Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

find the missing values with explanation Consider the following data given in random order for GD Inc. at December 31, 2018, the end of its

image text in transcribedfind the missing values with explanation

Consider the following data given in random order for GD Inc. at December 31, 2018, the end of its fiscal year: Revenues 800.000 Cash 200.000 Accounts receivable 250.000 Salary expenses 120.000 Salary payable Current ratio 1001 Property, plant and equipment Depreciation 10.000 Dividends Opening Retained Eamings 300.000 Inventory 500.000 Cost of sales 40% Interest expense/ rate 1094 Long-term investments bonds) 200 000 Other operating expenses Interest coverage rate Long-term debe Ossued Jan 1, 2005) 500 000 Common shares 600.000 Current liabilities salary payable Ending Retained Emmings No other balance sheet or income statement accounts Return on total assets 59 Income tax rate 1) Prepare a Balance Sheet, Income Statement and Statement of Retained Earnings 2) Analyze the Company based on the ratios below. 3 Additional information: Competitor Averages Current Ratio Long-term Debt/ Equity Interest Coverage Proft Margin ROE ROA Inventory bumover Fixed asset tumover Cash Conversion Cycle 1296 143 8% 1.5x 75 days

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_2

Step: 3

blur-text-image_3

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

Accounting Tools For Business Decision Making

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

4th Edition

0470534788, 978-0470534786

More Books

Students also viewed these Accounting questions

Question

Describe effectiveness of reading at night?

Answered: 1 week ago

Question

find all matrices A (a) A = 13 (b) A + A = 213

Answered: 1 week ago