C 7300 Quiz 1 Name: ___________________________ Student # ________________________

Calculate the following financial ratios and prepare a short analysis of each ratio.

Quick Ratio 2013

2014

Analysis:

Debt/Equity Ratio 2013

2014

Analysis:

Return on Sales 2014 (After Tax) Analysis:

Gross Profit Margin 2014

Analysis:

Inventory Turnover Ratio (in days) 2014

Analysis:

FGD Manufacturingine. 13 2014 $ 43,000 78,000 210,000 14,000 $325,000 Assets Current assets: Cash Accounts receivable Inventories Prepaid expenses Total currenlasses Fixed assets: Gross plan and equipment Accumulated depreciation Het plant and equipment land Told fixed assets Other assets Goochwill ond potents TOTAL ASSETS Debt (Liabilities) and Equity Current dobt. Accounts payable Income fox payable Acarved wage and solaries Interest payable Total current debol long-term debt: long-term nobes pooble Total debt Common stock Retained earning Total stockholders' equity TOTAL DEBT AND EQUITY $ 38,000 70,000 175,000 12,000 $295,000 $760,000 355,000 5405,000 70,000 $475,000 30,000 $800,000 5938,000 383.000 $455,000 70,000 5525,000 50,000 $920,000 $ 61,000 12,000 4,000 2.000 $ 79,000 146,000 $225,000 $ 76,000 15,000 5,000 4,000 $100,000 ha par $300,000 275,000 $575,000 $800,000 200,000 $300,000 $300,000 320,000 $620,000 $920,000 Income Statement sjems ended Dec.31,2014 $830,000 540,000 $290,000 Soles revenue Cost of goods sold Grous profit Operating expense: Marketing expereses General and administratore expenses Depreciation Total operating expenses Operating income Interest expense Earnings before comes Income fox (25%) Nal income $90,000 72,000 28,009 $190,000 $100,000 20,000 80,000 20,000 $ 60,000