Rainbow Beauty Goods just provided the following balance sheet and income statement items. Assume that...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Rainbow Beauty Goods just provided the following balance sheet and income statement items. Assume that the stock price is $10 per share. All data are in thousands of dollars.
Net income 400
Net plant and equipment 2500
Notes payable 300
Accounts Payable 500
Accounts Receivable 600
Addition to retained earnings 250
Cash and equivalents 200
Common stock 100
Cost of goods sold 3700
Depreciation 300
Dividends on common shares 150
Gross profit 2300
Interest expense 100
Inventories 700
Long term debt 1100
Other current liabilities 500
Retained earnings 1500
Sales 6000
Selling, general and administrative expenses 1200
Taxes 300
Total Shares Outstanding 800
-
- Calculate firms Current ratio.
-
- Calculate firms Quick Ratio
-
- Calculate firms ROE.
-
- Calculate firms Net Profit Margin.
-
- Calculate firms EPS (Earnings per Share).
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.