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Please show excel formulas The financial statements for Castle Products, Inc. are given below Castile Products, Inc. Curtats: dundiary Total curatat L Total assets lities
Please show excel formulas
The financial statements for Castle Products, Inc. are given below Castile Products, Inc. Curtats: dundiary Total curatat L Total assets lities and Sta r s' Equity Bondiale, Total abilities Stochons uity Common stock, $10 per value Retained earnings Total stockholders equity Total abilities and stockholders equity Castile products, Inc. Income Statement For the Year Ended December 31 Cost of woods sold $3,675, 1,414, see Selling and adeinistrative expenses utoporating Income Interest expens Nut Income before taxes Income taxes (3) Nut Incom Account balances at the beginning of the year were accounts receivable, $230,000: and Inventory, $320,000. Al sales were on account Required: Compute the following financial data and ratios: t Working coats 2. Current retiRound your answer to 1 decimal place.) 3. Acid-teatro Round your answer to 2 decimal places.) 4. Debttoequity to Round your answer to 2 decimal places.) 5. Times interested to Round your answer to 2 decimal places.) 6. Average collection period. Use 365 days in a year. Round your intermediate calculations and final answer to 1 decimal place) 7. Average sale period. Use 365 days in a year. Round your intermediate calculations and final answer to 1 decimal place) 8. Operating cycle. (Round your intermediate calculations and final answer to 1 decimal place.)Step by Step Solution
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