Determining the ratios for fabrics and more

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Reference no: EM13835637

Use the income statement and balance sheet that you wrote on Tuesday to compute the following ratios for Fabrics and More, Inc. for 2014.

Accounts Receivable

100,000

Accounts Payable

61,000

Capital Surplus

145,000

Cash

90,000

Common Stock

300,000

Costs

400,000

Depreciation Expense

22,000

Net Furniture & Fixture

200,000

Goodwill

80,000

Interest Expense

18,000

Inventory

175,000

Land

405,000

Line of credit (used)

150,000

Long Term Loan

340,000

Retained Earnings

?

Sales

600,000

Dividends

50,000

Tax Rate

35%

Shares Outstanding

20,000

 

 

  • Quick Ratio
  • Earnings Per Share
  • Times Interest Earned
  • Retention Ratio
  • Days Sales in Payables
  • Profit Margin

Reference no: EM13835637

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