Homework Answers
Please find the following financial observations
- Current Ratio :2021 CA/CL =170000/22000=7.72:1 Industry ranges 2.3:1, 2020-108000/15000=7.2:1 Springhills company liquidity positions are far betther than market ranges and increased from last year as well
- Acid test ratio: Assuming all the debts are realized in 1 year ( quickly realised) except Inventory and Prepaid expenses = 150000/22000 =6.81:1
- Accounts Receivable T/O= Net Credit Sales / Average Acconts receivable =200000/(40000+60000)/2= 4 times
- Day sales in inventory = 365/ Inventoy T/o ratio - Inventory T/o ratio = Cost of goods sold / Average Inventory 40000/14000=2.85 Day sales in Inventory = 365/2.85= 128.07 days
- Merchandize T/O is also known as Inventory T/o ratio =Cost of goods sold / Average Inventory in this case 40000/14000((14000+10000)/2)= 2.85
- Debt Ratio 2021: Total Debt / Total Assets= 40000/220000= 18% - for 2020 =8000/138000=5% industry range 42% Springhill company has lesser Debt ratio comparing market it means financial risk are well with in the limit at the same time the growth of the Springhill company like capital expenses is increased from 30000 to 50000 comparing last year it shows company started investing on the business and generating profit on it
- Equity Ratio: Debt/ Total Equity 40000/158000=25%G
- Gross Profit Margin : Yr 2021-GP/ Net sales =160000/200000=80% and Yr 2020 =75000/110000=68%
- Net Profit Margin :Yr 2021 - NP/ Net sales= 43000/200000=21% and Yr 2020=11500/110000=10% Proift Margin is increasing from 10% to 21% in 2021 which signs company is generating the profit out of new investment and its a good sign and well higher than the Market performance 8%
- Return on Total Assets = Total Income 43000 / Average Total Assets= (220000+138000)/2=1790000 43000/179000=24%
- EPS = Net Income / Total Number of shares= 43000/21500=2 per share
Conclusion
By validating and applying key perfomance ratio Springhill company has
liqudity for paying their current liabilities , efficieny to produce more products and generate good margin, solvency to get adequate funds for operate business, profitabiltiy by increase in performance and market positions as well.
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Balance Sheet
December 31, 2016 through December 31, 2018 (Dollars in
thousands)
2018 2017 2016
Assets:
Current assets
Cash $47,200 $46,000 $45,000
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Balance Sheet
December 31, 2016 through December 31, 2018 (Dollars in
thousands)
2018 2017 2016
Assets:
Current assets
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Marketable securities 2,000 2,500 3,000
Accounts receivable (net) 131,000 128,000 127,000
Inventories 122,000 124,000 126,000
Prepaid expenses 3,000 2,500 2,000
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