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What is the Debt Equity Ratio for this Company? 1. 0.42 2. 0.65 3. 0.81 4. 0.93 Income Statement Particulars Amount Income 56,897,573 Revenue 56,875,221
What is the Debt Equity Ratio for this Company?
1. 0.42 2. 0.65 3. 0.81 4. 0.93
Income Statement | ||
Particulars | Amount | |
Income | 56,897,573 | |
Revenue | 56,875,221 | |
Interest Earned | 22,352 | |
Expenses | ||
Cost of Sales: | 32,775,264 | |
Cost of Goods Sold | 32,733,149 | |
Utilities Expense | 42,115 | |
Gross Profit: | ||
Operating Expenses: | 13,345,676 | |
Salaries Expense | 3,255,449 | |
Rent Expense | 956,224 | |
Depreciation Expense: Equipment | 321,588 | |
Depreciation Expense: Building | 459,887 | |
Bad Debt Expense | 896,338 | |
Insurance Expense | 1,100,365 | |
Interest Expense | 1,555,300 | |
Income Tax Expense | 4,800,525 | |
Operating Profit: | 18,397,451 | |
Profit: | 10,776,633 |
Balance Sheet | ||
Particulars | Amount | |
Assets | ||
Current Assets: | 21,322,431 | |
Cash | 2,690,644 | |
Accounts Receivable | 5,890,887 | |
Inventory | 12,595,645 | |
Prepaid Insurance | 145,255 | |
Non Current Assets: | 29,715,924 | |
Equipment | 15,799,800 | |
Accumulated Depreciation: Equipment | -3,244,001 | |
Building | 18,560,325 | |
Accumulated Depreciation: Building | -5,655,225 | |
Land | 4,255,025 | |
Total Assets: | 51,038,355 | |
Liabilities | ||
Current Liabilities: | 11,194,411 | |
Unearned Revenue | 668,236 | |
Accounts Payable | 5,663,200 | |
Salaries Payable | 145,250 | |
Interest Payable | 67,500 | |
Income Taxes Payable | 4,650,225 | |
Non Current Liabilities: | 15,500,000 | |
Long Term Loan @ 5% p.a. | 15,500,000 | |
Total Liabilities: | 26,694,411 | |
Equity | ||
Common Stock | 280,000 | |
Additional Paid In Capital | 5,320,000 | |
Retained Earnings | 18,743,944 | |
Total Equity: | 24,343,944 |
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