The balance sheet and income statement for the A. Thiel Mfg. Company are given in...
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Accounting
The balance sheet and income statement for the A. Thiel Mfg. Company are given in the popup window: LOADING... . Calculate the following ratios: a. Current ratio b. Operating return on assets c. Times interest earned d. Debt ratio e. Inventory turnover f. Average collection period g. Total asset turnover h. Fixed asset turnover i. Operating profit margin j. Return on equity Cash $ 523 Accounts receivable 1978 Inventories 1,021 Current assets $ 3,522 Net fixed assets 4,511 Total assets $ 8,033 Accounts payable $ 1,099 Accrued expenses 592 Short-term notes payable 292 Current liabilities $ 1983 Long-term debt 2,010 Owners' equity 4,040 Total liabilities and owners' equity 8,033 Net sales (all credit) $ 8018 Cost of goods sold (3,291) Gross profit $ 4,727 Operating expenses (includes $519 depreciation) (2,980) Operating income $ 1,747 Interest expense (331) Earnings before taxes $ 1,416 Income taxes (21%) (297) Net income $1119
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