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the income statement and balance sheet for Newman, Inc. are provided below Calculate the ratios for 2019 Equity multiplier Times interest earned ratio Profit margin
the income statement and balance sheet for Newman, Inc. are provided below
Balance Sheets as of December 31, 2018 and 2019 (in 000s) 2018 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 250 $ 350 Accounts payable $ 500 $ 900 Accounts receivable 500 490 Notes payable 900 700 Inventory 750 960 Total $1,500 $1,800 Total $ 1,400 $ 1,600 $ 400 $ 200 Long-term debt Owners' equity Common stock Accumulated retained earnings 235 $ 200 $ 500 Fixed assets 965 Net plant and equipment $ 1,000 $ 1,200 Total Equity $ 700 $ 1,200 Total assets $2,500 $3,000 Total liabilities and owners' equity $2,500 $ 3,000 2019 Income Statement (in 000s) Sales Cost of goods sold Depreciation $ 2,500 1,600 50 EBIT Interest paid $ 850 65 BE Taxable income Taxes $ 785 165 Net income $ 620 $ 155 Dividends Retained earnings 465 Calculate the ratios for 2019
Equity multiplier
Times interest earned ratio
Profit margin
return on assets
return on equity
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