PARTD Analysis ments of Alexandria Corporation for 2016 are presented below Alex
ID: 2519451 • Letter: P
Question
PARTD Analysis ments of Alexandria Corporation for 2016 are presented below Alexandria Corporation Balance Sheet December 31 2016 Alexandria Corporation Income Statement For the Year Ended December 31. 2016 Assets $2,000,000 Revenues Cash and cash equivalents 30,000 Expenses Accounts receivable Inventory Property, plant, and equipment (net) 1,080,000 70,000 110,000 Cost of goods sold Selling and admin expenses 495,000 495,000 25 780,000 $990,000 Interest expense Total assets Total expenses 1600 Income before income taxes Provision for Income tax 400,000 140,000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stockholders' equity 615000 $75,000 Net income $ 260,000 300,000 Total liabilities and stockholders' equity $990.000 Q23 Using the amounts above, compute the current ratio for Alexandria Corporation. SHOW WORK /round to two decimal places Current ratio - 024 In a common sized income statement (vertical analysis), each item on the income statement is expressed as a percentage of: a. Net income. b. Gross margin (gross profit). c. Total expenses. d. Sales revenue. 025 Assume the following sales revenue for a company: 2015 - $960,000 2014 $720,000 2013 $600,000 What is the percentage increase in sales from 2013 to 2014? a. 60% b. 20% c. 120% d, 160% 2018 Spring - Tamke Page 6 of 12 Exam 3 VA Ch 13, 3, 4 ACCT 115Explanation / Answer
Q23) Current ratio = Current assets/Current liabilities
= 210000/75000
Current ratio = 2.8:1
Q24) d) Sales revenue
Q25) Percentage change = (720000-600000)*100/600000 = 20%
so answer is b) 20%
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