Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help me out with this question I need to prepare a statement of cash flows (20xx) and complete a ratio analysis : profitability, asset
please help me out with this question I need to prepare a statement of cash flows (20xx) and complete a ratio analysis : profitability, asset Utilization , debt Utilization and liquidity ratio.
Income Statements Year Ended Dec. 31, 20XX 20XW Sales. $355,200 $277,500 Cost of goods sold.. 213,120 166,500 Contribution margin... 142,080 111,000 Sales and administration expenses... 82,140 74,370 Amortization. 23,000 10,000 Operating income. 36,940 26,630 Interest. 14,200 6,800 Earnings before taxes. 22,740 19,830 Taxes 5,685 4,958 Net income $ 17,055 S 14.872 Industry Averages Profit margin 3.50% Return on assets. 4.00% 8.20% Return on equity 38.00% Gross margin. 9.73 times Receivables turnover. 37.51 days Average collection periodStep 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