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Income stat Information et revenue ost of goods sold elling, general, and administrative expenses Interest expense ncome tax expense et income elect Statement of Cash Flows Information ash paid for interest ash flows from operating activities elect Balance Sheet Information $ 4,592 $ 4,356 2,697 2,569 1,323 1,262 112 253 414 85 708 110 244 375 89 613

Income stat Information et revenue ost of goods sold elling, general, and administrative expenses Interest expense ncome tax expense et income elect Statement of Cash Flows Information ash paid for interest ash flows from operating activities elect Balance Sheet Information $ 4,592 $ 4,356 2,697 2,569 1,323 1,262 112 253 414 85 708 110 244 375 89 613

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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Select Income Statement Information Net revenue Cost of goods sold SHARP (in millions) Selling, general, and administrative expenses Interest expense Income tax expense Net income Select Statement of Cash Flows Information Cash paid for interest Cash flows from operating activities Select Balance Sheet Information Cash and equivalents Marketable securities Accounts receivable Inventories Prepaid expense and other current assets Accounts payable Current accrued expenses Current portion of long-term debt Other current liabilities Long-term debt Receivable turnover ratio Inventory turnover ratio Current ratio Cash ratio Times interest earned ratio Cash coverage ratio Current Year $ 4,592 $ 4,356 2,697 2,569 1,323 1,262 110 244 375 112 253 414 85 708 553 Prior Year 548 291 66 250 477 21 142 1,400 89 613 432 26 565 300 45 141 422 48 105 1,341 Required: Compute the following ratios for the current year: (Round your answers to 2 decimal places.)
Transcribed Image Text:Select Income Statement Information Net revenue Cost of goods sold SHARP (in millions) Selling, general, and administrative expenses Interest expense Income tax expense Net income Select Statement of Cash Flows Information Cash paid for interest Cash flows from operating activities Select Balance Sheet Information Cash and equivalents Marketable securities Accounts receivable Inventories Prepaid expense and other current assets Accounts payable Current accrued expenses Current portion of long-term debt Other current liabilities Long-term debt Receivable turnover ratio Inventory turnover ratio Current ratio Cash ratio Times interest earned ratio Cash coverage ratio Current Year $ 4,592 $ 4,356 2,697 2,569 1,323 1,262 110 244 375 112 253 414 85 708 553 Prior Year 548 291 66 250 477 21 142 1,400 89 613 432 26 565 300 45 141 422 48 105 1,341 Required: Compute the following ratios for the current year: (Round your answers to 2 decimal places.)
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