Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Art Of Tehnical Analysis

Authors: Strahinja Osmokrovic

1st Edition

979-8852314680

More Books

Students also viewed these Finance questions