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Calculate the ratio of the following: Marnus Inc Income Statement For the Financial Year ended 12/31/19 $150,000,000 ($130,000,000) $20,000,000 12/31/18 $140,000,000 ($123,000,000) $17,000,000 $9,000,000 $10,000,000
Calculate the ratio of the following:
Marnus Inc Income Statement For the Financial Year ended 12/31/19 $150,000,000 ($130,000,000) $20,000,000 12/31/18 $140,000,000 ($123,000,000) $17,000,000 $9,000,000 $10,000,000 Statement values in 000's Period Ending: Total Revenue (Net Revenue) Cost of Revenue (COGS) Gross Profit Operating Expenses Sales, General and Admin. Other Operating Items Total Operating Exp Operating Income (or loss) Interest Expense Earnings Before Tax Income Tax Net Income (or loss) $0 $0 | ($9,000,000) $11,000,000 ($1,000,000) $10,000,000 ($5,000,000) $5,000,000 ($10,000,000) $7,000,000 ($800,000) $6,200,000 ($4,000,000) $2,200,000 Dividends declared and paid Preferred Ordinary Ord Shares OS as of given date $ $ 12/31/19 500,000 1,000,000 1,000,000 $60.00 $ $ 12/31/18 400,000 1,000,000 1,000,000 $40.00 Stock Price as of given date Marnus Inc Balance Sheet As of Dec 31st 12/31/19 12/31/18 Statement values in 000's Period Ending: Current Assets Cash and Cash Equivalents Short-Term Investments Net Receivables Inventory Other Current Assets Total Current Assets Long-Term Assets Long-Term Investments Fixed Assets Intangible Assets Other Assets Total Assets $15,000,000 $8,000,000 $28,000,000 $12,000,000 $5,000,000 $68,000,000 $10,000,000 $12,000,000 $24,000,000 $10,000,000 $3,000,000 $59,000,000 $30,000,000 $80,000,000 $8,000,000 $5,000,000 $191,000,000 $25,000,000 $76,000,000 $6,000,000 $4,000,000 $170,000,000 Current Liabilities Accounts Payable Short-Term Debt Other Current Liabilities Total Current Liabilities Long-Term Debt Other Liabilities Total Liabilities Stock Holders Equity Common Stocks Retained Earnings Total Equity Total Liabilities & Equity $34,000,000 $16,000,000 $9,500,000 $59,500,000 $45,000,000 $32,000,000 $136,500,000 $30,000,000 $15,000,000 $8,000,000 $53,000,000 $40,000,000 $30,000,000 $123,000,000 $24,000,000 $30,500,000 $54,500,000 $191,000,000 $20,000,000 $27,000,000 $47,000,000 $170,000,000 Tests of Liquidity 6. Current Ratio - (Current Assets / Current Liabilities) 7. Quick Ratio - (Quick Assets / Current Liabilities) Quick Assets = Cash + Short term iny + Ac Rec OR Current Assets - Inventory 8. Receivables Turnover Ratio - (Net Credit Sales / Average Net Receivables) If credit sales are not shown separately, consider total sales revenue as credit sales 9. Inventory Turnover Ratio - (COGS / Average Inventory) 10. Payables Turnover ratio (COGS / Average Accounts payable). 11. Average age of receivables (365/Receivables Turnover Ratio) 12. Average age of payables (365/Payables Turnover Ratio) 13. Average age of inventory (365/Inventory Turnover Ratio)Step by Step Solution
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