Question
ABC Inc. presents the following financial information for the year ending 30-06-2022: Balance Sheet: Cash: $2,20,000 Accounts Receivable: $5,00,000 Inventory: $8,30,000 Prepaid Expenses: $35,000 Short-term
ABC Inc. presents the following financial information for the year ending 30-06-2022:
Balance Sheet:
Cash: $2,20,000
Accounts Receivable: $5,00,000
Inventory: $8,30,000
Prepaid Expenses: $35,000
Short-term Investments: $4,20,000
Liabilities and Equity:
Accounts Payable: $5,80,000
Short-term Loans: $2,70,000
Long-term Debt: $7,80,000
Common Stock: $11,80,000
Retained Earnings: $6,90,000
Income Statement for the year ending 30-06-2022:
Sales: $58,00,000
Cost of Goods Sold: $33,00,000
Operating Expenses: $9,20,000
Interest Expense: $2,00,000
Tax Rate: 31%
Requirements:
Calculate the current ratio.
Calculate the debt to equity ratio.
Calculate the return on assets.
Calculate the net profit margin.
Calculate the inventory turnover ratio.
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