Answer of Part 1:
For 2020:
Current Ratio = Current Assets / Current Liabilities
Current Ratio = $67,959 / $38,809
Current Ratio = 1.75:1
For 2019:
Current Ratio = Current Assets / Current Liabilities
Current Ratio = $39,690 / $22,518
Current Ratio = 1.76:1
Answer of Part 2:
For 2020:
Quick Ratio = (Current Assets – Inventory) / Current
Liabilities
Quick Ratio = ($67,959 - $31,796) / $38,809
Quick Ratio = $36,163 / $38,809
Quick Ratio = 0.93:1
For 2019:
Quick Ratio = (Current Assets – Inventory) / Current
Liabilities
Quick Ratio = ($39,690 - $14,072) / $22,518
Quick Ratio = $25,618 / $22,518
Quick Ratio = 1.14:1
Answer of Part 3:
For 2020:
Cash Ratio = Cash / Current Liabilities
Cash Ratio = $1,274 / $38,809
Cash Ratio = 0.03
For 2019:
Cash Ratio = Cash / Current Liabilities
Cash Ratio = $6,450 / $22,518
Cash Ratio = 0.29
Answer of Part 4:
For 2020:
Operating Cash Flow Ratio = Operating Cash Flow / Current
Liabilities
Operating Cash Flow Ratio = $13,583 / $38,809
Operating Cash Flow Ratio = 0.35
For 2019:
Operating Cash Flow Ratio = Operating Cash Flow / Current
Liabilities
Operating Cash Flow Ratio = $15,312 / $22,518
Operating Cash Flow Ratio = 0.68
Problem 8-80A (Algorithmic) Ratio Analysis Consider the following information taken from GER's financial statemen...
Calculate the current ratio for 209 and 2020 Calculate the quick ratio for 2019 and 2020 Calculate the the cash ratios for 2019 and 2020 Calculate the operating cash flow ratios 2019 2020 September 30 (in thousands) 2020 2019 Current assets: Cash and cash equivalents Receivables Inventories Other current assets $1,274 30,071 31,796 4,818 $67,959 $6,450 16,548 14,072 2,620 $39,690 Total current assets Current liabilities: Current portion of long-term debt Accounts payable Accrued compensation costs Accrued expenses Other current liabilities...
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Calculate ratios and answer the following question Selected Statement of Financial Position Information 2019 ($'000) 2018 ($'000) Cash and Cash Equivalents Trade Receivables Inventories Total Current Assets Total Assets Total Current Liabilities Total Liabilities Retained Earnings Shareholders Equity 119.2 236.0 886.7 1,276.5 2,548.8 927.1 1,504.7 555.6 1,044,1 72.0 204.7 891.1 1,210.5 2,491.7 917.2 1,544.1 463.2 947.6 Selected Statement of Financial Performance Information 2019 ($'000) Revenue (cash and credit sales) Income Tax Expense Interest Expense (Finance Costs) Cost of Sales Gross...
V Show Me How Caculator Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $446,400 009'995s Marketable securities 502,200 000'99 Accounts and notes receivable (net) 268,400 167,400 Inventories 421,700 189,100 Prepaid expenses 217,300 006'021 Total current assets $2,130,000 $1,426,000 Current liabilities: Accounts and notes payable (short-term) $411,800 $434,000 Accrued liabilities 298,200 000'981 Total current liabilities $710,000 000'029s a. Determine...
From the following financial statement calculate the following Ratios: Liquidity: a) Current Ratio b) Inventory Turnover Solvency: c) Debt to Total Assets Ratio d) Times Interest Earned Ratio Profitability: e) Return on Assets f) Profit Margin 9 Selected Statement of Financial Position Information 2019 ($'000) 2018 ($'000) 10 11 Cash and Cash Equivalents 12 Trade Receivables 13 Inventories 14 Total Current Assets 15 Total Assets 16 Total Current Liabilities 17 Total Liabilities 18 Retained Earnings 19 Shareholders Equity 20 21...
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Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $336,300 $244,800 Marketable securities 389,400 275,400 Accounts and notes receivable (net) 159,300 91,800 Inventories 739,900 466,600 Prepaid expenses 381,100 298,400 Total current assets $2,006,000 $1,377,000 Current liabilities: Accounts and notes payable (short-term) $342,200 $357,000 Accrued liabilities 247,800 153,000 Total current liabilities $590,000 $510,000 a. Determine for each year (1) the...
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $593,600 $496,000 Marketable securities 687,300 558,000 Accounts and notes receivable (net) 281,100 186,000 Inventories 796,600 567,300 Prepaid expenses 410,400 362,700 Total current assets $2,769,000 $2,170,000 Current liabilities: Accounts and notes payable (short-term) $411,800 $434,000 Accrued liabilities 298,200 186,000 Total current liabilities $710,000 $620,000 a. Determine for each year (1) the...
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $313,500 $230,400 Marketable securities 363,000 259,200 Accounts and notes receivable (net) 148,500 86,400 Inventories 617,100 409,900 Prepaid expenses 317,900 262,100 Total current assets $1,750,000 $1,248,000 Current liabilities: Accounts and notes payable (short-term) $319,000 $336,000 Accrued liabilities 231,000 144,000 Total current liabilities $550,000 $480,000 a. Determine for each year (1) the...
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $433,200 $353,600 Marketable securities 501,600 397,800 Accounts and notes receivable (net) 205,200 132,600 Inventories 752,400 444,100 Prepaid expenses 387,600 283,900 Total current assets $2,280,000 $1,612,000 Current liabilities: Accounts and notes payable (short-term) $348,000 $364,000 Accrued liabilities 252,000 156,000 Total current liabilities $600,000 $520,000 a. Determine for each year (1) the...