Class Problem - Fin.j Perf. Measurment Answer

Class Problem - Fin.j Perf. Measurment Answer - ACII Class...

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ACII Class Problem Financial Performance Measurment 1. From the following information, compute the ratios indicated and place the proper numbers in the spaces provided. Assume the average for the year is the same as the ending balances for the balance sheet accounts. Round percentages to one decimal place, and show your work. Westwood Corporation Balance Sheet December 31, 20xx Assets Cash $ 15,000 Marketable securities 10,000 Accounts receivable (net) 20,000 Inventory 30,000 Prepaid expenses 8,000 Property, plant, and equipment 117,000 Total assets $200,000 Liabilities and Stockholders' Equity Current liabilities $ 30,000 Long-term liabilities 50,000 Stockholders' equity 120,000 Total liabilities and stockholders' equity $200,000 Westwood Corporation Income Statement For the Year Ended December 31, 20xx Net sales $160,000 Cost of goods sold 120,000 Gross margin $ 40,000 Operating expenses Selling and administrative expenses $ 16,000 Interest expense 8,000 Income taxes expense 4,000 28,000
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Class Problem - Fin.j Perf. Measurment Answer - ACII Class...

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