Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

begin{tabular}{|l|r|r|} hline & multicolumn{1}{|c|}{2015} & multicolumn{1}{|c|}{2016} hline multicolumn{1}{|c|}{ Assets } & & hline Cash & $45.00 & $50.00 hline AlR & $321.00

image text in transcribed
image text in transcribed
\begin{tabular}{|l|r|r|} \hline & \multicolumn{1}{|c|}{2015} & \multicolumn{1}{|c|}{2016} \\ \hline \multicolumn{1}{|c|}{ Assets } & & \\ \hline Cash & $45.00 & $50.00 \\ \hline AlR & $321.00 & $231.00 \\ \hline Inventory & $335.00 & $284.00 \\ \hline \multicolumn{1}{|c|}{ Total } & $701.00 & $565.00 \\ \hline Net Fixed Assets & $1,000.00 & $1,200.00 \\ \hline Total Assets & $1,701.00 & $1,765.00 \\ \hline & & \\ \hline \multicolumn{1}{|c|}{ Liabilities } & & \\ \hline Accounts Payable & $276.00 & $392.00 \\ \hline Notes Payable & $150.00 & $125.00 \\ \hline \multicolumn{1}{|r|}{ Total } & $426.00 & $517.00 \\ \hline Long-Term Debt & $500.00 & $750.00 \\ \hline Common Stock & $400.00 & $400.00 \\ \hline Retained Earnings & $375.00 & $98.00 \\ \hline & $1,701.00 & $1,765.00 \\ \hline & & \\ \hline & & \\ \hline \multicolumn{1}{|l|}{ Sales } & & $1,913.00 \\ \hline Sales & & $1,530.40 \\ \hline Depreciation & & $200.00 \\ \hline EBIT & & $182.60 \\ \hline Interest & & $40.00 \\ \hline Taxes & & $69.56 \\ \hline Net Income \\ \hline \end{tabular} What is the Current Ratio for 2016? What is the Quick Ratio for 2016? What is the Times Interest Earned (TIE) for 2016? What is the Debt to Equity (D/E) ratio for 2015? What is the Debt to Equity (D/E) ratio for 2016? What is the Profit Margin (PM) for 2016? What is the Total Asset Turnover (TAT) for 2016? What is the Equity Multiplier (EM) for 2016? What is the Return on Equity (ROE) for 2016? What is the Return on Assets (ROA) for 2016

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

Quantitative Analysis For Management

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Hale

14th Edition

0137943601, 9780137943609

More Books

Students also viewed these Finance questions

Question

Is the highlighting consistent and tasteful? (297)

Answered: 1 week ago