Homework Answers
Answer:
Current Ratio = Current Assets / Current Liabilities
20X4 = 47500 / 48000 = 0.989
20X5 = 45500 / 46000 = 0.989
Acid Test Ratio = Quick Assets / Current Liabilities
20X4 = (36500 + 3400 ) / 48000 = 0.831
20X5 = (34000 + 4000 ) / 46000 = 0.826
Debt Equity Ratio = Total Liabilities / Total Equity
20X4 = (48000 + 940000 ) / (150000 + 15000 + 115500 ) = 988000 / 280500 = 3.52
20X5 = (46000 + 934000 ) / ( 150000 + 15000 + 131500 ) = 980000 / 296500 = 3.31
Food Inventory Turnover 20X5 = Cost of goods sold / Avg. Inventory = 500000 / ( 5000 + 5500 ) / 2 = 500000 / 5250 = 95.24
Accounts Receivable Turnover 20X5 = Net Sales / Avg.Accounts Receivable
= 1790000 / ( 3400 + 4000 ) / 2 = 1790000 / 3700 = 483.78
Avg. Collection Period 20X5 = 365 / Accounts Receivable Turnover = 365 / 483.78 = 0.7544 Days
Long Term Debt to Total Capitalization = Long Term Debt / Total Capital
20X4 = 940000 / ( 940000 + 150000 + 115500 + 15000) = 940000 / 1220500 = 0.77
20X5 = 934000 / ( 934000 + 150000 + 15000 + 131500 ) = 934000 / 1230500 = 0.759
Asset Turnover 20X5 = Net Sales / Avg. Total Assets = 1790000 / ( 1268500 + 1276500 ) / 2
= 1790000 / 1272500 = 1.41
Return on Assets = Net Income / Avg. Total Assets = 186000 / ( 1268500 + 1276500 ) / 2 = 186000 / 1272500 = 14.62%
Return on Owner's Equity = Net Income / Avg. Total Equity = 186000 / ( 280500 + 296500 ) / 2 = 186000 / 288500 = 64.47%
Times Interest earned 20X5 = EBIT / Interest Expense = (422000 - 20000-10000-5000-20000) / 80000
= 367000 / 80000 = 4.59
Fixed Charge Coverage Ratio 20X5 = EBIT + Fixed charges before Taxes / Fixed charges before Taxes + Interest
= (367000 + 55000 ) / (55000 + 80000) = 422000 / 135000 = 3.13
Profit Margin for 20X5 = Net Income / Net Sales = 186000 / 1790000 = 10.39%
Earning per share = Net Income / Outstanding shares = 186000 / 25000 = $7.44
Average Food service 20X5 = Net Sales / No. of meals = 1790000 / 164000 = 10.91
Food Cost percentage = cost of food sold / Net sales = 500000 / 1790000 = 27.93%
Labour cost percentage 20X5 = (600000 + 80000 ) / 1790000 = 37.99%
Operating Cash flow to Current Liabilities = 203500 / 46000 = 4.42
Operating Cash flow to Total Liabilities = 203500 / ( 46000 + 934000 ) = 203500 / 980000 = 20.77%
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My question is how to solve the answers for the yellow blocks? Is there any possible...
My question is how to solve the answers for the yellow blocks?
Is there any possible way I could get some help with this
question.
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please solve correclty use this spreadsheet this is an example of how to do with difffent...
please solve correclty
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this is an example of how to do with difffent imformation, please
follow this example to complete the excercise
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please solve correclty
use this spreadsheet
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follow this example to complete the excercise
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