Question

Formatting as Table Styles Update To k to-date with security updates, fixes, and improvements, choose Check for Updates C D E F TABLE 1 INCOME STATEMENT Use the financlal statements in TABLE 1 below to calculate the values shown below: Sales COGS Other expenses Depreciation EBIT Interest Taxable Income Taxes (40 % ) Net income 24,092,400 17,982,000 2,878,800 Total Debt ratio total debf 2 points total liabl 2 points Inet incon 2 points 786,000 2,445,600 434.400 2,011,200 804,480 1,206,720 Debt to Equity ratio Net Proft Margin Dividends AdrRE 246,000 960,720 BALANCE SHEET Assets Liabilities & Equity Current As Current Liabilitles Accounts Payable Notes Payable Total CL Cash Accounts rec. 438,048 1,841,616 1,486,200 3,765,864 858.816 1,735.680 2,594,496 Inventory Total CA $ $ Total Long-term debt Fixed assets 4,590,000 Net PP&E S 14,778,816 Shareholder Equity Common stock Retained earnings Total Equity 180,000 11,180,184 11,360,184 Total Assets 18,544,680 Total L&E 18,544,680 MacBook Pro lil 25

Answer 1

Table 1 :Answer

The total debt ratio is given by the following formula:

Total debt / Total assets, where debt is the total amount of all liabilities (current liabilities and long-term liabilities).

= (2,594,496 + 4,500,000) / 18,544,680

= 38.26%

The debt equity ratio is given by the following formula:

Total liabilities / Total equity

= (2,594,496 + 4,500,000) / 11,360,184

=62.45%

Net profit margin is given by the following formula:

Net profit / Net sales

= 1,206,720 / 24,092,400

= 5.01%

Please note that all ratios for table 1 have been solved. Please create additional questions should you need the rest of the answers. Also your picture quality of the question is not the best.