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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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