Could you please help me The following financial information from Muscat Company are provided to you.Muscat Company2018 Statement of comprehensive incomeNet Sales$12,630Less: Cost of Goods Sold8,240Less: Depreciation1,010Earnings Before Interest and Taxes3,380Less: Interest Paid750Taxable Income$2,630Less: Taxes920Net Income$1,710Muscat CompanyStatement of financial position as of 31, December 2017 and 20182017201820172018 Muscat CompanyStatement of financial position as of 31, December 2017 and 2018201720182017 2018Cash$640 $590Accounts payable1,240660Accounts rec.1,200 1,390 Long-term debt2,500 2,800Inventory2,300 2,470Common stock4,000 4,500Total$4,140 $4,450Retained earnings1,040 1,690Net fixed assets4,640 5,200Total assets$8,780 $9,650Total liabilities & equity$8,780|$9,650Required:Comment on the performance of the Company by calculating:a. Liquidity ratios [ Current ratio; Quick ratio and Cash ratio]b. Turnover ratios [Inventory turnover & Days' sales in inventory; Receivableturnover & Receivable turnover period and Total assets turnover] andC. Profitability ratios [ Profit margin; ROA and ROE]

Ratio analysis is a management tool which gives an insight about the company's performance during an…

The following financial information from Muscat Company are provided to you. Muscat Company 2018 Statement of comprehensive income Net Sales $12,630 Less: Cost of Goods Sold 8,240 Less: Depreciation 1,010 Earnings Before Interest and Taxes 3,380 Less: Interest Paid 750 Taxable Income $2,630 Less: Taxes 920 Net Income $1,710 Muscat Company Statement of financial position as of 31, December 2017 and 2018

The following financial information from Muscat Company are provided to you. Muscat Company 2018 Statement of comprehensive income Net Sales $12,630 Less: Cost of Goods Sold 8,240 Less: Depreciation 1,010 Earnings Before Interest and Taxes 3,380 Less: Interest Paid 750 Taxable Income $2,630 Less: Taxes 920 Net Income $1,710 Muscat Company Statement of financial position as of 31, December 2017 and 2018

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 15EA: The following select account data is taken from the records of Reese Industries for 2019. A. Use the...

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