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Part 3: Calculate the following. If a "%" is required, calculate the number first, round to TWO digits after the decimal point, then convert to "%". For example, if you were to calculate a number to to 0.61823, convert to % to get 61.823%, round to two digits after the decimal point to get 61.82%. Current Ratio (write the numbers you are using to calculate current ratio (not %), then state the ratio with two digit after the decimal point. No need to type "$" since it was already displayed): $ • Net Working Capital (write the numbers you are using to calculate Net Working Capital, then state the answer with "," if needed, and no spaces. No need to type "$" since it was already displayed): $ $ /$ • Return on Equity (Calculate and convert to "%". Make sure type % without spaces. No need to type "$" since it was already displayed): $ - $ • Earnings per share: Calculate and write the number (showing 2 digits after the decimal point. No need to type "$" since it was already displayed): $ /$ • Debt to Equity Ratio Calculate and convert to "%". Make sure type % without spaces. No need to type "$" since it was already displayed): = $ /$

Part 3: Calculate the following. If a "%" is required, calculate the number first, round to TWO digits after the decimal point, then convert to "%". For example, if you were to calculate a number to to 0.61823, convert to % to get 61.823%, round to two digits after the decimal point to get 61.82%. Current Ratio (write the numbers you are using to calculate current ratio (not %), then state the ratio with two digit after the decimal point. No need to type "$" since it was already displayed): $ • Net Working Capital (write the numbers you are using to calculate Net Working Capital, then state the answer with "," if needed, and no spaces. No need to type "$" since it was already displayed): $ $ /$ • Return on Equity (Calculate and convert to "%". Make sure type % without spaces. No need to type "$" since it was already displayed): $ - $ • Earnings per share: Calculate and write the number (showing 2 digits after the decimal point. No need to type "$" since it was already displayed): $ /$ • Debt to Equity Ratio Calculate and convert to "%". Make sure type % without spaces. No need to type "$" since it was already displayed): = $ /$

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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Revenue Cost of sales Gross margins Operating expenses: Research & Development Selling, general & administrative Total operating expenses Operating income Income taxes Net income $ ASSETS: Current assets: Cash and cash equivalents Accounts receivable Inventories Total current assets Non-current assets Total assets LIABILITIES AND SHAREHOLDER'S EQUITY: Current liabilities: Account pavable Notes payable Total current liabilities Non-current liabilities Total Liabilities Shareholders' equity: Common stock (20,000 common shares outstanding) Retained earning Total shareholders' equity Total Liabilities and Shareholders' Equity Total number common shares outstanding 31-Dec-22 $295,110 188,432 106,678 22.035 26.321 48.356 58,322 12,831 $45.491 31-Dec-22 $88.252 43.290 10.920 142,462 175.697 $318,159 $64.352 33.482 97,834 99,728 197.562 38,035 82,562 120.597 $318,159 20,000
Transcribed Image Text:Revenue Cost of sales Gross margins Operating expenses: Research & Development Selling, general & administrative Total operating expenses Operating income Income taxes Net income $ ASSETS: Current assets: Cash and cash equivalents Accounts receivable Inventories Total current assets Non-current assets Total assets LIABILITIES AND SHAREHOLDER'S EQUITY: Current liabilities: Account pavable Notes payable Total current liabilities Non-current liabilities Total Liabilities Shareholders' equity: Common stock (20,000 common shares outstanding) Retained earning Total shareholders' equity Total Liabilities and Shareholders' Equity Total number common shares outstanding 31-Dec-22 $295,110 188,432 106,678 22.035 26.321 48.356 58,322 12,831 $45.491 31-Dec-22 $88.252 43.290 10.920 142,462 175.697 $318,159 $64.352 33.482 97,834 99,728 197.562 38,035 82,562 120.597 $318,159 20,000
Part 3: Calculate the following. If a "%" is required, calculate the number first, round to TWO digits after the decimal point, then convert to "%". For example, if you were to calculate a number to to 0.61823, convert to % to get 61.823%, round to two digits after the decimal point to get 61.82%. . . Current Ratio (write the numbers you are using to calculate current ratio (not %), then state the ratio with two digit after the decimal point. No need to type "$" since it was already displayed): . $ • Net Working Capital (write the numbers you are using to calculate Net Working Capital, then state the answer with "," if needed, and no spaces. No need to type "$" since it was already displayed): $ $ /$ Return on Equity (Calculate and convert to "%". Make sure type % without spaces. No need to type "$" since it was already displayed): $ - $ tA Earnings per share: Calculate and write the number (showing 2 digits after the decimal point. No need to type "$" since it was already displayed): $ = $ /$ Debt to Equity Ratio Calculate and convert to "%". Make sure type % without spaces. No need to type "$" since it was already displayed): /$ $
Transcribed Image Text:Part 3: Calculate the following. If a "%" is required, calculate the number first, round to TWO digits after the decimal point, then convert to "%". For example, if you were to calculate a number to to 0.61823, convert to % to get 61.823%, round to two digits after the decimal point to get 61.82%. . . Current Ratio (write the numbers you are using to calculate current ratio (not %), then state the ratio with two digit after the decimal point. No need to type "$" since it was already displayed): . $ • Net Working Capital (write the numbers you are using to calculate Net Working Capital, then state the answer with "," if needed, and no spaces. No need to type "$" since it was already displayed): $ $ /$ Return on Equity (Calculate and convert to "%". Make sure type % without spaces. No need to type "$" since it was already displayed): $ - $ tA Earnings per share: Calculate and write the number (showing 2 digits after the decimal point. No need to type "$" since it was already displayed): $ = $ /$ Debt to Equity Ratio Calculate and convert to "%". Make sure type % without spaces. No need to type "$" since it was already displayed): /$ $
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