Question
A firm has the following accounts and financial data for 2020: Note: the company does not have preferred stocks . Current Assets 85000 Quick ratio
A firm has the following accounts and financial data for 2020:
Note: the company does not have preferred stocks.
| Current Assets 85000 |
| Quick ratio 1.4 |
| Current liabilities 35000 |
| Sales 1500000 |
| Gross profit 800000 |
| Long term debt 25000 |
| Retained earnings2019 250000 |
| Retained earnings2020 270000 |
| Common stock equity 100000 |
| Net profit margin 13% |
Find the following:
Inventory
Answer for part 1
Cost of goods sold
Answer for part 2
Inventory turnover
Answer for part 3
Total assets
Answer for part 4
Debt to equity ratio
Answer for part 5
Earnings available for common stockholders
Answer for part 6
Dividend paid in 2020
Answer for part 7
ROA
Answer for part 8
Step 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
The Art Of Tehnical Analysis
Authors: Strahinja Osmokrovic
1st Edition
979-8852314680
