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Use the folloiwng information to complete the financial statement as follows Profit margin rtio Times interest earned Receivable trun over ratio 20% 12 times 5times Acid test ratio 141 Current ratio 251 24% Debt to Asset Ratio Kaya Mo Yan Bes Company Comparative Baance Sheet December 31, 2020 2020 25,000.00 15,000.00 Assets 2019 Cash 35,000.00 15,000.00 50,000.00 Marketable Serurities Accounts Receivable Inventory Propery Plant and Equipment Total Assets 50,000.00 200,000.00 160,000.00 310.000 00 Liabilities and Stockholders Equity Accounts payable Short-term notes payable Bonds Payable 25,000.00 30,000.00 20,000.00 200,000.00 35,000 00 310.000 00 35,000.00 10 Common stock Retained earnings Total Liabilities and Stockholders Equity 200,000.00 47,000 00 11 Kaya Mo Yan Bes Company Income Statement For the year ended December 31, 2020 Net Sales 200,000.00 100,000 00 100,000.00 Cost of goods sold Gross profit Expenses Depreciation Expense 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 Times interest earned Receivable trun over ratio 20% 12 times 5times Acid test ratio 141 Current ratio 251 24% Debt to Asset Ratio Kaya Mo Yan Bes Company Comparative Baance Sheet December 31, 2020 2020 25,000.00 15,000.00 Assets 2019 Cash 35,000.00 15,000.00 50,000.00 Marketable Serurities Accounts Receivable Inventory Propery Plant and Equipment Total Assets 50,000.00 200,000.00 160,000.00 310.000 00 Liabilities and Stockholders Equity Accounts payable Short-term notes payable Bonds Payable 25,000.00 30,000.00 20,000.00 200,000.00 35,000 00 310.000 00 35,000.00 10 Common stock Retained earnings Total Liabilities and Stockholders Equity 200,000.00 47,000 00 11 Kaya Mo Yan Bes Company Income Statement For the year ended December 31, 2020 Net Sales 200,000.00 100,000 00 100,000.00 Cost of goods sold Gross profit Expenses Depreciation Expense 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
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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Use the folloiwng information to complete the financial statement as follows: Profit margin rtio Times interest earned 12 times Receivable trun over ratio 5 times 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 2020 25,000.00 2019 35,000.00 Marketable Securities 15,000.00 15,000.00 Accounts Receivable Inventory Propery Plant and Equipment Total Assets 50,000.00 50,000.00 160,000 00 310.000 00 200,000.00 Liabilities and Stockholders' Equity Accounts payable Short-term notes payable 25,000.00 30,000.00 35,000.00 Bonds Payabie 10 20,000.00 200,000.00 35,000.00 310,000 .00 Common stock 200,000 .00 Retained earnings Totai Liabilities and Stockholders Equity 47,000.00 11 Kaya Mo Yan Bes Company Income Statement For the year ended Derember 31, 2020 Net Sales 200,000.00 100,000.00 100,000.00 Cost of goods sold Gross profit Expenses Depreciation Expense Interest expense Selling expenses 5,000.00 10,000.00 15,000 00 Administratiive expenses Total Expenses Income before income taxes Income tax expense Net Income %3B
Transcribed Image Text:Use the folloiwng information to complete the financial statement as follows: Profit margin rtio Times interest earned 12 times Receivable trun over ratio 5 times 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 2020 25,000.00 2019 35,000.00 Marketable Securities 15,000.00 15,000.00 Accounts Receivable Inventory Propery Plant and Equipment Total Assets 50,000.00 50,000.00 160,000 00 310.000 00 200,000.00 Liabilities and Stockholders' Equity Accounts payable Short-term notes payable 25,000.00 30,000.00 35,000.00 Bonds Payabie 10 20,000.00 200,000.00 35,000.00 310,000 .00 Common stock 200,000 .00 Retained earnings Totai Liabilities and Stockholders Equity 47,000.00 11 Kaya Mo Yan Bes Company Income Statement For the year ended Derember 31, 2020 Net Sales 200,000.00 100,000.00 100,000.00 Cost of goods sold Gross profit Expenses Depreciation Expense Interest expense Selling expenses 5,000.00 10,000.00 15,000 00 Administratiive expenses Total Expenses Income before income taxes Income tax expense Net Income %3B
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