The following are the ledgers of XYZ Company for the year ended December 31, 2017. Net Sales 1,890,540.00 Cash 60,100.00 Cost of Goods Sold 1,058,540.00 Short-term Investments 74,000.00 Accounts Receivable Operating Expenses Interest Expense 506,000.00 107,800.00 25,000.00 Merchandise Inventory 133,000.00 Income Tax Expense 86,000.00 Machineries, net 615,300.00 Accounts Payable Income Taxes Payable Long-term Notes Payable Owner's Equity 160,000.00 43,500.00 210,000.00 576,700.00
The following are the ledgers of XYZ Company for the year ended December 31, 2017. Net Sales 1,890,540.00 Cash 60,100.00 Cost of Goods Sold 1,058,540.00 Short-term Investments 74,000.00 Accounts Receivable Operating Expenses Interest Expense 506,000.00 107,800.00 25,000.00 Merchandise Inventory 133,000.00 Income Tax Expense 86,000.00 Machineries, net 615,300.00 Accounts Payable Income Taxes Payable Long-term Notes Payable Owner's Equity 160,000.00 43,500.00 210,000.00 576,700.00
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 11E
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Answer the following:
A. What is the company’s return on asset?
B. What is the company’s net profit margin?
C. What is the company’s days receivable?
D. What is the company’s quick ratio?
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