Homework Answers
| a) | |||||||||
| i) | Gross Margin percentage | ||||||||
| =Gross Margin / Sales *100 | |||||||||
| 2006 | 2005 | ||||||||
| =840000/2100000*100 | =710000/1900000*100 | ||||||||
| 40.00% | 37.37% | ||||||||
| ii) | Net Income Percentage | ||||||||
| = Net Income/Sales *100 | |||||||||
| 2006 | 2005 | ||||||||
| =180000/2100000*100 | =200000/1900000*100 | ||||||||
| 8.57% | 10.53% | ||||||||
| iii) | Current Ratio | ||||||||
| = Current Asset/ Current Liabilities | |||||||||
| 2006 | 2005 | ||||||||
| =490000/200000 | =511000/290000 | ||||||||
| 2.45 | 1.76 | ||||||||
| iv) | Acid Test Ratio | ||||||||
| =Cash + Account Receivable / Current Liabilities | |||||||||
| 2006 | 2005 | ||||||||
| =(21000+160000)/200000 | =(24000+162000)/290000 | ||||||||
| 0.905 | 0.64 | ||||||||
| v) | Inventory Turnover Ratio | ||||||||
| = Sales / Inventory | |||||||||
| 2006 | 2005 | ||||||||
| =2100000/300000 | =1900000/315000 | ||||||||
| 7 | 6.03 | ||||||||
| vi) | Debt To Equity Ratio | ||||||||
| = Total Debt / Equity | |||||||||
| 2006 | 20005 | ||||||||
| =500000/800000 | =565000/646000 | ||||||||
| 0.625 | 0.87 | ||||||||
| Vii) | Interest Cover Ratio | ||||||||
| = EBIT / Interest exp | |||||||||
| 2006 | 2005 | ||||||||
| = 180000/30000 | =200000/60000 | ||||||||
| 6 | 3.33 | ||||||||
| b) | |||||||||
| Comment : | |||||||||
| Liquidity Ratio : Current Ratio And Acid Test Ratio Of the company increased as compare to last year. | |||||||||
| It is good sign . | |||||||||
| Profitability Ratio : Company's Gross margin ratio has been increased however net margin ratio has been decreased | |||||||||
| as compare to last year. It denot's that comapny's relative operating expenses has increased. | |||||||||
Add Answer to:
Question 3 The recent financial statements for the Royal Caribbean Company are given below: 2006 2005 Balance Sheet for...
PLEASE DO THE ABOVE QUESTION SIMILAR TO THIS : Question 3 The recent financial statements for the Royal Caribbean Com...
PLEASE DO THE ABOVE QUESTION SIMILAR TO THIS
:
Question 3 The recent financial statements for the Royal Caribbean Company are given below: 2006 2005 Balance Sheet for the period ending June 30 Assets Current assets Cash Accounts receivables Inventories Prepaid expenses Total current assets Property and equipment Total assets $21,000 $160,000 $300,000 $9,000 $490,000 $810,000 $1,300,000 $24,000 $162,000 $315,000 $10,000 $511,000 $700,000 $1,211,000 Liabilities and shareholders equity Liabilities Current liabilities 10% bonds payable Total liabilities $200,000 $300,000 $500,000 $290,000...
PLEASE TYPE THIS ON A COMPUTER SO IT CAN BE NEAT LIKE THE IMAGE BELOW !!...
PLEASE TYPE THIS ON A COMPUTER SO
IT CAN BE NEAT LIKE THE IMAGE BELOW !! PLEASE DO NOT WRITE. TYPE
THE ANSWER SO IT CAN BE SIMILAR TO THIS :
2006 2005 Balance Sheet for the period ending June 30 Assets Current assets Cash Accounts receivables Inventories Prepaid expenses Total current assets Property and equipment Total assets $21,000 $160,000 $300,000 $9,000 $490,000 $810,000 $1,300,000 $24,000 $162,000 $315,000 $10,000 $511,000 $700,000 $1,211,000 Liabilities and shareholders equity Liabilities Current liabilities 10%...
PLEASE TYPE ANSWERS. DO NOT WRITE ! IT SHOULD LOOK SIMILAR TO THIS (SEE IMAGE BELOW):...
PLEASE TYPE ANSWERS. DO NOT WRITE ! IT SHOULD LOOK
SIMILAR TO THIS (SEE IMAGE BELOW):
2006 2005 Balance Sheet for the period ending June 30 Assets Current assets Cash Accounts receivables Inventories Prepaid expenses Total current assets Property and equipment Total assets $21,000 $160,000 $300,000 $9,000 $490,000 $810,000 $1,300,000 $24,000 $162,000 $315,000 $10,000 $511,000 $700,000 $1,211,000 Liabilities and shareholders equity Liabilities Current liabilities 10% bonds payable Total liabilities $200,000 $300,000 $500,000 $290,000 $275,000 $565,000 Shareholders equity Common stock $5...
RATIO ANALYSIS PLEASE ANSWER THIS USING A COMPUTER , TYPE ANSWERS ON A COMPUTER !! DO...
RATIO ANALYSIS
PLEASE ANSWER THIS USING A COMPUTER , TYPE ANSWERS ON A
COMPUTER !! DO NOT WRITE !! I WOULD LIKE ANSWERS TO LOOK SIMILAR TO
THIS LAYOUT :
2006 2005 Balance Sheet for the period ending June 30 Assets Current assets Cash Accounts receivables Inventories Prepaid expenses Total current assets Property and equipment Total assets $21,000 $160,000 $300,000 $9,000 $490,000 $810,000 $1,300,000 $24,000 $162,000 $315,000 $10,000 $511,000 $700,000 $1,211,000 Liabilities and shareholders equity Liabilities Current liabilities 10% bonds...
DO NOT WRITE ANSWERS !! PLEASE TYPE ANSWERS SO THEY CAN LOOK SIMILAR TO THIS :...
DO NOT WRITE ANSWERS !! PLEASE TYPE ANSWERS SO THEY CAN
LOOK SIMILAR TO THIS :
AGAIN PLEASE TYPE ANSWERS SO THEY CAN LOOK SIMILAR TO
THE ABOVE PHOTO !!
Balance Sheet for the period ending June 30 Assets 2006 2005 Current assets $21,000 $160,000 $300,000 $24,000 $162,000 $315,000 Cash Accounts receivables Inventories $9,000 $490,000 $810,000 $10,000 $511,000 Prepaid expenses Total current assets $700,000 $1,211,000 Property and equipment $1,300,000 Total assets Liabilities and shareholders equity Liabilities $200,000 $290,000 Current liabilities...
Recent financial statements for Madison Company follow: Madison Company Balance Sheet June 30 Assets Current assets:...
Recent financial statements for Madison Company follow: Madison Company Balance Sheet June 30 Assets Current assets: Cash $ 21,000 Accounts receivable, net 160,000 Merchandise inventory 300,000 Prepaid expenses 9,000 Total current assets 490,000 Plant and equipment, net 810,000 Total assets $ 1,300,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities $ 200,000 Bonds payable, 10% 300,000 Total liabilities 500,000 Stockholders’ equity: Common stock, $5 par value $ 100,000 Retained earnings 700,000 Total stockholders’ equity 800,000 Total liabilities and stockholders' equity $...
Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in 9 millions) 2006 2006 2005...
Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in 9 millions) 2006 2006 2005 Assets Current Assets Cash 52 85.3 73.5 Liabilities and 2005 Stockholders' Equity Current Liabilities 58.5 Accounts payable Notes payable/ 39.6 short-term debt Current maturities of 42.9 long-term debt Other current liabilities Accounts receivable 56 10.1 9.6 Inventories Other current assets 46.9 6 39.1 6.0 3.0 36.9 12.0 Total current assets 160.9 144.0 Total current liabilities 140.5 132.0 230.9 Long-Term Liabilities Long-term debt Capital lease...
Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in 9 millions) 2006 2006 2005...
Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in 9 millions) 2006 2006 2005 Assets Current Assets Cash 59.3 85.1 73.5 Liabilities and 2005 Stockholders' Equity Current Liabilibes 58.5 Accounts payable Notes payable/ 39.6 short-term debt Current maturities of 42.9 long-term debt 3.0 Other current liabilities 144.0 Total current liabilities Accounts receivable 542 9.6 9,6 Inventories Other current assets Total current assets 45 5.7 1642 38.2 6.0 138.9 36.9 12.0 1320 OA. 4.59 OB. 2.3 O C. 1.15...
Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in $ millions) Assets 2006 2005...
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Balance Sheet 2012 &
Balance Sheet 2012 2013 Cash $50,000 $50,000 Accounts Receivables 200,000 300,000 Inventories 450,000 570,000 Total Current Assets 700,000 920,000 Fixed Assets, Net 300,000 380,000 Total Assets $1,000,000 $1,300,000 Accounts Payable 130,000 $180,000 Accruals 50,000 70,000 Bank Loan 90,000 90,000 Total Current Liabilities 270,000 340,000 Long-Term Debt 400,000 550,000 Common Stock ($.05 par)...
PLEASE DO THE ABOVE QUESTION SIMILAR TO THIS
:
Question 3 The recent financial statements for the Royal Caribbean Company are given below: 2006 2005 Balance Sheet for the period ending June 30 Assets Current assets Cash Accounts receivables Inventories Prepaid expenses Total current assets Property and equipment Total assets $21,000 $160,000 $300,000 $9,000 $490,000 $810,000 $1,300,000 $24,000 $162,000 $315,000 $10,000 $511,000 $700,000 $1,211,000 Liabilities and shareholders equity Liabilities Current liabilities 10% bonds payable Total liabilities $200,000 $300,000 $500,000 $290,000...
PLEASE TYPE THIS ON A COMPUTER SO
IT CAN BE NEAT LIKE THE IMAGE BELOW !! PLEASE DO NOT WRITE. TYPE
THE ANSWER SO IT CAN BE SIMILAR TO THIS :
2006 2005 Balance Sheet for the period ending June 30 Assets Current assets Cash Accounts receivables Inventories Prepaid expenses Total current assets Property and equipment Total assets $21,000 $160,000 $300,000 $9,000 $490,000 $810,000 $1,300,000 $24,000 $162,000 $315,000 $10,000 $511,000 $700,000 $1,211,000 Liabilities and shareholders equity Liabilities Current liabilities 10%...
PLEASE TYPE ANSWERS. DO NOT WRITE ! IT SHOULD LOOK
SIMILAR TO THIS (SEE IMAGE BELOW):
2006 2005 Balance Sheet for the period ending June 30 Assets Current assets Cash Accounts receivables Inventories Prepaid expenses Total current assets Property and equipment Total assets $21,000 $160,000 $300,000 $9,000 $490,000 $810,000 $1,300,000 $24,000 $162,000 $315,000 $10,000 $511,000 $700,000 $1,211,000 Liabilities and shareholders equity Liabilities Current liabilities 10% bonds payable Total liabilities $200,000 $300,000 $500,000 $290,000 $275,000 $565,000 Shareholders equity Common stock $5...
RATIO ANALYSIS
PLEASE ANSWER THIS USING A COMPUTER , TYPE ANSWERS ON A
COMPUTER !! DO NOT WRITE !! I WOULD LIKE ANSWERS TO LOOK SIMILAR TO
THIS LAYOUT :
2006 2005 Balance Sheet for the period ending June 30 Assets Current assets Cash Accounts receivables Inventories Prepaid expenses Total current assets Property and equipment Total assets $21,000 $160,000 $300,000 $9,000 $490,000 $810,000 $1,300,000 $24,000 $162,000 $315,000 $10,000 $511,000 $700,000 $1,211,000 Liabilities and shareholders equity Liabilities Current liabilities 10% bonds...
DO NOT WRITE ANSWERS !! PLEASE TYPE ANSWERS SO THEY CAN
LOOK SIMILAR TO THIS :
AGAIN PLEASE TYPE ANSWERS SO THEY CAN LOOK SIMILAR TO
THE ABOVE PHOTO !!
Balance Sheet for the period ending June 30 Assets 2006 2005 Current assets $21,000 $160,000 $300,000 $24,000 $162,000 $315,000 Cash Accounts receivables Inventories $9,000 $490,000 $810,000 $10,000 $511,000 Prepaid expenses Total current assets $700,000 $1,211,000 Property and equipment $1,300,000 Total assets Liabilities and shareholders equity Liabilities $200,000 $290,000 Current liabilities...
Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in 9 millions) 2006 2006 2005 Assets Current Assets Cash 52 85.3 73.5 Liabilities and 2005 Stockholders' Equity Current Liabilities 58.5 Accounts payable Notes payable/ 39.6 short-term debt Current maturities of 42.9 long-term debt Other current liabilities Accounts receivable 56 10.1 9.6 Inventories Other current assets 46.9 6 39.1 6.0 3.0 36.9 12.0 Total current assets 160.9 144.0 Total current liabilities 140.5 132.0 230.9 Long-Term Liabilities Long-term debt Capital lease...
Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in 9 millions) 2006 2006 2005 Assets Current Assets Cash 59.3 85.1 73.5 Liabilities and 2005 Stockholders' Equity Current Liabilibes 58.5 Accounts payable Notes payable/ 39.6 short-term debt Current maturities of 42.9 long-term debt 3.0 Other current liabilities 144.0 Total current liabilities Accounts receivable 542 9.6 9,6 Inventories Other current assets Total current assets 45 5.7 1642 38.2 6.0 138.9 36.9 12.0 1320 OA. 4.59 OB. 2.3 O C. 1.15...
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