Homework Answers
C)Debt Ratio
| Total liabilities. / | Total assets | = Debt Ratio | ||
| 2017 | 333,940. / | 566,000 | =0.59 | |
| 2016 | 233,280 . / | 486,000 | =0.48 | |
Total Liabilities= Current liabilities+ Long term notes payable
2017= 272000+ 61940
2016= 202000+ 31280
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Glamor Frames has asked you to determine whether the company's ability to pay current liabilities and...
Glamor Frames has asked you to determine whether the company's ability to pay current liabilities and...
Glamor Frames has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2017 To answer that question, compute these ratios for 2017 and 2016, using the following data: (Click the icon to view the financial information) Read the requirements a. Current ratio Enter the formula on the first line, then calculate the ratio for each year. (Round your answers to two decimal places) Current assets Current liabilities Current ratio 2017...
i keep getting this wrong please help mprov aa 4. $ Cash Short-term investments 0 Net...
i keep getting this wrong please help
mprov aa 4. $ Cash Short-term investments 0 Net receivables 0 0 2017 2016 59,000 $ 46,000 29,500 $ 110,060 $ 121,660 247,520 $ 274,720 566,000 $ 486,000 272,000 $ 202,000 61,940 $ 31,280 168,295 $ 162,000 48,500 S 40,000 Inventory Total assets Total current liabilities Long-term notes payable 0 0 0 0 Income from operations Interest expense 0 Print Done Glamor Frames has asked you to determine whether the company's ability to...
Autumn Frames has asked you to determine whether the company's ability to pay current liabilities and...
Autumn Frames has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2017 To answer that question, compute these ratios for 2017 and 2016, using the following data (Click the icon to view the financial information) Read the requirements a. Current ratio Enter the formula on the first line, then calculate the ratio for each year (Round your answers to two decimal places) Current rato 2017 2010 - X Data...
Houle Furniture Company has asked you to determine whether the company's ability to pay its current...
Houle Furniture Company has asked you to determine whether the company's ability to pay its current liabilities and long-term debts improved or deteriorated during 2018. (Click the icon to view the financial statement data.) Read the requirement. Calculate the following ratios for 2018 and 2017. Round your answers to two decimal places. a. Net working capital A Data Table Select the formula and then enter the amounts to calculate the working capital for 2018 and 2017. Net working capital 2018...
Large Limb Photo Shop has asked you to determine whether the company's ability to pay current...
Large Limb Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2016. To answer this question, you gather the following data EEE (Click the icon to view the data.) Compute the following ratios for 2016 and 2015. and evaluate the company's ability to pay its current liabilities and total liabilities: a. Current ratio b. Cash ratio c. Acid-test ratio d. Debt ratio Debt to equity ratio e....
Q1. Hill Roy Corporation has asked the accounts department to determine whether the company's ability to...
Q1. Hill Roy Corporation has asked the accounts department to determine whether the company's ability to pay its current liabilities and long-term debts improved or deteriorated during current year. To answer this question, compute the following ratios for 2014 and 2013 year. I a. Current ratio b. Quick (acid-test) ratio c. Debt ratio d. Times-interest-earned ratio e. 2013 $ 47,000 Cash Short-term investments Net receivables Inventory Prepaid expenses Total assets Total current liabilities Long-term debt. Income from operations Interest expense....
W E15-19 (similar to) Question Help Big Time Photo Shop has asked you to determine whether...
W E15-19 (similar to) Question Help Big Time Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2018. To answer this question, you gather the following data: (Click the icon to view the data.) Read the requirements. a. Compute the current ratios for 2018 and 2017. Begin by selecting the formula to compute the current ratio. Current ratio = Total current assets/Total current liabilities i Requirements Now,...
Hes Q1. Hill Roy Corporation, has asked the accounts department to determine whether the company's ability...
Hes Q1. Hill Roy Corporation, has asked the accounts department to determine whether the company's ability to pay its current liabilities and long-term debts improved or deteriorated during current year. To answer this question, compute the following ratios for current year and preceding year. a. Current ratio b. Quick (acid-test) ratio c. Debt ratio d. Times-interest-earned ratio e. Prepare a small report based on your analysis of the following financial statement data in a written report format. Current Year Preceding...
Q1. Hill Roy Corporation. has asked the accounts department to determine whether the company’s ability to...
Q1. Hill Roy Corporation. has asked the accounts
department to determine whether the company’s ability to pay its
current liabilities and long-term debts improved or deteriorated
during current year. To answer this question, compute the following
ratios for current year and preceding year.
a. Current ratio
b. Quick (acid-test) ratio
c. Debt ratio
d. Times-interest-earned ratio
e. Prepare a small report based on your analysis of the following
financial statement data in a written report format.
All is given
Current...
Help Save & Che Simon Company's year end balance sheets follow. At December 31 Assets 2018...
Help Save & Che Simon Company's year end balance sheets follow. At December 31 Assets 2018 2017 2016 $ 31,800 $ 35,625 $ 37,800 89,500 62,500 50.200 112.500 82,500 54.000 10700 9,3755 .000 278.500 255.000 230,500 $523,000 $445,000 $377,500 Accounts receivable, net Nerchandise inventory Prepaid expenses Plant anneta, net Total asets Liabilities and Equity Accounts payable Long-term notes payable aecured by mortgages on plant assets Common stock, 510 PBE Value Retained earninga Total liabilities and equity $129,900 $ 75,250 $...
Glamor Frames has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2017 To answer that question, compute these ratios for 2017 and 2016, using the following data: (Click the icon to view the financial information) Read the requirements a. Current ratio Enter the formula on the first line, then calculate the ratio for each year. (Round your answers to two decimal places) Current assets Current liabilities Current ratio 2017...
i keep getting this wrong please help
mprov aa 4. $ Cash Short-term investments 0 Net receivables 0 0 2017 2016 59,000 $ 46,000 29,500 $ 110,060 $ 121,660 247,520 $ 274,720 566,000 $ 486,000 272,000 $ 202,000 61,940 $ 31,280 168,295 $ 162,000 48,500 S 40,000 Inventory Total assets Total current liabilities Long-term notes payable 0 0 0 0 Income from operations Interest expense 0 Print Done Glamor Frames has asked you to determine whether the company's ability to...
Autumn Frames has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2017 To answer that question, compute these ratios for 2017 and 2016, using the following data (Click the icon to view the financial information) Read the requirements a. Current ratio Enter the formula on the first line, then calculate the ratio for each year (Round your answers to two decimal places) Current rato 2017 2010 - X Data...
Houle Furniture Company has asked you to determine whether the company's ability to pay its current liabilities and long-term debts improved or deteriorated during 2018. (Click the icon to view the financial statement data.) Read the requirement. Calculate the following ratios for 2018 and 2017. Round your answers to two decimal places. a. Net working capital A Data Table Select the formula and then enter the amounts to calculate the working capital for 2018 and 2017. Net working capital 2018...
Large Limb Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2016. To answer this question, you gather the following data EEE (Click the icon to view the data.) Compute the following ratios for 2016 and 2015. and evaluate the company's ability to pay its current liabilities and total liabilities: a. Current ratio b. Cash ratio c. Acid-test ratio d. Debt ratio Debt to equity ratio e....
Q1. Hill Roy Corporation has asked the accounts department to determine whether the company's ability to pay its current liabilities and long-term debts improved or deteriorated during current year. To answer this question, compute the following ratios for 2014 and 2013 year. I a. Current ratio b. Quick (acid-test) ratio c. Debt ratio d. Times-interest-earned ratio e. 2013 $ 47,000 Cash Short-term investments Net receivables Inventory Prepaid expenses Total assets Total current liabilities Long-term debt. Income from operations Interest expense....
W E15-19 (similar to) Question Help Big Time Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2018. To answer this question, you gather the following data: (Click the icon to view the data.) Read the requirements. a. Compute the current ratios for 2018 and 2017. Begin by selecting the formula to compute the current ratio. Current ratio = Total current assets/Total current liabilities i Requirements Now,...
Hes Q1. Hill Roy Corporation, has asked the accounts department to determine whether the company's ability to pay its current liabilities and long-term debts improved or deteriorated during current year. To answer this question, compute the following ratios for current year and preceding year. a. Current ratio b. Quick (acid-test) ratio c. Debt ratio d. Times-interest-earned ratio e. Prepare a small report based on your analysis of the following financial statement data in a written report format. Current Year Preceding...
Q1. Hill Roy Corporation. has asked the accounts
department to determine whether the company’s ability to pay its
current liabilities and long-term debts improved or deteriorated
during current year. To answer this question, compute the following
ratios for current year and preceding year.
a. Current ratio
b. Quick (acid-test) ratio
c. Debt ratio
d. Times-interest-earned ratio
e. Prepare a small report based on your analysis of the following
financial statement data in a written report format.
All is given
Current...
Help Save & Che Simon Company's year end balance sheets follow. At December 31 Assets 2018 2017 2016 $ 31,800 $ 35,625 $ 37,800 89,500 62,500 50.200 112.500 82,500 54.000 10700 9,3755 .000 278.500 255.000 230,500 $523,000 $445,000 $377,500 Accounts receivable, net Nerchandise inventory Prepaid expenses Plant anneta, net Total asets Liabilities and Equity Accounts payable Long-term notes payable aecured by mortgages on plant assets Common stock, 510 PBE Value Retained earninga Total liabilities and equity $129,900 $ 75,250 $...
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