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can you please help me answer the following questions! Use Electronic City's financial statements to answer Electronic City questions 14-18. Balance Sheet (in Thousands) 14)

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can you please help me answer the following questions!

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Use Electronic City's financial statements to answer Electronic City questions 14-18. Balance Sheet (in Thousands) 14) Calculate Electronic City's quick ratio: Asets A| 0.220 Cash & Cash Equivalents $ 1,245 B) 0.464 Accounts Receivable 4,562 C) 2.538 Inventory 5,944 D) 2.678 Other Current Assets 320 E) 5.276 Total Current Assets $ 12,071 Buildings $ 22,968 Answer Other Fixed Assets 6,322 Accumulated Depreciation $ (14,971) 15) Calculate Electronic City's return on assets (ROA]: Net Fixed Assets $ 14,319 A) 3.14% Total Assets $ 26,390 B) 4.11%% () 5.97% Debt D) 9.10% Accounts Payable 792 E) 11.92% Accrued Expense 1,049 5 447 Answer Short-Term Notes Total Current Liabilities $ 2,288 16) Calculate Electronic City's inventory tumover. Long-Term Debt $ 10,220 A| 0.764 Total Liabilities $ 12,508 B) 1017 Equity C) 1.277 Common Stock - Par Value ($5/Share) $ 10,000 D) 1408 Paid-In Capital 2,733 E) 3.391 Retained Earnings 1,149 Total Equity $ 13,882 Answer Total Liabilities & Equity $ 26,390 17) Calculate Electronic City's average tax rate if the interest expense is 10% of long-term debt. Income Statement (in Thousands) A) 27.11%% B) 28.09%% Cash Sales $ 12,567 C) 39.06% Credit Sales 7,589 D) 40.00% Total Sales $ 20,156 E) 66.65% Cost of Goods Sold 6,047 Gross Profits $ 14,109 Answer Operating Expenses Mareketing Expens $ 5,000 18) Calculate Electronic City's earnings per share (EPS]: Labor Expense 5 4,598 (Hint: You need to find out how many shares are G & A Expense 1,343 outstanding) Depreciation Expen $ 766 A) $-1.20 Total Operating Expense $ 11,707 BJ $0.41 Operating Income (EBIT) $ 2,402 C) $0.83 Interest Expense D) $1.20 Earnings Before Taxes E) $2.40 Taxes Net Income 828

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