Question
Income Statement Balance Sheet Sales $20,000,000 Assets: Cost of Goods Sold 8,000,000 Cash $ 5,000,000 12,000,000 Marketable Securities 12,500,000 Selling and Administrative 1,600,000 Accounts Receivable,
Income Statement Balance Sheet
Sales $20,000,000 Assets:
Cost of Goods Sold 8,000,000 Cash $ 5,000,000
12,000,000 Marketable Securities 12,500,000
Selling and Administrative 1,600,000 Accounts Receivable, net 2,500,000
Depreciation 3,000,000 Inventory 30,000,000
7,400,000 Prepaid Expenses 5,000,000
Interest 2,000,000 Plant & Equipment 30,000,000
5,400,000
Taxes (40%) 2,160,000 Total Assets 85,000,000
3,240,000
Common Stock Div. 600,000 Liabilities and Equity:
$2,640,000 Accounts Payable $20,000,000
Notes Payable 5,000,000
Accrued Expenses 5,000,000
Bonds 25,000,000
Common Stock 5,000,000
Capital in Excess of Par 10,000,000
Retained Earnings 15,000,000
Total Liabilities and Equity
$85,000,000
Shares outstanding of common stock = 1,000,000
Market price of common stock = $18.
Please answer the following questions using the table above:
1. The Current Ratio is:
2. The Net Profit margin is:
3. The Quick Ratio is:
4. The Times Interest Earned ratio is:
5. The Earnings Per Share is:
6. The Gross Profit Margin is:
7. The Total Debt to Total Asset ratio is:
8. Return on Assets ratio is:
9. The Total Asset Turnover ratio is:
10. The Operating Profit Margin is:
11. The Average Collection Period (365 day year) is:
12. The Market to Book ratio is:
13. The Debt to Equity ratio is:
14. The Inventory Turnover ratio is:
15. The Return on Equity is:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started