Question
the required task , you are required to prepare a small report. You should provide your answers by writing a short report. The assignment should
Flybee Air constructs aircraft to order. The company canmanufacture an airplane in only five weeks using prefabricated parts. On each order, the company receives a deposit andanother partial payment before the order is completed. On the other hand, a commercial airplane may take one and a half to two years to manufacture after an order is placed. The financial statement information for the current year is listed below:
Accounts Payable | $ 1,039,168 |
Accounts Receivable | $ 2,228,356 |
Cash | $ 530,037 |
COGS | $ 21,758,220 |
Common Stock | $ 210,000 |
Depreciation | $ 952,300 |
Dividends | $ 297,660 |
Interest | $ 528,170 |
Inventory | $ 1,798,302 |
Long-term debt | $ 5,570,000 |
Net PP&E | $ 17,882,368 |
Notes Payable | $ 2,100,173 |
Other Expenses | $ 3,483,370 |
Retained Earnings | $ 1,519,722 |
Sales | $ 29,151,760 |
Assuming that this company does use a 35 percent tax rate. Please calculate the following ratios below.
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