Plankton Company Balance Sheet as of Dec 31, 2017 (in $) Cash 112,500  
Plankton Company Balance Sheet as of Dec 31, 2017 (in $)
Cash 112,500 Accounts Payable 150,000
Receivables 336,000 Notes payable 84,000
Inventories 241,500 Other Current Liabilities 117,000
Total CA 690,000 Total CL 351,000
L-T debt 256,500
Net Fixed Assets 292,500 Common Equity 375,000
Total Assets 982,500 Total L+E 982,500
Plankton Company Income Statement (year ended Dec 31, 2017—in $)
Sales 1,607,000
Cost of Goods Sold
Materials 717,000
Labor 453,000
Heat, Light, and Power 68,000
Indirect Labor 113,000
Depreciation 41,500 1,392,000
Gross Profit 214,500
Selling Expenses 115,000
G&A Expenses 30,000
EBIT 69,500
Interest Expense 24,500
EBT 45,000
Taxes (40%) 18,000
Net Income 27,000
Use the data above for the Plankton Company to calculate the following ratios:
The answers must be carried out to two decimal points.
Current ratio:
Quick ratio:
Inventory Turnover:
Total Assets Turnover:
Profit Margin:
ROA:
ROE:
ROIC:
Total Debt/Total Capital:
Using the DuPont Equation please calculate the ROE? Must show the calculation in order to get credit.
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Homework Answers
As per rules I am answering the first 4 subparts of the question
Current ratio= Current assets/ current liabilities
= 690000/351000
= 1.97
Quick ratio =(Cash + receivables)/current liabilities
= (112500+ 336000)/351000
=1.28
Inventory Turnover= COGS/ Inventory
= 1392000/241500
=5.76
Total Assets Turnover= Sales/ Total assets
= 1607000/982500
=1.64
Add Answer to:
Plankton Company
Balance Sheet as of Dec 31, 2017 (in $)
Cash
112,500  
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course text provides a balance sheet and an income statement for
the company.)
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to show calculations for the 14 ratios listed on page 141, as well
as a comparison of your computed ratios with the listed industry
averages.
Write a short memo to your
supervisor explaining your findings and your recommendations for
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Suggest some ways in which the
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on Barry Computer Company. (Problem 4-23 on pages 140-141 of the
course text provides a balance sheet and an income statement for
the company.)
Prepare your performance report
to show calculations for the 14 ratios listed on page 141, as well
as a comparison of your computed ratios with the listed industry
averages.
Write a short memo to your
supervisor explaining your findings and your recommendations for
improvement.
Suggest some ways in which the
company can...
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