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I Current ratio li. Times interest earned jli. Inventory turnover

I Current ratio li. Times interest earned jli. Inventory turnover

Essentials Of Investments
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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  I Current ratio
li. Times interest earned
jli. Inventory turnover
¡v. Total asset turnover
v. Operating profit margin
Vi. Debt ratio
vi. Average collection period
Vii Fixed asset turnover
ixReturn on equity

Total liabilities Owner's equity Total liabilities and owners' equity Net sales (all credit) Cost of goods sold Gross profit Operating expenses Net operating in com e (EBIT) Interest expense Earnings before taxes Income taxes (35%) Net In com e $4,400,000 $4,600,000 $9,000,000 A. P. Coop In come Statem ent $9,000,000 ($3,500,000) $5,500,000 ($3,600,000) $1,900,000 ($450.000) $1,450,000 ($507.500) $942,500
Transcribed Image Text:Total liabilities Owner's equity Total liabilities and owners' equity Net sales (all credit) Cost of goods sold Gross profit Operating expenses Net operating in com e (EBIT) Interest expense Earnings before taxes Income taxes (35%) Net In com e $4,400,000 $4,600,000 $9,000,000 A. P. Coop In come Statem ent $9,000,000 ($3,500,000) $5,500,000 ($3,600,000) $1,900,000 ($450.000) $1,450,000 ($507.500) $942,500
3. The balance sheet and income statement for A. P. Coop Inc are as follows: A. P. Coop Inc Balance Sheet 2021 Cash $600,000 Account Receivable $2,100,000 Inventories $1,300,000 Total Current Asset $4,000,000 Net fixed Asset $5,000,000 Total Assets $9,000,000 Accounts Payable $1,100,000 Accrued Expenses $870,000 Short-term notes payable $330,000 Total Current liabilities $2,300,000 Long-term debt $2,100,000 Total liabilities $4,400,000 4.
Transcribed Image Text:3. The balance sheet and income statement for A. P. Coop Inc are as follows: A. P. Coop Inc Balance Sheet 2021 Cash $600,000 Account Receivable $2,100,000 Inventories $1,300,000 Total Current Asset $4,000,000 Net fixed Asset $5,000,000 Total Assets $9,000,000 Accounts Payable $1,100,000 Accrued Expenses $870,000 Short-term notes payable $330,000 Total Current liabilities $2,300,000 Long-term debt $2,100,000 Total liabilities $4,400,000 4.
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