assignm4 - $3,250,000.00 Variable Costs-$2,400,000.00...

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ASSETS LIABILITIES Cash $50.00 Accounts Payable $600.00 AR $250.00 Note Payable $500.00 Inv $1,300.00 Accruals $250.00 CURRENT ASSETS $1,600.00 CURRENT LIABILITIES $1,350.00 $500.00 Mortgage $500.00 Equipment $500.00 Common Shares $250.00 TOTAL ASSETS $2,600.00 Retained Earnings $500.00 TOTAL CLAIMS $2,600.00 Current Ratio 1.19 Return on Assets 0.12 Debt Ratio 0.71 Situation 1 Situation 2 Sales $3,200,000.00
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Unformatted text preview: $3,250,000.00 Variable Costs-$2,400,000.00 -$2,437,800.00 Gross Profit $800,000.00 $812,200.00 Collection Expenses-$70,000.00 -$44,000.00 Bad Dept Expense-$48,000.00 -$81,250.00 Opportunity Cost $- -$5,320.00 Net Income Before Taxes $682,000.00 $681,630.00 Taxes-$272,800.00 -$272,652.00 Net Income After Taxes $409,200.00 $408,978.00 NET INCOME Sales $6,000.00 Income (5% of Sales) $300.00...
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assignm4 - $3,250,000.00 Variable Costs-$2,400,000.00...

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