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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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