Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 2 Selected comparative financial statement data for DFRT inc. Balance Sheet (En milliers de dollars) 2017 2018 Assets Assets CT -Cash - Accounts Receivable

image text in transcribed
image text in transcribed
Exercise 2 Selected comparative financial statement data for DFRT inc. Balance Sheet (En milliers de dollars) 2017 2018 Assets Assets CT -Cash - Accounts Receivable - inventories - Prepaid Insurance Total Assets CT Assets LT - Building - Land Total Assets LT Total de Assets 8 346 70456 124589 759 204 150 10 256 76 548 120 856 1025 208 685 140 425 16 256 156 681 360 831 145 856 12 748 158 604 367 289 Laibilities Laibilities CT - toan CT - Accounts Payable - Taxes payable - Notes Payable Total de laibilities CT Laibilities LT -Loan LT Owner's Equity Capital -Retained earnings 5263 57651 3256 12458 78 628 4256 62513 4236 14632 85637 86 579 66174 60 000 135 624 60 000 155 478 Total laibilities and Owners Equity 360 831 367289 Statement of Net income (2017-2018) 2017 2018 Net Sales 535 965 823654 Cost of les 412563 512865 Gross profit Selling, general, and administ 84 562 93254 Profit before income tax Income tax 5324 28513 Profit 1. Calculete the ratios, Explain? 1. Current Ratio 2- Debt to total Assets 3. Gross profit Margin 4- Profit Margin 5. Earnings per Shar (Number of common shares: 14 000)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Joe Ben Hoyle, Timothy S. Doupnik, Thomas F. Schaefer, Oe Ben Hoyle

9th Edition

007337945X, 978-0073379456

More Books

Students also viewed these Accounting questions