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Answer the following questions using the financial statements that are presented for each problem and...

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Accounting

Answer the following questions using the financial statements that are presented for each problem and the additional information that is provided. Includes formula used and calculations. You must fill in each highlighted space with the correct figure or answer

Complete EnergyCorp's balancesheet,given the following information

image

In addition, the following information is provided:

  • Debt ratio = 40%
  • DSO = 39 days
  • Costs of goods sold = $1.6875 million
  • Sales = $2.25 million
  • Inventory turnover ratio = 3.375
  • Current ratio = 1.5

  1. For the year that ends June 30, 2018, Northern Air Cooling Corporation has:
  • Total assets = $87,631,181
  • ROA = 11.67 %
  • ROE = 21.19 %
  • Net profit margin = 11.59 %

Determine the following(3 puntos):

  1. Net income: _____________
  2. Sales: _____________
  3. Debt-to-equity ratio: _____________
Energy Corp. Balance Sheet as of 12/31/2018 Liabilities and Stockholders' Equity Assets Accounts payable Cash and marketable securities Accounts receivable Inventories Total current assets Notes payable $ 300,000 $2,000,000 Net plant and equipment Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and stockholders' equity $1,250,000 Total assets $8,000,000

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