Statement of Financial Position For the Year-ended December 31 2014 2013 Cash 400,000 180,000 Short-term investments 5,600,000 1,800,000 Accounts receivable 1,480,000 1,060,000 Inventory 1,380,000 1,640,000 Other Current Assets 8,860,000 4,680,000 Total Current Assets 10,860,000 5,040,000 Equipment 6,800,000 5,200,000 Total Assets 17,660,000 10,240,000 Accounts Payable 6,600,000 2,620,000 Notes Payable - long term 2,460,000 2,120,000 Owner, Capital 8,600,000 5,500,000 Total liabilities and equity 17,660,000 10,240,000 Requirements: Compute for the company's profitability and operating efficiency ratios for 2014. Compute for the financial health ratios of the company in 2014 and 2013. a. b.

Statement of Financial Position For the Year-ended December 31 2014 2013 Cash 400,000 180,000 Short-term investments 5,600,000 1,800,000 Accounts receivable 1,480,000 1,060,000 Inventory 1,380,000 1,640,000 Other Current Assets 8,860,000 4,680,000 Total Current Assets 10,860,000 5,040,000 Equipment 6,800,000 5,200,000 Total Assets 17,660,000 10,240,000 Accounts Payable 6,600,000 2,620,000 Notes Payable - long term 2,460,000 2,120,000 Owner, Capital 8,600,000 5,500,000 Total liabilities and equity 17,660,000 10,240,000 Requirements: Compute for the company's profitability and operating efficiency ratios for 2014. Compute for the financial health ratios of the company in 2014 and 2013. a. b.

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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