Question
Income Statement Sales $800 - Cost of goods sold 500 Gross margin 300 - selling expense 120 -a dministration expense 100 Operating income before tax
Income Statement
Sales $800 -
Cost of goods sold 500
Gross margin 300 -
selling expense 120 -a
dministration expense 100
Operating income before tax 80 -
interest expense 20 Income before tax 60 -tax expense 12 Net income $48 Leol Inc. Balance Sheet Dec. 31, 2021 000 000 Assets Liabilities and SE Cash $10 Accounts payable $40 Marketable securities 20 Notes payable 20 Accounts receivable 40 Current lia. 60 Inventory 40 Bonds payable 70 Prepaid expense 10 Deferred revenue 30 Current assets 120 Total liabilities 160 Fixed assets 200 Capital stock 160 Other assets 80 Retained earnings 80 Long-term Assets 280 Shareholders Equity 240 Total Assets $400 Liabilities and SE $400
1. Current ratio
2. Quick ratio
3. Accounts receivable on hands
4. Inventory turnover
5. Asset turnover
6. Debt ratio
7. Equity multiplier
8. Net profit margin
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