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Cadex Company has the following financial statements: balance sheet and income statement for the fiscal year 2021 (in thousands): BALANCE SHEET Cash Accounts receivable
Cadex Company has the following financial statements: balance sheet and income statement for the fiscal year 2021 (in thousands): BALANCE SHEET Cash Accounts receivable Inventories Current assets Net fixed assets Total assets Accounts payable Accruals Short-term loans Current liabilities Long-term debt Net worth Total liabilities and net worth $ 400 1,300 2.100 $3,800 3,320 $7.120 $ 320 260 1,100 $1,680 2,000 3,440 $7.120 5. The debt-to-equity ratio. 6. The debt-to-capitalization ratio 7. The gross profit margin. 8. The net profit margin. INCOME STATEMENT Net sales (all credit) Cost of goods sold Gross profit Selling, general, and administration expenses 9. The return on equity ratio. 10. The equity multiplier ratio. Interest expense Profit before taxes Taxes Compute the following based on the above information: 1. The current ratio. 2. The acid-Test Ratio. 3. The Average collection period. 4. The Inventory turnover ratio. Profit after taxes $12,680 8,930 $ 3,750 2,230 460 $ 1,060 390 670
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1 Current Ratio Current Assets Current Liabilities Current Ratio 3800 1680 Current Ratio 226 2 Acid ...Get Instant Access to Expert-Tailored Solutions
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