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Please include steps. Thank you Graffiti Advertising Inc. reported the following financial statements for 2018: In $ Income Statement for the year ending December 31,
Please include steps. Thank you
Graffiti Advertising Inc. reported the following financial statements for 2018: In $ Income Statement for the year ending December 31, 2018 Sales 621,720 Cost of goods sold 334,427 Selling and Administration Expenses 137,206 Depreciation 60,033 EBIT 90,054 Interest 21,226 EBT 68,828 Taxes 27,531 Net Income 41,297 Dividends 15,600 Addition to Retained Earnings 25,697 Balance Sheet as at December 31, 2018 11,563 18,113 Cash Accounts Receivable Inventory Current Assets Net Fixed Assets 15,737 Accounts Payable 23,209 Notes Payable 25,029 63,975 Current Liabilities 446,942 Long-term Debt Owner's equity 510,917 Total Liabilities and Owners' equity 29,676 167,200 314,041 510,917 Total Assets Calculate the following ratios: (a) Current ratio (b) Quick ratio (c) Total debt ratio (d) Times interest earned ratio (e) Debt equity ratio (f) Inventory turnover ratio (g) Days' sales in inventory (h) Receivables turnover (i) Days' sales in receiveables () capital intensity (k) Return on Assets (1) Return on equityStep by Step Solution
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