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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
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