BA$1120$ Practice Questions

Question $3$

The $2023$ financial statements for Kassandra Corp are as follows:

Assume all sales were on credit and long$-$term note payable is due in $2026,$ with no current portion.

December $31,2022,$ the balance sheet totalled $$432,720,$ common shares were $$192,000$ and retained

earnings were $$107,640.$

Required: Calculate the following:

a$)$ Current ratio

b$)$ Quick ratio

c$)$ Days' sales uncollected

d$)$ Inventory turnover

e$)$ Days' sales in inventory

f$)$ Ratio of pledged plant assets to secured liabilities

g$)$ Times interest earned

h$)$ Profit margin

i$)$ Total asset turnover

ji$.$return on total asset

k$)$ Return on common shareholders' equity