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Figure 1.NSU Unlimited, Inc. End-of-Year Balance Sheets 201720182019 Cash 302030 Accounts receivable200395430 Inventory400510640 Current assets 6309251100 Gross fixed assets100010001650 Accumulated depreciation180220280 Net fixed assets8207801370 Total

Figure 1.NSU Unlimited, Inc.

End-of-Year Balance Sheets

201720182019

Cash 302030

Accounts receivable200395430

Inventory400510640

Current assets 6309251100

Gross fixed assets100010001650

Accumulated depreciation180220280

Net fixed assets8207801370

Total assets145017052470

Accounts payable 250300375

Accruals 200260315

Notes payable100150280

Current liabilities550710970

Long-term debt (bonds)500500750

Preferred stock 000

Common stock 2525125

Paid-in capital 7575175

Retained earnings300395450

Totalliab& equity145017052470

NSU Unlimited, Inc.

Income Statements

201720182019

Sales400048005800

Operating expenses 364045205560

Depreciation expense 404060

EBIT 320240180

Interest expense405070

EBT 280190110

Taxes (40%)1127644

NI 16811466

Total cash dividends 111911

  1. Use the information above and the format given below to make a Statement of Cash Flows for NSU Unlimited, Inc. for 2019.

NSU Unlimited, Inc.

Statement of Cash Flows for 2019

Operating Activities

Net Income

Adjustments:

Non-cash adjustments

Accumulated depreciation

Changes in working capital

Change in accounts receivable

Change in inventories

Change in accounts payable

Change in accruals

Net cash provided by Operating Activities

Long-Term Investment Activities

Cash used to acquire fixed assets

Financing Activities

Change in notes payable

Change in long-term debt

Change in preferred stock

Change in common stock

Change in paid-in capital

Payment of cash dividends

Net cash provided by Financing Activities

Summary

Net change in cash

Cash at beginning of year

Cash at end of year

2. Refer to balance sheet and income statement above and answer each of the following questions.

A.What is the company's current ratio for 2019? What is the current ratio for 2018?

B.Whatis the company's quick ratio (acid test ratio) for 2019? What is the company's quick ratio (acid test ratio) for 2018?

C.Whatis the company's net profit margin for 2019? What is the company's net profit margin for 2018?

D.Whatis the company's total asset turnover for 2019? What is the company's total asset turnover for 2018?

E.Whatis the company's debt ratio for 2019? What is the company's debt ratio for 2018?

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