Question
QUAL International Co. provided the following balance sheet and income statement items. Gross plant and equipment 4500 Notes payable 700 Accounts Payable 500 Accounts Receivable
QUAL International Co. provided the following balance sheet and income statement items.
Gross plant and equipment 4500
Notes payable 700
Accounts Payable 500
Accounts Receivable 1000
Cash and equivalents 200
Common stock 1100
Cost of goods sold 3700
Annual Depreciation 800
Interest expense 500
Inventories 700
Long term debt 1100
Accumulated Depreciation 1000
Other current liabilities 500
Retained earnings 1500
Sales 7100
Selling, general and administrative expenses 1200
Taxes 650
Total Shares Outstanding 800
Calculate firms Total Assets and Total Equities?
Calculate firms Net Income.
Calculate firms Net Profit Margin and EPS (Earnings Per Share). Assume that the firm has a total of 500 shares
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