These are financial statements from the textbook. You do not need to enter any data...
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Accounting
These are financial statements from the textbook. You do not need to enter any data here.
could u help me answer the third sheet base on first two sheets? and could u explain more specifically like how u get each answer?
Karl Company Income Statement For Year Ended Year 2 Year 2 Year 1 Revenues 436,000 360,000 Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Total Expenses Net Income 252,000 206,000 42,000 38,000 22,000 20,000 6,000 6,000 42,000 36,000 364,000 306,000 72,000 54,000 Karl Company Balance Sheet As of EOY Year 2 Year 2 Year 1 Assets Current assets Marketable Securities Accounts Receivable Inventories Prepaid Expenses Total current assets Plant and equipment (net) Intangibles Total long-term assets Total assets 74,000 84,000 2,000 2,000 70,000 64,000 200,000 192,000 6,000 4,000 352,000 346,000 210,000 210,000 40,000 250,000 210,000 602,000 556,000 wi 80,000 34,000 114,000 108,000 30,000 138,000 Liabilities and Stockholder's Equity Liabilities Current liabilities Accounts Payable Other Total current liabilities Long-term liabilities Bonds Payable Total long-term liabilities Total liabilities Stockholders' Equity Common Stock (100,000 shares) Retained Earnings Total Stockholders' equity Total liabilities and stockholders' equity 132,000 134,000 132,000 134,000 246,000 272,000 230,000 126,000 356,000 230,000 54,000 284,000 602,000 556,000 Required: Calculate the following ratios for Year 1 and Year 2. When data limitations prohibit computing averages, use year-end balances in your calculations. Round computations to two decimal points. Year 2 Ratio Year 1 Ratio Requirement a b d e f Ratio Required net margin return on investment return on equity earnings per share price-earnings ratio (market prices at the end of Year 1 and Year 2 were $11.88 and $9.54) book value per share of common stock time interest earned working capital current ratio quick ratio accounts receivable turnover inventory turnover debt-to-equity ratio debt-to-assets ratio gross margin g h i j k 1 m n OGet Answers to Unlimited Questions
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