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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 $27,513 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 | $27,513 | Accounts payable and accruals | $154,234 | ||||
Accounts receivable | $142,585 | Short-term notes payable | $22,141 | ||||
Inventory | $215,485 | Total current liabilities | $176,375 | ||||
Total current assets | $385,583 | Long term debt | $155,510 | ||||
Net plant and equipment | $604,836 | Total liabilities | $331,885 | ||||
Goodwill and other assets | $42,422 | Common stock | $314,796 | ||||
Retained earnings | $386,160 | ||||||
Total assets | $1,032,841 | Total liabilities and equity | $1,032,841 |
In addition, it was reported that the firm had a net income of: | $158,967 | |
and net sales of: | $4,325,658 |
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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