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  3. . . . . calculate the following ratios for siam re

. . . . Calculate the following ratios for SIAM RED COMPANY: Fixed assets turnover...

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Accounting

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. . . . Calculate the following ratios for SIAM RED COMPANY: Fixed assets turnover Quick ratio Interest coverage Accounts receivable turnover Total Assets turnover Profit Margin Ratio SIAM RED COMPANY Current Assets Liabilities Cash... $ 20,000 Accounts payable ......... $100,000 Accounts receivable 80,000 Bonds payable (long-term)... 80,000 Inventory... 50,000 Long-Term Assets Stockholders' Equity Fixed assets.... $500,000 Common stock.... $150,000 Less: Accumulated depreciation (150,000) Paid-in capital 70,000 Net fixed assets 350.000 Retained earnings.... 100,000 Total assets... $500.000 Total liab, and equity. $500,000 Sales (on credit)... $1,250,000 Cost of goods sold... 750,000 Gross profit...... 500,000 Selling and administrative expense 257,000 Less: Depreciation expense, 50,000 Operating profit........ 193,000 Interest expense. 8.000 Earnings before taxes. 185.000 Tax expense.. 92.500 Net income $ 92,500 *Use net fixed assets in computing fixed asset turnover

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