December 31

2014 2015 decrease/ decrease/inc.

increase percentage

Current Assets:

Cash 58.50 75.30

Accounts Receivable 420.20 462.30

Inventory 245.50 239.20

Prepaid Expenses 210.20 225.60

Total Current Assets 934.40 1,002.40

Land 853.40 879.00

Building 790.30 814.00

Equipment 345.20 325.40

Total Assets 2,923.30 3,020.80

Liabilities and Equity

Accounts Payable 375.20 386.50

Notes Payable 419.20 431.80

Total Liabilities 794.40 818.30

Equity

Share Capital 1,145.30 1,179.70

Retained Earnings 983.60 1,022.80

Total Liabilities and Equity 2,923.30 3,020.80

Below are the accounts being used by Value Plus Inc. in random order for 2 years

2018 2017 Average

Cash 8,090.35 9,100.52 8,595.44

Accounts Payable 16,235.50 18,365.30 17,300.40

Building 25,000.00 36,000.00 30,500.00

Land 38,000.00 42,000.00 40,000.00

Long Term Debt 6,500.00 7,500.00 7,000.00

Notes Payable 4,200.00 4,500.00 4,350.00

Accounts Receivable 7,650.00 7,780.50 7,715.25

Marketable Securities 6,550.30 7,548.30 7,049.30

Total Sales 54,056.50 82,543.60 68,300.05

Cost of Good Sold 36,520.00 38,456.90 37,488.45

Common Stock 45,362.30 49,536.30 47,449.30

Retained Earnings 8,523.60 9,953.30 9,238.45

Merchandise Inventory 18,650.30 26,500.00 22,575.15

Allowance for bad debts (453.60) (586.30) (519.95)

Equipment 8,569.50 9,856.70 9,213.10

Interest Expense (856.30) (956.50) (906.40)

Cash flow from operating expense 4,500.50 6,508.60 5,504.55 Accumulated Depreciation - Building (5,486.30) (5,865.90) (5,676.10)

1. 1. What is the Current Ratio

2. What is the Acid Test Ratio

3. What is the cash flow Liquidity Ratio

4. What is Accounts Receivable Turnover

5. What is the Average Collection Period

6. What is the Inventory Turnover

7. What is the Average Sale Period

8. What is the Fixed Asset Turnover

9. What is the Debt Ratio

10. What is the Debt to Equity Ratio

Below are Cash Flow Activities. Write the plus (+) symbol or minus (-) symbol on the space provided per item.(No erasures). Interpretation:

(+) = Inflows item, which is an addition to Cash Flow.

(-) = Outflows item, which is a deduction to Cash Flow.

1.___ Sale of Goods

2.___ Receipts from contracts held for dealing and trading purposes

3. ___ Acquisitions of long-lived assets such as property, plant and equipment, intangibles and other long-term assets.

4. ___ Sales of long-lived assets such as property, plant and equipment, intangibles and other long-term assets.

5. ___ Proceeds from borrowing (short-term and long-term)

6. ___ Payments of dividends

7. ___ Purchases of debt or equity securities of other entities

8. ___ Acquisition of the enterprise's own shares

9. ___ Repayment of debt principal

10. ___ Returns on interest earnings assets (interest)

11. ___ Payments for lenders (interest)

12. ___ Payments for taxes unless identified with financing and investing activities

13. ___ Tax refunds unless identified with financing and investing activities

14. ___ Loans (principal) to others (other than advances and loans made by a financial institution)

15. ___ Collection of loans (principal) to others (other than advances and loans made by a financial institution)

16. ___ Repurchase of a firm's own purchases

17. ___ Proceeds from issuing the firm's own equity securities

18. ___ Sales of debt or equity securities or other entities

19. ___ Returns on equity securities (dividends)

20. ___ Payments for operating expenses (salaries, rent, insurance, etc.)