Income Statement Fiction, INC

Sales 2,000,000

Cost of goods sold 1,400,000

Gross Profit 600,000

Operating expenses

Selling & Marketing 100,000

Administrative 80,000

Depreciation 50, 000

Total operating expenses 230,000

Operating income (operating profits) 370, 000

Interest expense 50,000

Earnings before tax 320, 000

Income taxes 80,000

Net Income 240,000

Total number of sharing outstanding= 100, 000

Current market share = $41.40

Earnings per share (EPS) = 2.40

Dividends per share = $1.10

Balance Sheet Fiction, INC

Assets

Cash 150,000

Accounts receivables 250, 000

Inventory 500,000

Total Current Assets 900,000

Gross planet & equip 2,200,000

Less accumulated depreciation 650,000

Net property, plant & equip 1,550,000

Total assets 2,450,000

Debt & Equity

Account Payable 145,000

Accruals 90,000

S. T. Note 310,000

Total Current Liabilities 545,000

Long-term debt 625,000

Total debt 1,170,000

Common stockholders equity

Common Stockholder equity 100,000

Paid-In capital 300,000

Retained earnings 880,000

Total common equity 1,280,000

Total liabilities & equity 2,450,000

What is the current ratio of this firm?

What is the quick ratio of this firm?

What is the inventory turnover ratio of this firm?

What is the receivables turnover of this firm?

What is the total asset turnover of this firm?

What is the times interest earned (TIE) of this firm?

What is the total debt ratio of this firm?

What is the return on equity (ROE) of this firm?

What is the return on assets (ROA) of this firm?

What is the market-to-book ratio of this firm?

What is the price-to-earnings (P/E) ratio of this firm?

Each question has to be answered, along with the work being shown.