201Y 201X Sales $6,893,755 $5,893,755 Cost of Sales $5,300,807 $4,600,807 Gross profit $1,592,948 $1,292,948 Depreciation and amoritization $364,273
View the step-by-step solution to:

Question

201Y 201X

Sales $6,893,755 $5,893,755

Cost

of Sales $5,300,807 $4,600,807

Gross profit $1,592,948 $1,292,948

Depreciation and amoritization $364,273 $354,273

SG&A $902,820 $702,820

Income from operations (EBIT) $325,855 $235,855

Other income (expense)

Interest expense $48,905 $28,905

Interest income $3,465 $1,465

Gain on sale of assets $8,059 $9,059

Income before taxes (EBT) $265,426       $196,426

Income tax expense  $161,910 $119,820

Net income $103,516 $76,606

SG&A is selling and general administrative expense

Income tax rate is 39.0%


based on these numbers, what are the

Liquidity Ratios

  • Current Ratio =?
  • Quick Ratio =?

Leverage Ratios

  • Debt to Equity =?
  • Debt to Total Assets =?
  • Interest Coverage =?

Management Efficiency Ratios

  • Accounts Receivable Turnover =?
  • Days Sales Outstanding =?
  • Days of Inventory =?
  • Accounts Payable Turnover =?

Profitability Ratios

Recently Asked Questions

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask Expert Tutors You can ask 0 bonus questions You can ask 0 questions (0 expire soon) You can ask 0 questions (will expire )
Answers in as fast as 15 minutes