Use the folloiwng information to complete the financial statement as follows Profit margin rtio 20% 12 times 5 times Times interest eaned Receivable trun over ratio Acid test ratio 141 Current ratio 251 Debt to Asset Ratio 24% Kaya Mo Yan Bes Company Comparative Balance Sheet December 31, 2020 Assets Cash Marketable Serurities Accounts Receivable Enventory Propery Plant and Equipment Total Assets 2020 25,000.00 15,000.00 2019 35,000.00 15,000.00 50,000.00 50,000.00 160,000.00 310.000 00 200,000.00 iabilities and Stockholders Equity 25,000.00 30,000.00 Accounts payable Short-term notes payable Bonds Payable Common stock Retained earnings Total Liabilities and Stockholders Equity 35,000.00 20 20,000.00 200,000.00 200,000.00 47,000 00 11 35,000.00 310,000 00 Kaya Mo Yan Bes Company Income Statement For the year ended December 31. 2020 Net Sales 200,000.00 Kost of goods sold Gross profit Expenses Depreciation Expense 100,000 00 100,000.00 Interest expense 5,000.00 10,000.00 15,000 00 Selling expenses Administrative expenses Total Expenses Income before income taxes Income tax expense Net Income
Use the folloiwng information to complete the financial statement as follows Profit margin rtio 20% 12 times 5 times Times interest eaned Receivable trun over ratio Acid test ratio 141 Current ratio 251 Debt to Asset Ratio 24% Kaya Mo Yan Bes Company Comparative Balance Sheet December 31, 2020 Assets Cash Marketable Serurities Accounts Receivable Enventory Propery Plant and Equipment Total Assets 2020 25,000.00 15,000.00 2019 35,000.00 15,000.00 50,000.00 50,000.00 160,000.00 310.000 00 200,000.00 iabilities and Stockholders Equity 25,000.00 30,000.00 Accounts payable Short-term notes payable Bonds Payable Common stock Retained earnings Total Liabilities and Stockholders Equity 35,000.00 20 20,000.00 200,000.00 200,000.00 47,000 00 11 35,000.00 310,000 00 Kaya Mo Yan Bes Company Income Statement For the year ended December 31. 2020 Net Sales 200,000.00 Kost of goods sold Gross profit Expenses Depreciation Expense 100,000 00 100,000.00 Interest expense 5,000.00 10,000.00 15,000 00 Selling expenses Administrative expenses Total Expenses Income before income taxes Income tax expense Net Income
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 4PB
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