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Balance Sheet Income Statement

The balance sheet shows the company has $3,800 in current assets including $400 in cash and $1,300 in accounts receivable. Total assets are $7,120 including $3,320 in net fixed assets. Current liabilities are $1,680 and long-term debt is $2,000. The income statement indicates net sales of $12,680 with a gross profit of $3,750. After expenses of $2,230, taxes of $390, net profit was $670. Ratios are provided to analyze liquidity, leverage, profitability, and cash flow.

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Tubagus Donny Syafardan
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17 views1 page

Balance Sheet Income Statement

The balance sheet shows the company has $3,800 in current assets including $400 in cash and $1,300 in accounts receivable. Total assets are $7,120 including $3,320 in net fixed assets. Current liabilities are $1,680 and long-term debt is $2,000. The income statement indicates net sales of $12,680 with a gross profit of $3,750. After expenses of $2,230, taxes of $390, net profit was $670. Ratios are provided to analyze liquidity, leverage, profitability, and cash flow.

Uploaded by

Tubagus Donny Syafardan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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BALANCE SHEET INCOME STATEMENT

Cash $ 400 Net sales (all credit) $ 12,680


Accounts receivable 1,300 Cost of goods sold 8,930
Inventories 2,100 Gross profit $ 3,750
Current assets $ 3,800 Selling, general, and
Net fixed assets 3,320 administration expenses 2,230
Total assets $ 7,120 Interest expense 460
Profit before taxes $ 1,060
Accounts payable $ 320 Taxes 390
Accruals 260 Profit after taxes $ 670
Short-term loans 1,100
Current liabilities $ 1,680
Long-term debt 2,000 Notes:
Net worth 3,440 (i) Current period's depreciation $ 480
Total liabilities and net worth $ 7,120 (ii) Ending inventory for 19X1 $ 1,800

RATIOS:

Current ratio:
Acid-test ratio:
Average collection period (in days):
Inventory turnover ratio:
Debt-to-net-worth ratio:
Long-term debt-to-total-capitalization ratio:
Gross profit margin:
Net profit margin:
Return on equity:
Cash flow to long-term debt

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