Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

# 2 - Calculate at least one ( 1 ) of the following ratios: Hotel Gift / Sundries Shop Financial Analysis 2 0 1 9

#2- Calculate at least one (1) of the following ratios:
Hotel Gift/Sundries Shop
Financial Analysis 20192020
Current Ratio
Total Assets to Total Liablities
Inventory Turnover
Inventory Holding Period
Profit Margin
Gross Margin
Revenue Growth
Hotel Gift/Sundries Shop
Summary Balance Sheet 201820192020
Assets
Current Assets
Cash $117,491 $92,273 $42,356
Accounts Receivable $4,125 $2,534 $1,252
Inventory $25,000 $5,000 $30,000
Current Assets $146,616 $99,807 $73,608
Fixed Assets $37,793 $40,808 $96,286
Total Assets $184,408 $140,615 $169,894
Liabilities
Current Liabilities $199,247 $180,231 $201,498
Long Term Liabilities $36,650 $29,873 $27,635
Total Liabilities $235,897 $210,104 $229,133
Total Equity ($51,489)($69,489)($59,239)
Total Liabilities and STE $184,408 $140,615 $169,894
using the information of the hotel and sundries income statement answer the question number 2 above and calculate the ratios for the empthy statement
in excel format

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

College Accounting A Contemporary Approach

Authors: David Haddock, John Price, Michael Farina

4th edition

978-1259995057, 1259995054, 978-0077503987, 77503988, 978-0077639730

More Books

Students also viewed these Accounting questions

Question

=+d) Comment on how these models do with these data.

Answered: 1 week ago