Question
Compute the firms debt ratio and current ratio: Income Statement Balance Sheet Sales $102,500 Cash $40,000 Cost of Goods $50,000 Fixed Assets $55,000 SG&E Expenses
| Compute the firms debt ratio and current ratio:
Income Statement |
|
|
Balance Sheet |
|
| Sales | $102,500 |
| Cash | $40,000 |
| Cost of Goods | $50,000 |
| Fixed Assets | $55,000 |
| SG&E Expenses | $35,000 |
| Total Assets | $95,000 |
| EBIT | $17,500 |
| Accounts Payable | $12,000 |
| Interest Expense | $2,500 |
| Long-term Debt | $25,000 |
| Taxes | $6,000 |
| Retained Earnings | $28,000 |
| Net Income | $9,000 |
| Paid-in Common Equity | $30,000
|
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Fundamentals Of Financial Management Concise
Authors: Eugene F. Brigham, Joel F. Houston
11th Edition
0357517717, 9780357517710
