Solution-Determining the ratios for fabrics and more

Determining the ratios for fabrics and more

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Reference no: EM13835637

Use the income statement and balance sheet that you wrote on Tuesday to compute the following ratios for Fabrics and More, Inc. for 2014.

Accounts Receivable	100,000	Accounts Payable	61,000
Capital Surplus	145,000	Cash	90,000
Common Stock	300,000	Costs	400,000
Depreciation Expense	22,000	Net Furniture & Fixture	200,000
Goodwill	80,000	Interest Expense	18,000
Inventory	175,000	Land	405,000
Line of credit (used)	150,000	Long Term Loan	340,000
Retained Earnings	?	Sales	600,000
Dividends	50,000	Tax Rate	35%
Shares Outstanding	20,000

Quick Ratio
Earnings Per Share
Times Interest Earned
Retention Ratio
Days Sales in Payables
Profit Margin

Reference no: EM13835637

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Determining the ratios for fabrics and more

Reference no: EM13835637

Reference no: EM13835637

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