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Calculate the following ratios for the fiscal year 2019. See Balance Sheet and Income statement 1. Gross Margin 2. Receivable Days 3. Inventory Days 4.
Calculate the following ratios for the fiscal year 2019. See Balance Sheet and Income statement
1. Gross Margin
2. Receivable Days
3. Inventory Days
4. Payable Days
343 Calloway's Nursery, Inc. Consolidated Balance Sheets (Unaudited) (amounts in thousands, except share amounts) Assets December 31, 2019 2018 Cash and cash equivalents $6,289 $6,794 Accounts receivable 101 109 Inventories 3,950 4,067 Prepaids 96 Total current assets 10,683 11,066 Property and equipment, net 23,299 23,678 Assets under finance leases, net 9,543 2,526 Right-of-use assets, net 8,187 Other assets 50 42 Total assets $51,762 $37,312 Liabilities and Shareholders' Equity Accounts payable and accrued expenses $5,335 $5,131 Current portion of long-term debt 373 363 Current portion of finance lease obligations 199 52 Operating lease liabilities, current portion 1,265 Dividend payable 3,673 Total current liabilities 7,172 9,219 Long-term debt, net of current portion and unamortized debt issuance costs 3,980 4,341 Obligations under finance leases, net of current portion 9,403 2,472 Operating lease liabilities, net of current portion 7,004 Deferred rent payable 91 Deferred income taxes, net 1,364 1,358 Total liabilities 28,923 17,481 Commitments and contingencies Shareholders' equity: Common stock ($.01 par value; 30,000,000 shares authorized; 7,607,848 shares issued) 76 76 Additional paid-in capital 8,608 8,601 Retained earnings 15,563 12,562 24,247 21,239 Less: treasury stock, at cost (261,888 shares) (1,408) (1,408) Total shareholders' equity 22,839 19,831 Total liabilities and shareholders' equity $51,762 $37,312 Calloway's Nursery, Inc. Consolidated Statements of Income (Unaudited) (amounts in thousands, except per share amounts) Year Ended December 31, 2019 2018 Net revenue $58,748 $56,600 Cost of goods sold 30,142 28,257 Gross profit 28,606 28,343 Selling general and administrative expenses 24,099 22,419 (Gain)/loss on sale/disposal of property 6 Interest expense 655 371 Income before provision for income taxes 3,846 5,554 Income tax expense 845 1,170 Net income $ 3,001 $ 4,384 Weighted average number of common shares outstanding - basic and diluted 7,346 7,346 Net income per common share - basic and diluted $0.41 $0.60
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