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plz solve it with 2nd picture format SOL COMPANY Comparative Statements of Financial Position December 31, 2018 Assets Property, plant and equipment (net).. Inventory. Accounts
plz solve it with 2nd picture format
SOL COMPANY Comparative Statements of Financial Position December 31, 2018 Assets Property, plant and equipment (net).. Inventory. Accounts receivable (net) Short-term investments 2018 2017 $423,000 80,000 85,000 18,000 21,000 $627.000 $383,000 60,000 75,000 15,000 18,000 $551.000 Cash Total assets Equity and liabilities Share capital- ordinary Retained earnings Bonds payable Accounts payable Income tax payable. Total equity and liabilities $150,000 223,000 120,000 $150,000 200,000 80,000 110,000 11,000 $551,000 122,000 12.000 $627,000 SOL COMPANY Income Statement For the Year Ended December 31, 2018 $500,000 315,000 185,000 120,800 64,200 7,500 56,700 20,000 S 36,700 Net sales Cost of goods sold Gross profit.. Operating expenses Income from operations. Interest expense Income before income taxes Income tax expense Net income Additional information: Cash dividends of $13,700 were declared and paid in 2018. b. a. Market value of ordinary shares on December 31, 2018, was $19.5 per share. Please compute the ratios for 2018 as follows (please show your calculation) Sol Company Ratio Calculations Liquidity Current ratio Acid -test ratio Accounts receivables turnover Average collection period in days Inventory turnover Days in inventory Profitability Profit margin Asset turnover Return on assets Return on ordinary shareholders' equity Earnings per share (EPS) Price earning (PE) ratio Payout ratio Solvency Debt to asset ratio Times interest earnedStep by Step Solution
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