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From the Following Balance Sheet for Brandon's Bikes, Compute

Question 106

Essay

From the following balance sheet for Brandon's Bikes, compute:
a) the common-size statements using total assets as the base. (Round to the nearest tenth of a percent.)
b) the current and debt ratios for 2012
c) cashflow from operating activities for 2012 assuming Net Income was $85,000
Note that cash remained constant at $5000 year over year.
From the following balance sheet for Brandon's Bikes, compute: a) the common-size statements using total assets as the base. (Round to the nearest tenth of a percent.) b) the current and debt ratios for 2012 c) cashflow from operating activities for 2012 assuming Net Income was $85,000 Note that cash remained constant at $5000 year over year.

Correct Answer:

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a)
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Calculation:
Divide each 2011 item...

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