Homework Answers
| Calculations | ||||||||
| Current Assets | / | Current liability | = | Current ratio | Current assets | |||
| 2017 | 450360 | / | 278000 | = | 1.62 | 61500+26000+126560+236300 | ||
| 2016 | 461760 | / | 208000 | = | 2.22 | 49500+127300+284960 | ||
| (Total Current asset-inventory) | / | Current liability | = | Acid Test Ratio | ||||
| 2017 | 214060 | / | 278000 | = | 0.77 | |||
| 2016 | 176800 | / | 208000 | = | 0.85 | |||
| Total debt | / | Total assets | = | Debt ratio | Calculation of total debt | |||
| 2017 | 298920 | 564000 | 0.53 | 278000+20920 | ||||
| 2016 | 238140 | 486000 | 0.49 | 208000+30140 | ||||
| Earning before Interest and tax | / | Interest expense | = | Times earned interest ratio | ||||
| 2017 | 166110 | / | 49000 | = | 3.39 | |||
| 2016 | 169260 | / | 42000 | = | 4.03 | |||
| Please give "thumps up if you are satisfied with my answer. Your thumps up is of immense value for me. | ||||||||
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department to determine whether the company’s ability to pay its
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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
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