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 1.51
A firm has the following accounts and financial data for 2020: Note: the company does not have preferred stocks. Current Assets 85000 Quick ratio 1.51 Current liabilities 29000 Sales 1500000 Gross profit 900000 Long term debt 30000 Retained earnings2019 160000 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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