Managing Engineering and Technology 6th Edition by Lucy Morse,Daniel Babcock

Exercise 3

Excelsior Corporation reported the following status (in thousands of dollars) as of December 31, 2012: accounts payable of $150; accounts receivable of $250; cash of $150; inventory of $200; long-term debt of $260; net plant and equipment of $500; notes payable during 2013 of $250; and stockholders' equity of $440. ( a ) Prepare a balance sheet as of 12/31/12, and ( b ) calculate as many financial ratios as you can with the information provided.