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i need help filling the blanks out! WILDHORSE CO. Balance Sheets December 31 (in thousands) 2020 2019 Current assets Cash and cash equivalents $330 $360
i need help filling the blanks out!
WILDHORSE CO. Balance Sheets December 31 (in thousands) 2020 2019 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 650 580 500 430 Inventory Prepaid expenses 130 160 1,610 1,530 Total current assets Property, plant, and equipment (net) 410 380 Investments 190 190 Intangibles and other assets 530 510 Total assets $2,740 $2,610 Current liabilities $1,000 $970 Long-term liabilities 520 420 Stockholders' equity-common 1,220 1,220 Total liabilities and stockholders' equity $2,740 $2,610 WILDHORSE CO. Income Statements For the Year Ended December 31 (in thousands) 2020 2019 Sales revenue $3,840 $3,500 Costs and expenses Cost of goods sold 1,150 1,070 Selling & administrative expenses 2,400 2,330 Interest expense 10 20 Total costs and expenses 3,560 3,420 Income before income taxes 280 80 Income tax expense 112 32 Net income $ 168 $ 48 (a) (b) (c) (d) Current ratio. Inventory turnover. (Inventory on December 31, 2018, was $370.) Profit margin Return on assets. (Assets on December 31, 2018, were $2,480.) Return on common stockholders' equity. (Equity on December 31, 2018, was $970.) Debt to assets ratio. Times interest earned. (e) (f) g) (g) 2020 2019 (a) Current ratio. :1 1 :1 (b) Inventory turnover. (c) Profit margin. de % (d) Return on assets. % % (e) Return on common stockholders' equity. (4) Debt to assets ratio. % (g) Times interest earned times times Step by Step Solution
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