Question
5) Analysing Statements (14 points) The statements of Woody Woodpecker Corp. contain the following information: 2020 2019 Cash & Cash Equivalents $ 65,000 $ 42,000
5) Analysing Statements (14 points)
The statements of Woody Woodpecker Corp. contain the following information:
| 2020 | 2019 | |
| Cash & Cash Equivalents | $ 65,000 | $ 42,000 |
| Accounts Receivable | $ 44,000 | $ 51,000 |
| Inventory | $ 129,000 | $ 102,000 |
| Prepaid Expenses | $ 12,000 | $ 9,200 |
| Other Current Assets | $ 9,500 | $ 8,400 |
| Total Assets | $ 450,000 | $ 390,000 |
| Non Current Liabilties | $ 180,000 | $ 180,000 |
| Total Liabilities | $ 270,000 | $ 210,000 |
| Income from Operations | $ 550,000 | $ 490,000 |
| Interest Expense | $ 95,000 | $ 86,000 |
Instruction: (show your calculations and round to 2 decimal places)From the above information calculate:
Current Ratio 2020
Quick Ratio 2020
Debt Ratio 2020
Working Capital 2020
Percentage Change in Working Capital
Percentage Change in Total Liabilities
Time-Interest-Earned Ratio 2020
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Managerial Accounting
Authors: John Wild, Ken Shaw
6th Edition
9781259726972
