A company has the following balance sheet information: cash of $127,536, current assets of $350,647, current liabilities of $289,615, long-term debt of $345,000 and total assets of $1,304,165. It also has sales of $1,600,400. a. What is the company's owner's equity balance? b. What is the company's cash and current ratios? c. What is the company's total asset turnover? d. If the profit margin is 25%, what is the company's net income? e. If you were to create a common size balance sheet, what would the cash line be? What would the long-term debt line be? What is the company's ROE? f.

A company has the following balance sheet information: cash of $127,536, current assets of $350,647, current liabilities of $289,615, long-term debt of $345,000 and total assets of $1,304,165. It also has sales of $1,600,400. a. What is the company's owner's equity balance? b. What is the company's cash and current ratios? c. What is the company's total asset turnover? d. If the profit margin is 25%, what is the company's net income? e. If you were to create a common size balance sheet, what would the cash line be? What would the long-term debt line be? What is the company's ROE? f.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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