3-8. (Working with an income statement and balance sheet) Prepare an income statement and a balance sheet for Lippo Group from the following scrambled list of items. What is the firm's net working capital and debt ratio? Sales $53.000 Accumulated depreciation 192,000 Cash Cost of goods sold 325.000 Accounts receivable 74,000 Depreciation expenses 40,000 Accounts payable 66,000 Interest expense 24,000 Short-term notes payable 30,000 Income taxes 59,850 Inventories 46,000 Marketing, general and administrative expenses 47,000 Gross fixed assets 650,000 Long-term debt 365,000 Common stock 125,000 Other assets 17,000 Retained earnings 138,500 In addition, the firm has 12,000 shares outstanding and paid $18.000 in common stock dividends during the year
3-8. (Working with an income statement and balance sheet) Prepare an income statement and a balance sheet for Lippo Group from the following scrambled list of items. What is the firm's net working capital and debt ratio? Sales $53.000 Accumulated depreciation 192,000 Cash Cost of goods sold 325.000 Accounts receivable 74,000 Depreciation expenses 40,000 Accounts payable 66,000 Interest expense 24,000 Short-term notes payable 30,000 Income taxes 59,850 Inventories 46,000 Marketing, general and administrative expenses 47,000 Gross fixed assets 650,000 Long-term debt 365,000 Common stock 125,000 Other assets 17,000 Retained earnings 138,500 In addition, the firm has 12,000 shares outstanding and paid $18.000 in common stock dividends during the year
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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