Question

Copy of Financial Statements - Bridgford Food! - RS AutoSave o 2 Insert 8. P age Layout Formulas Data Review Draw Help View Search File Home Bad Neutral Number # 10 Arial BTU. LL NA A- 2 Wrap Text Merge Center - Good Input Normal Conditional Formats Check Cell Formatting Table- X Cut Copy Format Painter Clipboard Explanatory... E Number Alignment Styles F34 - H UCL 20, E Nov. 03, 2017 Nov. 02, 2018 Nov. 01, 2019 $ 6,985 16,582 24,081 937 $ 12,109 19,148 23,016 1,550 55,823 18,571 13,111 10,040 97,545 48,585 10,362 13.775 14,532 87,254 $ 8,179 20,293 23,413 1,331 53,216 32,638 11,630 4,010 101,494 $3,478 21,875 26,367 1,048 52,768 54,346 12,295 4,047 123456 1 Consolidated Balance Sheets - USD ($) $ in Thousands 2 Current assets: 3 Cash and cash equivalents 4 Accounts receivable, less allowance for doubtful accounts of $146, 5 Inventories, net 6 Prepaid expenses 7 Total current assets 8 Property, plant and equipment, net of accumulated depreciation 9 Other non-current assets 10 Deferred income taxes 11 Total assets 12 Current liabilities: 13 Accounts payable 14 Accrued payroll, advertising and other expenses 15 Income taxes payable 16 Current portion of non-current liabilities 17 Total current liabilities 18 Non-current liabilities 19 Total liabilities 20 Shareholders' equity: 21 Preferred stock, without par value Authorized, - 1,000 shares; 22 Common stock. $1.00 par value Authorized, -20,000 shares; issued 23 Capital in excess of par value 24 Retained earnings 25 Accumulated other comprehensive loss 26 Total shareholders' equity 21 Total liabilities and shareholders' equity 4.085 4,089 130 3,918 12.222 36,123 48,345 5,365 4,555 216 6,108 16,244 25,263 41,507 7,655 4,577 155 5,980 18,367 17,447 35,814 7.993 5.180 90 6,377 19,940 37,032 56,972 9.134 9,134 8,298 48,073 (26,596) 38,909 $87,254 9,134 8,298 56,902 (18,296) 56,038 $ 97,545 9,134 8,298 65.948 (17,700) 65,680 $ 101,494 8,298 72.432 (23,380) 66,484 $123,456 30 Enter ratios in columns C, E, G, and I Current Ratio Quick Ratio Cash Ratio Debt to Equity Ratio Debt Ratio Income Statement Balance Sheet 1 Type here to search e m 9 %

Answer 1

All the ratios shown below-

Current Ratio= Current Asset/ Current liabilities Current Asset Current Liabilities Current Ratio 2016 2017 2018 2019 48585 55823 53216 52768 12222 16244 18367 19940 3.97520864 3.436530411 2.897370284 2.646339017 Quick Ratio-Current Asset- Prepaid expense- Inventory/ Current Liabilities Current Asset Minus: Prepaid expense Minus: Inventory 48585 937 24081 23567 12222 1.93 5 5823 1550 23016 31257 16244 1.92 53216 1331 23413 28472 18367 1.55 52768 1048 26367 25353 19940 1.27 Current Liabilities Quick Ratio Cash Ratio=Cash & Cash Equivalents/ Current Liabilities Cash & Cash Equivalents Current Liabilities Cash Ratio 6985 12222 0.57 12109 16244 0.75 8179 18367 0.45 3478 19940 0.17 Debt to Equity Ratio= Total Liabilities/ Stockholder's Equity Total Liabilities Shareholder's Equity Debt to equity Ratio 48345 38909 1.24 41507 56038 0.74 35814 65680 0.55 56972 66484 0.86 Debt Ratio= Total Liabilities/ Total Assets 41507 Total Liabilities Total Assets Debt Ratio 48345 87254 0.55 41507 97545 0.43 35814 101494 0.35 56972 123456 0.46

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