Question
Analysing Statements The statements of Woody Woodpecker Corp. contain the following information: 2019 2018 Cash & Cash Equivalents $ 65,000.00 $ 42,000.00 Accounts Receivable $
Analysing Statements
The statements of Woody Woodpecker Corp. contain the following information:
| 2019 | 2018 | |
| Cash & Cash Equivalents | $ 65,000.00 | $ 42,000.00 |
| Accounts Receivable | $ 44,000.00 | $ 51,000.00 |
| Inventory | $ 129,000.00 | $ 102,000.00 |
| Prepaid Expenses | $ 12,000.00 | $ 9,200.00 |
| Other Current Assets | $ 9,500.00 | $ 8,400.00 |
| Total Assets | $ 450,000.00 | $ 390,000.00 |
| Non-Current Liabilities | $ 180,000.00 | $ 180,000.00 |
| Total Liabilities | $ 270,000.00 | $ 210,000.00 |
| Income from Operations | $ 550,000.00 | $ 490,000.00 |
| Interest Expense | $ 95,000.00 | $ 86,000.00 |
Instruction: (show your calculations and round to 2 decimal places) From the above information calculate:
Current Ratio 2019
Quick Ratio 2019
Debt Ratio 2019
Working Capital 2019
Percentage Change in Working Capital
Percentage Change in Total Liabilities
Time-Interest-Earned Ratio 2019
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Auditors Guide To IT Auditing Software Demo
Authors: Richard E. Cascarino
2nd Edition
1118147618, 978-1118147610
