A retail clothing company began operations in 2014 with assets of $43,800. The following additional data have been taken from the records as of December 31, 2014:
|
|
|
| Accounts Payable |
$ |
5,500 |
| Accounts receivable |
|
5,000 |
| Accrued liabilities |
|
5,300 |
| Accumulated depreciation |
|
7,200 |
| Buildings & equipment |
|
23,500 |
| Contributed capital |
|
3,600 |
| Goodwill & intangible assets |
|
3,400 |
| Land |
|
86 |
| Cash |
|
24,600 |
| Long-term liabilities |
|
4,200 |
| Other current liabilities |
|
6,300 |
| Other non-current assets |
|
3,600 |
| Prepaid expenses |
|
1,130 |
| Net income for 2014 |
|
13,500 |
| Retained earnings, January 1 |
|
26,016 |
| Sales revenue for 2014 |
|
214,000 |
| Inventory |
|
10,300 |
|
| All accounts have normal balances. |
What is the amount of current assets to be reported on the balance sheet at the end of 2014?
|
$41,030 |
|
$23,386 |
|
$64,416 |
|
$21,300
|
What is the amount of total liabilities at December 31, 2014?
|
$17,100 |
|
$64,416 |
|
$21,300 |
|
$11,800 |
What is the net profit margin ratio for 2014?