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Income statement. Construct the Barron Pizza, Inc. income statement for the year ending 2015 with the following information: Shares outstanding 16, 740,000 Tax rate: 37.5%
Income statement. Construct the Barron Pizza, Inc. income statement for the year ending 2015 with the following information: Shares outstanding 16, 740,000 Tax rate: 37.5% Interest expense: $6, 114 Revenue: $889, 416 Depreciation: $31, 354 Selling, general, and administrative expense: $77, 572 Other income: $1, 253 Research and development: $4, 196 Cost of goods sold: $750, 711 Balance sheet. Construct the Barron Pizza, inc balance sheet for December 31, 2015, with the following information: Retained earnings: $43, 743 Accounts payable: $74, 633 Accounts receivable: $34, 836 Common stock: $119, 901 Cash: $8, 344 Short-term debt: $210 Inventory: $23, 455 Goodwill: $48, 347 Long-term debt: $80, 207 Other noncurrent liabilities: $42, 580 Plant, property, and equipment $192, 465 Other noncurrent assets: $16, 838 Long-term investments: $22, 331 Other current assets: $14658 Financial ratios: Liquidity. Calculate the current ratio, quick ratio, and cash ratio for Tyler Toys for 2013 and 2014. Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders
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