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BA1120 Practice Questions Question 3 The 2023 financial statements for Kassandra...

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Accounting

BA1120 Practice Questions
Question 3
The 2023 financial statements for Kassandra Corp are as follows:
Assume all sales were on credit and long-term note payable is due in 2026, with no current portion.
December 31,2022, the balance sheet totalled $432,720, common shares were $192,000 and retained
earnings were $107,640.
Required: Calculate the following:
a) Current ratio
b) Quick ratio
c) Days' sales uncollected
d) Inventory turnover
e) Days' sales in inventory
f) Ratio of pledged plant assets to secured liabilities
g) Times interest earned
h) Profit margin
i) Total asset turnover
ji.return on total asset
k) Return on common shareholders' equity
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