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Please help solve! Thanks! Problem 4.33 The following are the financial statements for Nederland Consumer Products Company for the fiscal year ended September 30, 2013.
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Problem 4.33 The following are the financial statements for Nederland Consumer Products Company for the fiscal year ended September 30, 2013.Nederland Consumer Products Company Income Statement for the Fiscal Year Ended September 30, 2013 | |
Net sales | $51,407 |
Cost of products sold | 25,076 |
Gross margin | $26,331 |
Marketing, research, administrative exp. | 15,746 |
Depreciation | 758 |
Operating income (loss) | $9,827 |
Interest expense | 477 |
Earnings (loss) before income taxes | 9,350 |
Income taxes | 2,869 |
Net earnings (loss) | $6,481 |
Nederland Consumer Products Company Balance Sheet as of September 30, 2013 | ||||
Assets: | Liabilities and Equity: | |||
Cash and marketable securities | $5,469 | Accounts payable | $3,617 | |
Investment securities | 423 | Accrued and others liabilities | 7,689 | |
Accounts receivable | 4,062 | Taxes payable | 2,554 | |
Total inventories | 4,400 | Debt due within one year | 8,287 | |
Deferred income taxes | 958 | |||
Prepaid expenses & other receivables | 1,803 | |||
Total current assets | $17,115 | Total current liabilities | 22,147 | |
Property, plant, and equipment, at cost | 25,304 | Long-term debt | 12,554 | |
Less: Accumulated depreciation | 11,196 | Deferred income taxes | 2,261 | |
Net property, plant, and equipment | $14,108 | Other non-current liabilities | 2,808 | |
Net goodwill and other intangible assets | 23,900 | Total liabilities | $39,770 | |
Other noncurrent assets | 1,925 | Convertible Class A preferred stock | 1,526 | |
Common stock | 2,141 | |||
Retained earnings | 13,611 | |||
Total stockholders equity (deficit) | $17,278 | |||
Total assets | $57,048 | Total liabilities and equity | $57,048 |
Profit margin | % | |
Total assets turnover ratio | ||
Equity multiplier | ||
Return on assets | % | |
Return on equity | % |
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