Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. please help answer questions 5-10!! use the follo

please help answer questions 5-10!! Use the following to answer questions 1-15: Table 5-1...

50.1K

Verified Solution

Question

Finance

imageimageimage

please help answer questions 5-10!!

Use the following to answer questions 1-15: Table 5-1 Income Statement Balance Sheet Sales $20,000,000 Assets: Cash Marketable Securities 12,500,000 Accounts Receivable, net 2,500,000 Inventory Prepaid Expenses Plant & Equipment30000000 Cost of Goods Sold 8,000,000 $5,000,000 12,000,000 Selling and Administrative 1,600,000 Depreciation Interest Taxes (40%) Common Stock Div. 3,000,000 7,400,000 2.000,000 5,400,000 2.160,000 3,240,000 600,000 30,000,000 5,000,000 Total Assets 85,000 00 Liabilities and Equity: Accounts Payable Notes Payable Accrued Expenses Bonds Payable Common Stock Cepital in Excess of Per Retained Earnings $2,640,000 $20,000,000 5,000,000 5,000,000 25,000,000 5,000,000 10,000,000 5,000,000 Total Liabilities and Equity $85000 000 Shares outstending of common stock- 1,000,000 Market price of common stock $18. 1. The Current Ratio is: A) 0.55 B) 1.83 C) 0.183 D) 0.35 2. The Net Profit margin is: A) B) C) D) 16.2% 37% 60% 13.7% 3. The Quick Ratio is: A) 0.83 B) 1.20 C) 8.33 D) 0.29

Answer & Explanation Solved by verified expert
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

Other questions asked by students

Accounting
1.2K views

What is the nature and purpose of a "letter of representations"? Comment on the quality or...

Physics
1.2K views

(hrw8c13p51) A comet that was seen in April 574 by Chinese astronomers on a day...

Physics
1.2K views

8 A closed organ pipe and an open pipe of the same length produce 4...

Algebra
1.2K views

Find the exact value of the expression given below cos 105 Rewrite the expression using...

Accounting
1.2K views

Southworth Company uses a job-order costing system and applies manufacturing overhead cost to jobs on...

Accounting
1.2K views

Pool Corporation is the world's largest wholesale distributor of swimming pool supplies and equipment &...

Accounting
1.2K views

Coverall Inc. produces and sells a unique type of case for a standard-size tablet computer...

Accounting
1.2K views

1. During the year, More Value purchased a new building at a cost of $226,700....

Accounting
1.2K views

When confirming accounts payable, the approach is most likely to be one of: ...

Accounting
1.2K views

16. On January 1, 2016, Tolson Company accepted a 13% note, dated January 1, 2016,...

Accounting
1.2K views

Proceeds of life insurance paid due to the death of the decedent are included in...

Finance
1.2K views

3.- Mr. Musk is issuing today 3 percent annual coupon bond for 1000. The bond...