Business, 05.05.2020 07:51 holaadios222lol

The Year 2 income statement of Company A reports sales of $20,110,000, cost of goods sold of $12,450,000, and net income of $1,860,000. Balance sheet information is provided in the following table.

COMPANY A
Balance Sheets December 31, Year 2 and Year 1
Year 2 Year 1
Assets
Current assets:
Cash $ 780,000 $ 900,000
Accounts receivable 1,700,000 1,160,000
Inventory 2,140,000 1,600,000
Long-term assets 4,980,000 4,380,000
Total assets $ 9,600,000 $ 8,040,000
Liabilities and Stockholders' Equity
Current liabilities $ 2,008,000 $ 1,808,000
Long-term liabilities 2,472,000 2,548,000
Common stock 2,000,000 1,960,000
Retained earnings 3,120,000 1,724,000
Total liabilities and stockholders' equity $ 9,600,000 $ 8,040,000

Calculate the five profitability ratios listed above for Company A.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 18:00

If you would like to ask a question you will have to spend some points

Answers: 1

Answer

Business, 23.06.2019 06:10

The a/p clerk of a company writes the checks for vendors, and the controller signs the checks. the a/p clerk hasdevised a plan to give herself a raise. she creates a new vendor for her friend's business and creates two purchaseorders for random car detailing services for $75 and $70. she writes the checks to pay these new vendors knowing thecontroller will only pay close attention to checks over $100. she delivers the checks to her friend to deposit in his bankaccount, and then he writes her a personal check for the full amount of $145.ceventually, what will be the effect of her actions? what can the company do to prevent this type of behavior? due mondav

Answers: 1

Answer

Business, 23.06.2019 07:00

Rare beef roasts can be cooked to what internal temperature? a) 120°f b) 130°f c) 145°f d) 155°f

Answers: 1

Answer

Business, 23.06.2019 07:00

Select all of the tools you could use to track your expenses. -budget software -spreadsheet -mint© -automatic bill payment -mvelopes®

Answers: 2

Answer

You know the right answer?

The Year 2 income statement of Company A reports sales of $20,110,000, cost of goods sold of $12,450...