Accounts Receivable 250,000 Accounts Payable 260,000 Capital Surplus 100,000 Cash 190,000 Common Stock 300,000 Costs 640,000 Depreciation Expense 40,000...

80.2K

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Finance

Accounts Receivable 250,000 Accounts Payable260,000 Capital Surplus 100,000Cash 190,000 Common Stock 300,000Costs 640,000 Depreciation Expense40,000 Dividends 97,500 NetFurniture & Fixtures 200,000 Goodwill180,000 Interest Expense 50,000Inventory 175,000 Land 305,000Line of Credit (used) 200,000 Long Term Loan340,000 Retained Earnings 100,000Sales 980,000 Tax rate 21% Sharesoutstanding 15,000
Find Ratios:
Current Ratio 1.34
Total Debt Ratio .615
Earnings Per Share 13.17
Payables Turnover 2.46
Book Value Per Share 33.33
Days Sales in Payables 148.37
Trying to find out if I'm on the right track.

Answer & Explanation Solved by verified expert

3.6 Ratings (550 Votes)

AnswerYes all your ratios appear correctFrom given information let us construct the balance sheet asfollowsNet Income Sales Costs Depreciation Interest See Answer

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Accounts Receivable 250,000 Accounts Payable 260,000 Capital Surplus 100,000 Cash 190,000 Common Stock 300,000 Costs 640,000 Depreciation Expense 40,000...

80.2K

Verified Solution

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Finance

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