Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For 2020 and 2019 respectively, calculate net profit margin, interest expense (S), and interest coverage ratio. Calculate for 2020 and 2019 respectively, the cash ratio,

  1. For 2020 and 2019 respectively, calculate net profit margin, interest expense (S), and interest coverage ratio.
  2. Calculate for 2020 and 2019 respectively, the cash ratio, current ratio, quick ratio,NWC to TA, interval ratio (or BDI), and NWC (S).
  3. Market value of stock = number of shares * price per share for 2020. Book value of equity = common stock and paid in surplus + retained earnings in 2020
image text in transcribed
INCOME STATEMENT Net Sales Cost of Goods sold Depreciation Selling \& Administrative Expenses Earnings Before Interest and Taxes Interest Paid Taxable Income Taxes (40%) Net Income Dividends Addition to Retained Eamings Table 2 BALANCE SHEET ASSETS Cash Accounts Receivable Inventories Total Current Assets NWC Gross Fixed Assets Accumulated Depreciation Net Ficed Assets Total Assets LIABILITIES \& EQUITY Accounts Payable Notes Payable Total Current Liablities Long-term Debt Common-stock and Paid in Surplus (200.000 shares outstanding) Relained Eamings Tota1 \begin{tabular}{rr|r} 2020 & 2019 \\ 2,050,000 & 1,678,894 \\ 1,537,500 & 1,343,115 \\ 79,000 & 51,000 \\ 40,000 & 32,945 \\ 393,500 & 251,834 \\ & \\ 155,000 & 44,000 \\ 238,500 & 207,834 \\ 95,400 & 83,134 \\ 143,100 & 124,700 \\ 42,930 & 37,410 \\ 100,170 & 37,290 \end{tabular} 2020 2019 5,000 540.000 40.000 1,300,450 650,000 1.845450 890,000 950.450 535.000 1,300,000 510.000 232000 153,000 1.068 .000 357,000 \begin{tabular}{|} \hline 2.913.4501.247.000 \\ \hline \end{tabular} \begin{tabular}{|l|} 145.000 \\ 750,000 \\ 895.000 \end{tabular}55,000300.000355,000 1.226 .280 200.000 \begin{tabular}{|r|r|} \hline 600.000 & 600.000 \\ 192,170 & 92.000 \\ \hline 2.913 .450 & 1247.000 \\ \hline \end{tabular}

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

Practical Auditing Techniques For ISO/TS 16949

Authors: Raymond Ness

1st Edition

978-0595273126

More Books

Students also viewed these Accounting questions

Question

Explain class distinctions in the United States and India.

Answered: 1 week ago

Question

Define Management or What is Management?

Answered: 1 week ago

Question

What do you understand by MBO?

Answered: 1 week ago

Question

What is meant by planning or define planning?

Answered: 1 week ago