REQUIRED TASK Flybee Air constructs aircraft to order. The company can manufacture an airplane in only five weeks using prefabricated parts. On each order, the
REQUIRED TASK
Flybee Air constructs aircraft to order. The company canmanufacture an airplane in only five weeks using prefabricated parts. On each order, the company receives a deposit andanother partial payment before the order is completed. On the other hand, a commercial airplane may take one and a half to two years to manufacture after an order is placed. The financial statement information for the current year is listed below:
Accounts Payable | $ 1,039,168 |
Accounts Receivable | $ 2,228,356 |
Cash | $ 530,037 |
COGS | $ 21,758,220 |
Common Stock | $ 210,000 |
Depreciation | $ 952,300 |
Dividends | $ 297,660 |
Interest | $ 528,170 |
Inventory | $ 1,798,302 |
Long-term debt | $ 5,570,000 |
Net PP&E | $ 17,882,368 |
Notes Payable | $ 2,100,173 |
Other Expenses | $ 3,483,370 |
Retained Earnings | $ 1,519,722 |
Sales | $ 29,151,760 |
Assuming that this company does use a 35 percent tax rate. Please calculate the following ratios below.
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