Homework Answers
Wine Depot Inc
Ratio Analysis
December 2021
Profitability ratios :
Profit Margin Ratio= Net income / Net Sales=$26250/$425000*100=6.176%
Gross Margin Ratio = Gross Margin/ Net Sales=$233750/$425000*100=55%
Liquidity Ratios :
Current Ratio =Current Assets/Current Liabilities=$32300/$10750=3
Quick Ratio=Cash+Cash Equivalents+Short term investments+Current receivables
Current Liabilities
=$7000+$0+$3500+$8500
$10750
=1.767
Receivables Turnover Ratio=Net Credit Sales/Average Accounts Receivables=$425000/$7250=58.62
Inventory Turnover Ratio=Cost of Goods Sold/Average Inventory=$191250/$8500=22.5
Solvency Ratios :
Debt to Equity Ratio=Total Liabilities/Total Equity=$120000/$109250=1.098
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can you help me with the T account, income statement,Balance
sheet, earnings per share and Owners equity table . for the Year
2021. i added the info for the year 2020 to help
Do
not worry about the question in the text, i just need help with the
income statement2021, Balance sheet 2021, Taccount 2021, eps and
owner equity 2021. the first pocture are juste the info for
2020
1,000 Assets Current Assets Cash Inventory Total Current Assets 35,400 36,400...
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