Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1a) The cost of sales percentage in 2019 is: 1b) The inventory turnover in 2020 is: 1c) The asset turnover in 2020 is: 1d) The

image text in transcribedimage text in transcribed

1a) The cost of sales percentage in 2019 is:

1b) The inventory turnover in 2020 is:

1c) The asset turnover in 2020 is:

1d) The quick ratio in 2020 is:

1e) Equity multiplier in 2020 is:

1f) The revenue growth rate percentage in 2020 is:

1g) 2020's ROE is:

Mickey Donalds discloses its Consolidated Statements of Earnings for fiscal years of 2019 and 2020. You are hired to evaluate their operating and financial performances. (Only partial statement attached here) 2020 2019 Total Revenue $1,691,000 $1,465,000 Cost and expenses Cost of Sales 500,000 400,000 Labor 898,000 435,000 Total costs and expenses 1,666,423 1,366,609 Income from operations 138,487 135,724 Earnings before income taxes 136,141 135,407 Net earnings attributable to Chick-fill-B 95,069 94,094 After scanning through the earnings statement, you went ahead and looked for Mickey Donalds's Consolidated Balance Sheets in 2019 and 2020. 2020 2019 Current Assets Cash and cash equivalents $13,000 $ 93,329 Marketable securities 9,043 19,547 Accounts receivables 34,087 28,322 Inventory 18,000 12,000 Total current assets 22,000 264,929 Total assets 1,072,382 853,466 Total current liabilities 263,623 195,485 Total Liabilities 438,400 279,167 Stockholders equity Total equity 607,520 557,380 Total liabilities and equity 1,272,382 853,466 Mickey Donalds discloses its Consolidated Statements of Earnings for fiscal years of 2019 and 2020. You are hired to evaluate their operating and financial performances. (Only partial statement attached here) 2020 2019 Total Revenue $1,691,000 $1,465,000 Cost and expenses Cost of Sales 500,000 400,000 Labor 898,000 435,000 Total costs and expenses 1,666,423 1,366,609 Income from operations 138,487 135,724 Earnings before income taxes 136,141 135,407 Net earnings attributable to Chick-fill-B 95,069 94,094 After scanning through the earnings statement, you went ahead and looked for Mickey Donalds's Consolidated Balance Sheets in 2019 and 2020. 2020 2019 Current Assets Cash and cash equivalents $13,000 $ 93,329 Marketable securities 9,043 19,547 Accounts receivables 34,087 28,322 Inventory 18,000 12,000 Total current assets 22,000 264,929 Total assets 1,072,382 853,466 Total current liabilities 263,623 195,485 Total Liabilities 438,400 279,167 Stockholders equity Total equity 607,520 557,380 Total liabilities and equity 1,272,382 853,466

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

Summary Of Easy Money

Authors: David D. Truex

1st Edition

979-8862477078

More Books

Students also viewed these Finance questions