Rainbow Beauty Goods just provided the following balance sheet and income statement items. Assume that the...

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Finance

Rainbow Beauty Goods just provided the following balance sheetand income statement items. Assume that the stock price is $10 pershare. All data are in thousands of dollars.
Netincome                                                                           400
Net plant andequipment                                                       2500
Notespayable                                                                       300
AccountsPayable                                                                 500
AccountsReceivable                                                            600
Addition to retainedearnings                                               250
Cash andequivalents                                                            200
Commonstock                                                                     100
Cost of goodssold                                                                 3700
Depreciation                                                                         300
Dividends on commonshares                                              150
Grossprofit                                                                           2300
Interestexpense                                                                    100
Inventories                                                                            700
Long termdebt                                                                      1100
Other currentliabilities                                                        500
Retainedearnings                                                                  1500
Sales                                                                                      6000
Selling, general and administrativeexpenses                       1200
Taxes                                                                                    300
Total SharesOutstanding                                                      800
Calculate firm’s Current ratio.
Calculate firm’s Quick Ratio
Calculate firm’s ROE.
Calculate firm’s Net Profit Margin.
Calculate firm’s EPS (Earnings per Share).

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4.4 Ratings (811 Votes)

Answer of Part a Current Assets Accounts Receivable Cash and Equivalents Inventories Current Assets 600 200 700 Current Assets 1500 Current Liabilities Notes Payable See Answer

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