Cash & M/S 30,000 Accruals 20,000 Receivables 70,000 Accounts Payable 60,000 Inventories 120,000 Notes Payable 80,000 Fixed Assets 380,000 L-T Liabilities 140,000 Total Assets 600,000 Common Equity 300,000 Total 600,000 Annual Sales = $1,200,000 Net Income =...

50.1K

Verified Solution

Question

Finance

Cash & M/S
30,000
Accruals
20,000
Receivables
70,000
Accounts Payable
60,000
Inventories
120,000
Notes Payable
80,000
Fixed Assets
380,000
L-T Liabilities
140,000
Total Assets
600,000
Common Equity
300,000
Total
600,000
Annual Sales   = $1,200,000
Net Income     = $48,000
Cost of Goods Sold = $960,000
Number of Shares Outstanding = 30,000
What is the current ratio of the firm?
What is the debt ratio of the firm?
What is the total asset turnover ratio of the firm?
What is the days sales outstanding (DSO) of the firm? (Use a360-day year.)
What is the return on equity?
What is the net profit margin of the firm?

Answer & Explanation Solved by verified expert

3.8 Ratings (405 Votes)

See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member

Transcribed Image Text

Cash & M/S30,000Accruals20,000Receivables70,000Accounts Payable60,000Inventories 120,000 Notes Payable80,000Fixed Assets380,000L-T Liabilities140,000Total Assets600,000Common Equity300,000Total600,000Annual Sales = $1,200,000Net Income = $48,000Cost of Goods Sold = $960,000Number of Shares Outstanding = 30,000What is the current ratio of the firm?What is the debt ratio of the firm?What is the total asset turnover ratio of the firm?What is the days sales outstanding (DSO) of the firm? (Use a360-day year.)What is the return on equity?What is the net profit margin of the firm?

Cash & M/S	30,000	Accruals	20,000
Receivables	70,000	Accounts Payable	60,000
Inventories	120,000	Notes Payable	80,000
Fixed Assets	380,000	L-T Liabilities	140,000
Total Assets	600,000	Common Equity	300,000
		Total	600,000

Annual Sales = $1,200,000
Net Income = $48,000
Cost of Goods Sold = $960,000
Number of Shares Outstanding = 30,000