HCS 380 RANK Motivated Minds/hcs380rank.com HCS 380 RANK Motivated Minds/hcs380rank.com | Page 26

Net income was $30,600. 2. Sales on account were $377,000. Sales returns and allowances amounted to $26,600. 3. Cost of goods sold was $201,000. 4. Net cash provided by operating activities was $58,500. 5. Capital expenditures were $26,100, and cash dividends were $17,300. Compute the following ratios at December 31, 2014. Exercise 13-13