Answered step by step
Verified Expert Solution
Question
1 Approved Answer
9.) More less in debt? 10.) Current ratio for 2018? 11.) Current ratio for 2019? 12.) More less liquid? Salza Net sales Less: Cost of
9.) More less in debt?
10.) Current ratio for 2018?
11.) Current ratio for 2019?
12.) More less liquid?
Salza Net sales Less: Cost of goods sold Gross profit Less: Operating expenses Less: Depreciation Less: Interest Income before taxes Less: Income taxes (21%) Net income 2018 2019 $350 $425 -225 -270 $125 $155 -46 -46 -25 -30 -4 -4 $50 $75 $10.50 $15.75 $40 $59 Cash dividends $17 $20 ets as of December 31 (in $ Thousands) 2018 2019 Cash $35 $18 Accounts receivable 50 80- Inventories 151 204 Total current assets $236 $302 Gross fixed assets 200.00 290.00 Less accumulated 95.00 125.00 depreciation Net fixed assets 105.00 165.00 Total assets $341 $467 Accounts payable Bank loan Accrued liabilities Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $26 20 10 $56 15 85 185 $341 $47 27 23 $97 15 120- 235 $467Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started