Canadian Bacon Inc. financial statements are presented in the table below. Based on the information in the table, calculate the firm's Basic Earning Power ratio. Round the answers to two decimal places in percentage form.Â (Write the percentage sign in the "units" box). Balance Sheet December 31, 2011 Income Statement Year of 2011 $242,808.00
Cash and marketable securities $143,000 Accounts payableÂ $278,000 Accounts receivable $354,000 Notes payable $87,000 Inventories $672,000 Accrued expenses $65,000 Prepaid expenses $12,500 Total current liabilities $430,000 Total current assets $1,181,500 Long-term debt $284,000 Gross fixed assets $1,675,000 Par value and paid-in-capital $228,000 Less: accumulated depreciation $500,000 Retained Earnings $1,414,500 Net fixed assetsÂ $1,175,000 Common Equity 1,642,500 Total assets $2,356,500 Total liabilities and ownerâ€™s equity $2,356,500 Net sales (all credit) $3,136,600.00 Less: Cost of goods sold $2,195,620.00 Selling and administrative expenses $345,000.00 Depreciation expense $146,000.00 EBIT $449,980.00 Interest expense $45,300.00 Earnings before taxes $404,680.00 Income taxes $161,872.00 Net incomeÂ
Canadian Bacon Inc. financial statements are presented in the table below.
Based on the information in the table, calculate the firm's Basic Earning Power ratio.
Round the answers to two decimal places in percentage form.Â (Write the percentage sign in the "units" box).
Balance Sheet December 31, 2011
Income Statement Year of 2011
This question was answered on: Sep 05, 2019
Buy this answer for only: $18
This attachment is locked
We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free solution (Deadline assured. Flexible pricing. TurnItIn Report provided)
Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
About this QuestionSTATUS
Sep 05, 2019EXPERT
GET INSTANT HELP/h4>
We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.
You can also use these solutions:
- As a reference for in-depth understanding of the subject.
- As a source of ideas / reasoning for your own research (if properly referenced)
- For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
NEW ASSIGNMENT HELP?
Order New Solution. Quick Turnaround
Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.
WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN A DEADLINE.