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Exhibit 19-1
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)

question 12

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Exhibit 19-1
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)  BMC CORPORATION INCOME STATEMENT FISCAL YEAR ENDING 12/31/2009  (DOLLARS IN THOUSANDS’)   Net Sales $1025 Cost of Goods Sold 682 Gross Profit Margin 343 Depreciation 31 Operating Expense 103 Administrative Expense 127 Operating Profit 82 Interest Profit Before Taxes2755 Taxes Net Income $1738\begin{array}{c} \text { BMC CORPORATION INCOME STATEMENT } \\ \text {FISCAL YEAR ENDING 12/31/2009 } \\ \text { (DOLLARS IN THOUSANDS') } \\\begin{array}{lr}\text { Net Sales } &\quad\quad\quad\quad\quad\quad\quad \$ 1025 \\\text { Cost of Goods Sold } & \underline {682 }\\ \text { Gross Profit Margin } & 343 \\\text { Depreciation } & 31 \\\text { Operating Expense } & 103 \\\text { Administrative Expense } & \underline {127} \\\text { Operating Profit } & 82\\\text { Interest }\\ \text {Profit Before Taxes}&\frac{27}{55} \\ \text { Taxes } \\ \text {Net Income }&\$\frac{17}{38} \\\end{array}\end{array}  BMC CORPORATION BALANCE SHEET  FISCAL YEAR ENDING 12/31/2009  (DOLLARS IN THOUSANDS)   ASSETS  Cash $61 Accounts receivables 286 Inventory 354 Total current assets 701 Net fixed assets 802 Total assets $1503 LIABILITIES  Notes payable $223 Accounts payable 152 Accruals 32 Total current liabilities 407 Long term debt 306 Common stock ( $1.50 par)  102 Paid in surplus 226 Retained earnings 462 Total liabilities and  Stockholders’ equity $1503\begin{array}{c} \text { BMC CORPORATION BALANCE SHEET } \\ \text { FISCAL YEAR ENDING 12/31/2009 } \\ \text { (DOLLARS IN THOUSANDS) } \\\begin{array}{lll}\text { ASSETS }\\\hline\text { Cash } & \$ 61 \\\text { Accounts receivables } & 286 \\\text { Inventory } & \underline { 354} \\\text { Total current assets } & 701 \\\text { Net fixed assets } & \underline { 802} \\\\\\\\\\\text { Total assets }& \$ 1503\\\end{array}\begin{array}{lll}\text { LIABILITIES }\\\hline\text { Notes payable } & \$ 223 \\\text { Accounts payable } & 152 \\\text { Accruals } & \underline { 32} \\ \text { Total current liabilities } & 407 \\\text { Long term debt } & 306 \\\text { Common stock ( } \$ 1.50 \text { par) } & 102 \\\text { Paid in surplus } & 226 \\\text { Retained earnings } & \underline { 462} \\\text { Total liabilities and } & \\\quad \text { Stockholders' equity } & \$ 1503\end{array}\end{array}
-Refer to Exhibit 19-1. What was BMC's quick ratio for 2009?

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