Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please show all work Please refer to the following financial information: Fictishus Inc. Balance Sheet As of December 31, 2019 ASSETS LIABILITIES AND SHAREHOLDERS EQUITY

please show all work
image text in transcribed
Please refer to the following financial information: Fictishus Inc. Balance Sheet As of December 31, 2019 ASSETS LIABILITIES AND SHAREHOLDERS EQUITY Current Assets Current Liabilities Cash 600 Accounts Payable Accounts Receivable 400 Notes Payable Inventory 1,400 Total Current Liabilities Investments 1.200 Long Term Debt Total Current Assets 3.600 TOTAL LIABILITIES Capital Expenditures 300 TOTAL ASSETS 3.900 Shareholders Equity Common Stock Note: Working Capital = (A/R + Inv - A/P) 800 200 1.000 2.809 3.8.00 100 Select 2019 Income Statement information: Revenue: $8,000 Cost of Goods Sold: $4,800 Sales Expense: $1,000 Depreciation: $600 Net Income: $800 What is the current ratio? What are the inventory turns? What are the days payables? What is the gross profit margin percentage? What is the operating profit margin percentage? What is the company's Return on Assets

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Foundations Of Business Analysis

Authors: M Douglas Berg

1st Edition

1465222030, 9781465222039

More Books

Students also viewed these Finance questions

Question

b. Is it an undergraduate or graduate level course?

Answered: 1 week ago

Question

3. How does nonverbal communication express cultural values?

Answered: 1 week ago

Question

2. What types of nonverbal behavior have scholars identifi ed?

Answered: 1 week ago