mal places. Current ratio:
Use the following data:
Barry Computer Company
Cash 85,775 Accounts payable 171,550
Receivables 669,045 Other current liabilities 257,325
Inventories 446,030 Notes payable 85,775
Total current assets 1,200,850 Total current liabilities 514,650
Net fixed assets 514,650 Long-term debbt 394,565
Common equity 806,285
Total assets 1,715,500 Total liabilities and equity 1,715,500
Barry Computer Company Income Statement For the year ended December 31, 2014 In thousands of $
Sales 2,350,000
COGS
Materials 1,081,000
Labour 517,000
Heat, light and power 164,500
Indirect labour 188,000
Total COGS 2,044,500
Gross profit 305,500
Selling expenses 164,500
General and administrative expenses 47,000
EBIT 94,000
Interest expense 39,457
EBT 54,543
Federal and state income taxes (40%) 21,817
Net income 32,726
Calculate the following ratio for Barry Company. Round your answer to two decimal places.
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