Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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O'Keefe Industries Balance Sheet December 31, 2012
Assets
Liabilities and Stockholders' Equity
Cash
$32,720
Accounts payable
$120,000
Marketable securities
25,000
Notes payable
Accounts receivable
Accruals
20,000
Inventories
Total current liabilities
Long-term debt
Stockholders' equity
Total current assets
Net fixed assets
$600,000
Total assets
Total liabilities and stockholders' equity $
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Transcribed Image Text:O'Keefe Industries Balance Sheet December 31, 2012 Assets Liabilities and Stockholders' Equity Cash $32,720 Accounts payable $120,000 Marketable securities 25,000 Notes payable Accounts receivable Accruals 20,000 Inventories Total current liabilities Long-term debt Stockholders' equity Total current assets Net fixed assets $600,000 Total assets Total liabilities and stockholders' equity $
The following financial data for 2012 are also available:
1. Sales totaled $1,800,000.
2. The gross profit margin was 25%.
3. Inventory turnover was 6.0.
4. There are 365 days in the year.
5. The average collection period was 40 days.
6. The current ratio was 1.60.
7. The total asset turnover ratio was 1.20.
8. The debt ratio was 60%.
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Transcribed Image Text:The following financial data for 2012 are also available: 1. Sales totaled $1,800,000. 2. The gross profit margin was 25%. 3. Inventory turnover was 6.0. 4. There are 365 days in the year. 5. The average collection period was 40 days. 6. The current ratio was 1.60. 7. The total asset turnover ratio was 1.20. 8. The debt ratio was 60%.
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