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RATIO ANALYSIS Chapter 4 The Balance Sheet and the Income Statement for XYZ Manufacturing Corporation are as follows DATA All amounts in SAR unless otherwise indicated and all sales are on

RATIO ANALYSIS (Chapter 4)        
The Balance Sheet and the Income Statement for XYZ Manufacturing Corporation are as follows:
DATA (All amounts in SAR unless otherwise indicated, and all sales are on credit.)
Balance Sheet:          
Cash   400,000      
Acct/Rec   725,000      
Inventories   650,000      
Current assets   1,775,000      
Net fixed assets   690,000      
Total assets   2,465,000      
           
Accts/Pay   265,000      
Accrued expenses   310,000      
Short-term N/P   80,000      
Current liabilities   655,000      
Long-term debt   950,000      
Owner's equity   860,000      
Total liabilities and owners’ equity 2,465,000      
           
Income Statement:          
Net sales   9,550,000      
COGS   4,866,000      
Gross profit   4,684,000      
Operating expenses   2,984,000      
Net operating income   1,700,000      
Interest expense   45,000      
EBT   1,655,000      
Income taxes   662,000      
Net income   993,000      
           
Calculate the following ratios:        
Current ratio =          
Acid test ratio =          
Debt ratio =          
Operating profit margin =          
Operating return on assets =        
Return on equity =          
Times interest earned =          
Average collection period =        
Inventory turnover =          
Fixed asset turnover =          
Total asset turnover =

Mar 24 2020 Read more Less More

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