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XYZ provided the following financial information: XYZ Balance Sheet As of 12/31/19 Assets: Liabilities and Equity: Cash and marketable securities $29,491 Accounts payable and accruals
XYZ provided the following financial information:
XYZ Balance Sheet As of 12/31/19 | |||||||
Assets: | Liabilities and Equity: | ||||||
Cash and marketable securities | $29,491 | Accounts payable and accruals | $154,296 | ||||
Accounts receivable | $142,576 | Short-term notes payable | $23,138 | ||||
Inventory | $212,541 | Total current liabilities | $177,434 | ||||
Total current assets | $384,608 | Long term debt | $155,510 | ||||
Net plant and equipment | $602,575 | Total liabilities | $332,944 | ||||
Goodwill and other assets | $42,422 | Common stock | $312,825 | ||||
Retained earnings | $383,836 | ||||||
Total assets | $1,029,605 | Total liabilities and equity | $1,029,605 |
In addition, it was reported that the firm had a net income of: | $157,189 | |
and net sales of: | $4,263,781 |
Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g. 52.75.):
Current Ratio | times | ||
Quick Ratio | times | ||
Average Collection Period | days | ||
Total Asset Turnover | times | ||
Fixed Asset Turnover | times |
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