Question
The following information pertains to Ortiz Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were
The following information pertains to Ortiz Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.
Assets
Current assets $ 95,000
Property, plant and equipment 210,000
Total Assets $305,000
Liabilities and Stockholders Equity
Current liabilities $ 50,000
Long-term liabilities 95,000
Stockholders equitycommon 160,000
Total Liabilities and Stockholders Equity $305,000
Income Statement
Sales $ 110,000
Cost of goods sold 66,000
Gross profit 44,000
Operating expenses 30,000
Net income $ 14,000
Number of shares of common stock outstanding 6,000
Using the above information, calculate the following:
Current ratio _______________
Profit Margin _______________
Debt to total assets _______________
Return on Assets _______________
Earnings per Share _______________
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