Net income 15000 one short-term note 5000 all other

Reference no: EM13600300

Information is limited. Profit margin on sales= 5%, Return on assets= 7.5%, Gross profit margin= 40%, Inventory turnover ratio+ 6 times, Receivables turnover ratio= 25, acid-test ratio= .9, current ratio= 2 to 1, Return on shareholders' equity = 10 %, debt to equity ratio = 1/3, Times interest earned ratio = 12 times.

Net income $15,000, one short-term note ($5,000): all other current liabilities, the effective interest rate on short-term notes and bonds is 8%, no investment securities, cash balance totals $15,000.

Reference no: EM13600300

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