Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assets 2021 cash $45.00 A/R $156.00 Inventory $170.00 Total $371.00 Net Fixed $1,000.00 Total Assets $1,371.00 2022 cash $50.00 A/R $391.00 Inventory $289.00 Total $730.00
Assets
2021
cash $45.00
A/R $156.00
Inventory $170.00
Total $371.00
Net Fixed $1,000.00
Total Assets $1,371.00
2022
cash $50.00
A/R $391.00
Inventory $289.00
Total $730.00
Net Fixed Assets $1,200.00
Total Assets $1,930.00
Liabilities
2021
Accounts payable $166.00
Notes Payable $150.00
Total $316.00
Long-term Debit $500.00
Common Stock $400.00
Retained Earnings $155.00
Total Liabilities $1,371.00
2022
Accounts Payable $366.00
Notes Payable $125.00
Total $491.00
Long-term Debit $750.00
Common Stock $400.00
Retained Earnings $289.00
Total Liabilities $1,930.00
Sales
2022
sales $1,393.00
Cost of Goods Sold $1,114.00
Depreciation $200.00
EBIT $78.60
Interest $40.00
Taxes $31.44
Net Income $7.16
Round to 4 decimals places.
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? What is the Total Asset Turnover (TAT) for 2022? What is the Equity Multiplier (EM) for 2022? What is the Return of Equity (ROE) for 2022? What is the Return on Assets (ROA) for 2022?
Round to 4 decimal places.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Public Finance
Authors: Harvey S. Rosen
5th Edition
025617329X, 978-0256173291
