Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Based on the financial information provided, calculate the following ratios and explain their purpose: Current Ratio Inventory Turnover Ratio Accounts Receivable Turnover Ratio Debt to
| Based on the financial information provided, calculate the following ratios and explain their purpose: Current Ratio Inventory Turnover Ratio Accounts Receivable Turnover Ratio Debt to Equity Ratio Return on Assets Ratio Asset Turnover Ratio Return on Equity Ratio Profit Margin Ratio Price-Earnings Ratio Dividend Yield Ratio |
| 12/31/2010 | 12/31/2009 | |
| Amount in Dollars | Amount in Dollars | |
| Cash | 200.00 | 150.00 |
| Receivables | 500.00 | 350.00 |
| Inventories | 750.00 | 755.00 |
| Other Current Assets | 100.00 | 75.00 |
| Total Current Assets | 1,550.00 | 1,330.00 |
| Plant and Equipment | 1,100.00 | 1,170.00 |
| Other Long - Term Assets | 150.00 | 100.00 |
| Total Assets | 2,800.00 | 2,600.00 |
| Accounts Payable | 510.00 | 400.00 |
| Other Current Liabilities | 25.00 | 25.00 |
| Total Current Liabilities | 535.00 | 425.00 |
| Long Term Debt | 375.00 | 400.00 |
| Other Long Term Liabilities | 225.00 | 175.00 |
| Preferred Stock | 250.00 | 250.00 |
| Shareholders' Equity | 1,415.00 | 1,350.00 |
| Total Liabilities and Shareholders' Equity | 2,800.00 | 2,600.00 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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