Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Selected comparative financial statement data for ABC ing. Balance Sheet (En milliers de dollars) 2018 2017 Assets 7621 9 842 75 982 Assets CT -Cash

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Selected comparative financial statement data for ABC ing. Balance Sheet (En milliers de dollars) 2018 2017 Assets 7621 9 842 75 982 Assets CT -Cash Accounts Receivable - inventories - Prepaid Insurance Total Assets CT 69 907 123 413 566 119 233 963 Assets LT - Building - Land 136 324 15 307 130 324 11 438 151 631 141 762 Total Assets LT Total de Assets 353 138 347 782 Laibilities 4 921 3 271 - 55 619 61 855 2872 3 906 11 614 13 812 Laibilities CT - Loan CT - Accounts Payable - Toxes payable - Notes Payable Total de laibilities CT Laibilities LT -Loan LT Owner's Equity - Capital -Retained earnings 94 355 63 956 50 000 133 757 50 000 150 982 Total laibilities and Owners Equity 353 138 347 782 Statement of Net income 2018 2017 Net Sales 540 661 724 325 Cost of Sales 399 366 450 362 Gross profit Selling, general, and administ 85 467 96 123 Profit before income tax Income tax 6141 33789 1- Calculete the ratios , Explain ? 1- Current Ratio 2- Debt to total Assets 3-Gross profit Margin 4- Profit Margin 5- Earnings per Shar (Number of common shares : 15 000 )

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Discuss the importance of workforce planning.

Answered: 1 week ago

Question

Differentiate between a mission statement and a vision statement.

Answered: 1 week ago