Question
Use the information below to answer the following questions.At the end of 2018, the Zedo Company has $150,000 in accumulated depreciation and $120,000 in retained
Use the information below to answer the following questions.At the end of 2018, the Zedo Company has $150,000 in accumulated depreciation and $120,000 in retained earnings.
2019 2020
Sales$700,000$900,000
Notes Payable45,00075,000
Tax Rate40%40%
Gross Fixed Assets$1,200,000$1,450,000
Total Current Liabilities300,000400,000
Interest Expense60,00080,000
Cash20,00030,000
Accounts Payable160,000140,000
Current Ratio1.2 times1.1 times
Total Liabilities600,000880,000
Net Income33,60054,000
Accounts Receivable140,000160,000
Dividends 14,00018,000
Operating Expenses before60% of sales60% of sales
Depreciation/Amortization
Calculate for 2020:
- Inventory turnover
__________________________
Answer
- Accruals
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Answer
- Debt ratio
__________________________
Answer
- Common Stock
__________________________
Answer
- Net fixed assets turnover
__________________________
Answer
Calculate for 2020:
- Cash flow from operating activities
__________________________
Answer
- Cash flow from financing activities
__________________________
Answer
- Cash flow from investing activities
__________________________
Answer
- Net Operating Working Capital
__________________________
Answer
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Financial Accounting
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
6th Edition
1618533118, 978-1618533111
