Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can someone please help me with this Yong Wireless Limited Consolidated Balance Sheet (in thousands) As at February 28 2019 2018 Assets Cash $1,550,861 $835,546

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Can someone please help me with this

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Yong Wireless Limited Consolidated Balance Sheet (in thousands) As at February 28 2019 2018 Assets Cash $1,550,861 $835,546 Short-Term Investments 360,614 682,666 Accounts Receivable 2,800,115 2,269,845 Merchandise Inventory 621,611 682,400 Other Current Assets 479,455 371,129 Total Current Assets 5,812,656 4,841,586 Long-Term Investment 958,248 720,635 Property, Plant and Equipment 1,956,581 1,334,648 Intangible Assets 1,476,924 1,204,503 Total Assets $10,204,409 $8,101,372 Liabilities Accounts Payable $615,620 $448,339 Accrued Liabilities 1,638,260 1,238,602 Income Taxes Payable 95,650 361,460 Other Current Liabilities 82,247 66,950 Total Current Liabilities 2,431,777 2,115,351 Long-Term Liabilities 169,969 111,893 Total Liabilities 2,601,746 2,227,244 Stockholders' Equity Common Stock 2, 113,146 2,208,235 Retained Earnings 5,489,517 3,665,893 Stockholders' Equity 7,602,663 5,874,128 Liabilities and Stockholders' Equity $10,204,409 $8,101,372\"VIE LIVUHUL '-"E Yong Wireless Limited Consolidated Income Statement (in thousands) For the Year Ended February 28 Revenue $14,953,224 $11,065,186 Cost of Sales 8,368,958 5,967,888 Gross Prot 6,584,266 5,097,298 Operating Expenses Research and Development 964,841 684,702 Selling, Marketing and Admin 1,907,398 1,495,697 Amortization Expense 310,357 194,803 Litigation Expense 163,800 0 Total Operating Expenses 3,346,396 2,375,202 Income from Operations 3,237,870 2,722,096 Other Income and Expenses Investment Income 28,640 78,267 Income before Income Tax Expense 3,266,510 2,800,363 Income Tax Expense 809,366 907,747 Net Income $2,457,144 $1,892,616 Yong Wireless Limited Summary of the Statement of Cash Flows (in thousands) For the Year Ended February 28 Net Cash Provided by Operations $3,034,874 $1,451,845 Net Cash Used by Investing ($1,470,127) ($1,823,523) Net Cash Used by Financing [$849,432) $22,826 Net Increase (Decrease) in Cash $715,315 [$348,853 Required a) Calculate the following ratios for Yong Wireless Limited for 2019 and 2018. For any ratios that require a average (i.e. ROE), use the closing balance for the year. 2019 2018 Gross Profit Margin Net Profit Margin Return on Equity Return on Assets Asset Turnover Current Ratio Quick Ratio Debt-to-Equity Ratio 43 Chapter 14 Financial Statement Analysis b) Based on the figures you calculated, has the company shown improvement in 2019 over 2018? Would you invest in Yong Wireless Limited? Explain.Ivory Inc. Current Assets, December 31, 2019 $175,000 Total Assets, January 1, 2019 500,000 Total Assets, December 31, 2019 575,000 Current Liabilities, December 31, 2019 75,000 Total Liabilities, December 31, 2019 175,000 Stockholders' Equity, January 1, 2019 300,000 Stockholders' Equity, December 31, 2019 400,000 Net Sales 900,000 Depreciation Expense 10,000 Interest Expense 20,000 Income Tax Expense 25,000 Net Income 40,000 Required a) Given the data for Ivory Inc., calculate the following ratios for 2019 (round to two decimal places). The company's ratios for 2018 are given for comparison. Ratio 2018 i ) Current Ratio 3.5 ii) Times Interest Earned Ratio 5.40 iii Debt-to-Equity 25.00% iv Return on Assets 12.50% v Return on Equity 20.20% vi) Net Profit Margin 8.60% 436Ratio 2019 b) Using 2019 as a comparison, discuss whether the company improved or deteriorated in its ability to (i) pay current liabilities as they come due, (ii) meet its long-term debt obligations and (iii) profitability. Be sure to make reference to specific ratios in your answers

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

Financial Accounting

Authors: Robert Kemp, Jeffrey Waybright

5th edition

134727797, 9780134728643 , 978-0134727790

More Books

Students also viewed these Accounting questions

Question

What tasks will you choose to start?

Answered: 1 week ago