Use the information provided about Voligny Inc. (Voligny) to determine the information missing from its December 31,
Question:
Use the information provided about Voligny Inc. (Voligny) to determine the information missing from its December 31, 2014 balance sheet and income statement for the year ended December 31, 2014. For all final amounts determined, round to thousands of dollars.
Additional information for the year:
* no dividends 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 ¢ tax rate = 20 percent * gross margin percentage = 60 percent * profit margin percentage = 12.5 percent * interest coverage ratio = 2.1 * EPS = $0.75 * inventory turnover ratio = 1.828 * accounts receivable turnover ratio = 3.333 * accounts payable turnover ratio = 2.467 ¢ debt-to-equity ratio = 0.827 * current ratio = 3.25
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