Financial ratios computed for Whittaker Inc. include the
following:
Current ratio | 1.9 | to 1 | |
Acid-test ratio | 1.4 | to 1 | |
Debt/equity ratio | 2.0 | to 1 | |
Inventory turnover | 3.6 | times | |
Accounts receivable turnover | 5.4 | times | |
Times interest earned | 4.60 | times | |
Gross profit ratio | 40 | % | |
Return on investment | 7.17 | % | |
Earnings per share | $ | 3.40 | |
Financial ratios computed for Whittaker Inc. include the following: Current ratio 1.9 to 1 Acid-test ratio...
Financial ratios computed for Whittaker Inc. include the following: Current ratio 1.9 to 1 Acid-test ratio 1.4 to 1 Debt/equity ratio 2.0 to 1 Inventory turnover 3.6 times Accounts receivable turnover 5.4 times Times interest earned 4.60 times Gross profit ratio 40 % Return on investment 7.17 % Earnings per share $ 3.40 All sales during the year were made on account. Cash collections during the year exceeded sales by $13,000, and no uncollectible accounts were written off. The balance...
e following ratios are computed from the financial statements of the Wattawa Company. Compute the missing amounts on the firm's financial statements. Quick Ratio 1.0 Current Ratio 1.5 Accounts Receivable Turnover 5 Debt Ratio 30% Times Interest Earned 3 Inventory Turnover 4 Note: 1) For ratios that call for an average balance, use the year-end value only. 2) All sales were on credit. Wattawa Company Income Statement For the year ended December 31, 2018 Sales ? Less: Cost of Goods...
A. Required: 1. Please calculate the following ratios and amounts: a) working capital, current ratio, acid-test ratio, cash to current liabilities ratio, days’ sales in receivables (based on ending accounts receivables), days’ sales in inventory (based on cost of goods and ending inventory), operating cycle, total debt to equity ratio and times interest earned. For your calculations, assume that a year amounts for 360 days The balance sheet and the income statement of “Omega” Company containing data in € is...
A. Required: 1. Please calculate the following ratios and amounts: a) working capital, current ratio, acid-test ratio, cash to current liabilities ratio, days’ sales in receivables (based on ending accounts receivables), days’ sales in inventory (based on cost of goods and ending inventory), operating cycle, total debt to equity ratio and times interest earned. For your calculations, assume that a year amounts for 360 days The balance sheet and the income statement of “Omega” Company containing data in € is...
The following information is available about the company: a. All sales during the year were on account. b. There was no change in the number of shares of common stock outstanding during the year. C. The interest expense on the income statement relates to the bonds payable; the amount of bonds outstanding did not change during the year. d. Selected balances at the beginning of the current year were: Accounts receivable Inventory Total assets $ 160,000 $ 280,000 $2,160,000 e....
Compute the following: (1) current ratio (2) acid-test ratio (3) inventory turnover (4) Debt ratio (5) debt-to-equity ratio (6) times interest earned (7) net profit margin (8) total asset turnover (9) return on total assets (10) return on equity. CADET CORPORATION Income Statement For Year Ended December 31, 2009 Sales ..... Cost of goods sold ........ Gross profit ............. Operating expenses ........ Interest expense Income before taxes ...... Income taxes ........... Net income ............. $456,600 297,450 159,150 99,400 3,900 55,850...
QUESTION 3 From following financial statements, calculate following ratios and analyse the current year and previous year performance a) Current ratio. b) Days sales outstanding (DSO). (Sales 2017 RM500m & Sales 2018 RM600m) c) Inventory turnover ratio d) Total debt to assets e) Return on assets (ROA) (Net income 2017 RM42m &Net income 2018 RM58m) Moon Inc. Balance Sheet (RM millions) as at December 31, 2015 and 2016 2015 21 51 2016 20 84 Cash Accounts receivable Inventory Prepaid expenses...
Current Ratio The following financial data is from Hi-Tech Instruments' financial statements (thousands of dollars, except earnings per share.) 2016 Sales revenue $210,000 Cost of goods sold 125,000 Net income 8,300 Dividends 2,600 Earnings per share 4.15 Hi-Tech Instruments, Inc. Balance Sheet (Thousands of Dollars) Dec. 31, 2016 Dec. 31, 2015 Assets Cash 14,300 $18,000 Accounts receivable (net) 42,000 41,000 Inventory 39,500 43,700 Total current assets 95,800 102,700 Plant assets (net) 52,600 50,500 Other assets 15,600 13,800 Total assets 164,000...
The following financial information is for Priscoll Company. The following financial information is for Priscoll Company. 2019 $ 71,500 44,000 99,000 181,500 25,300 Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 77,000 Debt investments (short-term) 60,500 Accounts receivable 114,400 Inventory 253,000 Prepaid expenses 27,500 Land 143,000 Building and equipment (net) 286,000 Total assets $961,400 Liabilities and Stockholders' Equity Notes payable (short-term) $187,000 Accounts payable 71,500 Accrued liabilities 44,000 Bonds payable, due 2023 275,000 Common stock, $10 par 220,000...
Problem # 1 (50 points) Given the Income Statement and Balance Sheet Compute: Current Ratio Acid-Test Ratio Days in Receivable Days in Inventory Operating Profit Margin Total Asset Tumover Fixed-asset turnover Debt Ratio Times Interest Earned Return on Equity Income Statement Balance Sheet Assets Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets Gross Plant and Equipment Accumulated Depreciation Net Fixed Assets Total Assets $200,000 $60,000 $100,000 $20,000 $380,000 $802,000 -$132,000 $670,000 $1,050,000 Sales (all credit) Cost of Goods Sold...