Question
The financial highlights for Boeing as of December 31, 2023, are shown below: Income Statement: Net Sales: $3,200,000 Cost of Sales: $2,400,000 Operating Expenses: $1,100,000
The financial highlights for Boeing as of December 31, 2023, are shown below:
Income Statement:
Net Sales: $3,200,000
Cost of Sales: $2,400,000
Operating Expenses: $1,100,000
Income Tax: $110,000
Net Income: -$410,000 (Net Loss)
Balance Sheet:
Cash: $320,000
Accounts Receivable: $550,000
Inventory: $600,000
Property, Plant, and Equipment: $1,200,000
Current Liabilities: $550,000
Long-term Debt: $650,000
Shareholders’ Equity: $1,470,000
Determine the current ratio.
Calculate the return on assets (ROA).
Find the debt-to-equity ratio.
Compute the net profit margin.
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