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Calculate the following ratios for the years 2020 and 2021 Gross profit margin Net profit margin Return on equity Inventory turnover period Average settlement period
Calculate the following ratios for the years 2020 and 2021
- Gross profit margin
- Net profit margin
- Return on equity
- Inventory turnover period
- Average settlement period (Accounts receivable)
- Asset turnover
- Current ratio
- Quick ratio
- Interest coverage ratio
- Debt to equity ratio
Present the calculation and answer for each ratio in a table. It is sufficient to show the calculation for the year 2020 ONLY. Round the ratios to 2 decimal places.
STATEMENT OF FINANCIAL POSITION | |||
Fiscal Year: | 2019 | 2020 | 2021 |
(FYR Ending): | (31DEC2019 ) | (31DEC2020 ) | (31DEC2021 ) |
Cash & Equivalents | 55,297 | 84,629 | 96,291 |
Receivables - Total (Net) | 17,663 | 19,981 | 26,500 |
Inventories - Total | 19,868 | 22,943 | 31,758 |
Current Assets - Total | 96,334 | 132,733 | 161,580 |
Plant, Property & Equip (Net) | 97,846 | 150,667 | 216,363 |
Intangibles | 18,803 | 19,998 | 20,478 |
TOTAL ASSETS | 225,248 | 321,195 | 420,549 |
Accounts Payable | 47,183 | 72,539 | 78,664 |
Total Current Liabilities | 87,812 | 126,385 | 142,266 |
Long Term Debt | 63,205 | 87,789 | 122,595 |
TOTAL LIABILITIES | 163,188 | 227,791 | 282,304 |
TOTAL SHAREHOLDERS EQUITY | 62,060 | 93,404 | 138,245 |
INCOME STATEMENT | |||
Fiscal Year: | 2019 | 2020 | 2021 |
(FYR Ending): | (31DEC2019 ) | (31DEC2020 ) | (31DEC2021 ) |
Sales (Net) | 280,522 | 386,064 | 469,822 |
Cost of Goods Sold | 150,386 | 217,068 | 249,435 |
Gross Profit | 130,136 | 168,996 | 220,387 |
Selling, General, & Admin Expenses | 100,244 | 129,933 | 172,537 |
Research and Development Expense | 35,931 | 42,740 | 56,052 |
Depreciation, Depletion, & Amortization | 15,715 | 16,748 | 23,421 |
Interest Expense | 1,600 | 1,647 | 1,809 |
Net Profit | 11,588 | 21,331 | 33,364 |
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1 Ratios 2020 2021 a Gross Margin Gross ProfitNet Sales 100 4377 4691 168996386064100 220387469...Get Instant Access to Expert-Tailored Solutions
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