DEBT RATIOS Homework Unanswered Calculate DEBT TO ASSETS for Charles Chocolates for both years and enter below as a 10th of a percent, first 2010 and then followed by 2011 (separated by a semi-colon). Pay attention to the order of the years in the financial statements when listing your answers. You must enter your answer in the following format: xx.x%; yy.y% [For example: 10.3%; 12.8% (for demonstration only; these are not the answers) This example indicates that DEBT TO ASSETS in 2010 is 10.3% and DEBT TO ASSETS in 2011 is 12.8%.] Type your answer and submit Exhibit 6: Consolidated Statements of Cash Flows 2011 2010 Year Ended March 31 Increase (decrease) in cash and cash equivalents Operating Net earnings Amortization $ 891,081 332,355 1,223,436 (328,344) 895,092 $ 1,069,326 244,026 1,313,352 350,045 1,663,397 Change in non-cash oper. working capital Financing (Repayments of) advances from LT debt Dividends paid (349,168) 661,806 (701,870) (40,064) (349,168) Investing Purchase of assets of Sandwich Heaven Purchase of property and equipment (1,198,500) (419,307) (772,470) (772,470) (1,617,807) (226,546) 5,526 Net (decrease) increase in cash and cash equivalents 151,802 146.276 Cash and cash equivalents, beginning of year $ 74,744 $ 151,802 Cash and cash equivalents, end of year Comprised of: Cash Bank indebtedness $ 112,185 (186,929) $ 750,948 (599,146) $ 74,744 $ 151,802 Source: Company files DEBT RATIOS Homework Unanswered Calculate DEBT TO ASSETS for Charles Chocolates for both years and enter below as a 10th of a percent, first 2010 and then followed by 2011 (separated by a semi-colon). Pay attention to the order of the years in the financial statements when listing your answers. You must enter your answer in the following format: xx.x%; yy.y% [For example: 10.3%; 12.8% (for demonstration only; these are not the answers) This example indicates that DEBT TO ASSETS in 2010 is 10.3% and DEBT TO ASSETS in 2011 is 12.8%.] Type your answer and submit Exhibit 6: Consolidated Statements of Cash Flows 2011 2010 Year Ended March 31 Increase (decrease) in cash and cash equivalents Operating Net earnings Amortization $ 891,081 332,355 1,223,436 (328,344) 895,092 $ 1,069,326 244,026 1,313,352 350,045 1,663,397 Change in non-cash oper. working capital Financing (Repayments of) advances from LT debt Dividends paid (349,168) 661,806 (701,870) (40,064) (349,168) Investing Purchase of assets of Sandwich Heaven Purchase of property and equipment (1,198,500) (419,307) (772,470) (772,470) (1,617,807) (226,546) 5,526 Net (decrease) increase in cash and cash equivalents 151,802 146.276 Cash and cash equivalents, beginning of year $ 74,744 $ 151,802 Cash and cash equivalents, end of year Comprised of: Cash Bank indebtedness $ 112,185 (186,929) $ 750,948 (599,146) $ 74,744 $ 151,802 Source: Company files