Question
DO NOT round until after all calculations have been completed. For the final answer, Round to 4 decimal places. If the number is a decimal
DO NOT round until after all calculations have been completed. For the final answer, Round to 4 decimal places.
If the number is a decimal less than one, please answer starting with a zero. For example, if the answer is .1234, then answer as 0.1234.
| Accounts | 2021 | 2022 |
|---|---|---|
| Accounts Payable | $157.00 | $328.00 |
| Notes Payable | $150.00 | $125.00 |
| Total | $307.00 | $453.00 |
| Long-Term Debt | $500.00 | $750.00 |
| Common Stock | $400.00 | $400.00 |
| Retained Earnings | $152.00 | $69.00 |
| Total Liabilities & Equity | $1,359.00 | $1,672.00 |
| Accounts | 2021 | 2022 |
|---|---|---|
| Sales | $3,368.00 | |
| Cost of Goods Sold | $2,694.40 | |
| Depreciation | $200.00 | |
| EBIT | $473.60 | |
| Interest | $40.00 | |
| Taxes | $189.44 | |
| Net Income | $244.16 |
Questions
- What is the Current Ratio for 2022?
- What is the Quick Ratio for 2022?
- What is the Times Interest Earned (TIE) for 2022?
- What is the Debt to Equity (D/E) Ratio for 2021?
- What is the Debt to Equity (D/E) Ratio for 2022?
- What is the Profit Margin (PM) for 2022? (Answer in % format to two decimals)
- What is the Total Asset Turnover (TAT) for 2022?
- What is the Equity Multiplier (EM) for 2022?
- What is the Return on Equity (ROE) for 2022? (Answer in % format to two decimals)
- What is the Return on Assets (ROA) for 2022? (Answer in % format to two decimals)
Please answer each question precise and organized.
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Financial Accounting an introduction to concepts, methods and uses
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
13th Edition
978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003
