compute the requested ratios and figures
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Using the following data, compute the requested ratios and figures.
Balance Sheet
Cash = $ 100 A/P = $ 80
Fixed Assets = 50 Long Term Debt = 120
A / R = 50
Supplies = 100
Stockholders Equity 100
Total Assets = $ 300 Liabilities & equity = $300
Income Statement for ABC Corp
For the 12 month period ending Dec 31, 200x
Sales Revenue $ 500
Less depreciation expense - 5
less salary expense - 250
less admin expenses - 55
less interest paid - 10
Income before taxes ( ? ) __________
less taxes paid - 50
Net Income ( after taxes) ( ? ) ____________
Income Before Taxes = ______________ Income After Taxes = _____________
Effective Tax Rate = ______________
Current Ratio = _________________ Debt Ratio = _______________
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Using the following data, compute the requested ratios and figures.
Balance Sheet
Cash = $ 100 A/P = $ 80
Fixed Assets = 50 Long Term Debt = 120
A / R = 50 Total Liabilities = 200
Supplies = 100
Stockholders Equity ...
Purchase this Solution
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