BS, VISE IUPS22 Nov. 7020 IV. Calculations (45%) Based on the following statements, fill in...
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BS, VISE IUPS22 Nov. 7020 IV. Calculations (45%) Based on the following statements, fill in blanks (1.5% cach) and calculate the ratios (3% cach, show the process) Stock information: On December 31, stock price: $30/share, 4,000,000 shares outstanding. Cancun Corporation Income Statement for the year ended Dec 31, 2019 000 $200,000 (a) 80,000 40,000 (b) Net Sales - Cost of goods sold Gross margin - Selling expenses -Administration expenses Operating Income before tax -Interest expense Income before tax Tax expense Net Income 20,000 4.000 (d) $12.000 Cancun Corporation Balance Sheet Dec 31, 2019 000 $3,000 $8,000 (e) (8) 20,000 (h) Assets Cash Marketable securities Accounts receivable Inventory Current Assets Property, plant and equipment Other assets Long-term assets Total assets 10,000 12.000 30,000 50,000 20.000 Liabilities and SE Accounts payable Notes payable Current liabilities Bonds payable Total liabilities Common stock Retained earnings Stockholders' equity Total liabilities and SE 40,000 40,000 (0 60,000 S100.00 0 IUP522 AS UBE 1. Current ratio 2. Days' sales uncollected 3. Inventory tumover 4. Profit margin 5. Return on assets 6. Return on equity 7. Debt to equity 8. Times interest earned 9. P/E ratio 10. Operating cycle
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