Question
End-of-Year Balance Sheets 2020 2019 2018 Cash 30 20 30 Accounts receivable 280 395 430 Inventory 400 510 640 Current assets 710 925 1100 Gross
End-of-Year Balance Sheets
2020 2019 2018
Cash 30 20 30
Accounts receivable 280 395 430
Inventory 400 510 640
Current assets 710 925 1100
Gross fixed assets 1000 1000 1650
Accumulated depreciation 260 220 280
Net fixed assets 740 780 1370
Total assets 1450 1705 2470
Accounts payable 198 300 375
Accruals 100 260 315
Notes payable 100 150 280
Current liabilities 398 710 970
Long-term debt (bonds) 400 500 750
Preferred stock 0 0 0
Common stock 25 25 125
Paid-in capital 75 75 175
Retained earnings 552 395 450
Total liab & equity 1450 1705 2470
NSU Unlimited, Inc.
Income Statements
2020 2019 2018
Sales 4000 4800 5800
Operating expenses 3640 4520 5560
Depreciation expense 40 40 60
EBIT 320 240 180
Interest expense 40 50 70
EBT 280 190 110
Taxes (40%) 112 76 44
NI 168 114 66
Total cash dividends 11 19 11
Refer to Figure 1 above and answer each of the following.
- What is the companys current ratio for 2020? What is the current ratio for 2019?
B. What is the companys quick ratio (acid test ratio) for 2020? What is the companys quick ratio (acid test ratio) for 2019?
C. What is the companys net profit margin for 2020? What is the companys net profit margin for 2019?
D. What is the companys total asset turnover for 2020? What is the companys total asset turnover for 2019?
E. What is the companys debt ratio for 2020? What is the companys debt ratio for 2019?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Enterprise Applications And Services In The Finance Industry
Authors: Artur Lugmayr
1st Edition
331928150X,3319281518
