Question
Cracker Barrel Foods Corp Income Statement January 1 - December 31st, 2020 Revenues $ 6,227,844 Cost of Goods Sold $ 3,844,576 Expenses $ 1,298,668 Depreciation
Cracker Barrel Foods Corp | ||
Income Statement | ||
January 1 - December 31st, 2020 | ||
Revenues |
| $ 6,227,844 |
Cost of Goods Sold |
| $ 3,844,576 |
Expenses |
| $ 1,298,668 |
Depreciation |
| $ 362,325 |
EBIT |
| $ 722,275 |
Interest Expense |
| $ |
Taxable Income |
| $ |
Taxes @ 30% |
| $ |
Net Income |
| $ |
Cracker Barrel Foods Corp | |||
Balance Sheet | |||
As of December 31st, 2020 | |||
Current Assets | 2020 | Current Liabilities | 2020 |
Cash | $ 10,445 | A/P | $ 330,000 |
A/R | $ | N/P | $ 250,000 |
Inventory | $ | Other Current Liab | $ 1,250,000 |
Other Current Assets | $ 812,000 | Total Current Liab | $ |
Total Current Assets | $ | Long Term Debt | $ 1,389,615 |
Net Fixed Assets | $ 3,129,754 | Common Stock | $ 1,761,044 |
|
| Retained earnings | $ |
Total Assets | $ | Total Liab. & O.E. | $ |
Cracker Barrel Foods Corp | |
Financial Ratios | |
2020 | |
Liquidity Ratios | Cracker Barrel |
1. Current Ratio | 1.330 |
2. Quick Ratio | 1.117 |
3. Cash Ratio | 0.004 |
Solvency Ratios | |
4. Total Debt Ratio | 0.58 |
5. Debt/Equity Ratio | 1.37 |
6. Equity Multiplier | 2.37 |
Asset Management Ratios | |
7. Times Interest Earned | 4.82 |
8. Cash Coverage (EBITDA) Ratio | 7.23 |
9. Inventory Turnover Ratio | 9.88 |
10. Days Sales in Inventory | 36.93 |
11. Receivables Turnover Ratio | 5.10 |
12. Days Sales in A/R (Average Collection Period) | 71.61 |
13. NWC Turnover | 10.33 |
14. Fixed Asset Turnover | 1.99 |
15. Total Asset Turnover | 1.12 |
Profitability Ratios | |
16. Profit Margin | 6.4% |
17. Return on Assets (ROA) | 7.2% |
18. Return on Equity (ROE) | 17.1% |
1. What is the correct value for Taxable Income?
2. What is the correct value for AR?
3. What is the correct value for Inventory?
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