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The financial statements of Flint Office Supply Company appear below:FLINT OFFICE SUPPLY COMPANYComparative Balance SheetDecember 3 1 Assets 2 0 2 5 2 0 2
The financial statements of Flint Office Supply Company appear below:FLINT OFFICE SUPPLY COMPANYComparative Balance SheetDecember AssetsCash$ $ Debt investmentsAccounts receivable netInventoryProperty, plant, and equipment netTotal assets$$Liabilities and stockholders equityAccounts payable$ $ Shortterm notes payableBonds payableCommon stockRetained earningsTotal liabilities and stockholders' equity$Flint OFFICE SUPPLY COMPANYIncome StatementFor the Year Ended December Net sales all on creditCost of goods soldGross profitExpensesInterest expenseSelling expensesAdministrative expensesTotal expensesIncome before income taxesincome tax expenseNet income$$ Using the financial statements and additional information, compute the following ratios for the Flint Company for Round inventory turnover to decimal places, eg return on common stockholder's equity and payout ratio to decimal places eg and other answers to decimal place eg or Current ratio Return on common stockholders equity Priceearnings ratio Inventory turnover Accounts receivable turnover Times interest earned Pront margin Average days in inventory PayoutratioReturn on assets:timestimestimestimesdays
The financial statements of Flint Office Supply Company appear below:FLINT OFFICE SUPPLY COMPANYComparative Balance SheetDecember AssetsCash$ $ Debt investmentsAccounts receivable netInventoryProperty, plant, and equipment netTotal assets$$Liabilities and stockholders equityAccounts payable$ $ Shortterm notes payableBonds payableCommon stockRetained earningsTotal liabilities and stockholders' equity$Flint OFFICE SUPPLY COMPANYIncome StatementFor the Year Ended December Net sales all on creditCost of goods soldGross profitExpensesInterest expenseSelling expensesAdministrative expensesTotal expensesIncome before income taxesincome tax expenseNet income$$ Using the financial statements and additional information, compute the following ratios for the Flint Company for Round inventory turnover to decimal places, eg return on common stockholder's equity and payout ratio to decimal places eg and other answers to decimal place eg or Current ratio Return on common stockholders equity Priceearnings ratio Inventory turnover Accounts receivable turnover Times interest earned Pront margin Average days in inventory PayoutratioReturn on assets:timestimestimestimesdays
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