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I only need part F Consider the following company's balance sheet and income statement. Assets Cash Accounts receivable Inventory Total current assets Fixed assets $
I only need part F
Consider the following company's balance sheet and income statement. Assets Cash Accounts receivable Inventory Total current assets Fixed assets $ 39,000 21,000 Balance Sheet Liabilities and Equity $ 13,000 Accounts payable 68,000 Notes payable 49,000 130,000 Total current liabilities 77,000 Long-term debt Equity $207,000 Total liabilities and equity 60,000 21,000 126,000 $207,000 Total assets ces Income Statement Sales (all on credit) Cost of goods sold Gross margin Selling and administrative expenses Depreciation EBIT Interest expense Earnings before tax Taxes $240,000 140,000 100,000 29,000 9,000 62,000 5,700 56, 300 16, 890 $ 39, 410 Net income For this company, calculate the following: (Use 365 days in a year. Do not round intermediate calculations. Rou decimal places. (e.g., 32.16)) a. Current ratio b. Number of days' sales in receivables c. Sales to total assets d. Number of days in inventory e. Debt-to-asset ratio 2.17 times 103.42 days 1.16 times 127.75 days 39.13 % % f. Cash-flow debt ratio g. Return on assets h. Return on equity 19.04% 31.28 %Step by Step Solution
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