Question
JKL Enterprises' financials for the year ending 31-03-2022 are as follows: Assets: Cash: $2,20,000 Accounts Receivable: $4,80,000 Inventory: $8,20,000 Prepaid Expenses: $35,000 Short-term Investments: $3,20,000
JKL Enterprises' financials for the year ending 31-03-2022 are as follows:
Assets:
Cash: $2,20,000
Accounts Receivable: $4,80,000
Inventory: $8,20,000
Prepaid Expenses: $35,000
Short-term Investments: $3,20,000
Liabilities and Equity:
Accounts Payable: $5,60,000
Short-term Loans: $2,40,000
Long-term Debt: $6,80,000
Common Stock: $10,20,000
Retained Earnings: $5,35,000
Income Statement for the year ending 31-03-2022:
Sales: $48,00,000
Cost of Goods Sold: $30,00,000
Operating Expenses: $7,00,000
Interest Expense: $1,40,000
Tax Rate: 31%
Requirements:
Calculate the current ratio.
Calculate the debt to equity ratio.
Calculate the return on assets.
Calculate the net profit margin.
Calculate the inventory turnover ratio.
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