Question
2016 2015 Current Assets $21,600 $16,800 Total assest 70,300 49,500 current liabilites 18,200 12,100 total stockholders eqyity 31,200 24,600 net sales 34,100 30,600 Net income
2016 2015
Current Assets $21,600 $16,800
Total assest 70,300 49,500
current liabilites 18,200 12,100
total stockholders eqyity 31,200 24,600
net sales 34,100 30,600
Net income 11,620 7,170
Requirement 1a. Calculate the current ratios for
20162016
and
20152015.
Select the formula to compute the current ratio. Then enter the amounts into the formula and calculate the current ratios at the end of
20162016
and
20152015.
(Enter amounts in millions. Round your answers to two decimal places.)
|
| Total current assets | / | Total current liabilities | = | Current ratio |
| 2016 | 21600 | / | 18200 | = | 1.19 |
| 2015 | 16800 | / | 12100 | = | 1.39 |
Requirement 1b. Calculate the debt ratios for
20162016
and
20152015.
Select the formula to compute the debt ratio. Then enter the amounts into the formula and calculate the debt ratios at the end of
20162016
and
20152015.
(Enter amounts in millions. Round your answers to two decimal places.)
|
| Total liabilities | / | Total assets | = | Debt ratio |
|
| 2016 | 18200 | / | 70300 | = | 0.26 |
| 2015 | 12100 | / | 49500 | = | 0.24 |
Requirement 2. During
20162016,
The
JuiceJuice
Company issued
$ 1 comma 590$1,590
million of long-term debt that was used to retire short-term debt. What would the current ratio and debt ratio have been if this transaction had not been made?Select the formula to compute the current ratio. Then enter the amounts into the formula and calculate the current ratio at the end of
20162016
assuming that the refinancing had not been made. (Enter amounts in millions. Round your answers to two decimal places.)
|
| Total current assets | / | Total current liabilities | = | Current ratio |
|
| / |
| = |
|
Next, select the formula to compute the debt ratio. Then enter the amounts into the formula and calculate the debt ratio at the end of
20162016
assuming that the refinancing had not been made. (Enter amounts in millions. Round your answers to two decimal places.)
|
|
| / |
| = | Debt ratio |
|
|
| / |
| = |
|
Requirement 3. The
JuiceJuice
Company reports that its lease payments under operating leases will total
$ 950$950
million in the future and
$ 210$210
million will occur in the next year
(20172017).
What would the current ratio and debt ratio have been in
20162016
if these leases had been capitalized?Select the formula to compute the current ratio. Then enter the amounts into the formula and calculate the current ratio at the end of
20162016
assuming that these leases had been capitalized. (Enter amounts in millions. Round your answers to two decimal places.)
|
|
| / |
| = | Current ratio |
|
| / |
| = |
|
Next, select the formula to compute the debt ratio. Then enter the amounts into the formula and calculate the debt ratio at the end of
20162016
assuming that these leases had been capitalized. (Enter amounts in millions. Round your answers to two decimal places.)
|
|
| / |
| = | Debt ratio |
|
|
| / |
| = |
|
Choose from any list or enter any number in the input fields and then continue to the next question.
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Latest Certified Quality Auditor Certification Actual Questions
Authors: Pass For Life
1st Edition
108127705X, 978-1081277055
