Net sales345Cost of goods soldGross profitOperating expenses2489774Operating profit23Interest expense8Earnings before taxesIncome tax expenseNet profit15411Additional information: Market price of stock is Rs.25. Firm declared and paiddividend 20% on par value of stock.Compute following ratios:(1)Current ratio (2) Quick ratio (3)Debt ratio (4)Equity ratio (5)Inventory tumover indays(use 360 days) (6) Receivable tumover in days(use 360 days) (7)Eamings per share(8)Book value per share (9)Interest coverage ratio (10) Gross Profit ratio Use the following selected financial information for Cascabel Corporation to answerquestionsCascabel CorporationBalance SheetDecember 31, 2015AssetsLiabilities and stockholders' equityCurrent assetsCurrent liabilitiesCashAccounts payableAccrued liabilities236Short-term investments1025Accounts receivable52Total current liabilities61Inventory57Other current assetsLong-term debt102Total current assets129Total liabilities163Long-term assetsStockholders' equityNet Plant195Common stock110Retained earningsTotal stockholders' equityTotal liabilities and equity51161324Total assets324Cascabel CorporationIncome StatementFor the Year Ended December 31, 2015

Information provided: Current assets = 129 Current liabilities = 61 Inventory = 57 Total debt = 163…

Compute following ratios: (1)Current ratio (2) Quick ratio (3)Debt ratio (4)Equity ratio (5)Inventory turnover in days(use 360 days) (6) Receivable tumover in days(use 360 days) (7)Earnings per share (8)Book value per share (9)Interest coverage ratio (10) Gross Profit ratio

Compute following ratios: (1)Current ratio (2) Quick ratio (3)Debt ratio (4)Equity ratio (5)Inventory turnover in days(use 360 days) (6) Receivable tumover in days(use 360 days) (7)Earnings per share (8)Book value per share (9)Interest coverage ratio (10) Gross Profit ratio

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 10P: Comprehensive The shareholders equity section of Superior Corporations balance sheet as of December...

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