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The following information is available about Sunshine Enterprises: Accounts payable Accounts receivable Average inventory Buildings and land Cash Cost of goods sold EBIT Long-term bonds Price per share Price/Earnings ratio Stockholders equity Total assets Total sales $10 million $5.48 million $30 million ? $5 million $80 million $18 million $25 million with 10% coupon $72 18 ? $100 million $125 million

The following information is available about Sunshine Enterprises: Accounts payable Accounts receivable Average inventory Buildings and land Cash Cost of goods sold EBIT Long-term bonds Price per share Price/Earnings ratio Stockholders equity Total assets Total sales $10 million $5.48 million $30 million ? $5 million $80 million $18 million $25 million with 10% coupon $72 18 ? $100 million $125 million

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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Below question about Sunshine Enterprises consists of two parts (a and b). For information about Sunshine Enterprise, please refer to the table attached in the image below.

a) Calculate days sales outstanding, interest coverage ratio, debt ratio, inventory turnover ratio, and earnings per share.

b) Prepare a consolidated balance sheet for Sunshine Enterprises. 

The following information is available about Sunshine Enterprises: Accounts payable Accounts receivable Average inventory Buildings and land Cash Cost of goods sold EBIT Long-term bonds Price per share Price/Earnings ratio Stockholders equity Total assets Total sales $10 million $5.48 million $30 million ? $5 million $80 million $18 million $25 million with 10% coupon $72 18 ? $100 million $125 million
Transcribed Image Text:The following information is available about Sunshine Enterprises: Accounts payable Accounts receivable Average inventory Buildings and land Cash Cost of goods sold EBIT Long-term bonds Price per share Price/Earnings ratio Stockholders equity Total assets Total sales $10 million $5.48 million $30 million ? $5 million $80 million $18 million $25 million with 10% coupon $72 18 ? $100 million $125 million
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