Homework Answers
Total current assets = TA
Total current liabilities = TL
a.
Current ratio = TA / TL
= 571,811 / 364,078
= 1.57 (Answer)
b.
Quick ratio = (TA – inventory – prepaid expenses) / TL
= (571,811 – 1,873 – 6,148) / 364,078
= 563,790 / 364,078
= 1.55 (Answer)
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8. Given the financial statement shown here as Table P3.3 calculate the: (a) Current ratio (b)...
current ratio quick ratio REVIEW QUESTIONS AND EXERCISES TABLE P3.3 67 Balance Sheet, Peachtree Construction (31...
current ratio
quick ratio
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Based on the following partial financial statement, calculate the fixed asset newness ratio: Provide your answer...
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The acid-test ratio is (Round your answer to 2 decimal places.): The following partial balance sheet...
The acid-test ratio is (Round your answer to 2 decimal
places.):
The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. $ 224 bet 65 Assets Current assets: Cash Accounts receivable (net) Notes receivable Inventory Prepaid expenses Total current assets Equipment (net) 289 $ 64 172 52 200 28 516 Liabilities and Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities Total liabilities Shareholders' equity: Common stock Retained earnings Total shareholders'...
Calculate the current ratio and the quick ratio for the following partial financial statement for Tootsie...
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Problem # 1 (50 points) Given the Income Statement and Balance Sheet Compute: Current Ratio Acid-Test...
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Assume that you have a company with this Balance Sheet Calculate Current Ratio Quick Ratio What...
Assume that you have a company with this Balance Sheet
Calculate
Current Ratio
Quick Ratio
What do each tell you about the company's financial
situation?
From the Roots Up Company Balance Sheet For the Year Ended December 31, 200X (In Thousands $223 886 214 7.5% 29.7% .06% 29.1% 7.2% 13.4% 16.7% 8.9% 39.0% 82.8% 399 497 264 1.160 2.463 402 13.5% 1.0% 0.05 3.19 18.6% 552 110 442 Current Assets Cash Accts/Notes Rec-Trade Bad Debt Reserve - Total Accts/Rec-Net Accts/Notes...
calculate current ratio, average collection period, debt ratio, net profit margin and inventory turnover ratio. Rachel...
calculate
current ratio, average collection period, debt ratio, net profit
margin and inventory turnover ratio.
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PROBLEM 1-8 Financial Statement Ratio Analysis The balance sheet and income statement for Chico Electronics are...
PROBLEM 1-8 Financial Statement Ratio Analysis The balance sheet and income statement for Chico Electronics are reproduced below (tax rate is 40%) CHICO ELECTRONICS Balance Sheet($thousands) As of December 31 Year 4 Year 5 $ 683 1.490 1,415 $ 325 3,599 2,423 13 6,360 1,541 $8,058 $ 875 116 Assets Current assets Cash Accounts receivable.. Inventories.......... Prepaid expenses ........ Total current assets ....... Property, plant and equipment, net. Other assets.. Total assets .... . Liabilities and Shareholders' Equity Current liabilities...
1) Based on the balance sheet and income statement information given below, calculate the following financial...
1) Based on the balance sheet and income statement information
given below, calculate the following financial ratios and explain
briefly what the number you calculated means:
a) Current ratio
b) Acid-test ratio
c) Days in receivables
d) Debt ratio
e) Return on equity
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current ratio
quick ratio
REVIEW QUESTIONS AND EXERCISES TABLE P3.3 67 Balance Sheet, Peachtree Construction (31 December 2016) $243.146 201.573 42,147 243,720 1,873 76.142 Assets Current assets Cash Accounts receivable Trade accounts Retainage Total accounts receivable Material inventory Work in process (costs and estimated earnings in excess of billings) Prepaid expenses- Other current assets Total current assets Fixed assets Machinery and equipment Cars and trucks Furniture and fixtures Total depreciable assets Less accumulated depreciation Net fixed assets Total assets 6,148...
The acid-test ratio is (Round your answer to 2 decimal
places.):
The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. $ 224 bet 65 Assets Current assets: Cash Accounts receivable (net) Notes receivable Inventory Prepaid expenses Total current assets Equipment (net) 289 $ 64 172 52 200 28 516 Liabilities and Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities Total liabilities Shareholders' equity: Common stock Retained earnings Total shareholders'...
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...
Assume that you have a company with this Balance Sheet
Calculate
Current Ratio
Quick Ratio
What do each tell you about the company's financial
situation?
From the Roots Up Company Balance Sheet For the Year Ended December 31, 200X (In Thousands $223 886 214 7.5% 29.7% .06% 29.1% 7.2% 13.4% 16.7% 8.9% 39.0% 82.8% 399 497 264 1.160 2.463 402 13.5% 1.0% 0.05 3.19 18.6% 552 110 442 Current Assets Cash Accts/Notes Rec-Trade Bad Debt Reserve - Total Accts/Rec-Net Accts/Notes...
calculate
current ratio, average collection period, debt ratio, net profit
margin and inventory turnover ratio.
Rachel Company Balance Sheet and selected Income Statement data $300,000 2,215,000 1,837,500 24,000 $3,286,500 2,700,000 1,087,500 $1,612,500 $4.899,000 Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Less: accumulated depreciation Net fixed assets Total assets Liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term debt Owner's equity Total liabilities and owner's equity Net sales (all credit) Less:...
PROBLEM 1-8 Financial Statement Ratio Analysis The balance sheet and income statement for Chico Electronics are reproduced below (tax rate is 40%) CHICO ELECTRONICS Balance Sheet($thousands) As of December 31 Year 4 Year 5 $ 683 1.490 1,415 $ 325 3,599 2,423 13 6,360 1,541 $8,058 $ 875 116 Assets Current assets Cash Accounts receivable.. Inventories.......... Prepaid expenses ........ Total current assets ....... Property, plant and equipment, net. Other assets.. Total assets .... . Liabilities and Shareholders' Equity Current liabilities...
1) Based on the balance sheet and income statement information
given below, calculate the following financial ratios and explain
briefly what the number you calculated means:
a) Current ratio
b) Acid-test ratio
c) Days in receivables
d) Debt ratio
e) Return on equity
Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Less: accum. depr. Net fixed assets Total assets $600,000 900,000 1,500,000 75,000 $3,075,000 8,000,000 (2,075,000) $5,925,000 $9,000,000 Liabilities: Accounts payable Notes payable...
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