Reference no: EM131284727
What is the debit to assets ratio for 2012(rounded to two decimal places)? Javier Co. reported the following income statement and balance sheet amounts on Dec 31 2013. 2013 2012 net sales revenue(all credit) $1,700,000.Cost of goods sold $1,040,000. Gross margin $660,000.Selling & general expenses $420,000.Interest expense $60,000.Net income $180,000.Current assets $100,000 $90,000.Long term assets $830,000 $800,000.Total assets $930,000 $890,000.Current liabilities $72,000 $56,000.Long term liabilities $204,000 $390,000.Common stockholders equity $654,000 $444,000.Total liabilties and stockholder equity $930,000 $890,000.Inventory and prepaid expenses account for $50,000 of the 2013 current assets.Average inventory for 2013 is $36,000.Averge net accounts receivable for 2013 is $62,000.Average one day sales are $5,900.There are 12,000 shares of common stock outstanding at the end of 2013.The market price per share of common stock is $27.00 at the end of 2013.The EPS for 2013 is eual to $1.50 per share.
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What is the debit to assets ratio
: What is the debit to assets ratio for 2012(rounded to two decimal places)? Javier Co. reported the following income statement and balance sheet amounts on Dec 31 2013. 2013 2012 net sales revenue(all credit) $1,700,000.Cost of goods sold $1,040,000.
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