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give me the process Ch f 3 activity The following ratios have been computed for Reit Company for 2007. profit margin ratio Times interest earned
give me the process
Ch f 3 activity The following ratios have been computed for Reit Company for 2007. profit margin ratio Times interest earned Receivable turnover ratio 20% 12 times 5 times Acid-test ratio Current ratio Debt to total assets ratio The 2007 financial statements for Reit Company with missing information follows: Cash Marketable securities Accounts receivable (net) Inventory Property, plant. and equipment (net) Total assets Accounts payable Short-term notes payable Bonds payable Common stock Retained earnings REIT COMPANY Comparative Balance Sheet December 31 , _2QQZ_ $ 25.000 15,000 Liabilities and stockholders' eguitv 35,000 200.000 Total liabilities and stockholders' equity.. (6) (9) (7) (10) (11) 1.411 251 24% $ 35.000 15.000 50.000 50.000 $25,000 30.000 20,000 200.000 .1Q.9QQ $200,000 100,000 Net sales Cost of goods sold Gross profit.. Expenses: Depreciation expense . Interest expense Selling expenses Administrative expenses Total expenses Income before income taxes . Income tax expense Net incorne . Instructions REIT COMPANY Income Statement For the Year Ended December 31. 2007 5.000 10.000 EQQQ use the above ratios and information from the Reit Company financial statements to fill in the missing information on the financial statements. Follow the sequence indicated. Show computations that support your answers.
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