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The Balance Sheet and income statement for the A. Thiel Mfg Company are given so calculate the following a. current ratio ? X ( round
The Balance Sheet and income statement for the A. Thiel Mfg Company are given so calculate the following
Balance Sheet (5000) Cash Accounts receivable Inventories Current assets Net fixed assets Total assets $ 517 1,999 1,035 $ 3,551 4,481 $ 8,032 Accounts payable Accrued expenses Short-term notes payable Current liabilities $ 1,077 607 281 $ 1.965 Inventones Current assets Net fixed assets Total assets 1,035 $ 3,551 4,481 $ 8,032 Accounts payable Accrued expenses Short-term notes payable Current liabilities Long-term debt Owners' equity Total liabilities and owners' equity $ 1,077 607 281 $ 1.965 2,010 4,057 $ 8.032 Income Statement (5000) Sales (all credit) Cost of goods sold Gross profit Operating expenses (includes $498 depreciation) Operating profits Interest expense Earnings before taxes Income taxes (21%) Net income $7,996 (3,284) $ 4.712 (2,994) $ 1,718 (352) $ 1,366 (287) $ 1.079 a. current ratio ? X ( round to two decim)
b. operating return on assets
c. Times interest earned
d. debt ratio
e. inventory turnover
f.average collection period
g. total asset turnover
h. fixed asset turnover
i.operating profit margin
j.return on Equity
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