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Sajib Company Income Statement For the year Ended Dec 31 2009 2008 Net Sales(all on account) 600,000 520,000 Expense: Cost of Good Sold 415,000 354,000
Sajib Company
Income Statement
For the year Ended Dec 31
2009 2008
Net Sales(all on account) 600,000 520,000
Expense:
Cost of Good Sold 415,000 354,000
Selling & administrative 120,800 114,800
Interest 7,800 6,000
Income Tax 18,000 14,000
Total Expense 561,600 488,800
Net income 38,400 31,200
Sajib Company
Balance Sheet
Dec 31
Assets 2009 2008
Cash 21,000 18,000
Short-term investment 18,000 15,000
Accounts receivable 86,000 74,000
Inventory 90,000 70,000
Total Current Assets 215000 177,000
Plant Asset 423,000 383,000
Total Asset 638,000 560,000
Liabilities & equity
Accounts payable 122,000 110,000
Income Taxes payable 23,000 20,000
Total current liabilities 145,000 130,000
Long term liabilities 120,000 80,000
Total liabilities 265,000 210,000
Stockholders equity
Common stock(5 par) 150,000 150,000
Retained earnings 223,000 200,000
Total Stockholders equity 373,000 350,000
Total liabilities & Stockholders equity 638,000 560,000
Additional information: Common stock recently sold 19.50 per share.
Compute the following ratio for 2009
a. Current Ratio
b. Inventory turnover
c. Profit Margin
d. ROA
e. ROE
f. EPS
g. Debt to total assets
h. Asset turnover
i. P/E ratio
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne Mowen
2nd Edition
0538864451, 978-0538864459
