Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribedimage text in transcribed

Calculate the ratio of the following:

image text in transcribed

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

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Anti Fraud Risk And Control Workbook

Authors: Peter Goldmann, Hilton Kaufman

1st Edition

0470496533, 978-0470496534

More Books

Students also viewed these Accounting questions

Question

8. Do the organizations fringe benefits reflect diversity?

Answered: 1 week ago

Question

7. Do the organizations social activities reflect diversity?

Answered: 1 week ago