Ballantine Inc. has the following financial statements ($omitted). Ballantine paid no dividends and sold no new stock during the year.
Balance Sheets
a. Construct Ballantine's statement of cash flows. Show supporting calculations and display the result as it would appear on a Statement of Cash Flows.
b. Calculate the following ratios for Ballantine.
Quick Ratio
ACP
Total Asset Turnover
Inventory Turnover (COGS)
TIE

Question

Ballantine Inc. has the following financial statements ($omitted). Ballantine paid no dividends and sold no new stock during the year. 
Balance Sheets 
  a. Construct Ballantine's statement of cash flows. Show supporting calculations and display the result as it would appear on a Statement of Cash Flows. 
b. Calculate the following ratios for Ballantine. 
Quick Ratio 
ACP 
Total Asset Turnover 
Inventory Turnover (COGS)
TIE

Quizplus · Accepted Answer

The Answer of Ballantine Inc. has the following financial statements ($omitted). Ballantine paid no dividends and sold no new stock during the year. 
Balance Sheets 
  a. Construct Ballantine's statement of cash flows. Show supporting calculations and display the result as it would appear on a Statement of Cash Flows. 
b. Calculate the following ratios for Ballantine. 
Quick Ratio 
ACP 
Total Asset Turnover 
Inventory Turnover (COGS)
TIE