2019 2018 Cash 122,500 104,700 Accounts Receivables 90,650 80,550 Inventory Prepaid Expenses Total Curent Assets 66,200 53,000 85,450 106,000 364,800 344,250 Property, Plant and Equi pment 925,000 786,850 Total Assets 1,654,600 1,475,350 Total current liabilities 381,500 423,350 Long-term Liabilities JK, Capital Total Liabilities and Equity 359,900 230,600 913,200 821,400 1,654,600 1,475,350 Sales Cost of Sales 1,047,050 1151755 322,750 355025 Gross Profit 724,300 796730 Selling Expenses Administrative Expenses Operating Income Interest Expense 353,250 388575 128,150 140965 242,900 267190 10,500 11550 Net Income 232,400 255640
2019 2018 Cash 122,500 104,700 Accounts Receivables 90,650 80,550 Inventory Prepaid Expenses Total Curent Assets 66,200 53,000 85,450 106,000 364,800 344,250 Property, Plant and Equi pment 925,000 786,850 Total Assets 1,654,600 1,475,350 Total current liabilities 381,500 423,350 Long-term Liabilities JK, Capital Total Liabilities and Equity 359,900 230,600 913,200 821,400 1,654,600 1,475,350 Sales Cost of Sales 1,047,050 1151755 322,750 355025 Gross Profit 724,300 796730 Selling Expenses Administrative Expenses Operating Income Interest Expense 353,250 388575 128,150 140965 242,900 267190 10,500 11550 Net Income 232,400 255640
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Instructions. Using the given Financial Statement, compute at least four financial ratios and analyze the results of your computations.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education