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Assets Liabilities & Stockholders' Equity During the year the company earned a gross profit of $ 1 , 1 1 6 , 0 0 0
Assets Liabilities & Stockholders' Equity During the year the company earned a gross profit of $ on sales of $ Accounts receivable, inventory, and plant
assets remained almost constant in amount throughout the year, so yearend figures may be used rather than averages.
a Compute the current ratio. Round your answer to decimal place.
b Compute the quick ratio. Round your answer to decimal place.
c Compute the working capital.
d Compute the debt ratio. Round your percentage answers to nearest whole percent. ie as
e Compute the accounts receivable turnover all sales were on creditRound your answer to decimal places.
f Compute the inventory turnover. Round your answer to decimal places.
g Compute the book value per share of capital stock. Round your answer to decimal places.
Cash $ Notes payable due in months $
Accounts receivable Accounts payable
Inventory Longterm liabilities
Prepaid expenses Capital stock, $ par
Plant & equipment net Retained earnings
Other assets
Total $ Total $
During the year the company earned a gross profit of $ on sales of $ Accounts receivable, inventory, and plant assets remained almost constant in amount throughout the year, so yearend figures may be used rather than averages.
a Compute the current ratio. Round your answer to decimal place.
b Compute the quick ratio. Round your answer to decimal place.
c Compute the working capital.
d Compute the debt ratio. Round your percentage answers to nearest whole percent. ie as
e Compute the accounts receivable turnover all sales were on creditRound your answer to decimal places.
f Compute the inventory turnover. Round your answer to decimal places.
g Compute the book value per share of capital stock. Round your answer to decimal places.
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