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ACCOUNTING PROBLEM: Make the following calculations for the year 2022: (16 points) (SEE FINANCIAL STATEMENT BELOW) a) Current Ratio b) Acid test Ratio c) Receivable

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ACCOUNTING PROBLEM:

Make the following calculations for the year 2022: (16 points) (SEE FINANCIAL STATEMENT BELOW)

a) Current Ratio

b) Acid test Ratio

c) Receivable turnover

d) Average collection period

e) Profit Margin

f) Payout Ratio

g) Debt to Total Assets

?

image text in transcribed
lll PROBLEMS (36 puntos) The following are the nancial statements of Swanson Wm Company Income Statement For the Years ended December 31, 2022 M Net Sales (credit) $650,000.00 $520,000.00 Expenses Cost of Goods Sold 415,000.00 w Sales and Administrative 150,800.00 w Interest Expense 7,200.00 6,000.00 Income Tax Expense 18,000.00 14,000.00 Total Expenses $591,000.00 $488,800.00 Net Income W W Swanson Company Comparative Balance Sheets As of December 31, Assets M M Current Assets Cash $ 41,000.00 $18,000.00 Short Term Investments 18,000.00 Am Account Receivable(net) 92,000.00 74,000.00 Inventory 84 000.00 70,000.00 Total Current Assets $235,000.00 $177,000.00 Property, Plant and Equipment (net) $403,000.00 $383,000.00 Total Assets W W Liabilities and Stockholder's Equity Current Liabilities Accounts Payable $112,000.00 $110,000.00 Taxes Payable 23,000.00 20,000.00 Total Current Liabilities $135,000.00 $ 130,000.00 Long Term Liabilities Bonds Payable w 80,000.00 Total Liabilities $265,000.00 $210,000.00. Stockholder's Equity Common Stock ($5 Par value) 150,000.00 w Retained Earnings 223 000.00 w Total Stockholder's Equity $373,000.00 $350,000.00 Total Liabilities & Stockholder's Equity W HEM Durante el 2022 la corporacion pago dividendo en efectivo por $36,000.00. Make the following calculations for the year 2022: (16 points) a) Current Ratio b) Acid test Ratio c) Receivable turnover d) Average collection period e) Profit Margin f) Payout Ratio I) Debt to Total Assetsl

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