Aug- Jan-15 Feb-15 5 Apr-15 15 Jun-15 ul-15 15 Sep-15 Oct-15 15 Dec-15 YEARLY (Sales) Garment...

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Aug- Jan-15 Feb-15 5 Apr-15 15 Jun-15 ul-15 15 Sep-15 Oct-15 15 Dec-15 YEARLY (Sales) Garment 205,6809,2 241,18 246,0023862 229,07 233,66245,34247,79 252,75 278,02 361,43 2.989,3 15,543 15,542 15,542 17.873 18,231 17,684 16,976 17,316 18,182 18364 18,731 20,604 210.588 Revenue | 221,22| 225,26 256,72| 263,87| 25685| 246,76| 2s063| 262,661 265,971 271,111 296,751 38204| 3,199 90 Cost of Sales 51,925 9,714 60,908 59,081 56,718 57852 60.744 61.352 62,579 68.837 703,578 Accessorie-771-991| 7,887| 9,070-251| 8,974丨 8,61 s| 8,787| 9,226| 9,319-sos110.4ssl 7,771 26 9,319 9.sos 10.A55 20 850 tous。 Total Cost of Sales 194 60437 9,812 68,784 70,159 68054 65,332 66639 69971 70,671 72,084 79,292 810,428 162,0 164,82 196,91 195,09 186,69 178,701 196, -00,44 1 224,67 302,74 2 Expenses expenses 15,550 15,401 15.273 17564 17915 17,378 16,583 17.016 17,867 18,046 18,407 20,247 207347 genses 46,400 42.928 43.799 43,799 43,299 43,299 43,799 43,799 43,799 43,799 43,799 43,799 $27.315 office and 539 568 561 561 561 561 19 56156 maintenan 958| 977 993 1 993 3 993 993 993 993 993 6 856 ー856 856 993 993 11,870 856 10,315 378 16,407 Advertising 378 1,378 30 736 30 30 730 78 825 878 878 0 2 S62|2.566|2.566|2.5661-2 ss6-2.566 021,728 2,566| 2.566| 2.566| 2.566 2.566 30,719 800 10,532 5,2065,957 5,647 5,647 5,647 5,647 5,647 5,647 5,6475,6475,647 5,647 Total 75,689 73.921 73.481 75.772 76.123 75,586 489075.224 254 76,614 78,455 908,083 123,43 119,32 110,57 103,12 110,41 120,79 119,93 124,19 148,06 224,29 1,481,38 86,344 90,907 817 43,200 41,763 38,700 645 42 41,977 467 51.821 78,503 518,486 145,79 Income 80,229 77,559 1,769 78,518 77,95680,725 96,239 1962,902

12/31/2014 12/31/2015 Assets Current Assets Cash in bank Accounts receivable Inven Prepaid expenses Total Current Assets 57.0005 63,000 75,000 82,000 66,000 6,000 204,000 230,000 75,000 8,000 Fixed Assets Machinery & equipment 25,200 25,200 229,200248,000 S 18,000 Total Fixed Assets (net of depreciation) TOTAL Assets Liabilities and Equity Current Liabilities S 18,000 89,000 $ 90,000 Total Current Liabilities 89,000 $ 90,000 Long-term Debt Bank loans payable Total Long-term Debt Total Liabilities $ 50,000 62,000 62,000 151,000 78,200 229,200 $ 50,000 140,000 LI 108,000 Total Liabilities & Equity 248,000

Task 2: Solvency Analysis Calculate the following ratios for Raymond companys solvency condition: debt-to-assets ratio debt-to-equity ratio . interest coverage ratio plant assets to long-term liabilities .

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Answer 1

Answer #1

Debt to Assets Ratio Total Liabilities/Total Assets $140,000/$248.000 0.56 Therefore, debt to assets ratio is O.56. Debt to E

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