Homework Help is Here – Start Your Trial Now!
Business
Accounting
What is the current ratio of Nezuko Inc.?

What is the current ratio of Nezuko Inc.?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
Practice Pack

What is the current ratio of Nezuko Inc.?

Nezuko Inc. Statement of Comprehensive Income For the Year Ended December 31, 2020 (Expressed in millions, except per share data) 2,700.00 (2,025.00) 675.00 Sales Cost of goods sold Gross profits Operating expenses: Selling expenses General and administrative expenses $ (90.00) (67.50) (135.00) Depreciation and amortization expense Total operating expense Net operating income (EBIT or earnings before interest and taxes) Interest expense Earnings before taxes (292.50) 382.50 (67.50) 315.00 (110.25) 204.75 Income taxes Net Income Additional Information: Dividends paid to stockholders during 2020 Number of common shares outstanding 45.00 90.00 Earnings per share (EPS) Dividends per share 2.28 0.50 %24
Transcribed Image Text:Nezuko Inc. Statement of Comprehensive Income For the Year Ended December 31, 2020 (Expressed in millions, except per share data) 2,700.00 (2,025.00) 675.00 Sales Cost of goods sold Gross profits Operating expenses: Selling expenses General and administrative expenses $ (90.00) (67.50) (135.00) Depreciation and amortization expense Total operating expense Net operating income (EBIT or earnings before interest and taxes) Interest expense Earnings before taxes (292.50) 382.50 (67.50) 315.00 (110.25) 204.75 Income taxes Net Income Additional Information: Dividends paid to stockholders during 2020 Number of common shares outstanding 45.00 90.00 Earnings per share (EPS) Dividends per share 2.28 0.50 %24
Nezuko Inc. Statement of Financial Position For the Year Ended 2020 (Expressed in $ millions) Assets Cash 90.00 Accounts Receivable 162.00 Inventory 378.00 Other current assets 13.50 $ 643.50 Tatal current assets Grass plant and equipment Less: Accumulated Depreciation Net plant and equipment Total Assets 1,845.00 (517.50) Ŝ 1,327.50 $ 1.971.00 Liabilities and Owner's Equity $ 189.00 Accounts Payable Accrued expenses 45.00 Shart-term loans 54.00 $ 288.00 771.75 1.059.75 Tatal current liabilities Lang-term debt Total Liabilities Common stackholders' equity Common stack - par value Paid in capital Retained earnings Total common stockholders' equity 45.00 324.00 542.25 911.25 Total liabilities and stockholders' equity Ŝ 1971.00
Transcribed Image Text:Nezuko Inc. Statement of Financial Position For the Year Ended 2020 (Expressed in $ millions) Assets Cash 90.00 Accounts Receivable 162.00 Inventory 378.00 Other current assets 13.50 $ 643.50 Tatal current assets Grass plant and equipment Less: Accumulated Depreciation Net plant and equipment Total Assets 1,845.00 (517.50) Ŝ 1,327.50 $ 1.971.00 Liabilities and Owner's Equity $ 189.00 Accounts Payable Accrued expenses 45.00 Shart-term loans 54.00 $ 288.00 771.75 1.059.75 Tatal current liabilities Lang-term debt Total Liabilities Common stackholders' equity Common stack - par value Paid in capital Retained earnings Total common stockholders' equity 45.00 324.00 542.25 911.25 Total liabilities and stockholders' equity Ŝ 1971.00
Expert Solution
video

Learn your way

Includes step-by-step video

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Ratio Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS