Homework Answers
Return on Equity is calculated with the following formula
ROE = Net income/Shareholder's equity
ROE of the firm for 2010 = $900/$16200
= 0.0556 or 5.6%
Inventory turnover is calculated as follows
Inventory turnover = Cost of goods sold/ Inventory
Inventory turnover of the firm for 2010 = $87000/$4350
= 20 times
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Dana Dairy Products Key Ratios Industry Actual Actual Average 2009 2010 Current Ratio 1.3 1.0 Quick...
Actual 2019 Dana Dairy Products Key Ratios Industry Actual Average 2018 Current ratio 1.3 1.0 Quick...
Actual 2019 Dana Dairy Products Key Ratios Industry Actual Average 2018 Current ratio 1.3 1.0 Quick ratio 0.8 0.75 Average collection period 23 days 30 days Inventory turnover 21.7 Debt ratio 64.7% Times interest eamed 4.8 5.5 Gross profit margin 13.6% 12.0% Net profit margin 1.0% 0.5% Return on total assets 2.9% 20% Retum on equity 8.2% 4.0% 19 50% Income Statement Dana Dairy Products For the Year Ended December 31, 2019 Sales revenue $100,000 Less: Cost of goods sold...
a) If you were a creditor, could you give short term loan to SPRING company? Give...
a) If you were a creditor, could you give short term
loan to SPRING company? Give reasons, compare with generally
accepted accounting standards, find net working capital and discuss
the Five C's of credit.
b) Calculate the operating cycle for the company and evaluate the
efficiency of the corporation.
c) How could you evaluate the profitability position
of that company?
please explain all details.
a, b and c questions are related with FALL company.
Compute the actual 2013 financial ratios...
a) If you were a creditor, could you give short term loan to SPRING company? Give...
a) If you were a creditor, could you give short term
loan to SPRING company?
Give reasons, compare with generally accepted accounting standards,
find net working capital and discuss the Five C's of credit.
b) Calculate the operating cycle for the company and
evaluate the efficiency of the corporation.
c) How could you evaluate the profitability position
of that company?
1PUESTIONS (3) The first three questions are elated with the FALL CoMpany Compute the actual 2013 fnancial ratios listed abeve...
Long-term debt ratio 0.1 Times interest earned 8.0 Current ratio 1.2 Quick ratio 1.0 Cash ratio...
Long-term debt ratio 0.1 Times interest earned 8.0 Current ratio 1.2 Quick ratio 1.0 Cash ratio 0.6 Inventory turnover 3.0 Average collection period 73 days Use the above information from the tables to work out the following missing entries, and then calculate the company’s return on equity. Note: Turnover and the average collection period are calculated using start-of-year, not average, values. (Enter your answers in millions. Round intermediate calculations and final answers to 2 decimal places.) INCOME STATEMENT (Figures in...
Long-term debt ratio Times interest earned 0.3 10.0 1.4 1.0 0.4 5.0 Current ratio Quick ratio...
Long-term debt ratio Times interest earned 0.3 10.0 1.4 1.0 0.4 5.0 Current ratio Quick ratio Cash ratio Inventory turnover Average collection period 73 days Use the above information from the tables to work out the following missing entries, and then calculate the company's return on equity. Note: Turnover and the average collection period are calculated using start-of-year, not average, values. (Enter your answers in millions. Round intermediate calculations and final answers to 2 decimal places.) INCOME STATEMENT (Figures in...
Indicate what is meant by the following ratio calculations. 1. Liquidity Ratios Current Ratio = Current...
Indicate what is meant by the following ratio calculations. 1. Liquidity Ratios Current Ratio = Current Assets Current Liabilities = 515800 626900 = 0.82 : 1 Quick Ratio = Quick Assets Current Liabilities = 42700 + 205800 626900 = 0.40 Cash Ratio = Cash & Cash Equivalents Current Liabilities = 42700 626900 = 0.0681 : 1 2. Turnover / Activity Ratios Inventory Turnover = COGS Average Inventories...
e following ratios are computed from the financial statements of the Wattawa Company. Compute the missing...
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...
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...
Ratios for Simmons IndustryBetter (B) or worse(W) Ratio Δverage Profit margin Return on assets Return on...
Ratios for Simmons IndustryBetter (B) or worse(W) Ratio Δverage Profit margin Return on assets Return on equity Receivables turnover Avg. collection period Inventory turnover Fixed asset turnover Total asset turnover Current ratio Quick ratio Debt to total assets Times interest earned Fixed charge coverage 17.5% 20.8% 35% 4.4x 68.0 days - 3.5x 2.4x -76x 1.28 .85 .45 12.0x 3.6x Given the balance sheet and income state for Simmons Maintenance ratios that are also shown for the industry average. For each...
What is the quick ratio for the year ending 10/31/2010? Use total net receivables. Also pay...
What is the quick ratio for the year ending 10/31/2010? Use total net receivables. Also pay attention to the dates in the question. 0.870 0.638 0.592 1.046 None of the above. Toro Co. (The) (NYS: TTC) Exchange rate used is that of the Year End reported date As Reported Annual Balance Sheet Report Date 10/31/2010 Currency USD Audit Status Not Qualified Consolidated Yes Scale Thousands Cash & cash equivalents 177,366 Customer receivables, gross 132,182 Less: allowance for doubtful accounts 3,828...
Actual 2019 Dana Dairy Products Key Ratios Industry Actual Average 2018 Current ratio 1.3 1.0 Quick ratio 0.8 0.75 Average collection period 23 days 30 days Inventory turnover 21.7 Debt ratio 64.7% Times interest eamed 4.8 5.5 Gross profit margin 13.6% 12.0% Net profit margin 1.0% 0.5% Return on total assets 2.9% 20% Retum on equity 8.2% 4.0% 19 50% Income Statement Dana Dairy Products For the Year Ended December 31, 2019 Sales revenue $100,000 Less: Cost of goods sold...
a) If you were a creditor, could you give short term
loan to SPRING company? Give reasons, compare with generally
accepted accounting standards, find net working capital and discuss
the Five C's of credit.
b) Calculate the operating cycle for the company and evaluate the
efficiency of the corporation.
c) How could you evaluate the profitability position
of that company?
please explain all details.
a, b and c questions are related with FALL company.
Compute the actual 2013 financial ratios...
a) If you were a creditor, could you give short term
loan to SPRING company?
Give reasons, compare with generally accepted accounting standards,
find net working capital and discuss the Five C's of credit.
b) Calculate the operating cycle for the company and
evaluate the efficiency of the corporation.
c) How could you evaluate the profitability position
of that company?
1PUESTIONS (3) The first three questions are elated with the FALL CoMpany Compute the actual 2013 fnancial ratios listed abeve...
Long-term debt ratio Times interest earned 0.3 10.0 1.4 1.0 0.4 5.0 Current ratio Quick ratio Cash ratio Inventory turnover Average collection period 73 days Use the above information from the tables to work out the following missing entries, and then calculate the company's return on equity. Note: Turnover and the average collection period are calculated using start-of-year, not average, values. (Enter your answers in millions. Round intermediate calculations and final answers to 2 decimal places.) INCOME STATEMENT (Figures in...
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...
Ratios for Simmons IndustryBetter (B) or worse(W) Ratio Δverage Profit margin Return on assets Return on equity Receivables turnover Avg. collection period Inventory turnover Fixed asset turnover Total asset turnover Current ratio Quick ratio Debt to total assets Times interest earned Fixed charge coverage 17.5% 20.8% 35% 4.4x 68.0 days - 3.5x 2.4x -76x 1.28 .85 .45 12.0x 3.6x Given the balance sheet and income state for Simmons Maintenance ratios that are also shown for the industry average. For each...
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