The following are the financial statements for Nederland Consumer Products Compa

Question

The following are the financial statements for Nederland Consumer Products Company for the fiscal year ended September 30, 2011.

Nederland Consumer Products Company
Income Statement for the Fiscal Year
Ended September 30, 2011
Net sales $ 57,859 Cost of goods sold 21,668 Gross margin $ 36,191 Marketing, research, administrative exp. 17,286 Depreciation 617 Operating income(loss) $ 18,288 Interest expense    501 Earnings(loss) before income taxes $ 17,787 Income taxes 5,486 Net earnings(loss) $ 12,301

Explanation / Answer

I am giving you all the formulas....you will just have to put the values and solve

current ratio= CA/CL=
quick ratio= (CA- inventories)/CL=
debt ratio= Total debt/TA=
long term debt ratio= Long-term debt / (Long-term debt + Preferred stock + Common stock)=

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.