Please answer e.f.g.h
HW10
2
Submit
Check my work
Consider the following company's balance sheet and income
statement
Cash
$ 36,000
Accounts receivable
78,000
Inventory
39,000
Total current assets
153,000
Fixed assets
97,000
Total assets
$240,000
Liabilities
Accounts payable
Notes payable
Total current liab
Long-term debt
Equity
Total liabilities
and equity
Income Statement
Sales (all on credit)
$300,000
Cost of goods sold
210,000
Gross margin
90,000
Selling and administrative expenses
20,000
Depreciation
6,000
EBIT
64,000
Interest expense
4,700
Earnings before tax
59,300
Taxes
16,590
Net income
$ 38,710
For this company, calculate the following: (Use 365 days in a year.
Do not round intermediate calculations. Round your answers to
2 decimal places. (e.g., 32.16))
a. Current ratio
2.25 times
b. Number of days' sales in receivables
94.90 days
c. Sales to total assets
1.25 times
d. Number of days in inventory
102.55 days
e. Debt-to-asset ratio
%
f. Cash-flow debt ratio
%
g. Return on assets
%
h. Return on equity
%
< Prev
2 of 4
Next >
MacBo
