Calcute the following
We are confident that we have the best essaywriters in the market. We have a team of experienced writers who are familiar with all types of essays, and we are always willing to help you with any questions or problems you might face. Plus, our writers are always available online so you can always get the help you need no matter where you are in the world.
Order a Similar Paper Order a Different Paper
Directions:Be sure to make an electronic copy of your answer before submitting it to Ashworth College for grading.
Save your time - order a paper!
Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines
Order Paper NowFinancial Statement Analysis
The following information relates to Harris Corporation.
|
Account |
Current year |
Prior year |
|
Net sales (all credit) |
$520,125 |
$499,500 |
|
Cost of goods sold |
$375,960 |
$353,600 |
|
Gross profit |
$144,165 |
$145,900 |
|
Income from operations |
$ 95,500 |
$ 79,900 |
|
Interest expense |
$ 23,500 |
$ 19,500 |
|
Net income |
$ 57,600 |
$ 51,600 |
|
Cash |
$ 30,600 |
$ 15,900 |
|
Accounts receivable, net |
$ 33,800 |
$ 23,200 |
|
Inventory |
$ 42,000 |
$ 30,300 |
|
Prepaid expenses |
$ 2,000 |
$ 1,500 |
|
Total current assets |
$ 108,400 |
$ 70,900 |
|
Total long-term assets |
$ 62,000 |
$ 38,000 |
|
Total current liabilities |
$ 46,000 |
$ 41,600 |
|
Total long-term liabilities |
$ 20,000 |
$ 22,700 |
|
Common stock, no par, 3,000 shares, value $50/share |
$ 30,000 |
$ 30,000 |
Required:
- What is the acid-test ratio for the current year?
- What is the inventory turnover for the current year?
- What is days’ sale in receivables for the current year?
- What is the book value per share of common stock for the current year?
- What is the price-earnings ratio for the current year?
- What is the rate of return on total assets for the current year?
- What is the times-interest-earned ratio for the current year?
- What is the current ratio for the current year?
Do you have a lot of essay writing to do? Do you feel like you’re struggling to find the right way to go about it? If so, then you might want to consider getting help from a professional essay writer. Click one of the buttons below.
Order a Similar Paper Order a Different Paper
