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Below is the Income Statement and Balance sheet for the Hilltop Company. Year 3 Year 2 $330.000 $250,000 ($163.000) ($144,000) Sales Costafoods sold Operating Expenses
Below is the Income Statement and Balance sheet for the Hilltop Company. Year 3 Year 2 $330.000 $250,000 ($163.000) ($144,000) Sales Costafoods sold Operating Expenses Marketing expenses R&D expenses Administrative expenses Operating Income Interest Expense Income before income taxes Income tax expense Net Income ($21.0001 ($21,000) ($27,000) ($6,000) ($45.000 $50,000) $74,000 $39.000 $5,000) $11,000 $68,000 $28,000 ($25.000 $8,000) $43.000 $20,000 Year 3 Accounts Receivable Inventory Current Assets Property, plant & equipment Total Assets Accounts payable Short term de bt Current liabiles Long term debt Total Liabilities Paid in capital Retained earnings Total liabilities and equities $8,000 $18.000 $35.000 $62.DO $138.000 $200.000 $28.00 $15.00 $43.000 $52.000 $95.000 $19.000 $85.000 $200.000 Year 2 $8,000 $37,000 $47.000 $92.000 $125,000 $218.000 $39.000 $20,000 $59.000 $55.00 $124.000 $19.000 $75,000 $218.000 Using the above income statement and balance sheet, compute the following ratios for year 3: Return on Equity Return on Sales - Asset Turnover Assetto Equity Raso Accounts Receivable turnover Average Collection perod Inventory turnover Number of day sales in inventory Debt rate Debt to equity to Current
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