A firm has the following accounts and financial data for 2020: Note: the company does not have preferred stocks. Current Assets 90000 Quick ratio 1.3 Current liabilities 28000 Sales 1500000 Gross profit 850000 Long term debt 33000 Retained earnings2019 250000 Retained earnings2020 270000 Common stock equity 100000 Net profit margin 13% Find the following: Inventory Cost of goods sold

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
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A firm has the following accounts and financial data
for 2020:
Note: the company does not have preferred
stocks.
Current Assets
90000
Quick ratio
1.3
Current liabilities
28000
Sales
1500000
Gross profit
850000
Long term debt
33000
Retained earnings2019
250000
Retained earnings2020
270000
Common stock equity
100000
Net profit margin
13%
Find the following:
Inventory
Cost of goods sold
Transcribed Image Text:A firm has the following accounts and financial data for 2020: Note: the company does not have preferred stocks. Current Assets 90000 Quick ratio 1.3 Current liabilities 28000 Sales 1500000 Gross profit 850000 Long term debt 33000 Retained earnings2019 250000 Retained earnings2020 270000 Common stock equity 100000 Net profit margin 13% Find the following: Inventory Cost of goods sold
Cost of goods sold
Inventory turnover
Total assets
Debt to equity ratio
Earnings available for common
stockholders
Dividend paid in 2020
ROA
Transcribed Image Text:Cost of goods sold Inventory turnover Total assets Debt to equity ratio Earnings available for common stockholders Dividend paid in 2020 ROA
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