Condensed financial data are presented below for the Phoenix Corporation: ...
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Accounting
Condensed financial data are presented below for the Phoenix Corporation:
2019
2018
Accounts receivable
267,500
$
230,000
Inventory
312,500
257,500
Total current assets
670,000
565,000
Intangible assets
50,000
60,000
Total assets
825,000
695,000
Current liabilities
252,500
200,000
Long-term liabilities
77,500
75,000
Sales
1,640,000
Cost of goods sold
982,500
Interest expense
10,000
Income tax expense
77,500
Net income
127,500
Cash flow from operations
71,000
Cash flow from investing activities
(6,000
)
Cash flow from financing activities
(62,500
)
Tax rate
30
%
The interest coverage, Long-term debts to assets, In a common size balance sheet for 2019, accounts receivable is expressed as, In a common size income statement for 2019, cost of goods sold is expressed as: for 2019 is:
can you show me the calculations please
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