Question 2 – Ratio AnalysisTanesha D Company Limited makes sales of $6,900,000 over the 2019 fiscal period. If the company states the following financials:Costs of goods sold $4,200,000.00Depreciation expenses $235,000.00Interest expenses $85,000.00Preferred stocks dividends $10,800.00 Use the figures above to complete the income statement on the next page and perform calculations.Update the Income Statement Calculate the current ratio Calculate the Average collection period

Name: Question 2 – Ratio AnalysisTanesha D Company Limited makes sales of $
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Description: Question 2 – Ratio AnalysisTanesha D Company Limited makes sales of $6,900,000 over the 2019 fiscal period. If the company states the following financials:Costs of goods sold $4,200,000.00Depreciation expenses $235,000.00Interest expenses $85,000.00

1.Updated income statement of Tanesha D Company for the year ended December 31,2019 Tanesha D…

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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Question 2 – Ratio Analysis

Tanesha D Company Limited makes sales of $6,900,000 over the 2019 fiscal period.
If the company states the following financials:

Costs of goods sold $4,200,000.00
Depreciation expenses $235,000.00
Interest expenses $85,000.00
Preferred stocks dividends $10,800.00

Use the figures above to complete the income statement on the next page and perform calculations.

Update the Income Statement
Calculate the current ratio
Calculate the Average collection period

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