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ancial health of the given data b

ancial health of the given data b

FINANCIAL ACCOUNTING
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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Compute for the profitability ratio, operating efficiency, and financial health of the given data below.
EVALUATION > Compute for the profitability ratio, operating efficiency, and financial health of the given data below. > Write your answer on a separate sheet of paper. C&F Store C&F Store Statement of Comprehensive Income For the period ending December 31 Statement of Financial Position As of December 31 2014 2013 2014 2015 Cash 110,000 87,400 Sales 810,000.00 686,000.00 Accounts Recevable 90,000 69,920 Cost of Goods Sold 348,300.00 301,750.00 Inventory 129,000 218,500 Gross Profit 461,700.00 384,250 00 Prepaid Rent 12,000 4,370 Operatung Expenses 234,900.00 205,800.00 Delivery Van 550,000 493,810 Interest Expense 40,500.00 17,150.00 lotal Assets 891,000 874,000 Net Income 186,300.00 161,300.00 Accounts Payabie 75,000 67.298 Loan Payable 400,000 393,300 Anistle Cruz, Capital 416,000 413,402 Total Liabilities and Equity 891,000 874,000
Transcribed Image Text:EVALUATION > Compute for the profitability ratio, operating efficiency, and financial health of the given data below. > Write your answer on a separate sheet of paper. C&F Store C&F Store Statement of Comprehensive Income For the period ending December 31 Statement of Financial Position As of December 31 2014 2013 2014 2015 Cash 110,000 87,400 Sales 810,000.00 686,000.00 Accounts Recevable 90,000 69,920 Cost of Goods Sold 348,300.00 301,750.00 Inventory 129,000 218,500 Gross Profit 461,700.00 384,250 00 Prepaid Rent 12,000 4,370 Operatung Expenses 234,900.00 205,800.00 Delivery Van 550,000 493,810 Interest Expense 40,500.00 17,150.00 lotal Assets 891,000 874,000 Net Income 186,300.00 161,300.00 Accounts Payabie 75,000 67.298 Loan Payable 400,000 393,300 Anistle Cruz, Capital 416,000 413,402 Total Liabilities and Equity 891,000 874,000
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