3-7. (Working with income statement and balance sheet) Prepare an income statement and a balance sheet from the following scrambled list of items. What is the firm's net working capital and debt ratio? Sales Accumulated depreciation. $550,000 190,000 ? 320,000 73,000 38,000 65,000 26,000 29,000 59,850 47,000 45,000 648,000 Long-term debt 360,000 Common stock 120,000 Other assets 15,000 Retained earnings 138,500 In addition, the firm has 10,000 shares outstanding and paid $15,000 in common stock dividends during the year. Cash Cost of goods sold Accounts receivable Depreciation expense Accounts payable Interest expense Short-term notes payable Income taxes Inventories Marketing, general, and administrative expenses Gross fixed assets

3-7. (Working with income statement and balance sheet) Prepare an income statement and a balance sheet from the following scrambled list of items. What is the firm's net working capital and debt ratio? Sales Accumulated depreciation. $550,000 190,000 ? 320,000 73,000 38,000 65,000 26,000 29,000 59,850 47,000 45,000 648,000 Long-term debt 360,000 Common stock 120,000 Other assets 15,000 Retained earnings 138,500 In addition, the firm has 10,000 shares outstanding and paid $15,000 in common stock dividends during the year. Cash Cost of goods sold Accounts receivable Depreciation expense Accounts payable Interest expense Short-term notes payable Income taxes Inventories Marketing, general, and administrative expenses Gross fixed assets

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter17: Financial Statement Analysis

Section17.4: Analyzing Financial Statements Using Financial Ratios

Problem 1WT

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