Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help answer questions 1-15 Use the following to answer questions 1-15: Table 5-1 Income Statement Balance Sheet Sales $20,000,000 Assets: Cash Marketable Securities 12,500,000
please help answer questions 1-15
Use the following to answer questions 1-15: Table 5-1 Income Statement Balance Sheet Sales $20,000,000 Assets: Cash Marketable Securities 12,500,000 Accounts Receivable, net 2,500,000 Inventory Prepaid Expenses Plant & Equipment30000000 Cost of Goods Sold 8,000,000 $5,000,000 12,000,000 1,600,000 Selling and Administrative Depreciation Interest Taxes (40%) Common Stock Div. 3,000,000 7,400,000 2.000,000 5,400,000 2.160,000 3,240,000 600,000 30,000,000 5,000,000 Total Assets 85,000 00 Liabilities and Equity: Accounts Payable Notes Payable Accrued Expenses Bonds Payable Common Stock Cepital in Excess of Per Retained Earnings $2,640,000 $20,000,000 5,000,000 5,000,000 25,000,000 5,000,000 10,000,000 5,000,000 Total Liabilities and Equity $85000 000 Shares outstending of common stock- 1,000,000 Market price of common stock $18. 1. The Current Ratio is: A) 0.55 B) 1.83 C) 0.183 D) 0.35 2. The Net Profit margin is: A) B) C) D) 16.2% 37% 60% 13.7% 3. The Quick Ratio is: A) 0.83 B) 1.20 C) 8.33 D) 0.29Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started