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Posted on Jul 06, 2024

DRINKWATER INC. Balance Sheet 31-Mar-20 (in thousands of Canadian dollars) 2020 2019 $136,000 $98,000 $238,000 2.300 $219,000 2.100 Assets Current assets: Cash Accounts receivable Less:

DRINKWATER INC. Balance Sheet 31-Mar-20 (in thousands of Canadian dollars) 2020 2019 $136,000 $98,000 $238,000 2.300 $219,000 2.100 Assets Current assets: Cash Accounts receivable Less: Allowance for doubtful accounts Inventory Prepaid insurance Notes receivable, due in six months Total current assets Property, plant and equipment: Property, plant and equipment assets Less: Accumulated depreciation Total assets 235,700 84,000 50 216,900 71,000 30 600 400 $456,350 $386,330 $1,621,100 325,000 $1,234,670 208,000 1,296,100 $1.752.450 1,026,670 $1.413.000 $219,000 $174,000 750 Liabilities Current liabilities: Accounts payable Unearned sales Total current liabilities Non-Current liabilities: Notes payable, due in 2022 Total liabilities 3.100 $222, 100 $174,750 114.000 $336,100 116,200 $290,950 $100,000 $100,000 Equity Contributed capital Preferred shares; $1 non-cumulative; 20,000 shares issued and outstanding Common shares 50,000 shares issued and outstanding Total contributed capital Retained earnings Total equity Total liabilities and equity 250.000 $350,000 1,066,350 250,000 $350,000 772,050 1.416,350 $1.752.450 1.122.050 $1.413.000 DRINKWATER INC. Statement of Changes in Equity For Years Ended March 31, 2019 and 2020 (in thousands of Canadian dollars) Preferred Shares Common Shares Retained Earnings Total Equity $100,000 $250,000 -0- Balance, April 1, 2018 Issuance of shares Profit (loss) Dividends Balanco, March 31, 2019 $491,550 $841,550 -0- 280,500 280,500 -0.1 -0-1 $772,050 $1,122,050 $100,000 $250,000 Issuance of shares Profit (loss) Dividends Balance, March 31, 2020 -0. -0. -0- 294,300 294,300 -0-1 $100,000 $250,000 $1,066,350 $1,416,350 NOTE: Because no shares were issued during the years ended March 31, 2020 and 2019, the 'Issuance of shares' line in the Statement of Changes in Equity could be omitted. Additionally, because no dividends were declared or paid during the years ended March 31, 2020 and 2019, the 'Dividends' line in the Statement of Changes in Equity could be omitted. Ratios Calculate the ratio for 2020: Calculate the ratio for 2019: For U' Change from Previous Year a. Current ratio b. Quick ratio c. Accounts receivable turnover d. Days' sales uncollected 1. Inventory turnover . Days' sales in inventory 9. Total asset turnover n. Accounts payable turnover 1. Debt ratio Equity ratio k. Times interest earned Profit margin m. Gross profit ratio n. Return on total assets o. Return on common shareholders' equity p. Book value per common share DRINKWATER INC. Balance Sheet 31-Mar-20 (in thousands of Canadian dollars) 2020 2019 $136,000 $98,000 $238,000 2.300 $219,000 2.100 Assets Current assets: Cash Accounts receivable Less: Allowance for doubtful accounts Inventory Prepaid insurance Notes receivable, due in six months Total current assets Property, plant and equipment: Property, plant and equipment assets Less: Accumulated depreciation Total assets 235,700 84,000 50 216,900 71,000 30 600 400 $456,350 $386,330 $1,621,100 325,000 $1,234,670 208,000 1,296,100 $1.752.450 1,026,670 $1.413.000 $219,000 $174,000 750 Liabilities Current liabilities: Accounts payable Unearned sales Total current liabilities Non-Current liabilities: Notes payable, due in 2022 Total liabilities 3.100 $222, 100 $174,750 114.000 $336,100 116,200 $290,950 $100,000 $100,000 Equity Contributed capital Preferred shares; $1 non-cumulative; 20,000 shares issued and outstanding Common shares 50,000 shares issued and outstanding Total contributed capital Retained earnings Total equity Total liabilities and equity 250.000 $350,000 1,066,350 250,000 $350,000 772,050 1.416,350 $1.752.450 1.122.050 $1.413.000 DRINKWATER INC. Statement of Changes in Equity For Years Ended March 31, 2019 and 2020 (in thousands of Canadian dollars) Preferred Shares Common Shares Retained Earnings Total Equity $100,000 $250,000 -0- Balance, April 1, 2018 Issuance of shares Profit (loss) Dividends Balanco, March 31, 2019 $491,550 $841,550 -0- 280,500 280,500 -0.1 -0-1 $772,050 $1,122,050 $100,000 $250,000 Issuance of shares Profit (loss) Dividends Balance, March 31, 2020 -0. -0. -0- 294,300 294,300 -0-1 $100,000 $250,000 $1,066,350 $1,416,350 NOTE: Because no shares were issued during the years ended March 31, 2020 and 2019, the 'Issuance of shares' line in the Statement of Changes in Equity could be omitted. Additionally, because no dividends were declared or paid during the years ended March 31, 2020 and 2019, the 'Dividends' line in the Statement of Changes in Equity could be omitted. Ratios Calculate the ratio for 2020: Calculate the ratio for 2019: For U' Change from Previous Year a. Current ratio b. Quick ratio c. Accounts receivable turnover d. Days' sales uncollected 1. Inventory turnover . Days' sales in inventory 9. Total asset turnover n. Accounts payable turnover 1. Debt ratio Equity ratio k. Times interest earned Profit margin m. Gross profit ratio n. Return on total assets o. Return on common shareholders' equity p. Book value per common share