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BUS FP3061 McAndrewVanessa Assessment5 Attempt1 part 1

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BUS-FP3061 - Fundamentals of Accounting Assessment 5, Part 1 Template 2013 Calculations 2013 Answers Current ratio (215,000)/145,000 1,483 Quick ratio (215,000-90,000)/145,000 0,8621 Receivables turnover 600,000/86,000 6,977 Inventory turnover (415,000)/(90,000+70,000)/2 5,188 Profit margin 34,800/600,000 6,40% Asset turnover 600,000/((638000+560,000)/2) 1,002 Return on assets 38,400/((638000+560,000)/2) 6,41% Return on equity 38400/(150,000+223,000) 10,29% Earnings per share 38,400/(150,000/5) $1,28 Price-earnings $19.50/$1.28 $15,23 Cash Dividend payout (15,400/30,000)/1.28 40,10% Debt ratio $120,000/$638,0000 18,81% Debt-to-Equity $120,000/$373,000 32% Times interest earned (38,400+18,000+7,800)/7,800 8,231 BUS-FP3061 - Fundamentals of Accounting Assessment 5, Part 1 Template Orange Company Income Statement For the Years Ended December 31 2013 Net sales (all on account) Expenses: Cost of Goods Sold Selling and administrative Interest Expense Income Tax Expense Total expenses Net Income 2012 $ 600.000 $ 520.000 $ $ $ $ $ $ 415.000 120.800 7.800 18.000 561.600 38.400 $ $ $ $ $ $ 354.000 114.600 6.000 14.000 488.600 31.400 Ad ...
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