $ 52.200 Marketable securities, Accounts receivable (net).. Inventory.. 24,400 222,000 238,000 Total current assets. $536,000 Investments...... 65,900 Plant and equipment... 615,000 Less: Accumulated depreciation. (271,000) Net plant and equipment. 344,000 Total assets........ $946.500 Liabilities and Stockholders' Equity Current liabilities Accounts payable. $93,400 Notes payable, 70,600 Accrued taxes, I 17.000 Total current liabilities. 181,000 Long-term liabilities: Bonds payable....... $153.200 Total liabilities $334,200 Stockholders' equity Preferred stock, $50 per value... 100,000 Comment 1 on non
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