Question

2012 2013 45 331 111 197 255 573 416 1000 1573 1616 2012 2013 Assets Cash A/R Inventory Total Net Fixed Assets Total Assets 50 1200 Liabilities Accounts Payable157 308 Notes Payable Total Long-Term Debt 500 750 Common Stock Retained Earnings 95125 150 125 307 433 00 400 1302 1708 2013 Sales Cost of Goods Sold Depreciation EBIT Interest Taxes Net Income 3168 2534.4 200 433.6 80 60 293.6 What is the Current Ratio for 2013 (to nearest 2 decimals)?1.) What is the Current Ratio for 2013 (to nearest 2 decimals)?

2.) What is the Quick Ratio (to nearest 2 decimals)?

3.) What is the Times Interest Earned ratio for 2013 (nearest 2 decimals)?

4.) What is the Debt to Equity ratio for 2012 (to nearest 2 decimals)?

5.) What is the Debt to Equity ratio for 2013 (to nearest 2 decimals)?

6.) What is the Profit Margin for 2013 ( to nearest 2 decimals)?

7.) What is the Total Asset Turnover (to nearest two decimals)?

8.) What is the Equity Multiplier for 2013 (to nearest 2 decimals)?

9.) What is the Return on Equity for 2013 (to nearest 2 decimals)?

10.) What is the Return on Assets for 2013 (to the nearest 2 decimals)?

0 0
Add a comment Improve this question Transcribed image text
Answer #1

1

Current ratio = current assets/current liablities
Current ratio = 416/433
Current ratio = 0.96

2

Quick or acid test ratio = (current assets-inventory)/current liablities
Quick or acid test ratio = (416-255)/433
Quick or acid test ratio = 0.37

3

Times interest earned ratio = EBIT/Interest
TIE ratio = 433.6/80
TIE ratio = 5.42

4

D/E = (debt+notes +accounts payable)/(common stock +retained earnings)

=(307+500)/(400+95)

=

1.63
Please ask remaining parts seperately
Add a comment
Know the answer?
Add Answer to:
1.) What is the Current Ratio for 2013 (to nearest 2 decimals)? 2.) What is the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Assets 2012 2013 Cash 45 50 A/R 331 111 Inventory 197 255 Total 573 416 Net...

    Assets 2012 2013 Cash 45 50 A/R 331 111 Inventory 197 255 Total 573 416 Net Fixed Assets 1000 1200 Total Assets 1573 1616 Liabilities 2012 2013 Accounts Payable 157 308 Notes Payable 150 125 Total 307 433 Long-Term Debt 500 750 Common Stock 400 400 Retained Earnings 95 125 1302 1708 2013 Sales 3168 Cost of Goods Sold 2534.4 Depreciation 200 EBIT 433.6 Interest 80 Taxes 60 Net Income 293.6 A. What is the Current Ratio for 2013 (to...

  • Assets 2012 2013 Cash 45 50 A/R 331 111 Inventory 197 255 Total 573 416 Net...

    Assets 2012 2013 Cash 45 50 A/R 331 111 Inventory 197 255 Total 573 416 Net Fixed Assets 1000 1200 Total Assets 1573 1616 Liabilities 2012 2013 Accounts Payable 157 308 Notes Payable 150 125 Total 307 433 Long-Term Debt 500 750 Common Stock 400 400 Retained Earnings 95 125 1302 1708 2013 Sales 3168 Cost of Goods Sold 2534.4 Depreciation 200 EBIT 433.6 Interest 80 Taxes 60 Net Income 293.6 A. What is the Profit Margin for 2013 (...

  • Presented below is financial data for the Forrester company as of year-end 2012 and 2013 1...

    Presented below is financial data for the Forrester company as of year-end 2012 and 2013 1 2012 2013 Current Assets 338,000 355,000 Total Assets 123,000 170,000 Current liabilities/29,000 73,000 Tutal liabilities/72,000 115,000 Net saics 132,000 190,000 Net income 117,500 128,200 calculate Forrester's Corrent ratio debt-to-total-assets ratio,& return on sales ratio. 2012 2013 Corrent ratio Debt-to-assets ratio Return on sales ratio

  • a) What is the retention ratio for 2012, 2013, and 2014? b) What is the sustainable...

    a) What is the retention ratio for 2012, 2013, and 2014? b) What is the sustainable growth rate for 2012, 2013, and 2014? c) what is the actual growth rate for 2013 and 2014? d) what is the equity multiplier for 2012, 2013, and 2014? Please show formulas. 2014 14,000 71,632 878,000 715,2001,287,3601,716,480 1,946,8022,680,112 836,840 1,468,8002,886,5923,516,952 Balance Sheets 2012 9,000 48,600 2013 7,282 as Short-term investments Accounts receivable Inventory Total Current Assets Net Fixed Assets Total Assets 351,200 632,160 1,124,0001...

  • 1. Calculating Gross Profit and Preparing an Income Statement In 2013, Adidas reported net sales of...

    1. Calculating Gross Profit and Preparing an Income Statement In 2013, Adidas reported net sales of €14,492 million and cost of sales of €7,352 million. Its net income was €790 million. Calculate gross profit and prepare an income statement. 2. Applying the Accounting Equation and Calculating Return on Equity and Debt-to-Equity Ratio At the end of 2013, Adidas Group reported equity of €5,481 million and total assets of €11,599 million. Its balance in equity at the end of 2012 was...

  • 12. 10,00 points E2-14 Calculating and Evaluating the Current Ratio [LO 2-1, LO 2-5] Cumberland Sports...

    12. 10,00 points E2-14 Calculating and Evaluating the Current Ratio [LO 2-1, LO 2-5] Cumberland Sports Company reported the following in recent balance sheets (amounts in thousands). September 30, 2013 December 31, 2012 Assets Current Assets Cash Short-Term Investments S 278,200 29.400 386,000 412,100 89,300 294,800 45,100 342,300 364,500 90,700 Prepaid Rent Total Current Assets 1,195,000 73,800 288.700 1.137,400 76,200 260,900 Equipment Total Assets $1,557,500 S1,474,500 Liabilities and Stockholders' Equity Current Liabilitie Accounts Payable Notes Payable (short-term) Income Taxes Payable...

  • Financial ratios for J Crew FY 2013-2014 2014 2013 Return on sales (%) 3.6% 4.2% Return...

    Financial ratios for J Crew FY 2013-2014 2014 2013 Return on sales (%) 3.6% 4.2% Return on assets (%) 2.4% 2.7% Operating return on assets (%) 6.8% 7.2% Return on equity (%) 7.4% 8.6% Total assets turnover 0.66 0.64 COGS/Inventory 4.02 4.67 Total debt: Total assets 67.7% 68.7% Total debt : Total equity 209.3% 219.4% Current ratio 1.38 1.26 Quick ratio 0.54 0.45 Working capital $159.8 $85.8 Working Capital/Sales 6.6% 3.8% (a)Analyse the ratios based on provided figures. (b)What are...

  • Data Table 2014 2013 2012 ASSETS Current Assets Cash $ $ Accounts receivable Inventory Other current...

    Data Table 2014 2013 2012 ASSETS Current Assets Cash $ $ Accounts receivable Inventory Other current assets Barron Pizza, Inc. Balance Sheet as of December 31, 2012, 2013, and 2014 ($ in thousands) 2014 2013 2012 LIABILITIES Current liabilities 7,010 $ 9,387 $ 17,662 Accounts payable 26,604 $ $ 25,881 Short-term debt 16,394 $ 12,595 Total current liabilities 11,504 $ 10,814 Long-term debt 62,401 $ 57,485 $ 65,181 Other liabilities 19,125 $ $ 20,977 Total liabilities OWNERS' EQUITY 203,828 $...

  • 2014 2013 Return on Assets 1.52     3.52 Return on Equity 13.30 27.44 Total Debt Ratio 88.20...

    2014 2013 Return on Assets 1.52     3.52 Return on Equity 13.30 27.44 Total Debt Ratio 88.20 87.28 What do these three ratios tell you about the long-term solvency and profitability of Ford during these three years? Provide a short analysis

  • Indicate what is meant by the following ratio calculations. 1. Liquidity Ratios Current Ratio = Current...

    Indicate what is meant by the following ratio calculations. 1. Liquidity Ratios Current Ratio = Current Assets                           Current Liabilities                        = 515800                           626900                      = 0.82 : 1 Quick Ratio = Quick Assets                          Current Liabilities                      = 42700 + 205800                                 626900                      = 0.40 Cash Ratio = Cash & Cash Equivalents                       Current Liabilities                   = 42700                      626900                  = 0.0681 : 1    2. Turnover / Activity Ratios Inventory Turnover = COGS                              Average Inventories...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT