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Cash $30,000 $25,000 Marketable securities 20,000 25,000 Accounts receivable (net) 40,000 25,000 Inventory 60,000 55,000 Prepaid expenses 16,000 10,000 Property, plant, and equipment 234,000 200,000

Cash $30,000 $25,000
Marketable securities 20,000 25,000
Accounts receivable (net) 40,000 25,000
Inventory 60,000 55,000
Prepaid expenses 16,000 10,000
Property, plant, and equipment 234,000 200,000
Total assets $400,000 $340,000
Liabilities and Stockholders' Equity
Current liabilities $60,000 $50,000
Long-term liabilities 100,000 90,000
Stockholders' equity 240,000 200,000
Total liabilities and stockholders' equity $400,000 $340,000
Anders Corporation
Income Statement
Net sales $250,000 $150,000
Cost of goods sold 120,000 80,000
Gross margin $130,000 $70,000
Selling and administrative expenses $16,000 $10,000
Interest expense 8,000 5,000
Income taxes expense 26,000 15,000
Net income $ 80,000 $ 40,000

What is profit margin?

What is accounts receiveable turnover

inventory turnover?

return on assets?

asset turnover?

current ratio?

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