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From this information how would I setup a balance sheet and income sheet to calculate the following: -Working Capital -Current ratio -Acid test Ratio -Accounts
From this information how would I setup a balance sheet and income sheet to calculate the following:
-Working Capital
-Current ratio
-Acid test Ratio
-Accounts receivable Turnover
-Average Collection period
-Inventory Turnover
-Debt to equity Ratio
-Gross margin Percentage
-Net profit margin percenage
-Return on Assets
Accounts Payable Accounts Receivable, net Cash Common Stock, $1 par Cost of Goods Sold Income Tax rate Interest Expense Inventory Marketable Securities Note Payable Plant, Property, & Equipment, net Prepaid expenses Retained Earnings Sales Selling & Administrative Expenses Wages Payable This Year $3,160 $2,021 $960 $5,000 $11,138 30% $792 $3,900 $360 $6,700 $9,300 $200 unknown $13,750 $1,590 $400 Last Year $2,160 $1,600 $1,260 $5,000 $9,900 37% $780 $2,700 $300 $6,500 $8,940 $480 $1,320 $12,480 $1,560 $300Step by Step Solution
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