Homework answers / question archive / Given the financial information for Megan Avenue Corporation as follow:- Income Statement for the year ended 31 December 2020 Sales   45,998 Cost of Good Sold   (17,889) Gross Profit   28,109 Operating expenses     Selling , general and administrative expenses (16,426)   Depreciation expenses    (1,976) (18,402) Operating Income   9,707 Interest expenses   (483) Profit before tax   9,224 Income tax expenses   (2,126) Profit after Tax      7,098 Balance Sheet as at 31 December 2020 Cash             21,675 Account receivable                4,466 Inventory                3,100 Other current assets                3,745 Total Current assets             32,986 Gross Plant and Equipment           26,674   Accumulated depreciation         (12,041)   Net plant and Equipment             14,633 Long term investment             13,625 Goodwill, Trademark & Other intangible assets             30,779 Total Assets             92,023       Accounts payable              9,634   Short-term notes payable           22,740   Total Current liabilities             32,374 Long term debt             29,329 Total Liabilities             61,703       Common stock (par value)                1,760 Paid-in capital             13,154 Retained earnigs             63,408 Treasury stock           (48,002) Total stockholder equity             30,320 Total Liabilities and Equity             92,023 Required Calculate the ratio Gross profit margin Profit margin Current ration Acid test ratio Day in receivables Account receivable turnover Day in inventory Inventory turnover Return on investment Return on equity

Given the financial information for Megan Avenue Corporation as follow:- Income Statement for the year ended 31 December 2020 Sales   45,998 Cost of Good Sold   (17,889) Gross Profit   28,109 Operating expenses     Selling , general and administrative expenses (16,426)   Depreciation expenses    (1,976) (18,402) Operating Income   9,707 Interest expenses   (483) Profit before tax   9,224 Income tax expenses   (2,126) Profit after Tax      7,098 Balance Sheet as at 31 December 2020 Cash             21,675 Account receivable                4,466 Inventory                3,100 Other current assets                3,745 Total Current assets             32,986 Gross Plant and Equipment           26,674   Accumulated depreciation         (12,041)   Net plant and Equipment             14,633 Long term investment             13,625 Goodwill, Trademark & Other intangible assets             30,779 Total Assets             92,023       Accounts payable              9,634   Short-term notes payable           22,740   Total Current liabilities             32,374 Long term debt             29,329 Total Liabilities             61,703       Common stock (par value)                1,760 Paid-in capital             13,154 Retained earnigs             63,408 Treasury stock           (48,002) Total stockholder equity             30,320 Total Liabilities and Equity             92,023 Required Calculate the ratio Gross profit margin Profit margin Current ration Acid test ratio Day in receivables Account receivable turnover Day in inventory Inventory turnover Return on investment Return on equity

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Given the financial information for Megan Avenue Corporation as follow:-

Income Statement for the year ended 31 December 2020

Balance Sheet as at 31 December 2020

Required

Calculate the ratio

1. Gross profit margin
2. Profit margin
3. Current ration
4. Acid test ratio
5. Day in receivables
6. Account receivable turnover
7. Day in inventory
8. Inventory turnover
9. Return on investment
10. Return on equity