Question
Data for BikeNet Logistics most recent balance sheet and income statement is presented below: Sales $723,000 Cost of goods sold 614,550 Interest expense 33,000 Net
| Data for BikeNet Logistics most recent balance sheet and income statement is presented below: | ||||
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| Sales | $723,000 |
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| Cost of goods sold | 614,550 |
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| Interest expense | 33,000 |
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| Net income | $ 75,450 |
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| Cash & Mkt securities | $ 120,000 |
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| Accts Receivables | 210,000 |
| Accounts payable | $ 92,000 |
| Inventories | 183,000 |
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| Long-term debt | 100,000 |
| Net fixed assets | 320,000 |
| Common equity | 641,000 |
| Total assets | $833,000 |
| Total liab. and equity | $833,000 |
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Compute BikeNets current ratio and financial leverage ratio A) Current ratio: 5.58, LEV: 1.30 B) Current ratio: 5.58, LEV: 1.12 C) Current ratio: 3.59, LEV: 1.30 D) Current ratio: 4.34, LEV: 1.00
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Finance And Security Global Vulnerabilities Threats And Responses
Authors: Martin S. Navias
1st Edition
1787381366, 978-1787381360
