Based on the following partial financial statement, calculate the fixed asset newness ratio: Provide your answer...
Based on the following partial financial statement, calculate the fixed asset newness ratio: Provide your answer in decimal form, with three significant digits.
| Current Assets | |
| Cash and Securities | $2,069,775 |
| Accounts Receivables | $4,466,680.7 |
| Retainage | $955,878.57 |
| Inventory | $87,437.73 |
| Earnings in Excess of Billings | $286,350.52 |
| Other Current Assets | $208,891.83 |
| Fixed Assets | |
| Property | $23,000,000 |
| Construction Equipment | $3,571,453.8 |
| Vehicles | $562,741.32 |
| Office Equipment | $67,102 |
| Depreciation | $-3,254,652.41 |
| Other Fixed Assets | $245,049.8 |
Homework Answers
Fixed assets newness ratio = Net Fixed assets/total fixed assets (excluding land)
Gross Fixed assets=(23000000+3571453.8+562741.32+67102+245049.8) =
| 27446346.92 |
Net Fixed assets= Gross fixed assets-Depreciation
Fixed assets newness ratio= (27446346.92-3254652.41)/ 27446346.92
= 0.881
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Based on the following partial financial statement, calculate
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Current Ratio
Debt/Equity Ratio
Free Cash Flow
Earnings per Share
Price/Earnings Ratio
Return on Equity
Net Profit Margin
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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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