Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Below are FMT Corporation Financial statement. Compute for the following financial ratio. 5.1 Current ratio 5.2 Debt to equity ratio 5.3 Return on Asset 5.4
Below are FMT Corporation Financial statement. Compute for the following financial ratio.
5.1 Current ratio
5.2 Debt to equity ratio
5.3 Return on Asset
5.4 Return on Equity
5.5 Inventory Turnover ratio
FMT Corp STATEMENT OF FINANCIAL POSITION AS OF DECEMBER 31, 2019 ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY Current Assets Current Liabilities Cash 420.000.00 Trade and other payables 620.000.00 Trading Securities 250.000.00 Notes payable 500.000.00 Trade and other receivables 620.000.00 Total Current liabilities 1.120.000.00 Inventories 1.250.000.00 Prepaid Expenses 20.000.00 Noncurrent liabilities Total Current Assets 2.560.000.00 Bonds payable 2.000.000.00 Noncurrent Assets Shareholders' equity Property, plant and equipment 4.640.000.00 Equity capital (Common) 5.000.000.00 Long-term investments 2.000.000.00 Equity capital (Preferred) 500.000.00 Intangible assets 300.000.00 Retained Earnings 880.000.00 Total noncurrent assets 6.940.000.00 Total Shareholders' equity 6.380.000.00 TOTAL LIABILITIES AND TOTAL ASSETS 9.500.000.00 SHAREHOLDERS' EQUITY 9,500,000.00FMT Corp Income Statement Year Ended 2019 Net sales revenue 7,700,000.00 Cost of goods sold 5,000,000.00 Gross income 2,700,000.00 Other income 400,000.00 Total income 3,100,000.00 Expenses: Distribution costs 950,000.00 Administrative expenses 800,000.00 Other expenses 100,000.00 Total 1,850,000.00 Income before tax 1,250,000.00 Income tax 250,000.00 Net income P 1,000,000.00Step 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