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hi I need help answering the following questions The condensed balance sheet and income statement for Marjoram Company are presented below. MARJORAM COMPANY Balance Sheet
hi I need help answering the following questions
The condensed balance sheet and income statement for Marjoram Company are presented below. MARJORAM COMPANY Balance Sheet At December 31, 2021 Cash 5 23,500 Notes receivable (due August 15, 2022) 38,000 Accounts receivable (net) 50,200 Merchandise inventory 73,300 Property, plant, and equipment (net) 295, 100 Intangible assets 14,200 Total assets $494,200 Current liabilities $105,600 Bonds payable(22%) (long-term) 145,000 Common stock 79,000 Retained earnings 164,680 Total liabilities and equity $494,200 MADORAM COMPANY Income Statenent For the Year ended December 31, 2021 Sales Cost of goods sold Gross profit Operating expenses Operating income Interest expense Incore before income tax Income tax expense Net Income $839,000 467, 400 $371,080 177.eee $194,500 17, $177,200 53, 1be $124.04 Required: Compute the return on shareholders' equity ratio for Marjoram Company. (Round your percentage answer to nearest whole percent.) Patutno hrvoldensity The following information (in $ millions) comes from the Annual Report of Saratoga Springs Co. for the year ending 12/31/2021 Year ended 12/31/2021 Net sales 58.069 Cost of goods sold 4,887 Selling and administrative expense 2,029 Interest expense 536 Inces before taxes 617 Net Income 578 Cash and cash equivalents Receivables.net Inventories Land, butldings and equipment at cost, net Total assets 12/31/2021 $ 1,095 1,130 1,175 13,620 517,020 12/31/2020 $ 76 784 639 3.964 $5,463 Total current liabilities Long-tere debt Total abilities Total stockholders' equity $ 5,867 5,211 $11.57 $ 5,442 $2,329 2,342 54,670 5 793 Required: Compute the average days in inventory for 2021. {Round your final answer to 1 decimal place.) days Step by Step Solution
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