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Please Help ASAP!Thank you! Using the following financial data given below, to determine the appropriate ratios: LIABILITIES & STOCKHOLDERS EQUITY: ASSETS: 3,000 Cash 2,000 Current
Please Help ASAP!Thank you!
Using the following financial data given below, to determine the appropriate ratios: LIABILITIES & STOCKHOLDERS EQUITY: ASSETS: 3,000 Cash 2,000 Current liabilities 4,000 Accounts Rec. Long-term debt 2,000 Common stock at par 3,000 Inventory 2,000 Paid in capital in excess of par Fixed Assets 3,000 9,000 Retained earnings 6,000 Total Liabilities & Stockholder Equity Total Assets $17,000 $17,000 Sales $20,000 Credit sales as a % of Total Sales 80.0% Cost of Goods Sold 40.0% Income before fixed charges and taxes $9,000 Interest payments 1,125 Lease payments 1,350 Taxes (45% tax rate) 2,936 Net income after taxes $3,589 Accounts Receivables Turnover of the firm is: 5.0 Times 4.5 Times 6.0 Times 0.20 Times 4.0 Times
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