Question
BMC CORPORATION INCOME STATEMENT FISCAL YEAR ENDING 12/31/2004 (DOLLARS IN THOUSANDS) Net Sales $1025 Cost of Goods Sold 682 Gross Profit Margin 343 Depreciation 31
BMC CORPORATION INCOME STATEMENT
FISCAL YEAR ENDING 12/31/2004
(DOLLARS IN THOUSANDS)
Net Sales $1025
Cost of Goods Sold 682
Gross Profit Margin 343
Depreciation 31
Operating Expense 103
Administrative Expense 127
Operating Profit 82
Interest 27
Profit Before Tax 55
Taxes 17
Net Income $38
BMC CORPORATION BALANCE SHEET
FISCAL YEAR ENDING 12/31/2004
(DOLLARS IN THOUSANDS)
Assets Liabilities
Cash $61 Notes payable $223
Accounts receivables 286 Accounts payable 152
Inventory 354 Accruals 32
Total current assets 701 Total current liabilities 407
Net fixed assets 802 Long term debt 306
Common stock ($1.50 par) 102
Paid in surplus 226
Retained earnings 462
Total liabilities and
Total assets $1503 Stockholders' equity $1503
Calculate and comment of each of the following ratios:
i.Current ratio
ii.Quick or acid-test ratio
iii.Average payment period
iv.Total Assets Turnover
v.Fixed Assets Turnover
vi.Average Collection Period
vii.Inventory Turnover
viii.Profit Margin
ix.Return on Equity
x.Debt Ratio
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