lesson 2 Assignment #2

lesson 2 Assignment #2 - Chapter 3 Ratios and Financial...

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Chapter 3 Input area: Sales $30,499,420 COGS 22,224,580 Other expenses 3,867,500 Depreciation 1,366,680 EBIT $3,040,660 Interest 478,240 Taxable income $2,562,420 Taxes (40%) 1,024,968 Net income $1,537,452 Dividends $560,000 Add to RE $977,452 Assets Current Assets Current Liabilities Cash $441,000 Accounts Payable $889,000 Accounts rec. 708,400 Notes Payable 2,030,000 Inventory 1,037,120 Total CL $2,919,000 Total CA $2,186,520 Long-term debt $5,320,000 Shareholder Equity Fixed assets Common stock $350,000 $16,122,400 Retained earnings 9,719,920 Total Equity $10,069,920 Total Assets $18,308,920 $18,308,920 Output area: Question 1: Current ratio 0.75 Quick ratio 0.39 Cash ratio 0.15 Total asset turnover 1.67 Inventory turnover 21.43 Receivables turnover 43.05 Total debt ratio 0.45 Debt-equity ratio 0.53 Equity multiplier 1.82 Times interest earned 6.36 Cash coverage ratio 9.22 Profit margin 5.04% Return on assets
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This note was uploaded on 06/25/2011 for the course FINC 561 taught by Professor Lee during the Spring '11 term at Andrews Univeristy.

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lesson 2 Assignment #2 - Chapter 3 Ratios and Financial...

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