Question
Need to prepare income statement and balance sheet using Accounts receivable$270,000Inventory$360,000Total assets$1,800,000 and ratios: Earnings per share$2.30Debt-to-equity ratio0.875Accounts receivable turnover14.0Current ratio2.75Return on total assets18.0%Times interest
Need to prepare income statement and balance sheet using Accounts receivable$270,000Inventory$360,000Total assets$1,800,000
and ratios: Earnings per share$2.30Debt-to-equity ratio0.875Accounts receivable turnover14.0Current ratio2.75Return on total assets18.0%Times interest earned ratio6.75Acid-test ratio1.25Inventory turnover6.5
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Management Accounting Information for creating and managing value
Authors: Kim Langfield Smith, David Smith, Paul Andon, Ronald Hilton, Helen Thorne
8th edition
9781760420413 , 978-1760420406
