We will discuss...
We will discuss each of these groups of ratios and the formulas used to calculate them. Refer to XYZ Corporation's Balance Sheet and Income Statement as we calculate each ratio.
ASSETS LIABILITIES AND EQUITY
Cash 5.7
Accounts Payable 22.7
Marketable Securities 6.3
Notes Payable 31.5
Accounts Receivable 50.9
Accrued Wages and Taxes 2.3
Inventories 88.7
Other Current Liabilities 4.9
Prepaid Expenses 1.1
Total Current Liabilities 61.4
Other Current Assets 0.3
Total Current Assets 153.0
Long-term Debt 107.4
Preferred Stock 12.3
Gross Fixed Assets 158.8
Total Long-term Liabilities 181.1
Less Depreciation 24.9
Net Fixed Assets 133.9
Common Stock (8 Mil. Outst.) 10.4
Retained Earnings 95.4
Total Common Equity 105.8
Total Assets 286.9
Total Liabilities and Equity 286.9
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