11. You have the following balance sheet and income statement information for Epic Corp.: Balance sheet...
QUESTION 4 As a barometer of short-term liquidity the current ratio is limited by the nature of its components. All of the following are reasons that this is true except: C A firm could have a high current ratio but not be able to meet demands for cash because inventory is salable only at discounted rices. C The balance sheet is prepared as of a particular date and the actual amount of liquid assets may vary considerably from the date...
Use the information from the Income Statement and Balance Sheet to construct the ratios and answer the questions below. Downloadable Financial statements HW 4 SXP 19.docxPreview the document hw3 ratios.jpg Barry Computers Income statement DEC 31, 2016 Sales 1,607,500 GOGS 1,392,500 Gross Profit 215,000 SG&A 145,000 EBIT 70,000 Interest Expenses 24,500 EBT 45,500 TX (40%) 18,200 NI 27,300 Barry Computers Balance Sheet DEC 31, 2016 Cash 77,500 Accounts Payable 129,000 Accounts receivables 336,000 Accruals 117,000 Inventory 241,500 Notes Payable 84,000...
[2] Financial ratios (58 points) Find the missing values on the balance sheet and the income statement of Pensacola Railroads (in S millions). Start with the balance sheet, and then continue with the income statement. You can use the following ratios: NOTE: USE AVERAGE RECEIVABLES AND INVENTORY Debt Ratio loterest Coverage Ratio CurreatRatio Quick Ratio Cash Ratio 0.4 1.4 0.2 Average Collection Period (average receivables) Tax rate 73 das 40% Marks: 28 for balance sheet, 30 for income statement. Balance...
TSE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW TO ANSWER QUESTIONS 31 through 34 45 30 Average collection period (days) Number of shares outstanding 15,000 Accounts payable days Sales $850,000 Retained earnings (2018) $537,400 Gross profit margin 20% Dividend payout ratio 80% Inventory turnover ratio Accruals $9,000 Net profit margin 15% 1.25 Current ratio Return on assets Debt ratio Notes payable $13,000 Note: Of total sales. 60 percent are on credit and the remainder are cash sales....
Refer to the following financial information for The Gaming Company: Income Statement Information in thousands) Sales* $ 10,000 Cost of Goods Sold S $ 6,750 Net Income $3,250 Balance Sheet Information in thousands) Cash and marketable securities $ 2.250 Accounts Receivable $ 4,000 Inventory = $ 2,750 Fixed Assets $ 15,000 Accounts Payable $ 3,500 Long-term Debt = $5,000 Common Equity = $6,500 *all sales and purchases made on credit. The following is a three-part question. Please be sure you...
Prepare ratio analyses (for the three year time period). You will compute the following ratios: Profitability ratios: Gross Profit margin Operating expense margin Profit margin Return on assets Return on equity Productivity ratios: Accounts Receivable Turnover Days Sales Outstanding Inventory Turnover Days inventory outstanding Accounts Payable turnover Days payable outstanding Cash Conversion Cycle PPE Turnover Coverage ratios: Total liabilities-to-equity Total debt to equity Cash from operations to total debt Times interest earned Liquidity ratios: Current Ratio Quick Ratio We were...
5. Which of the following are items accounts that typically appear on a balance sheet? a. cost of goods sold, operating expenses, taxes. b. net sales, inventories, notes payable. e. net fixed assets, depreciation expense, advertising expenditures. d. cash, depreciation expense, taxes. e. None of the combinations listed above are correct. 6. Which of the following would directly increase net cash flow from operating activities (assuming all else remains constant)? Note: there is more be more than one answer for...
RATIO ANALYSIS Question: The balance sheet and income statement for the JP Robard mfg company areas follows: Particulars Amounts Cash Account receivable Inventories Current Assets Net Fixed Assets Total Assets Account payables Accrued Expenses Short Term Notes Payables Current Liabilities Long term Debt Owners' Equity 500 2000 1000 3500 4500 8000 1000 600 300 2000 2000 4000 8000 8000 (3300) 4700 (3000) 1700 (367) 1333 (533) 800 Total Liabilities and Owners Equity Net Sales (All Credit) Cost of Goods Sold...
[The following information applies to the questions displayed below.] Income statement and balance sheet data for Great Adventures, Inc., are provided below. GREAT ADVENTURES, INC. Income Statement For the Year Ended December 31, 2020 Revenues: Service revenue (clinic, racing, TEAM) $535,000 Sales revenue (MU watches) 110,000 Total revenues $645,000 Expenses: Cost of goods sold (MU watches) 66,000 Operating expenses 303,876 Depreciation expense 46,000 Interest expense 29,324 Income tax expense 54,600 Total expenses 499,800 Net income $145,200 GREAT ADVENTURES, INC. Balance...
QUESTION 15 Use the following information for Ace Retailers to answer the question Pnancial radios for the years ended May 31, 2016 2015 Current (times) Quick (times) Cash flow liquidity (times) 1.57 1.27 1.45 ll days 9 45 1.22 1.43 collection Days inventory held 33 days27 days 79 days (35) days 39) days Days payable outstanding Cash conversion cycle Activity Fixed asset turnover Total asset turnover Other information 28.12 times 23.47 times 2.13 times 2.43 times Cash flow from operations...