The financial statements of LMN Ltd. for the year ended December 31, 2023, are presented below: Total
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Question:
The financial statements of LMN Ltd. for the year ended December 31, 2023, are presented below:
- Total Assets: $700,000
- Total Liabilities: $400,000
- Shareholders' Equity: $300,000
- Net Income: $60,000
- Dividends Paid: $25,000
- Total Revenue: $300,000
- Cost of Goods Sold: $120,000
- Operating Expenses: $100,000
- Interest Expense: $8,000
- Tax Expense: $7,000
Required:
- Calculate the debt to total assets ratio.
- Determine the fixed charge coverage ratio.
- Compute the inventory turnover ratio.
- Calculate the return on investment (ROI).
- Determine the earnings before taxes (EBT).
- Discuss the financial position and efficiency of LMN Ltd.
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