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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

Finance

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

  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

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