Question
The most recent financial statements for Moose Tours, Inc., appear below. Moose Tours, INC 202X Income statement Sales Costs Depreciation Earnings before interest and taxes
The most recent financial statements for Moose Tours, Inc., appear below.
Moose Tours, INC 202X Income statement
Sales Costs Depreciation Earnings before interest and taxes Interest expense Taxable income Taxes Net income
Dividends Addition to retained earnings
$ 752500 585600
15400 151500 11340 140160 49056 91104 27331 63773
Moose Tours, INC Balance Sheet as of December 31, 202X
Assets Current assets
Cash Accounts receivable Inventory
Total
Fixed assets Net plant and equipment
Total assets
$ 21,632
34,799 74,300 130,731
353,120 483,851
Liabilities and Owners Equity Current liabilities
Accounts payable Notes payable
Total Long-term debt Owners equity
Common stock and paid-in surplus Retained earnings
Total Total liabilities and owners equity
$ 58,140
14,535 72,675 135,000
115,000 161,176 276,176 483,851
Required: (a) Calculate companys liquidity ratios. (b) Calculate companys financial leverage ratios. (c) Calculate companys asset turnover ratios. (d) Calculate companys profitability ratios.
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