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56miley
Jan 26, 2009, 07:37 PM
profit margin on sales=5%
return on assets = 7.5%
gross profit margin = 40%
inventory turnover ratio = 6 times
receivables turnover ratio = 25
acid-test ratio=.9
current ratio = 2 to 1
return on shareholders equity = 10%
debt to equity ratio = 1/3
times interest earned ratio = 12 times

the book gave net income of 15,000
short term note (5,000) current liabilities are trade accounts
property, plant, and equipment are the only noncurrent liabilities
bonds payaable are only noncurrent liabiliities
interest rate on short term notes and bonds is 8%
no investment securities
cash balance totals is $15,000

I have figured out the following and then got stuck
balance statement
cash 15,000
other current assets 3,000
inventory 50,000
net receivables 12,000
total current assets 80,000
property, plant, equipement
total assets
short term notes 5,000
account payable
total current liabilities
bonds payable 20,000
shareholders equity
total liability/shareholders equity

income statement
gross sales 300,000
cost of goods sold 180,000
gross profit 120,000
expenses
net income 15,000
taxes
net inc after taxes

any kind of help would be great thank you