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complete the following financal statement so the one below 3. Ms. Hampton was not satisfied with Q CORP's performance. She believed that the company
" complete the following financal statement" so the one below
3. Ms. Hampton was not satisfied with Q CORP's performance. She believed that the company could achieve the following ratios: Q CORP CHAIR COMPANY MS. HAMPTON'S TARGET RATIOS 45.0% Net profit margin Dividend payout Market price Dividend yield $15.00 Gross profit margin 5.2% Return on assets Number of shares outstanding Return on equity 18,000 Inventory turnover 13.7% Operating profit margin Long-term debt/equity 27.3% 551.0% 407.3% Accounts receivable collection period Accounts payable payment period Current ratio Acid-test ratio Tax rate Using Ms. Hampton's target ratios for Q CORP, complete the following target financial statements: Q CORP CHAIR COMPANY MS. HAMPTON'S REVISED FINANCIAL STATEMENTS Income Statement. Sales Cost of sales Gross profit Selling, general, and administrative expenses Operating profit (EBIT) Interest Barnings before taxes Taxes Net income Balance Sheet Cash Accounts receivable Inventory Total current assets Net property, plant, and equipment Total assets Accounts payable Other current liabilities Total current liabilities Long-term debt Total liabilities Owners' equity Total liabilities and owners' equity Dividends per share 5.1% 27.6% 9.4% 733.3% 8.7% 92.5 days 28.7 days 34.0% Step by Step Solution
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