Complete the 2006 Balance Sheet for O'Keefe Industries using the information that follows it. O'Keefe Industries Balance Sheet December 31, 2012 Assets Liabilities and Stockholders' Equity Cash $32,720 Accounts payable Notes payable $120,000 Marketable securities 2.5,000 Accounts receivable Accruals 20,000 Inventories Total current liabilities Long-term debt Stockholders' equity Total current assets Net fixed assets $600,000 Total assets Total liabilities and stockholders' equity S The following financial data for 2012 are also available: 1. Sales totaled $1,800,000. 2. The gross profit margin was 25%. 3. Inventory turnover was 6.0. 4. There are 365 days in the year. 5. The average collection period was 40 days. 6. The current ratio was 1.60. 7. The total asset turnover ratio was 1.20. 8. The debt ratio was 60%.

Complete the 2006 Balance Sheet for O'Keefe Industries using the information that follows it. O'Keefe Industries Balance Sheet December 31, 2012 Assets Liabilities and Stockholders' Equity Cash $32,720 Accounts payable Notes payable $120,000 Marketable securities 2.5,000 Accounts receivable Accruals 20,000 Inventories Total current liabilities Long-term debt Stockholders' equity Total current assets Net fixed assets $600,000 Total assets Total liabilities and stockholders' equity S The following financial data for 2012 are also available: 1. Sales totaled $1,800,000. 2. The gross profit margin was 25%. 3. Inventory turnover was 6.0. 4. There are 365 days in the year. 5. The average collection period was 40 days. 6. The current ratio was 1.60. 7. The total asset turnover ratio was 1.20. 8. The debt ratio was 60%.

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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Based on the financial statements below, what is the current ratio and quick ratio?
Selected financial data for Wilmington Corporation is presented below. WILMINGTON CORPORATION Balance Sheet As of December 31 Year 7 Year 6 Current Assets Cash and cash equivalents $ 634,527 $ 335,597 Marketable securities 166,106 187,064 Accounts receivable (net) 284,226 318,010 Inventories 466,942 430,249 Prepaid expenses 60,906 28,060 Other current assets 83,053 85,029 Total Current Assets 1,695,760 1,384,009 Property, plant and equipment 1,384,217 625,421 Long-term investment 568,003 425,000 Total Assets $3,647,980 $2,434,430 Current Liabilities Short-term borrowings $ 306,376 $ 170,419 Current portion of long-term debt 155,000 168,000 Accounts payable 279,522 314,883 Accrued liabilities 301,024 183,681 Income taxes payable 107,509 196,802 Total Current Liabilities 1,149,431…
You have been supplied with the following data for Jazz Limited and its industry averages. Balance Sheet March 31, 2020 Assets: Cash Liabilities and Equity: Accounts Payable Accrued expenses Other current liabilities 12.300 31,500 Accounts Receivable Merchandise Inventory Plant and Equipment 36,000 60,800 1,200 26,000 Long-term debt 10% Preference share capital Ordinary share capital Retained Earnings 151,000 34,000 40,000 100,000 27,400 Total Assets P260,100 Total Liabilities and Equity P260,100 Income Statement March 31, 2020 Sales 225,000 Less: Cost of goods sold Selling expenses Administrative expenses Research and development exp. Interest expense Earnings before taxes Less: Income tax (35%) Net income 152,500 29,500 14,800 6,500 2.900 206,200 18,800 6.580 12.220 5,000 Dividends paid to equity holders Financial Ratios of Company Current ratio Stock turnover Collection period Debt to Equity Interest coverage ratio Asset turnover Financial Ratios of industry 2.2 2.8 times 56 days…
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WD Corporation reports the following year-end balance sheet data. The company's debt-to-equity ratio equals: Cash $ 42,000 Current liabilities $ 77,000 Accounts receivable 57,000 Long-term liabilities 28,000 Inventory 62,000 Common stock 102,000 Equipment 147,000 Retained earnings 101,000 Total assets $ 308,000 Total liabilities and equity $ 308,000
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