Statement of Financial Position as of December 31, 2020Cash = 100Accounts Receivable = 770Inventory =...
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Accounting
Statement of Financial Position as of December 31, 2020
Cash = 100
Accounts Receivable = 770
Inventory = 310
Fixed Assets Net of Depreciation = 875
Total Assets = 2,055
Accounts Payable = 665
Notes Payable = 700
Total Liabilities = 1,365
Share Capital (150 Common Shares, 200 Market Price per Share) = 450
Retained Earnings = 240
Total Equity = 690
Total Liabilities and Equity = 2,055
Extracts from Year's Statement of Income:
Sales for the year = 3,100
Gross Profit = 1,725
Expenses = 805
Depreciation = 250
Direction: Compute for the following:
Gross Profit Margin
Net Profit Margin
Return on Total Assets
Quick Ratio
Average Collection Period
Accounts Receivable Turnover
Inventory Turnover
Fixed Assets Turnover
Current Ratio
Debt to Total Asset Ratio
Debt to Equity Ratio
Long term Debt to Equity Ratio
Total Asset Turn over
Earnings per share
Price earning ratio
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