Calculate the financial ratios of D&G Co. for 2019 and interpret the financial position of the firm.you already answer first three sub ı need rest of them. Balance SheetD&G Co.December 31, 2019AssetsCash$ 1,000Accounts Receivable8,9004,350$14,250InventoriesTotal Current AssetsGross Fixed Assets$35,000Less: Accumulated DepreciationNet Fixed Assets13,25021,750$36,000Total AssetsLiabilities & Stockholders' Equity$ 9,0006,675$15,675Accounts PayableAccrualsTotal Current LiabilitiesLong-term DebtTotal Liabilities4,125$19,800Common StockRetained EarningsTotal Stockholders' EquityTotal Liabilities & Stockholders Equity1,00015,200$16,200$36,000 D&G Co. Key RatiosIndustryAverage1.320182019Current RatioQuick RatioAverage collection Period 23 daysInventory TurnoverDebt Ratio1.00.80.7530 days21.71964.7%50%Times Interest Earned4.85.5Gross Profit MarginNet Profit Margin13.6%12.0%1.0%0.5%Return on total assets2.9%2.0%Return on Equity8.2%4.0°%Income StatementD&G Co.For the Year Ended December 31, 2019$100,00087,000$13,000Sales RevenueLess: Cost of Goods SoldGross ProfitsLess: Operating ExpensesOperating ProfitsLess: Interest ExpenseNet Profits Before Taxes11,000$2,000500$1,500Less: Taxes (40%)600$900Net Profits After Taxes

Ratio is the analysis tool which define the relationship between items of income statement and…

Balance Sheet D&G Co. December 31, 2019 Assets Cash $ 1,000 Accounts Receivable 8,900 4,350 $14,250 Inventories Total Current Assets Gross Fixed Assets $35,000 Less: Accumulated Depreciation 13,250 Net Fixed Assets 21,750 $36,000 Total Assets Liabilities & Stockholders' Equity Accounts Payable Асcruals $9,000 6,675 $15,675 Total Current Liabilities Long-term Debt Total Liabilities 4,125 $19,800 Common Stock 1,000 Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders Equity 15,200 $16,200 $36,000

Balance Sheet D&G Co. December 31, 2019 Assets Cash $ 1,000 Accounts Receivable 8,900 4,350 $14,250 Inventories Total Current Assets Gross Fixed Assets $35,000 Less: Accumulated Depreciation 13,250 Net Fixed Assets 21,750 $36,000 Total Assets Liabilities & Stockholders' Equity Accounts Payable Асcruals $9,000 6,675 $15,675 Total Current Liabilities Long-term Debt Total Liabilities 4,125 $19,800 Common Stock 1,000 Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders Equity 15,200 $16,200 $36,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter4: Accounting For Retail Operations

Section: Chapter Questions

Problem 4.2MBA: Sales transactions Using transactions listed in P4-2, indicate the effects of each transaction on...

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