g.
Working capital = Current Assets - Current Liabilitiies
Working capital = ($8,400+29,400) - ($4,500+4,800)
Working capital = $37,800 - 9,300 = $28,500
Current ratio = Current assets / Current liabilities
Current ratio = $37,800 / $9,300 = 4.06
The company's overall liquidity is good as its current ratio is more than 1 as their current assets are than current liabilities
Capstone analytical review of @ Chapters 2-4. Calculate liquidity and profitability measures and explain various financial...
Capstone analytical review of @ Chapters 2-4. Calculate liquidity and profitability measures and explain various financial statement relationships for an excavation contractor Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31, 2019, financial statements: For the Year Ended December 31, 2019: Net revenues $ 96,600 Cost of services provided 34,200 Depreciation expense 19.500 Operating income $ 42.900 Interest expense 11,400 Income tax expense 9,600 Net income $ 21,900 At December...
Capstone analytical review of @ Chapters 2-4. Calculate liquidity and profitability measures and explain various financial statement relationships for an excavation contractor Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31, 2019, financial statements: For the Year Ended December 31, 2019: Net revenues $ 96,600 Cost of services provided 34,200 Depreciation expense 19.500 Operating income $ 42.900 Interest expense 11,400 Income tax expense 9,600 Net income $ 21,900 At December...
Capstone analytical review of @ Chapters 2-4. Calculate liquidity and profitability measures and explain various financial statement relationships for an excavation contractor Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31, 2019, financial statements: For the Year Ended December 31, 2019: Net revenues $ 96,600 Cost of services provided 34,200 Depreciation expense 19.500 Operating income $ 42.900 Interest expense 11,400 Income tax expense 9,600 Net income $ 21,900 At December...
Capstone analytical review of @ Chapters 2-4. Calculate liquidity and profitability measures and explain various financial statement relationships for an excavation contractor Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31, 2019, financial statements: For the Year Ended December 31, 2019: Net revenues $ 96,600 Cost of services provided 34,200 Depreciation expense 19.500 Operating income $ 42.900 Interest expense 11,400 Income tax expense 9,600 Net income $ 21,900 At December...
Capstone analytical review of @ Chapters 2-4. Calculate liquidity and profitability measures and explain various financial statement relationships for an excavation contractor Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31, 2019, financial statements: For the Year Ended December 31, 2019: Net revenues $ 96,600 Cost of services provided 34,200 Depreciation expense 19.500 Operating income $ 42.900 Interest expense 11,400 Income tax expense 9,600 Net income $ 21,900 At December...
Capstone analytical review of @ Chapters 2-4. Calculate liquidity and profitability measures and explain various financial statement relationships for an excavation contractor Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31, 2019, financial statements: For the Year Ended December 31, 2019: Net revenues $ 96,600 Cost of services provided 34,200 Depreciation expense 19.500 Operating income $ 42.900 Interest expense 11,400 Income tax expense 9,600 Net income $ 21,900 At December...
Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31, 2019, financial statements: For the Year Ended December 31, 2019: Net revenues $ 96,600 Cost of services provided 34,200 Depreciation expense 19,500 Operating income $ 42,900 Interest expense 11,400 Income tax expense 9,600 Net income $ 21,900 At December 31, 2019: Assets Cash and short-term investments $ 8,400 Accounts receivable, net 29,400 Property, plant, and equipment, net 232,200 Total assets $...
1. Calculate the company’s average income tax rate. (Hint: You must first determine the earnings before taxes.) 2. Calculate the amount of total current assets. 3. Calculate the amount of working capital and the current ratio at December 31, 2019. Assess the company’s overall liquidity. 4. Calculate ROI (including margin and turnover) and ROE for the year ended December 31, 2019. 5. Calculate the amount of dividends declared and paid during the year ended December 31, 2019. (Hint: Do a...
Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31, 2019, financial statements: For the Year Ended December 31, 2019: Net revenues $ 33,800 Cost of services provided 11,600 Depreciation expense 5,500 Operating income $ 16,700 Interest expense 3,600 Income tax expense 3,200 Net income $ 9,900 At December 31, 2019: Assets Cash and short-term investments $ 2,700 Accounts receivable, net 9,900 Property, plant, and equipment, net 87,400 Total assets $...
Just E-I is what I need. Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31, 2019, financial statements: $ 120,600 36,200 21,500 $ 62,900 25,830 10,600 $ 26,470 For the Year Ended December 31, 2019: Net revenues Cost of services provided Depreciation expense Operating income Interest expense Income tax expense Net income At December 31, 2019: Assets Cash and short-term investments Accounts receivable, net Property, plant, and equipment, net Total...