Use the information provided about Foxwarren Inc. (Foxwarren) to determine the information missing from its December 31,
Question:
Use the information provided about Foxwarren Inc. (Foxwarren) to determine the information missing from its December 31, 2015 balance sheet and income statement for the year ended December 31, 2015. For all final amounts determined, round to the nearest thousands of dollars.
Additional information for the year:
* dividends of $150,000 were paid * there are no preferred shares outstanding * all sales and purchases of inventory are on credit * no new common shares were issued and no common shares were repurchased * comprehensive income was $340,000 * tax rate = 20 percent * gross margin percentage = 50.0 percent * profit margin percentage = 4.0 percent * interest coverage ratio = 4 e EPS = $0.28
* ROA = 8.08 percent * days inventory = 82.125 * days receivable = 25.94 * days payable = 68.41 * debt-to-equity ratio = 1.244 * current ratio = 2.076
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