I need this info, what is the ORI, total asset turn over, fixed assets, times interest earned ratio,...
I need this info, what is the ORI, total asset turn over, fixed assets, times interest earned ratio, debt ratio, current ratio, average collection period, return on common equity,
inventory turnover ratio, total asset turn over.
Jones CompanyBalance Sheet
For the Year Ended 12/31/2015
Assets:
Cash and marketable securities $ 400,000
Accounts receivable 1,025,000
Inventories 1,937,500
Prepaid expenses 124,000
Total current assets $3,486,500
Fixed assets 2,800,000
Less: accum. depreciation (1,087,500)
Net fixed assets $1,712,500
Total assets $5,199,000
Liabilities:
Accounts payable $ 340,000
Notes payable 825,000
Accrued taxes 42,000
Total current liabilities $1,207,000
Long-term debt 1,175,000
Owner's equity 2,817,000
Total liabilities and owner's equity $5,199,000
Jones Company Income Statement
For the Year Ended 12/31/2015
Net sales (all credit) $7,375,000
Less: Cost of goods sold (4,312,500)
Selling and administrative expense (1,387,500)
Depreciation expense (135,000)
Interest expense (127,000)
Earnings before taxes 1,413,000
Income taxes (625,000)
Net income $ 788,000
Common stock dividends $488,000
Homework Answers
Solution :-
(i) Total Assets Turnover Ratio = Net Sales / Total Assets = $7375000 / $5199000 = 1.418 times
(ii) Fixed Assets Turnover Ratio = Net Sales / Fixed Assets = $7375000 / $1712500 = 4.306 times
(iii) Times Interest Earned Ratio = EBIT / Interest Expense = $1540000 / $127000 = 12.126 times
EBIT = Earning before taxes + Interest = $1413000 + $127000 = $1540000
(iv) Debt ratio = Debt / (debt + Equity) = $1175000 / ( $1175000 + $2817000) = 0.294 : 1
(V) Current Ratio = Current Assets / Current Liabilities = $3486500 / $1207000 = 2.888 times
(vi) Accounts Receivable turnover Ratio = Net Credit Sales / Account Receivables = $7375000 / $1025000 = 7.195
Average Collection Period = 365 / Acc. Rec. turnover ratio = 365 / 7.195 = 50.72 Days
(vii) Return on Equity = Net Income / Equity = $788000 / $2817000 = 27.97%
(viii) Inventory Turnover ratio = Net Sales / Inventory = $7375000 / $1937500 = 3.806 times
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I need this info, what is the ORI, total
asset turn over, fixed assets, times interest earned
ratio,...
calculate current ratio, average collection period, debt ratio, net profit margin and inventory turnover ratio. Rachel...
calculate
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Compute these ratios for all five years of data and present a
table of these ratios.
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Compute the following:
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5. Times interest earned ratio. (Round your answer to 2 decimal places.) Times interest earned ratio 6. Average collection period. (Use 365 days in a year. Round your answer to 1 decimal place.) Average collection period days 7. Average sale period. (Use 365 days in a year. Round your intermediate and final answer to 1 decimal place.) Average sale period days Operating cycle. (Round your intermediate calculations and final answers to 1 decimal place.) Operating cycle The financial statements for...
1) the times interest earned ratio 2) the debt to equity ratio 3) the gross margin...
1) the times interest earned ratio
2) the debt to equity ratio
3) the gross margin percentage
4) the return on total assets (total assets at the beginning
of last hear were 13,070,000)
5) the return on equity(stockholders equity at the beginning
of last year totaled 7,990,250)
no change in common stock over two years
6) ks the companys financial leverage positive ir
negative?
$ 960.000 2,700.000 3.600.000 260.000 7.520.000 9.520.000 $17,040,000 $ 1.200.000 300,000 1.800.000 2.000.000 200.000 5,500,000 9.050.000...
Current ratio Quick ratio Debt to equity ratio Times interest earned ratio Receivables turnover rati...
Current ratio
Quick ratio
Debt to equity ratio
Times interest earned ratio
Receivables turnover ratio
Average collection period
Inventory turnover ratio
Average days inventory held
Payables turnover ratio
Average days payables outstanding
Asset turnover ratio
Profit margin on sales
Return on assets (ROA)
Return on shareholders' equity (ROE)
To calculate the above statement using the following
material:
FORD MOTOR COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET (in millions) December 31 2018 December 31 2017 ASSETS Cash and cash equivalents (Note 9)...
What is Sherman, Inc.'s 20X2 times interest earned ratio? a) 22.45 times b) 31.37 times c)...
What is Sherman, Inc.'s 20X2 times interest earned
ratio?
a) 22.45 times
b) 31.37 times
c) 45.90 times
d) 46.00 times
EXHIBIT A Sherman, Inc. Balance Sheet As of December 31, 20X1 and 20X2 Assets 20X1 20x2 Marketable securities Accounts receivable Inventory Total current set $ 23,000 8,000 68.000 180.000 $277.000 $ 49,000 10.000 92.000 170,000 $321.000 Land Buildings Equipment Accumulated depreciation Total fixed assets (her) Total asset $ 50.000 125,000 170.000 $ 90,000 105.000 115,000 42.000 $268.000 $545.000 $276.000...
Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover Average collection...
Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover Average collection period 0.6 5.0 73 days Use the above information from the tables to work out the following missing entries, and then calculate the company's return on equity. Note: Turnover and the average collection period are calculated using start-of-year, not average, values. (Enter your answers in millions. Round intermediate calculations and final answers to 2 decimal places.) INCOME STATEMENT (Figures in $ millions) Net sales...
calculate
current ratio, average collection period, debt ratio, net profit
margin and inventory turnover ratio.
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Calculate the current ratio, quick ratio, long-term debt/total
assets, times interest earned, and fixed cost coverage using the
picture below.
X2 X3 X4 $2,500,000 3.200,000 3,500,000 4,000,000 1.900.000 2400.0002.700.000 3200.000 800,000 400,00D 25,000 200,000 10.000 20.000 30.000 60.000 15,000 107,500 COST OF GOODS SOLD GROSS PROFIT SELLING & ADMINISTRATIVE EXPENSE DEPRECIATION LEASES MISCELLANEOUS EXPENSE 600,000 400,000 800,000 800,000 400,000 160,000 190,000 138,700 25,000 175,000 170,000 89,000 EARNINGS BEFORE INTEREST & TAXES INTEREST EARNINGS BEFORE TAXES TAXES (35%) NET INCOME DIVIDENDS...
Current Ratio
Quick Ratio
Times Interest Earned
Debt to Equity
Fixed Asset Turnover
Compute these ratios for all five years of data and present a
table of these ratios.
Results from Continuing Operations (000) 20x5 20X4 20x3 20x2 20X1 Net Sales Cost of Sales Selling General and Admin Exp. Operating Income 218623 171058 32619 14946 179345 141508 24386 13451 151803 122249 19803 9751 154458 121233 19878 13347 119840 98261 14903 6676 Interest Expense 2272 2285 1732 875 634 Pretax Income...
Table 4-6 Sample Balance Sheet 2018 2019 7,000,000 9,000,000 Current assets Total fixed assets Total assets 8,000,000 15,000,000 6,000,000 15,000,000 Current liabilities Long term debt 3,000,000 4,000,000 1,000,000 4,000,000 Owner's equity 8,000,000 10,000,000 Total liabilities & owner's equity 15.000.000 15.000.000 3.Based on the Balance Sheet Below on Table 4-6, Calculate the following for each year: 2018 Current Ratio: Debt-to-Asset Ratio: 2019 Current Ratio: Debt-to-Asset Ratio: B.Explain what each of these ratios mean. Did they improve or decline from 2018 to...
Compute the following:
(5) debt-to-equity ratio
(6) times interest earned
(7) net profit margin
(8) total asset turnover
CADET CORPORATION Income Statement For Year Ended December 31, 2009 Sales $456,600 Cost of goods sold Gross profit Operating expenses 297.450 159.150 99.400 Interest expense 3,900 Income before taxes 55,850 Income taxes 22,499 $ 33,35 Net income CADET CORPORATION Balance Sheet December 31, 2009 Liabilities and Equity Accounts payable Accrued wages payable Income taxes payable Assets S 20,000 Cash 21,500 8,200 Short-term...
5. Times interest earned ratio. (Round your answer to 2 decimal places.) Times interest earned ratio 6. Average collection period. (Use 365 days in a year. Round your answer to 1 decimal place.) Average collection period days 7. Average sale period. (Use 365 days in a year. Round your intermediate and final answer to 1 decimal place.) Average sale period days Operating cycle. (Round your intermediate calculations and final answers to 1 decimal place.) Operating cycle The financial statements for...
1) the times interest earned ratio
2) the debt to equity ratio
3) the gross margin percentage
4) the return on total assets (total assets at the beginning
of last hear were 13,070,000)
5) the return on equity(stockholders equity at the beginning
of last year totaled 7,990,250)
no change in common stock over two years
6) ks the companys financial leverage positive ir
negative?
$ 960.000 2,700.000 3.600.000 260.000 7.520.000 9.520.000 $17,040,000 $ 1.200.000 300,000 1.800.000 2.000.000 200.000 5,500,000 9.050.000...
Current ratio
Quick ratio
Debt to equity ratio
Times interest earned ratio
Receivables turnover ratio
Average collection period
Inventory turnover ratio
Average days inventory held
Payables turnover ratio
Average days payables outstanding
Asset turnover ratio
Profit margin on sales
Return on assets (ROA)
Return on shareholders' equity (ROE)
To calculate the above statement using the following
material:
FORD MOTOR COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET (in millions) December 31 2018 December 31 2017 ASSETS Cash and cash equivalents (Note 9)...
What is Sherman, Inc.'s 20X2 times interest earned
ratio?
a) 22.45 times
b) 31.37 times
c) 45.90 times
d) 46.00 times
EXHIBIT A Sherman, Inc. Balance Sheet As of December 31, 20X1 and 20X2 Assets 20X1 20x2 Marketable securities Accounts receivable Inventory Total current set $ 23,000 8,000 68.000 180.000 $277.000 $ 49,000 10.000 92.000 170,000 $321.000 Land Buildings Equipment Accumulated depreciation Total fixed assets (her) Total asset $ 50.000 125,000 170.000 $ 90,000 105.000 115,000 42.000 $268.000 $545.000 $276.000...
Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover Average collection period 0.6 5.0 73 days Use the above information from the tables to work out the following missing entries, and then calculate the company's return on equity. Note: Turnover and the average collection period are calculated using start-of-year, not average, values. (Enter your answers in millions. Round intermediate calculations and final answers to 2 decimal places.) INCOME STATEMENT (Figures in $ millions) Net sales...
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