Question
C) Use information in the below table to compute the following ratios for 2002. a: Current ratio b: Quick ratio c: Account Receivable turnover d:
C) Use information in the below table to compute the following ratios for 2002.
a: Current ratio | b: Quick ratio | c: Account Receivable turnover |
d: Debt to Equity | e: Return on equity | f: Gross Profit margin |
g: Earnings per share | h: Market Price per Share |
|
In Dollars | 2002 | 2001 |
Sales | 800,000 | 600,000 |
Cost of goods sold | 600,000 | 500,000 |
Net income | 90,000 | 75,000 |
|
|
|
Cash | 75,000 | 55,000 |
Account Receivable | 87,000 | 81,000 |
Inventories | 65,000 | 75,000 |
|
|
|
Fixed Assets | 20,000 | 18,000 |
|
|
|
Current Liabilities | 54,810 | 51,000 |
Long term Liabilities | 50,000 | 25,000 |
|
|
|
Shareholders Equity | 179,690 | 120,000 |
|
|
|
Preferred dividends | 0 | 0 |
|
|
|
Shares of common stocks | 150,000 | 150,000 |
Price-Earnings ratio (P/E) | 3.0 | 2.8 |
Step 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