Compute the following ratios: Operating Cycle Debt Ratio ...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Compute the following ratios:
Operating Cycle
Debt Ratio
Barco Company Kyan Company Barco Company Kyan Company Data from the current year-end balance sheets Assets Cash $ 19,500 Accounts receivable, net 37,400 Current notes receivable (trade) 9,100 Merchandise inventory. 84,440 Prepaid expenses. 5,000 Plant assets, net. 290,000 Total assets. $445,440 $ 34,000 57,400 7,200 132,500 6,950 304,400 $542,450 Data from the current year's income statement Sales $770,000 Cost of goods sold 585,100 Interest expense. 7,900 Income tax expense 14,800 Net income .. 162,200 Basic earnings per share 4.51 Cash dividends per share. 3.81 $880,200 632,500 13,000 24,300 210,400 5.11 3.93 $ 29,800 $ 54,200 0 0 Liabilities and Equity Current liabilities. . , Long-term notes payable. Common stock, $5 par value. Retained earnings Total liabilities and equity. $ 61,340 80,800 180,000 123,300 $445,440 $ 93,300 101,000 206,000 142,150 $542,450 Beginning-of-year balance sheet data Accounts receivable, net Current notes receivable (trade) Merchandise inventory.. Total assets.. Common stock, $5 par value Retained earnings. 55,600 398,000 180,000 98,300 107,400 382,500 206,000 93,600
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
