Reference no: EM131021945
Kaufman Comapny Balance Sheet follows. Compute the Debt Ratio: ASSETS: Current Assets Cash 13,445
Short-term investments-at cost (approximate market) 5,239
Trade Accounts-at lower of cost (average method) or market: 88,337
Inventories-at lower of cost (average method) or market: Finished merchandise 113,879
Work in proces, raw materials and supplies 47,036 160,915
Prepaid Expenses 8,221
Total Current Assets 276,157
Other Assets: Receivables, advances and other Assets 4,473
Intangibles 2,324 Total Other Assets 6,797 Property,
Plant & Equipment: Land 5,981 Buildings 78,908 Machinery & Equipment 162,425 247,314 Less: Allowances for Depreciation 106,067
Net Property Plant & Equipment 141,247 TOTAL ASSETS 424,201 LIABILITIES & SHAREHOLDERS' EQUITY: Current Liabilities: Notes Payable 2,817
Trade Accounts Payable 23,720 Pension,
Interest & other accruals 33,219 Taxes, other than Income taxes 4,736
Income Taxes 3,409 Total Current Liabilities 67,901 Long-term Debt, 12% Debentures 86,235 Deferred Income Taxes 8,768
Minority Interest in Subsidiaries 12,075 Total Liabilities 174,979
Shareholders' Equity: Serial Preferred 9,154 Common $5.25 par value 33,540
Additional Paid-In Capital 3,506 Retained Earnings 203,712 249,912 Less: cost of Common shares in Treasury 690 Total Shareholders' Equity 249,222 Total Liabilities & Shareholders' Equity 424,201.
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: Kaufman Comapny Balance Sheet follows. Compute the Debt Ratio: ASSETS: Current Assets Cash 13,445. Short-term investments-at cost (approximate market) 5,239. Inventories-at lower of cost (average method) or market: Finished merchandise 113,879
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