Business, 09.07.2021 02:10 emory238

Compute the missing amounts, and complete the statements of the Darius Co (Hint: Complete the Income Statement first)
DARIUS COMPANY
BALANCE SHEET
AS OF DECEMBER 31, 2016
Cash ? Current Liabilities ?
Accounts
Receivable (Net) ? 6.08% Long-Term
Bonds Payable 3,700,000
Inventory ? Common Stock 1,755,856
PPE (Net) ? Retained Earnings ?
Total Assets 8,300,000 Total Liabilities and
Stockholders' Equity ?
The following information is available about Darius Company's financial statements:
1. The Accounts Receivable Collection Period (DRO) is 38.78 Days
2. The Days Inventory Outstanding (DIO) is 50.12 Days
3. The Current Ratio for the firm is 3.78
4. The Net Profit Margin for the firm is 12.78%
5. The Gross Profit Margin for the firm is 39.5%
6. The Return on Common Equity for the firm is 16.65%
7. The Income Tax Rate for the firm is 25.7%

Answers: 3

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Compute the missing amounts, and complete the statements of the Darius Co (Hint: Complete the Incom...

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