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Reliable Auto Parts has 5,000 shares of common stock outstanding. The company also has the...

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Finance

Reliable Auto Parts has 5,000 shares of common stock outstanding. The company also has the following amounts in revenue and expense accounts.

Sales revenue $ 85,000

General and administrative expense 7,500

Interest expense 3,500

Depreciation expense 5,000

Preferred stock dividends 500

Selling expense 4,000

Cost of goods sold 50,000

Current Assets 15,000

Current Liabilities 10,000

Total Liabilities 25,000

Total Assets 75,000

Calculate

(a) gross profits.

(b) operating profits.

(c) net profits before taxes.

(d) net profits after taxes (assume a 40 percent tax rate).

(e) earnings available to common stockholders.

(f) earnings per share.

(g) current ratio

(h) debt ratio

(i) total asset turnover

(j) return on equity

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