Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please solve a-e- g / h/ i/ j/ k/ L. will rate positive for full answers The comparative statements of Pharoah Company are presented here.

please solve a-e- g / h/ i/ j/ k/ L.
will rate positive for full answers
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The comparative statements of Pharoah Company are presented here. Pharoah Company Balance Sheets December 31 20252024 Assets Current assets Liabilities and Stockholders' Equity. Current liabilities Accounts payable $144,000$130,860 Plant assets (net) Total assets Liabilities and Stockholders' Equity. Current liabilities Accounts payable $144,000$130,860 Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock (\$4 par) 261,000270,000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity \$924,210 \$767,520 All sales were on credit. Net cash provided by operating activities for 2025 was $198,000. Capital expenditures were $122,400, and cash dividends paid were $63,220. Compute the following ratios for 2025. (Round Debt to asset ratio and Free cash flow to O decimal places, e. 15 or 15%, Earnings per share. Return on assets, Current ratio and Asset turnover to 2 decimal places, eg. 1.83 or 1.83% and all other answers to 1 decimal place, e.g. 1.8 or 1.8%. Use 365 days for calculations.) f. Average collection period 21.7 days g. Inventory turnover times h. Days in inventory days i. Times interest earned times j. Asset turnover times k. Debt to assets ratio % I. Free cash flow

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_2

Step: 3

blur-text-image_3

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

Using Financial Accounting

Authors: Carl S. Warren, Jeff Jones, Amanda Farmer

1st Edition

0357507851, 9780357507858

More Books

Students also viewed these Accounting questions