Sales: 17,000,000 COGS: 11,000,000 Gross Margin: Admin Overhead: 2,500,000 EBITD
ID: 2800764 • Letter: S
Question
Sales: 17,000,000
COGS: 11,000,000
Gross Margin:
Admin Overhead: 2,500,000
EBITDA:
Depr & Amort: 780,000
EBIT:
Interest: 435,000
EBT:
Taxes: 731,200
Net Income:
Total Assets: 10,350,000
Total Interest-bearing Debt: 6,214,286
Total Current Liabilities: 500,014
Total Fixed Assets & IP: 7,500,000
find Current Assets:
a. 3.780 million
b. 7.431 million
c. 2.285 million
d. 0
Explanation / Answer
Total current assets = Total assets - Total fixed assets
= $10,350,000 - $7,500,000
= $2,850,000
Total current liabilities = $500,014
Current ratio = Current assets/ Current liabilities
= $2,850,000 / $500,014
= 5.69984 Times
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.