Question
Question Table 1 Income Statement Balance Sheet Sales 20,000,000 Assets: Cost of Goods Sold 8,000,000 Cash $ 5,000,000 12,000,000 Marketable Securities 12,500,000 Selling and Administrative
Question Table 1
Income Statement Balance Sheet
Sales 20,000,000 Assets:
Cost of Goods Sold 8,000,000 Cash $ 5,000,000
12,000,000 Marketable Securities 12,500,000
Selling and Administrative 1,600,000 Accounts Receivable, net 2,500,000
Depreciation 3,000,000 Inventory 30,000,000
7,400,000 Prepaid Expenses 5,000,000
Interest 2.000,000 Plant & Equipment 30,000,000
5,400,000 Total Assets 85,000,000
Taxes (40%) 2,160,000
3,240,000
Common Stock Div. 600,000 Liabilities and Equity:
$2,640,000 Accounts Payable $20,000,000
Notes Payable 5,000,000
Accrued Expenses 5,000,000
Bonds 25,000,000
Common Stock 5,000,000
Capital in Excess of Par 10,000,000
Retained Earnings 15,000,000
Total Liabilities and
Equity $85,000,000
Shares outstanding of common stock = 1,000,000
Market price of common stock = $18.
Use Table 1 for the following 15 questions.
1-1. The Current Ratio is:
1-2. The Net Profit margin is:
1-3. The Quick Ratio is:
1-4 The Times Interest Earned ratio is:
1-5. The Earnings Per Share is:
1-6. The Gross Profit Margin is:
1-7. The Total Debt to Total Asset ratio is:
1-8. Return on Assets ratio is:
1-9. The Total Asset Turnover ratio is:
1-10. The Operating Profit Margin is:
1-11. The Average Collection Period (365 day year) is:
1-12. The Market to Book ratio is:
1-13. The Debt to Equity ratio is:
1-14. The Inventory Turnover ratio is:
1-15. The Return on Equity is:
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