b) You have been given the following information for the Kassia


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b) You have been given the following information for the Kassia Ltd Company, December 31, December 31, 2011 2012 Current assets $100,000 $150,000 Noncurrent assets 400,000 500,000 Current liabilities 50,000 100,000 Long-term debt 300,000 300,000 Common stock, 10,000 shares 100,000 100,000 Retained earnings 50,000 150,000 2012 Net income $ 100,000 Interest expense 40,000 Income taxes (tax rate is 30%) 30,000 Total revenues 1,000,000 Required: Calculate the following ratios: i. Rate of return on assets ii. Return on Sales iii. Asset Turnover Ratio iv. Rate of return on common shareholders’ equity v. Earnings per share of common stock vi. Current ratio (both dates) vii. Debt-equity ratio (both dates) Student
posted a question ยท Apr 09, 2015 at 3:28pm

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