Question
Accounts 2021 2022 Cash $45.00 $50.00 A/R $300.00 $242.00 Inventory $239.00 $321.00 Total $584.00 $613.00 Net Fixed Assets $1,000.00 $1,200.00 Total Assets $1,584.00 $1,813.00 Accounts
| Accounts | 2021 | 2022 |
|---|---|---|
| Cash | $45.00 | $50.00 |
| A/R | $300.00 | $242.00 |
| Inventory | $239.00 | $321.00 |
| Total | $584.00 | $613.00 |
| Net Fixed Assets | $1,000.00 | $1,200.00 |
| Total Assets | $1,584.00 | $1,813.00 |
| Accounts | 2021 | 2022 |
|---|---|---|
| Accounts Payable | $346.00 | $199.00 |
| Notes Payable | $150.00 | $125.00 |
| Total | $496.00 | $324.00 |
| Long-Term Debt | $500.00 | $750.00 |
| Common Stock | $400.00 | $400.00 |
| Retained Earnings | $188.00 | $339.00 |
| Total Liabilities & Equity | $1,584.00 | $1,813.00 |
| Accounts | 2021 | 2022 |
|---|---|---|
| Sales | $1,867.00 | |
| Cost of Goods Sold | $1,493.60 | |
| Depreciation | $200.00 | |
| EBIT | $173.40 | |
| Interest | $40.00 | |
| Taxes | $69.36 | |
| Net Income | $64.04 |
Questions
- What is the Current Ratio for 2022?
- What is the Quick Ratio for 2022?
- What is the Times Interest Earned (TIE) for 2022?
- What is the Debt to Equity (D/E) Ratio for 2021?
- What is the Debt to Equity (D/E) Ratio for 2022?
- What is the Profit Margin (PM) for 2022? (Answer in % format to two decimals)
- What is the Total Asset Turnover (TAT) for 2022?
- What is the Equity Multiplier (EM) for 2022?
- What is the Return on Equity (ROE) for 2022? (Answer in % format to two decimals)
- What is the Return on Assets (ROA) for 2022? (Answer in % format to two decimals)
DO NOT round until after all calculations have been completed. For the final answer, Round to 4 decimal places.
If the number is a decimal less than one, please answer starting with a zero. For example, if the answer is .1234, then answer as 0.1234.
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
22nd Edition
324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844
