Sheridan Consumer Products Company Income Statement Net sales $66,230 Cost of products sold 23,660 Gross profit $42,570 Marketing, research, administrative expense 15,200 Depreciation 710 Operating income (loss) $26,660 Interest expense 950 Earnings (loss) before income taxes $25,710 Income taxes 7,782 Net earnings (loss) $17,928 Sheridan Consumer Products Company Balance Sheet Assets: Liabilities and Equity: Cash and marketable securities $4,530 Accounts payable $4,210 Investment securities 370 Accrued and other liabilities 7,700 Accounts receivable 3,630 Taxes payable 2,010 Inventory 5,190 Debt due within one year 8,015 Deferred income taxes 820 Total current liabilities $21,935 Prepaid expenses and other receivables 1,580 Long-term debt 11,815 Total current assets $16,120 Deferred income taxes 1,790 Property, plant, and equipment, at cost 26,134 Other noncurrent liabilities 3,100 Less: Accumulated depreciation 10,307 Total liabilities $38,640 Net property, plant, and equipment $15,827 Convertible class A preferred stock 1,744 Net goodwill and other intangible assets 26,700 Common stock 2,350 Other noncurrent assets 1,690 Retained earnings 17,603 Total stockholders' equity $21,697 Total assets $60,337 Total liabilities and equity $60,337 Calculate all the ratios listed below for Sheridan, for which industry figures are available. (Round current ratio. quick ratio, debt ratio, long term debt ratio answers to 2 decimal places, e.g. 12.25 and other answers to 1 decimal place, e.g.12.5 or 12.5%) Ratio Current ratio Industry Average 2.05 times Quick ratio 0.78 times Gross margin 23.9 % % Net profit margin 12.3 % % Debt ratio 0.23 times Long-term debt to equity 0.98 times Interest coverage 5.62 times Return on assets 5.3 % % Return on equity 18.8 % %

Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes (21%) Net income Dividends Addition to retained earnings Current assets Cash CROSBY, INCORPORATED 2023 Income Statement Accounts receivable Inventory Total Total assets Assets Fixed assets Net plant and equipment EFN $ 21,340 44,280 98,960 $ 164,580 $ 430,000 $ 28,203 65,807 $ 594,580 $ 754,000 589,000 25,000 $ 140,000 21,000 CROSBY, INCORPORATED Balance Sheet as of December 31, 2023 $ 119,000 24,990 $ 94,010 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ 55,500 14,700 $ 70,200 $ 137,000 $ 118,000 269,380 $ 387,380 $ 594,580 If the firm is operating at full capacity and no new debt or equity is issued, what is the external financing needed to support the 25 percent growth rate in sales? Note: Do not round…

Sales Sales Revenue Less Net Sales Cost of Goods Sold Gross Profit Operating Expenses Salaries and Wages Expense Sales Discounts Depreciation Expense Utilities Expense Total Operating Expenses Income From Operations Other Revenues and Gains Interest Revenue Other Expenses and Losses Interest Expense Loss on Disposal of Plant Assets Income Before Income Taxes Income Tax Expense Net Income /(Loss) A V V V CULLUMBER COMPANY Income Statement For the Year Ended December 31, 2025 $ 1,856,400 -134,400 i 390,600 i 260,400 i 92,400 i -59,640 -54,600 i $ 1,722,000 -792,120 929,880 -743,400 i 186,480 54,600 -114,240 126,840 -25,200 i 101,640

SUNLAND COMPANYIncome StatementsFor the Years Ended December 31     2022   2021 Net sales   $2,178,400   $2,030,000 Cost of goods sold   1,207,000   1,187,080 Gross profit   971,400   842,920 Selling and administrative expenses   590,000   565,220 Income from operations   381,400   277,700 Other expenses and losses            Interest expense   25,960   23,600 Income before income taxes   355,440   254,100 Income tax expense   106,632   76,230 Net income   $ 248,808   $ 177,870 SUNLAND COMPANYBalance SheetsDecember 31 Assets   2022   2021 Current assets            Cash   $ 70,918   $ 75,756    Debt investments (short-term)   87,320   59,000    Accounts receivable   139,004   121,304    Inventory   148,680   136,290      Total current assets   445,922   392,350 Plant assets (net)   765,820   613,954 Total assets   $1,211,742…

View Policies Current Attempt in Progress For Cullumber Company, the following information is available: Cost of goods sold $385000 Dividend revenue 14800 Income tax expense 36500 Operating expenses 140000 Sales revenue 594000 In Cullumber's multīple-step income statement, gross profit O should be reported at $209000. O should be reported at $ 47300. O should not be reported. O should be reported at $223800. Save for Later

CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 448,600 297,150 151,450 98,600 5,000 47,850 19,276 $ 28,574 Cost of goods sold Gross profit Operating expenses Interest expense Profit before taxes Income tax expense Net profit Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Property, plant and equipment, net Total assets Req 1 and 2 Req 3 Req 4 CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity Req 5 8,000 Accounts payable 8,800 Accrued wages payable 32,400 Income taxes payable 2,750 Share capital 150,300 Retained earnings $ 238,400 Total liabilities and equity Complete this question by entering your answers in the tabs below. Compute the current ratio and acid-test ratio. 36,150 Long-term note payable, secured by mortgage on property, plant and equipment Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days'…

Income Statement Balance Sheet Current Current Sales $9,300 $ 4,050 $ 2,625 assets liabilities Long-term debt Costs 6,550 Fixed assets 9,300 4,190 Taxable $2,750 Equity 6,535 income Taxes (22%) 605 Total $13,350 Total $13,350 Net income $ 2,145 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 44 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 17 percent. What is the external financing needed? External financing needed

gross profit ratio

Net sales from Following inform sttement

Problem: Remesh Corporation prepared the following income statement and statement of retained earnings for the year ended December 31, 2021. Remesh Corporation December 31, 2021 Expense and Profit Statement Dollars in thousands   Sales (net)   $206,000 Less: Selling Expenses   (20,600) Net Sales   $185,400 Add: Interest Revenue   2,400 Add: Gain on sale of equipment   3,600 Gross Sales Revenue   $191,400 Less: Cost of operations:     Cost of Goods Sold $126,100   Correction of overstatement in last years income because of error $5,500 (net of tax credit) $3850   Dividend cost ($0.50 per share for 8k common shares) $4000   Unusual loss due to a hurricane, $6,400 (net of tax credit) $1,920 ($135,870) Taxable Revenues   $55,530 Less: Income tax on income from continuing operations   $16,659 Net income   $38871 Miscellaneous Deductions     Loss from operations of…