Operations/total capitalization

Assignment Help Financial Accounting

Reference no: EM13915742

Using the data provided in the below financial statements, calculate the following for Alpine Chemical for 2014.

a.) Funds from operations/Total capitalization

b.) Long-term debt/Total capitalization

Assets
Cash	0
A/R	3451
Inventories	1643
Other current asssets	171
Current assets	5265

Gross fixed assets	7187
Less: acc. Depreciation	3893
Net fixed assets	3294
Total assets	8559

Liabilities and net worth
Notes payable	1900
Accounts payable	978
Accrued liabilities	761
Current liabilities	3639

Long-term debt	1491
Deferred tax credits	354
Total liabilities	5484

Common stock	100
Capital surplus	0
Retained earnings	2975
Net worth	3075

Total liabilities and net worth	8559



Income statement	2014
Net Sales	19460
Cost of goods sold	13117
Gross profit	6343

Operating expenses	3885
Operating income	2458

Interest expenses	318
Depreciation expenses	511
Preofit before taxes	1629

Income taxes	150
Net income	1479

Reference no: EM13915742

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