Assets (in KD) Liabilities (in KD) Cash 20000 Accounts payable 80000 100000 Accrued expenses 210000 Notes payables Property, Equipment, Plants 1500000 Long-term borrowings Accounts receivable 100000 Inventory 180000 400000 Less: Amortization 50000 Total liabilities Total equity Total assets Total Liabilities and Total Equity Income statement Sales 900000 COGS 400000 Gross profit Operating expenses 200000 EBIT Interest expenses 50000 EBT Тахes 20000 Net Income The fixed asset turnover ratio can be explained as follows (Note: Show calculation steps in the reasons box)
Assets (in KD) Liabilities (in KD) Cash 20000 Accounts payable 80000 100000 Accrued expenses 210000 Notes payables Property, Equipment, Plants 1500000 Long-term borrowings Accounts receivable 100000 Inventory 180000 400000 Less: Amortization 50000 Total liabilities Total equity Total assets Total Liabilities and Total Equity Income statement Sales 900000 COGS 400000 Gross profit Operating expenses 200000 EBIT Interest expenses 50000 EBT Тахes 20000 Net Income The fixed asset turnover ratio can be explained as follows (Note: Show calculation steps in the reasons box)
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 16MCQ
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