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The following information was gathered from a company's balance sheet and income statement. Cash Current $60,000 Previous $50,000 Accounts receivable 30,000 35,000 Inventory 35,000
The following information was gathered from a company's balance sheet and income statement. Cash Current $60,000 Previous $50,000 Accounts receivable 30,000 35,000 Inventory 35,000 45,000 Long-term assets 250,000 160,000 Total assets $375,000 $290,009 Current Previous Current liabilities $50,000 $70,900 Long-term liabilities 90,000 80,000 Total liabilities- Stockholders' equity Total liabilities and equity 140,000. 150,000 235,000 140,000 $375,000 $299, 900 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Net income Required: Current $360,000 178,000 61,000 12,000 22,000 $95,000 Use the information above to calculate the financial ratios listed below After you complete column D. ratio values will auto-populate in column F
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