Question
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
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 | $166.00 | $366.00 |
| Notes Payable | $150.00 | $125.00 |
| Total | $316.00 | $491.00 |
| Long-Term Debt | $500.00 | $750.00 |
| Common Stock | $400.00 | $400.00 |
| Retained Earnings | $155.00 | $289.00 |
| Total Liabilities & Equity | $1,371.00 | $1,930.00 |
| Accounts | 2021 | 2022 |
|---|---|---|
| Sales | $1,393.00 | |
| Cost of Goods Sold | $1,114.40 | |
| Depreciation | $200.00 | |
| EBIT | $78.60 | |
| Interest | $40.00 | |
| Taxes | $31.44 | |
| Net Income | $7.16 |
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)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
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
