Part 3: Financial Ratios Review (32 marks) The following table presents the data for CanDo...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Part 3: Financial Ratios Review (32 marks)
The following table presents the data for CanDo Inc. as of December 31, 2018:
| Accounts payable | $126,000 |
| Accounts receivable | $165,000 |
| Cash and cash equivalents | $106,000 |
| CoGS | $271,600 |
| Common stock | $1,090,000 |
| Depreciation | $42,000 |
| Dividend payout ratio | 40% |
| Interest paid | $38,596 |
| Inventory | $175,000 |
| Long-term debt | $1,856,000 |
| Net fixed assets | $2,932,000 |
| Sales | $440,000 |
| Short-term debt | $142,872 |
| Tax rate | 31% |
Calculate the following financial ratios for CanDo Inc. in the fiscal year of 2019 (round all answers to six decimal places):
1. Interval measure
2. total debt ratio
3. debt equity
4. equity multiplier
5. long term debt ratio
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.