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JUST FOR KYAN COMPANY , please compute: current ratio, acid-test ratio, accounts receivable turnover, inventory turnover, profit margin ratio, return on stockholder's equity. Barca Company
JUST FOR KYAN COMPANY, please compute:
current ratio, acid-test ratio, accounts receivable turnover, inventory turnover, profit margin ratio, return on stockholder's equity.
Barca Company Kyan Company balo Company Company Data from the current year-end balance sheets Assets Cash.... $ 19,500 Accounts receivable, net 46,500 Merchandise inventory.. 84,440 Prepaid expenses.. 5,000 Plant assets, net. 290,000 Total assets... $445,440 $ 34,000 64,600 132,500 6.950 304,400 $542,450 Data from the current year's income statement Sales..... $770,000 Cost of goods sold... 585,100 Interest expense... 7,900 Income tax expense 14,800 Net income 162,200 Basic earnings per share.. 4.51 Cash dividends per share.... 3.81 Beginning-of-year balance sheet data Accounts receivable, net.... $ 29,800 Merchandise inventory.. 55,600 Total assets ... 398,000 Common stock, $5 par value. 180,000 Retained earnings .... 98,300 $880,200 632,500 13,000 24,300 210,400 5.11 3.93 Liabilities and Equity Current liabilities..... Long-term notes payable.... Common stock, $5 par value. Retained earnings.... Total liabilities and equity. $ 61,340 80,800 180,000 123,300 $445,440 $ 93,300 101,000 206,000 142,150 $542,450 $ 54,200 107,400 382,500 206,000 93,600Step by Step Solution
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