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Changes in Various Ratios Presented below is selected information for Brimmer Company; 2016 2015 920,000 $840,000 Sales revenue Cost of goods sold Interest expense Income
Changes in Various Ratios Presented below is selected information for Brimmer Company; 2016 2015 920,000 $840,000 Sales revenue Cost of goods sold Interest expense Income tax expense Net income Cash flow from operating activities65,000 Capital expenditures 575,000 545,000 20,000 20,000 27,000 30,000 61,000 52,000 55,000 45,000 45,000 Accounts receivable (net), December 31 126,000 120,000 Inventory, December 31 196,000 160,000 Stockholders equity, December 31 450,000 400,00 Total assets, December 31 750,000 675,000 Required Calculate the following ratios for 2016. The 2015 results are given for comparative purposes. Round answers to one decimal place. Use B65 days in a year
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