Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. What is 2019 Total Assets Turnover ratio? 2. What is 2019 Debt Ratio? 3. What is 2019 Debt-to-Equity Ratio? 4. What is 2019 Liabilities-to-Assets

1. What is 2019 Total Assets Turnover ratio? 2. What is 2019 Debt Ratio? 3. What is 2019 Debt-to-Equity Ratio? 4. What is 2019 Liabilities-to-Assets Ratio?

image text in transcribed

Analysis of the income statements ($ in thousands) Sales Cost of goods sold Gross profits Operating expenses: Selling and G&A expenses Depreciation expenses Total operating expenses Operating income (earnings before interest and taxes) Interest expense Earnings before taxes Income taxes Net Income Common-Sized Income Statements 2018 2019 2018 $5,400 100.0% 2019 100.0% $5,700 (3,700) (3,600) (-64.9%) (-66.7%) 35.1% $2,000 $1,800 33.3% $(820) $(780) (14.4%) (14.4%) (340) (500) (-6.0%) $(1,160) $(1,280) (20.4%) (9.3%) (23.7%) $840 $520 14.7%9.6% -38.1% (200) (275) (3.5%) (5.1%) $640 $245 11.2% 4.5% (230) (65) (4.0%) (1.2%) 7.2% 3.3% $410 $180 % Changes in Sales and Expenses -5.3% -2.7% -10.0% -4.9% 47.1% 10.3% 37.5% -61.7% -71.7% -56.1% Analysis of balance sheets ($ in thousands) Cash Accounts receivable Inventories Other current assets Total current assets Gross fixed assets Accumulated depreciation Net fixed assets Total assets LIABILITIES (DEBT) AND EQUITY Accounts payable short-term notes payable Total current liabilities Long-term debt Total liabilities Common equity: Common stock (par & paid in capital) Retained earnings Total common equity Total liabilities and equity 2018 Common-Sized Balance sheets 2019 2018 $300 700 600 $495 6.4% 915 15.0% 780 12.8% 125 160 2.7% $1,725 $2,350 36.9% $4,650 $4,950 99.5% (1,700) (2,200) (36.4%) $2.950 $2,750 63.1% $4.675 $5.100 100.0% $400 250 8.6% 5.3% $650 $640 300 $940 13.99 1,325 26.7% $2,265 40.6% 1,250 $1,900 $1,100 $1,100 23.6%621.6%650 1,675 $2,775 $4.675 $5.100 1,735 35.8% $2,835 59.4% 100.0% 2019 9.7% 18.0% 15.3% 3.196 46.196 97.196 (43.196) 53.99 100.0% 12.5% 5.996 18.496 26.0% 44.496 34.0% 55.6% 100.0% Balance Sheet Changes $195 215 180 3.5 $625 300 (500) ($200) $425 $ 240 50 $290 75 $365 60 $60 $425

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance Fundamentals

Authors: K. Moeti

3rd Edition

148512946X, 9781485129462

More Books

Students also viewed these Finance questions