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Give the following information from the current financial statements of Brampton Corp, calculate any four of the ratios listed below the financial statements. Income Statement
Give the following information from the current financial statements of Brampton Corp, calculate any four of the ratios listed below the financial statements.
Income Statement year ended December
Net sales all on credit
Cast of goods sold
Gross profit on sales
Operating expenses
Operating income
Interest expense
Income before taxes
Income Tax expense
Profit
Balance sheet December
Cash
Marketable securities
Accounts receivable net
Prepaid insurance
Merchandise inventory
Plant Assets net
Accounts payable
Interest payable
Common shares
Retained earnings
A Current ratio.
B Accounts receivable turnover. Assume the beginning of year accounts receivable balance was $
C Days' sales uncollected
Merchandise inventory turnover. Assume the beginning of year merchandise inventory was $
E Times interest earned
F Earnings per share assume Timmins Corp's average common shares outstanding is
G Priceearnings ratio. Assume the company's shares are selling for $ per share.
show the ratio, the calculation and provide a brief description of the meaning of the ratio. Calculate all ratios to two decimal places.
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