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how would you fill in blank? TO Inventory tumover times (h) Days in inventory days 0 Times interest earned times 0 Asset turnover times (K)
how would you fill in blank?
TO Inventory tumover times (h) Days in inventory days 0 Times interest earned times 0 Asset turnover times (K) Debt to assets ratio 96 0 Free cash flow S Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock ($5 par) $ 163,500 45,600 209,100 235,000 $148,900 44,100 193,000 215,000 408,000 444,100 290,000 300,000 165,400 313,400 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 603,400 465,400 $1,047,500 $873,400 SUNLAND COMPANY Balance Sheets December 31 2017 2016 Assets Current assets Cash $ 60,100 74,000 121,300 $ 64,200 50,000 106,300 128,100 117,600 Debt investments (short-term) Accounts receivable Inventory Total current assets Plant assets (net) Total assets 383,500 338,100 664,000 535,300 $1,047,500 $873,400 Income Statements For the Years Ended December 31 2017 2016 Net sales $1,894,040 $1,754,000 Cost of goods sold 1,062,040 1,009,500 Gross profit 832,000 744,500 Selling and administrative 503,500 482,500 expenses Income from 328,500 262.000 operations Other expenses and losses 24,100 22,100 Interest expense Income before income taxes Income tax expense 304,400 239,900 94,100 75.100 Net income $ 210,300 $164,800Step by Step Solution
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