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Shown as follows is selected Information from the financial statements of Dickson, Inc., a retail furniture store. From the balance sheet: Cash Accounts receivable
Shown as follows is selected Information from the financial statements of Dickson, Inc., a retail furniture store. From the balance sheet: Cash Accounts receivable Inventory Plant assets (net of accumulated depreciation) Current liabilities Total stockholders' equity Total assets From the income statement: Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Net income From the statement of cash flows: Net cash provided by operating activities (including interest paid of $79,080) Net cash used in investing activities Financing activities: Amounts borrowed Repayment of amounts borrowed Dividends paid Net cash provided by financing activities Net increase in cash during the year $ 30,000 150,000 200,000 see,eee 150,000 300,000 1,000,000 $ 1,500,000 1,080,000 315,000 84,000 6,000 15,000 $ 40,000 (46,000) $ 50,000 (14,000) (20,000) 16,000 $ 10,000 Required: b. Compute the following: (Round ratios to 1 decimal place.) 1. Current ratio 2. Quick ratio 3. Working capital 4. Debt ratio d. Compute the following ratios (assume that the year-end amounts of total assets and total stockholders' equity also represent the average amounts throughout the year). (Round your answers to 1 decimal place.) 1. Return on assets 2. Return on equity b-1. Current ratio to 1 b-2. Quick ratio to 1 b-3. Working capital b-4. Debt ratio % d-1. Return on assets % d-2. Return on equity %
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