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4.4 ABC Corporation balance sheet and income statement are provided. The finanical ratios to be completed are listed below. However, to complete the ratios the

4.4ABC Corporation balance sheet and income statement are provided. The finanical ratios to be completed are listed below. However, to complete the ratios the balance sheet and income statement totals should also be calculated.
ABC Corporation ABC Corporation
Balance Sheet Income Statement
December 31, 20XX As of December 31, 20XX
Assets:
Cash 250 Sales 8600
Accounts receivable 550 Cost of goods sold 2350
Inventories 750 Gross profits ??
Other current assets 200 Operating expenses:
Total current assets ?? Selling and G&A expenses 850
Gross fixed assets 2500 Depreciation expenses 125
Accumulated depreciation -1000 Total operating expenses ??
Net fixed assets 1500 Operating income (earnings before interest and taxes) ??
Total assets ?? Interest expense 50
LIABILITIES (DEBT) AND EQUITY Earnings before taxes ??
Accounts payable 250 Income taxes 300
Short-term notes payable 90 Net Income ??
Total current liabilities ??
Long-term debt 960
Total liabilities ??
Common stock (par & paid in capital) 1000 Other Information
Retained earnings 950 Number of shares (thousands) 240
Total common equity 1950 Dividends (thousands) 175
Total liabilities and equity ?? Market price per share 35
Ratios
Current ratio
Acid-test ratio
Days in receivables
Days in inventories
Operating return on assets
Operating profit margin
Total asset turnover
Fixed asset turnover
Debt ratio
Times interest earned
Return on equity
Earnings per share
Dividends per share
Price/Earnings
Book value per share
Market/Book

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