Question
Analyze the following financial data for SkyTech Ltd. for the fiscal year ended September 30, 2023: Income Statement Amount Revenue $1,200,000 Cost of Goods Sold
Analyze the following financial data for SkyTech Ltd. for the fiscal year ended September 30, 2023:
Income Statement | Amount |
Revenue | $1,200,000 |
Cost of Goods Sold | $720,000 |
Operating Expenses | $300,000 |
Interest Expense | $40,000 |
Tax Expense | $28,000 |
Balance Sheet | Amount |
Current Assets | $250,000 |
Total Assets | $600,000 |
Current Liabilities | $120,000 |
Long-term Debt | $180,000 |
Shareholders' Equity | $300,000 |
Requirements: a. Compute the current ratio. b. Calculate the net profit margin. c. Determine the return on assets. d. Evaluate the debt to equity ratio. e. Analyze the company's interest coverage ratio.
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