Question
Given the financial information for Megan Avenue Corporation as follow:- Income Statement for the year ended 31 December 2020 Sales 45,998 Cost of Good Sold
Given the financial information for Megan Avenue Corporation as follow:-
Income Statement for the year ended 31 December 2020
Sales |
| 45,998 |
Cost of Good Sold |
| (17,889) |
Gross Profit |
| 28,109 |
Operating expenses |
|
|
Selling , general and administrative expenses | (16,426) |
|
Depreciation expenses | (1,976) | (18,402) |
Operating Income |
| 9,707 |
Interest expenses |
| (483) |
Profit before tax |
| 9,224 |
Income tax expenses |
| (2,126) |
Profit after Tax |
| 7,098 |
Balance Sheet as at 31 December 2020
Cash |
| 21,675 |
Account receivable |
| 4,466 |
Inventory |
| 3,100 |
Other current assets |
| 3,745 |
Total Current assets |
| 32,986 |
Gross Plant and Equipment | 26,674 |
|
Accumulated depreciation | (12,041) |
|
Net plant and Equipment |
| 14,633 |
Long term investment |
| 13,625 |
Goodwill, Trademark & Other intangible assets |
| 30,779 |
Total Assets |
| 92,023 |
|
|
|
Accounts payable | 9,634 |
|
Short-term notes payable | 22,740 |
|
Total Current liabilities |
| 32,374 |
Long term debt |
| 29,329 |
Total Liabilities |
| 61,703 |
|
|
|
Common stock (par value) |
| 1,760 |
Paid-in capital |
| 13,154 |
Retained earnigs |
| 63,408 |
Treasury stock |
| (48,002) |
Total stockholder equity |
| 30,320 |
Total Liabilities and Equity |
| 92,023 |
Required
Calculate the ratio
- Gross profit margin
- Profit margin
- Current ration
- Acid test ratio
- Day in receivables
- Account receivable turnover
- Day in inventory
- Inventory turnover
- Return on investment
- Return on equity
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