are considered very good.) onsidered good for manu- alysis. Changes in Various Ratios Presented below is selected information for Turner Company: P14-5A. Sales revenue.. Cost of goods sold Interest expense. Income tax expense 2019 2018 $950,000 575,000 20,000 $850,000 545,000 20,000 30,000 Net income.. Cash flow from operating activities. Capital expenditures.. Accounts receivable (net), December 31 Inventory, December 31 Stockholders' equity, December 31 Total assets, December 31.. 27,000 .... 65,000 70,000 45,000 55,000 60,000 45,000 126,000 196,000 450,000 750,000 120,000 160,000 400,000 675,000 Required Calculate the following ratios for 2019. The 2018 results are given for comparative purposes. a.
are considered very good.) onsidered good for manu- alysis. Changes in Various Ratios Presented below is selected information for Turner Company: P14-5A. Sales revenue.. Cost of goods sold Interest expense. Income tax expense 2019 2018 $950,000 575,000 20,000 $850,000 545,000 20,000 30,000 Net income.. Cash flow from operating activities. Capital expenditures.. Accounts receivable (net), December 31 Inventory, December 31 Stockholders' equity, December 31 Total assets, December 31.. 27,000 .... 65,000 70,000 45,000 55,000 60,000 45,000 126,000 196,000 450,000 750,000 120,000 160,000 400,000 675,000 Required Calculate the following ratios for 2019. The 2018 results are given for comparative purposes. a.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter5: Sales And Receivables
Section: Chapter Questions
Problem 87APSA
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