Finance Assignment | Professional Writing
Debt analysis Springfield Banki n g 3.790.000 fan, to assess the financial Serage and financial i n the basis of the for Creek wong with the industry Income S et Data e The medie payment congest Creek Ene ‘s debts 071 Round to two decimal places) Creek Enterprises’s times interesteamed r is 3.11. Round to two decimal places) Creek Enterprises’s fixed payment coverage ratio Round to two decimal places) Click on the con located on the top corner of the datatable below in order to copy its contents into het) Creek Enterprises Income Statement for the Year Ended December 31, 2019 Sales revenue $29.951 000 Less Cost of goods sold 20.990.000 Gross prots 961,000 Les Operating expenses Sing pense 52.465.000 Gand w e expenses 15 000 Lease expense Depreciation expense To i ng expense 5 10 000 Operating pro 520000 Les restes Nature 32 021000 31550 170 2 9 Creek Enterprises, which has requested its, evaluate and recommend appropriate Data Table Creek Enterprises 7.37 2.06 Creek Enterprises E ents into ad to two decimal places.) is 3.11.
(Round to two decimal places tois (Round to two decimal places (Click on the icon located on the top-right comer of the data table below in order to copy its spreadsheet.) Creek Enterprises Balance Sheet December 31, 2019 Assets Liabilities and Stockholders’ Equity Current assets Current liabilities Cash $1,050,000 Accounts payable $7.971,000 Marketable securities 2.996.000 Notes payable 7,958,000 Accounts receivable 12,045,000 Accruals 456,000 Inventones 7,506,000 Total current liabilities $16,385,000 Total current assets $23,697,000 Long-term debt (includes financial leases)” $19,026,500 Gross fixed assets (at cost) Stockholders’ equity Land and buildings $10.970,000 Preferred stock (25,300 shares. $3.50 dividend) $2,492,000 Machinery and equipment 20.462,000 Common stock (1.17 million Furniture and futures 8.015.000 shares at 55 25 par) 6,142,500 Gross fixed assets $39.447.000 Paid-in capital in excess of par value 4,043,000 Less: Accumulated depreciation 12.990.000 Retained earnings 1,965.000 hen click Check Answer Print Done
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