Cash & M/S 30,000 Accruals 20,000 Receivables 70,000 Accounts Payable 60,000 Inventories 120,000 Notes Payable 80,000...

Cash & M/S	30,000	Accruals	20,000
Receivables	70,000	Accounts Payable	60,000
Inventories	120,000	Notes Payable	80,000
Fixed Assets	380,000	L-T Liabilities	140,000
Total Assets	600,000	Common Equity	300,000
		Total	600,000

Annual Sales = $1,200,000
Net Income = $48,000
Cost of Goods Sold = $960,000
Number of Shares Outstanding = 30,000

What is the current ratio of the firm?

What is the debt ratio of the firm?

What is the total asset turnover ratio of the firm?

What is the days sales outstanding (DSO) of the firm? (Use a 360-day year.)

What is the return on equity?

What is the net profit margin of the firm?

Expert Solution

jeff jeffy answered 1 year ago

Balance Sheet Cash&MS- 30,000 Accruals- 20,000 Receivables- 70,000 Accounts Payable- 60,000 Inventories- 120,000 Notes Payable- 80,000...

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