curreng ratio=?

acid-test ratio=?

debt ratio=?

times interested earned=?

average collection period=?

inventory turnover=?

return on common equity=?

operating return on assets=?

operating profit margin=?

total asset turnover=?

fixed asset turnover=?

statements of cash flows:

net income=?

adjustments

depreciation=?

changes in marketable securities=?

changes in accounts receivable=?

change in prepaid expenses=?

change in inventories (less A/P)=?

change in accruals=?

net cash provided by operating activities=?

statement of cash flows cont'd

cash flows from investing activities

change in gross plant and equipment=?

net cash provided (consumed) by investing activities=?

cash flows from financing activities

change in notes payable=?

change in debt=?

dividends=?

net cash provided by financing activities=?

net change in cash=?

cash, January 1 2017 =?

cash, December 31 2018 =?

use the info provided by financial ratios and the cash flow statement to decide if you would support making the loan?

(Financial analysis) The T. P. Jarmon Company manufactures and sells a line of exclusive sportswear. The firm's salas were $805,000 for the year just ended, and its total assets was $408,250. The company was started by Mr. Jarmon just 10 years ago and has been profitable every year since its inception. The chief financial officer for the firm, Brent Vehlim, has decided to seok a line of credit totaling $90,000 from the firm's bank. In the past, the company has relied on its suppliers to finance a large part of its needs for inventory. However, in recent months tight money conditions have led the firm's suppliers to offer sizable cash discounts to speed up payments for purchases. Mr. Vohlim wants to use the line of credit to replace a large portion of the firm's payables during the nummer, which is the firm's peak seasonal sales period. The firm's two most recent balance sheets were presented to the bank in support of its loan request. In addition, the firm's income statement for the yoar just ended was provided. These statements are found in the popup window: . Mke Ameen, associate credit analyst for the Merchants National Bank of Midland, Michigan, was assigned the task of analyzing Jarmon's loan request. a. Calculate the financial ratios for 2018 corresponding to the industry norms provided in the popup window: b. Which of the ratios reported in the industry norms do you feel should be most crucial in determining whether the bank should extend the line of credi? c. Prepare Jarmon's statement of cash flow for the year ended December 31, 2018. a. Calculate the financial ratios for 2018 corresponding to the industry norms provided in the popup window: The current ratio is ( (Round to two decimal places.) T.P. Jarmon Company, Balance Sheet for 12/31/2017 and 12/31/2018 LIABILITIES AND OWNERS' EQUITY Accounts payable Notes payable Accruals Total current liabilities Long-term debt Total liabilities and equity $401,200$408,250 T.P. Jarmon Company, Income Statement for the Year Ended 12/31/2018 Sales (all credit) Less cost of goods sold Gross profit Less operating and interest expenses General and administrative Interest \begin{tabular}{rr} $605,000 \\ 466,000 \\ \hline$ & 139,000 \end{tabular} Depreciation $29,90011,00029,100 Total Earnings before taxes Less taxes Net income available to common stockholders Less cash dividends Change in retained earnings \begin{tabular}{ll} $ & 70,000 \\ \hline$ & 69,000 \\ & 14,490 \\ \hline$ & 54,510 \\ & 31,500 \\ \hline$ & 23,010 \\ \hline \hline \end{tabular} (Click on the following icon in order to copy its contents into a spreadsheet.)