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Filzin III. PROBLEM SOLVING. COMPLETE THE FOLLOWIN PROVIDED. ALL COMPUTATIONS ARE REQUIRED TO VALIDATE ALL THE POINTS. (3 points each) G PROBLEMS IN THE SPACE
Filzin III. PROBLEM SOLVING. COMPLETE THE FOLLOWIN PROVIDED. ALL COMPUTATIONS ARE REQUIRED TO VALIDATE ALL THE POINTS. (3 points each) G PROBLEMS IN THE SPACE The condensed balance sheet and income statement for Marjoram Company are presented belovw am Company- Balance Sheet At December 31. 2016 $19,000 35,000 Temporary investments in marketable securities 48,400 70,600 250,000 12.400 $435,400 ts receivable (net) se inventory plant, and equipment (net tangible assets Total assets nt urrent liabilities $108,400 100,000 70,000 157.000 $435.400 l 1% Bonds payable., long-term id-in capital Retained earnings Total liabilities and equity Compute the following ratios for Marjoram. Round to o decimal places: Marjoram Company Income Statement a. Current ratio For the Year ended December 31, 2016 ales $704,000 b. Quick ratio c. Times interest earned ratio d. Return on sharesholder's equity ratio e. Debt to equity ratio: ost of goods sold 422,400 $281,600 66.200 profit perating expenses perating income $115,400 nterest expense come before income taxes $104,400 31.320 $73.080 ncome taxes Net income
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