analtemplate HCS/385 Mason Medical Balance Sheet
can you check the answers listed under 2014 for all the key ratios and tell me if the answers are correct?
analtemplate Page 1 HCS/385 Mason Medical Balance Sheet 31-Dec-14 31-Dec-13 Cash $52,000 $60,000 Accounts Receivable 198,000 80,000 Marketable Securities 80,000 40,000 Inventories 440,000 360,000 Prepaids 3,000 7,000 Total Current Assets 773,000 547,000 Property, Plant, and Equipment, net 857,000 853,000 Total Assets $1,630,000 $1,400,000 =========== =========== Current Liabilities $240,000 $160,000 Bonds Payable 400,000 400,000 Common Equity 990,000 840,000 Total Liabilities & Equity $1,630,000 $1,400,000 =========== =========== Income Statement 2014 2013 Sales $1,640,000 $1,574,000 Cost of Goods Sold 800,000 725,000 Gross Profit 840,000 849,000 SG&A 440,000 430,000 Interest Expense 40,000 25,000 Net Income $360,000 $394,000 =========== =========== Key Ratios 2014 Industry Avg Current Ratio 3.220 2.883 Acid Test (Quick Ratio) 250000.000 0.973 Debt to Asset 1.000 0.447 Receivable Turnover 6.890 13.492 Inventory Turnover 1.290 2.630 Net Profit Margin 21.951 0.176 Asset Turnover 1.006 1.357 Return on Assets 47% 18% Return on Equity 36% 22%
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Posted 07 Dec 2017 04:12 PM
My Price 10.00
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