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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 $28,981 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 | $28,981 | Accounts payable and accruals | $152,297 | ||||
Accounts receivable | $143,634 | Short-term notes payable | $22,465 | ||||
Inventory | $213,824 | Total current liabilities | $174,762 | ||||
Total current assets | $386,439 | Long term debt | $155,510 | ||||
Net plant and equipment | $601,000 | Total liabilities | $330,272 | ||||
Goodwill and other assets | $42,422 | Common stock | $313,496 | ||||
Retained earnings | $386,093 | ||||||
Total assets | $1,029,861 | Total liabilities and equity | $1,029,861 |
In addition, it was reported that the firm had a net income of: | $158,969 | |
and net sales of: | $4,343,217 |
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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