Question
Bosch Corporation Income Statement For the Year Ending December 31, 201X Bosch Corporation Balance Sheet December 31, 201X ASSETS Current Assets: Cash $ 50,000 Marketable
Bosch Corporation Income Statement For the Year Ending December 31, 201X Bosch Corporation Balance Sheet December 31, 201X ASSETS Current Assets: Cash $ 50,000 Marketable Securities 30,000 Accounts Receivable (Net) 300,000 Inventory 200,000 Total Current Assets 580,000 Investments 100,000 Plant and Equipment 420,000 Total Assets $ 1,100,000 LIABILITIES AND STOCKHOLDERS EQUITY Current Liabilities: Accounts Payable $ 100,000 Notes Payable 50,000 Accrued Taxes 30,000 Total Current Liabilities 180,000 Long-Term Liabilities: Bonds Payable $ 300,000 Total Liabilities 480,000 Stockholders' Equity: Preferred Stock, $100 par value 200,000 Common Stock, $5 par value 100,000 Common paid in excess of par 100,000 Retained Earnings 220,000 Total Stockholders' Equity $ 620,000 Total Liabilities and Equity $ 1,100,000 Sales (on credit) $ 2,000,000 Less: Cost of Goods Sold 1,200,000 Gross Profit 800,000 Less: Selling and Admin Expenses 450,000 Operating Profit (EBIT) 350,000 Less: Interest Expense 25,000 Earnings before Taxes (EBT) 325,000 Less: Taxes 130,000 Earnings after Taxes (EAT) $
Compute the following ratios using the Bosch Corporation Income Statement and Balance Sheet Bosch Corporation Income Statement and Balance Sheet - Alternative Formats in Excel (preferred) or Word and submit the completed activity.
This Activity is worth 100 points, each ratio is worth 20 points each.
1) Return on Assets
2) Receivables Turnover
3) Current Ratio
4) Profit Margin
5) Times Interest Earned
Step by Step Solution
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Step: 1
The given Balance Sheet and Income Statement is as follows Liabilities Amount Assets Amount Stockhol...Get Instant Access to Expert-Tailored Solutions
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Step: 2
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