Question
Balance Sheet Current assets Cash 820,000 Acc receivable not given Inventories 1,090,000 Fixed assets 3,400,000 TOTAL ASSETS 6,800,000 Current liabilities Acc payable not given Long-term
Balance Sheet
Current assets
Cash 820,000
Acc receivable not given
Inventories 1,090,000
Fixed assets 3,400,000
TOTAL ASSETS 6,800,000
Current liabilities
Acc payable not given
Long-term debt 2,000,000
Common stock 950,000
Retained earnings 3,390,000
TOTAL LIAB and EQUITY 6,800,000
Income Statement
Sales 20,400,000
Operating expense 16,120,000
EBIT 4,280,000
Interest expense 280,000
EBT 4,000,000
Taxes 1,600,000
Net income 2,400,000
What is the firm's debt ratio?
What is the firm's days sales outstanding?
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
9th edition
1-119-49356-3, 1119493633, 1119493560, 978-1119493631
