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By using the information provided prepare formatted balance sheet, income statement and calculate the missing values in the financial statements of the company and missing
By using the information provided prepare formatted balance sheet, income statement and calculate the missing values in the financial statements of the company and missing financial ratios.
Accounts payable 6,700 Accounts receivable 6,900 Accrued wages and taxes 1,100 Cash and marketable securities 4,000 Common stock and paid-in 15,500 Cost of goods sold 53,200 Depreciation expense 500 Dividends paid 560 Interest expense 1,000 Inventory Long-term debt Net plant and equipment 21,100 Net sales 65,400 Notes payable 4,900 Operating Expenses 8,700 Other long-term assets 11,000 Retained earnings Tax expense 600 2020 1.5118 Current ratio Quick ratio Inventory turnover ratio Total asset turnover ratio Total debt ratio Industry Average 2020 1.9 times 1.1 times 8.0 times 1.4 times 0.6 times 6.4096 0.6374 Times interest earned Profit margin ROA EPS 6.6 times 2.30% 3.20% 1.3000Step by Step Solution
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