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Refer to the tables above. Marni's quick ratio is

Refer to the tables above. Marni's quick ratio is

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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MARNI COMPANY Balance Sheet As of December 31 ASSETS Cash 50,000 100,000 200,000 Accounts receivable Inventory Net plant and equipment 650,000 $1,000,000 Total assets LIABILITIES AND STOCKHOLDERS’ EQUITY Accounts payable Accrued expenses $ 100,000 90,000 250,000 100,000 50,000 Long-term debt Common stock Paid-in capital Retained earnings 410,000 $1,000,000 Total liabilities and stockholders' equity MARNI COMPANY Income Statement For the year ended December 31 Sales (all on credit) Cost of goods sold Gross profit $2,000,000 1,750,000 24 250,000 Sales and adminictrative evnences 000 0E %24 %24
Transcribed Image Text:MARNI COMPANY Balance Sheet As of December 31 ASSETS Cash 50,000 100,000 200,000 Accounts receivable Inventory Net plant and equipment 650,000 $1,000,000 Total assets LIABILITIES AND STOCKHOLDERS’ EQUITY Accounts payable Accrued expenses $ 100,000 90,000 250,000 100,000 50,000 Long-term debt Common stock Paid-in capital Retained earnings 410,000 $1,000,000 Total liabilities and stockholders' equity MARNI COMPANY Income Statement For the year ended December 31 Sales (all on credit) Cost of goods sold Gross profit $2,000,000 1,750,000 24 250,000 Sales and adminictrative evnences 000 0E %24 %24
Saved LUNG-terII uebt UUש ,שכZ Common stock Paid-in capital Retained earnings 100,000 50,000 410,000 $1,000,000 Total liabilities and stockholders' equity MARNI COMPANY Income Statement For the year ended December 31 Sales (all on credit) $2,000,000 1,750,000 Cost of goods sold Gross profit Sales and administrative expenses $250,000 30,000 Fixed lease expenses 10,000 60,000 $150,000 25,000 $ 125,000 50,000 75,000 Depreciation Operating profit Interest expense Profit before taxes Taxes (40%) Net income Refer to the tables above. Marni's quick ratio is
Transcribed Image Text:Saved LUNG-terII uebt UUש ,שכZ Common stock Paid-in capital Retained earnings 100,000 50,000 410,000 $1,000,000 Total liabilities and stockholders' equity MARNI COMPANY Income Statement For the year ended December 31 Sales (all on credit) $2,000,000 1,750,000 Cost of goods sold Gross profit Sales and administrative expenses $250,000 30,000 Fixed lease expenses 10,000 60,000 $150,000 25,000 $ 125,000 50,000 75,000 Depreciation Operating profit Interest expense Profit before taxes Taxes (40%) Net income Refer to the tables above. Marni's quick ratio is
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