![[2] Financial ratios (58 points) Find the missing values on the balance sheet and the income statement of Pensacola Railroads (in S millions). Start with the balance sheet, and then continue with the income statement. You can use the following ratios: NOTE: USE AVERAGE RECEIVABLES AND INVENTORY Debt Ratio loterest Coverage Ratio CurreatRatio Quick Ratio Cash Ratio 0.4 1.4 0.2 Average Collection Period (average receivables) Tax rate 73 das 40% Marks: 28 for balance sheet, 30 for income statement.](http://img.homeworklib.com/questions/13b48e30-755f-11ea-8096-a544a354cb06.png?x-oss-process=image/resize,w_560)
![[2] Financial ratios (58 points) NOTE: use average inventory and receivables Balance Sheet Pensacola Railroad Marks 2017 2016 Cash & marketable securities Accounts Receivable Inventory 20 34 26 80 Current Assets 25 105 Fixed Assets Total assets Notes Payable Accounts Payable 25 30 20 35 Current Liabilities Long term Debt Equity 20 30 Total Liabilities+Equity 115 105 28](http://img.homeworklib.com/questions/14af9b70-755f-11ea-9c0e-ed774244d3c1.png?x-oss-process=image/resize,w_560)
how to get the numbersHomework Answers
| 2017 | 2016 | ||
| Cash and marketable securities (55*0.2) | 11.00 | 20.00 | Total assets = Total liabilities+Equity = 115 |
| Accounts receivable = 55*1-11 = | 44.00 | 34.00 | which is given. |
| Inventory | 22.00 | 26.00 | Next find current assets = Current liabilities*Current ratio = 55*1.4 = 77 |
| Current assets (55*1.4) | 77.00 | 80.00 | Further, cash = Current liabilities*0.2 = 55*0.2 = 11 |
| Fixed assets (115-77) | 38.00 | 25.00 | Quick assets = Current liabilities*1 = 55 |
| Total assets | 115.00 | 105.00 | Accounts receivable = 55-cash = 55-11 = 44 |
| Inventory = 77-11-44 = 22 | |||
| Notes payable | 25.00 | 20.00 | Sales and COGS calculations are given. |
| Accounts payable | 30.00 | 35.00 | Equity = beginning balance+Net income = 30+5.63 |
| Current liabilities | 55.00 | 55.00 | Long term debt = 115-53.63-55 |
| Long term debt | 6.38 | 20.00 | |
| Equity = (30.00+23.63) | 53.63 | 30.00 | |
| Total liabilities+Equity | 115.00 | 105.00 | |
| Sales | 195.00 | ||
| COGS | 120.00 | ||
| Other costs | 10.00 | ||
| Depreciation | 20.00 | ||
| EBIT | 45.00 | ||
| Interest (45/8) | 5.63 | ||
| Earnings before tax | 39.38 | ||
| Tax | 15.75 | ||
| Net income | 23.63 | ||
| WORKING NOTES FOR INCOME STATEMENT FIGURES: | |||
| Sales = Average receivables*365/73 = 39*365/73 = | 195 | ||
| COGS = Average inventory*5 = 24*5 = | 120 | ||
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how to get the numbers
[2] Financial ratios (58 points) Find the missing values on the...
[2] Financial ratios (58 points) Find the missing values on the balance sheet and the income...
[2] Financial ratios (58 points) Find the missing values on the balance sheet and the income statement of Pensacola Railroads (in S millions). Start with the balance sheet, and then continue with the income statement. You can use the following ratios: NOTE: USE AVERAGE RECEIVABLES AND INVENTORY Debt Ratio loterest Coverage Ratio CurreatRatio Quick Ratio Cash Ratio 0.4 1.4 0.2 Average Collection Period (average receivables) Tax rate 73 das 40% Marks: 28 for balance sheet, 30 for income statement. Balance...
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[2] Financial ratios (58 points) Find the missing values on the balance sheet and the income statement of Pensacola Railroads (in S millions). Start with the balance sheet, and then continue with the income statement. You can use the following ratios: NOTE: USE AVERAGE RECEIVABLES AND INVENTORY Debt Ratio loterest Coverage Ratio CurreatRatio Quick Ratio Cash Ratio 0.4 1.4 0.2 Average Collection Period (average receivables) Tax rate 73 das 40% Marks: 28 for balance sheet, 30 for income statement. Balance...
2. Calculating Financial Ratios [LO2] Find the following financial ratios for Smolira Golf Corp. for 2018 (year-end figures reflect average values where appropriate): Assets Current assets Cash Accounts receivable Inventory Total SMOLIRA GOLF CORP. 2018 Balance Sheets Liabilities and Owners' Equity 2018 2018 Current liabilities $ 37,837 Accounts payable $ 42,582 27,766 Notes payable 16,200 42.632 Other 24 634 108,235 Total 83,416 145,000 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Equity Total liabilities and owners'...
Use the attached Income Statement and Balance Sheet to compute
the required financial ratios for Seward Inc. and compare to the
industry averages. After that, write a brief summary as to what
each ratio is measuring and how Seward compares to the industry.
For example, you may find that Seward's Inventory Turnover is not
as high as the industry average, so they are either not managing
their inventories or may be experiencing a decrease in sales.
Seward Industries a. Compute...
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ne saved CILJUDI Check my work Problem 4-7 Financial Ratios (LO3) Here are simplified financial statements for Phone Corporation in a recent year: points eBook INCOME STATEMENT (Figures in $ millions) Net sales Cost of goods sold Other expenses Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes (at 35%) Net income Dividends $ 13,700 4,360 4,047 2,698 $ 2,595 715 $ 1,880 658 $ 1,222 $ 916 Print References BALANCE SHEET (Figures in $ millions)...
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