The following information relates to Harris Corporation.
Ash.k (Not rated)
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| Account | Current year | Prior year |
| Net sales (all credit) | $520,125 | $499,500 |
| Cost of goods sold | $375,960 | $353,600 |
| Gross profit | $144,165 | $145,900 |
| Income from operations | $95,500 | $79,900 |
| Interest expense | $23,500 | $19,500 |
| Net income | $57,600 | $51,600 |
| Cash | $30,600 | $15,900 |
| Accounts receivable, net | $33,800 | $23,200 |
| Inventory | $42,000 | $30,300 |
| Prepaid expenses | $2,000 | $1,500 |
| Total current assets | $108,400 | $70,900 |
| Total long-term assets | $62,000 | $38,000 |
| Total current liabilities | $46,000 | $41,600 |
| Total long-term liabilities | $20,000 | $22,700 |
| Common stock, no par, | 30000 | $30,000 |
| 3,000 shares, value $50/share |
| a. What is the acid-test ratio for the current year? |
c. What is days' sales in receivables for the current year? |
| d. What is the book value per share of common stock for the current year? |
| e. What is the price-earnings ratio for the current year? |
| f. What is the rate of return on total assets for the current year? |
| g. What is the times-interest-earned ratio for the current year? |
| h. What is the current ratio for the current year? |
11 years ago
Harris corporation
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managerial_acc_statement_analysis.xlsx
