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Find following Ratios: Liquidty: Operating Cash Flows to current liabilites Current Ratio Quick Ratio Coverage: Times Interst earned EBITDA coverage Cas from operation to total
Find following Ratios:
Liquidty: Operating Cash Flows to current liabilites Current Ratio Quick Ratio
Coverage: Times Interst earned EBITDA coverage Cas from operation to total debt Free operating cash flow to total debt
Long Term Solvency: Libilities to Equity Total debt to Equity
Exhibit 1 operating Statements for Years Ending December 31, 1988-1990, and for First Quarter 1991 (thousands of dollars) First Quarter 1989 1990 1988 1991 Net sales $2,694 $1,697 $2,013 $718a Cost of goods sold Beginning inventory 239 183 326 418 Purchases 1,278 1,524 2,042 660 $2,368 $1,461 $1,763 $1,078 Ending inventory 239 326 418 556 $1,222 Total cost of goods sold $1,437 $1,950 522 Gross profit 744 475 196 Operating expenseb 425 515 Interest expense Net income before taxes Provision for income taxes Net income aIn the first quarter of 1990 sales were $698,000 and net income was $7,000. Operating expenses include a cash salary for Mr. Butler of $75,000 in 1988, $85,000 in 1989, $95,000 in 1990, and $22,000 in the f 1QQ1Step by Step Solution
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