Question

2019 Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 136,500 Debt investments (short-term) 107,250 Accounts receivable 202,800 Inventory 448,500 Prepaid expenses 48,750 Land 253,500 Building and equipment (net) 507,000 Total assets $1,704,300 Liabilities and Stockholders' Equity Notes payable (short-term) $331,500 Accounts payable 126,750 Accrued liabilities 78,000 Bonds payable, due 2023 487,500 Common stock, $10 par 390,000 Retained earnings 290,550 Total liabilities and stockholders' equity $1,704,300 $ 126,750 78,000 175,500 321,750 44,850 253,500 360,750 $1,361,100 $234,000 101,400 78,000 331,500 390,000 226,200 $1,361,100

Answer 1

s 2019 2020 particulars Liquidity Current ratio 1.81:1 1.76 :1 9.1 times Accounts receivable turnover Inventory turnover 8.9 4.1 3.2 times PROFITABILITY:- profit margin Ascer turnoves Return on assets. 27.0 % 27.4% 1.16 times 1.18 6.9% 5.9% farning per share. $2.4 $2.6

hai. por Notes payable Quotat Solution ! for the year 2019 : Current Assets Current ratio Current liabilites particulars Current Aker $ 186, 750 cash Debt investments $ 78,000 Accounts receivable $ 321,750 prepaid expenses SP 44,850 Current liabiliter $175,500 Inventory $ 234,000 Accounts payable Accarued liabilites area is 101,400 $ 78,000 Total $746,850 $413,400 OUT ! our current ratio = 15 $746,850 $413.400 -1.81 vonul 1921 Dupac Tuln over 6 Accounts receivable tunover i psu Average accounts receivables Opening + closing receivables $ 167,700 + 17500 Average accounts a = 171,600 Accounts receivable turnover 15,40,500 T71,600 = 8.9

© Inventory twnoves $ 273,000 to Cost a goods soldetul Average inventory opening + closing 321,750 2 Average inventory loper 224,250 t Inventory turnover 9.1 11,21,250 273,000 & profit margin = gross profit Urolown Jarlsales. 1.419 250 - 15,40,500 27.2%. Asset Turnover : Sales Average Assets 12,87,000 + 13.6), 100 Average Assets El 13,24,000 Asset Tuenover 15.40,500 1389 000 1.16. 3 Return on asets Net income $93,600 Total Assets in 13,61,100 int 6.9% Earnings per share Net income No. of shales 2.4. $93,600 39000

org Q 136,500 Accusued liabilites. FC for the year 2020 :- particulare Current Current Ansets liabilites cas Debt investments 107250 Accounts Receivables 20 2 800 Inventory 448 500 Prepaid Expenses 48,750 331 500 1 26750 78,000 9,43,800 536,250 to 943800 1.76. Notes payable Accounts payable s Current ratio 536,250 6 Average Accounts receivables 175,500 + 208.800 po 189, 150 Accounts receivables Thanover 17,19,900 189 150 9.1. © Average, inventory 321 750+ 448500 385, 185 Inventory twenover 12,98,000 385 125 = 3.2.

27.4% - 15,32,700 201 471.900 profit margin: gross profit + sales. 17,19.900 ta 27. Aseet turnover sales Aug assets Average Aster - 13,61,100 + 17,04300 a IN MIDUAL CAMERA REDMI NOTE 6 PRO ho 17, 19,900 15,32 700 1.12. Net income Retwn on Assets os Total Assets 101,400 17,04,300 5.9% student spoord I earnings per shale Net income No. of shares IP 101,400 a 39,000 2.GOV.IN