The following information is available on the PARCO; Balance Sheet as of December 31, 2011...
90.2K
Verified Solution
Link Copied!
Question
Accounting
The following information is available on the PARCO; Balance Sheet as of December 31, 2011 2012 Cash & Mark. Sec. 8000 4500 Account Receivable 4500 8000 Inventories 5500 7000 Current Assets 18000 19500 Net Fixed Assets 35000 40000 Total Assets 53000 59500 Account Payable 4000 6000 Bank Loan 6400 2500 Accruals 5000 8000 Current Liabilities 15400 16500 Long Term Debt 20600 25000 Common Stock & R/E 17000 18000 Total L + O.E 53000 59500 Income Statement For 2012 Net Sales 90000 Cost of Goods Sold 40000 Gross Profit 50000 Selling & Admin Exp. 15500 Interest Exp. 5500 Profit before Tax 29000 Taxes (30%) 8700 Profit after Taxes 21300 Requirements: Calculate all possible Ratios for the data provided above.
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.