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1) Current Ratio 2) Acid Test Ratio 2015 1.84842389 2015 0.97634807 2014 2.43649494 2014 1.38432741 2013 2.95321176 2013 1.86648449 please help on 3 and 4
1) | Current Ratio | 2) | Acid Test Ratio | |||
2015 | 1.84842389 | 2015 | 0.97634807 | |||
2014 | 2.43649494 | 2014 | 1.38432741 | |||
2013 | 2.95321176 | 2013 | 1.86648449 | |||
please help on 3 and 4
3) Refer to the Nabisco Company information in exerciss above. The company's income statements for the years ended December 31, 2015 and 2014, follow. Assume that all sales are on credit and then compute: (1) days' sales uncollected, (2) accounts receivable turnover, (3) inventory turnover, and (4) days' sales in inventory. Comment on the changes in the ratios from 2014 to 2015. (Round amounts to one decimal.) 2014 $ 685,000 $ 557,000 $ At December 31 2015 Sales Cost of goods sold $ 417,850 Other operating expens 207,282 Interest expense 8,175 Income taxes 12,900 Total costs and expenses Net income Earnings per share 356,265 141,971 8,960 12,450 646,207 $ 38,793 $ 2.37 519,646 $ 37,354 2.28 $ 4) Refer to the Nabisco Company information in exercises above. Compare the company's long term risk and capital structure positions at the end of 2010 and 2009 by computing these ratios: (1) debt and equity ratios, (2) debt-to-equity ratio, and (3) times interest earned. Comment on these ratio results. 3) Refer to the Nabisco Company information in exerciss above. The company's income statements for the years ended December 31, 2015 and 2014, follow. Assume that all sales are on credit and then compute: (1) days' sales uncollected, (2) accounts receivable turnover, (3) inventory turnover, and (4) days' sales in inventory. Comment on the changes in the ratios from 2014 to 2015. (Round amounts to one decimal.) 2014 $ 685,000 $ 557,000 $ At December 31 2015 Sales Cost of goods sold $ 417,850 Other operating expens 207,282 Interest expense 8,175 Income taxes 12,900 Total costs and expenses Net income Earnings per share 356,265 141,971 8,960 12,450 646,207 $ 38,793 $ 2.37 519,646 $ 37,354 2.28 $ 4) Refer to the Nabisco Company information in exercises above. Compare the company's long term risk and capital structure positions at the end of 2010 and 2009 by computing these ratios: (1) debt and equity ratios, (2) debt-to-equity ratio, and (3) times interest earned. Comment on these ratio resultsStep by Step Solution
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