Homework Answers
Part 1
1. Current Ratio = current assets/ current liabilities
Current assets = cash+ account receivables+ inventory+ other current assets
2014 - 209000/56000 = 3.7:1
2015 - 273000/71500 = 3.8:1
2. Days sale outstanding = Account receivables/ Average sales per day
2014 - 95000/928000/365 = 37.36 days
2015 - 70000/840000/365 = 30.42 days
3. Days in Inventory = Inventory/ cost of goods sold x 365
2014 - 81000/478000 * 365 = 58 days
2015 - 71000/ 465000* 365 = 48.67 days
4. Debt to Total assets ratio = Total equity/ Total assets
2014 - 674500/991000 = 0.68:1
2015 - 499000/630000 = 0.79:1
5. Times Interest Earned Ratio - EBIT/ Total Interest
2014 - 126000/28500 = 4.42:1
2015 - 76000/ 107500 = 7.07:1
6. Cash total Debt Coverage Ratio - Cash from operation/ Debt
2014 - 120000/316500 = 0.38:1
2015 - 126000/131000 = 0.96:1
( Debt = total assets - equity)
7. Gross Profit Margin - Gross profit/ Cost of Goods sold*100
2014 - 392000/478000*100 = 82%
2015 - 332000/465000*100= 71%
8. Profit Margin - Net Profit/ Net Sales*100
2014 - 76250/870000*100= 8.76%
2015 - 49000/797000*100 = 6.15%
9. Assets Turnover Ratio - Net sales/ Average Total Assets
2014 - 870000/810500 = 1.07:1
2015 - 797000/586000 = 1.36:1
10. Return on Assets - Net income/Average total assets
2014 - 76250/810500 = 0.09:1
2015 - 49000/586000 = 0.08:1
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please do Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000...
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e) Return on Assets
f) Profit Margin
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a) Current Ratio
b) Inventory Turnover
Solvency:
c) Debt to Total Assets Ratio
d) Times Interest Earned Ratio
Profitability:
e) Return on Assets
f) Profit Margin
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Show step by step working claculations
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Use the following financial statement information for Stowe Enterprises to solve Prob- lems 2A.4 through 2A.7: STOWE ENTERPRISES Statement of Comprehensive Income $4,500 2,400 500 Earnings before interest and taxes $1,600 480 $1,120 380 S 740 $ 186 554 2015 Sales Cost of goods sold Depreciation Interest paid Taxable income Taxes Net income Addition to retained earnings Dividends STOWE ENTER PRISES Abbreviated Statement of Financial Position, 2014-2015 2014 2015 Liabilities and 2014 2015 Assets shareholders' equity Current liabilities Current assets...
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