This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Selected information from the comparative financial statements of Faure Company for the year ended ... (Read 11 times)

kmoyer2

  • Full Member
  • ***
  • Posts: 140
on: Feb 5, 2023
Selected information from the comparative financial statements of Faure Company for the year ended December 31, appears below:

​​20212020
Accounts receivable (net)$    180,000$200,000
Inventory140,000160,000
Total assets1,200,000800,000
Current liabilities140,000110,000
Long-term debt400,000300,000
Net credit sales1,330,000700,000
Cost of goods sold900,000530,000
Interest expense50,00025,000
Income tax expense60,00029,000
Net income150,00085,000

There is no preferred stock and the tax rate is 30%.

Required:

Calculate each of the following for 2021:
a.Debt ratio
b.Debt-to-equity ratio
c.Times interest earned ratio
d.Gross margin percentage
e.Return on assets
f.Return on common stockholders' equity
Managerial Accounting ¦ Davis ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by kmoyer2 on Feb 5, 2023

mamboz

  • Full Member
  • Posts: 170
Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


kmoyer2

  • Member
  • Posts: 140
Reply 2 on: Feb 5, 2023
Great answer, keep it coming :)

Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Reindeer antlers grow again each year under a layer of fur called velvet. This reindeer is losing th Reindeer antlers grow again each year under a layer of fur called velvet. This reindeer is losing th
Selected Miscellaneous Antibacterials Selected Miscellaneous Antibacterials
Selected Oral Contraceptives Selected Oral Contraceptives
Bone Resorption Inhibitors and Selected Drugs Bone Resorption Inhibitors and Selected Drugs
Selected Opioid Analgesic Comparison Selected Opioid Analgesic Comparison
Kindergarten school year book Kindergarten school year book
Video: DNA close up Animation

For a complete list of videos, visit our video library