Question
A firm has the following accounts and financial data for 2020: Note: the company does not have preferred stocks. Current Assets 96000 Quick ratio 1.2
A firm has the following accounts and financial data for 2020:
Note: the company does not have preferred stocks.
Current Assets 96000
Quick ratio 1.2
Current liabilities 36000
Sales 1700000
Gross profit 900000
Long term debt 27000
Retained earnings2019 190000
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
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