Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

When inputting an answer, round your answer to the nearest 4 decimal places. If you need to use a calculated number for further calculations, DO

When inputting an answer, round your answer to the nearest 4 decimal places. If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 4 decimal places.

Assets Accounts

2021 2022

Cash $45.00 $50.00

A/R $184.00 $178.00

Inventory $103.00 $117.00

Total. $332.00 $345.00

Net Fixed Assets $1,000.00 $1,200.00

Total Assets $1,332.00 $1,545.00

Liabilities Accounts

2021 2022

Accounts Payable $140.00 $196.00

Notes Payable $150.00 $125.00

Total $290.00 $321.00

Long-Term Debt $500.00. $750.00

Common Stock $400.00 $400.00

Retained Earnings $142.00 $74.00

Total Liabilities $1,332.00 $1,545.00

Sales Accounts

2021 2022

Sales $3,151.00

Cost of Goods Sold $2,520.80

Depreciation $200.00

EBIT $430.20

Interest $40.00

Taxes $172.08

Net Income $218.12

Questions

What is the Current Ratio for 2022?

What is the Quick Ratio for 2022?

What is the Times Interest Earned (TIE) for 2022?

What is the Debt to Equity (D/E) Ratio for 2022?

What is the Profit Margin (PM) for 2022?

What is the Total Asset Turnover (TAT) for 2022?

What is the Equity Multiplier (EM) for 2022?

What is the Return on Equity (ROE) for 2022?

What is the Return on Assets (ROA) for 2022?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Future Of Real Estate Early Warning Realtors

Authors: Anya Bartholomew

1st Edition

1975711149, 978-1975711146

More Books

Students also viewed these Finance questions