Question
Inventory 206,250 Longterm Debt 300,000 Interest Expense 5,000 Accumulated Depreciation 442,500 Cash 180,000 Net Sales 1,500,000 Common Stock 800,000 Accounts Receivable 225,000 Operating Expense 525,000
Inventory 206,250
Longterm Debt 300,000
Interest Expense 5,000
Accumulated Depreciation 442,500
Cash 180,000
Net Sales 1,500,000
Common Stock 800,000
Accounts Receivable 225,000
Operating Expense 525,000
Notes payable- current 187,500
COGS 937,500
Plant and equipment 1,312,500
Accounts Payable 168,750
Marketable securities 95,000
Prepaid Insurance 80,000
Accrued wages 65,000
Retained Earnings- Current year ? (need to find)
Federal Income taxes 5,750
From the information provided, calculate the following financial ratios for the company.
Current ratio:
Acid test ratio:
Average collection period:
Inventory turnover:
Gross profit margin:
Operating profit margin:
Net profit margin:
Total tangible asset turnover:
Times interest earned:
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