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The following information was gathered from a company's balance sheet and income statement. ...

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Accounting

The following information was gathered from a company's balance sheet and income statement.
Current Previous
Cash $ 60,000 $ 50,000
Accounts receivable 30,00035,000
Inventory 35,00045,000
Long-term assets 250,000160,000
Total assets $ 375,000 $ 290,000
Current Previous
Current liabilities $ 50,000 $ 70,000
Long-term liabilities 90,00080,000
Total liabilities 140,000150,000
Stockholders equity 235,000140,000
Total liabilities and equity $ 375,000 $ 290,000
Current
Net sales $ 360,000
Cost of goods sold 170,000
Operating expenses 61,000
Interest expense 12,000
Income tax expense 22,000
Net income $ 95,000
Required:
Use the information above to calculate the financial ratios listed below.
After you complete column D, ratio values will auto-populate in column F.
Navigation:
Use the Open Excel in New Tab button to launch this question.
When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect.

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