Help calculating Balance sheet items with limited information. Specifically need to know how to calculate these: cash, A/R (net) Iinventory Property, plant, and Equipment (net) current liabilities long-term liabilities shareholder equity Known info-Interest expense of $9 and income tax expense of $26 debt to equity ratio 1.0 current ratio 2.0 Acid-test ratio 1.0 times interest earned ratio 10 times return on assets 25%Return on equity 50%profit margin on sales 10%gross profit margin 30%inventory turnover 9 times receivables turnover 15 times.
Help calculating Balance sheet items with limited information. Specifically need to know how to calculate these: cash, A/R (net) Iinventory Property, plant, and Equipment (net) current liabilities long-term liabilities shareholder equity Known info-Interest expense of $9 and income tax expense of $26 debt to equity ratio 1.0 current ratio 2.0 Acid-test ratio 1.0 times interest earned ratio 10 times return on assets 25%Return on equity 50%profit margin on sales 10%gross profit margin 30%inventory turnover 9 times receivables turnover 15 times.
Chapter3: Financial Statements, Tools, And Budgets
Section: Chapter Questions
Problem 3DTM
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Help calculating
cash,
A/R (net)
Iinventory
Property, plant, and Equipment (net)
current liabilities
long-term liabilities
shareholder equity
Known info-Interest expense of $9 and income tax expense of $26
debt to equity ratio 1.0
Acid-test ratio 1.0
times interest earned ratio 10 times
return on assets 25%
Return on equity 50%
profit margin on sales 10%
gross profit margin 30%
inventory turnover 9 times
receivables turnover 15 times.
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