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.
Definitions:
Complement Rate
Another term for a probabilistic or statistical rate that completes another rate to 100% or a whole when combined.
Net Price
The price of a good or service after all discounts, rebates, and other cost reductions have been applied, not including additional charges such as shipping or taxes.
Complement Method
A mathematical technique used to simplify the process of subtraction by utilizing the "complement" of a number.
Cash Discount
A reduction in an invoice amount available to the buyer for paying all or part of the amount due within a stated period of time.
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