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Hello. Can you answer this assignment? PLEASE? 4-6. (Ratio analysis) The balance sheet and income statement for the A. Thiel Mfg. Company are as follows:
Hello. Can you answer this assignment? PLEASE?
4-6. (Ratio analysis) The balance sheet and income statement for the A. Thiel Mfg. Company are as follows: Balance Sheet ($000) Cash $ 500 Accounts receivable 2,000 Inventories 1,000 Current assets $3,500 Net fixed assets 4,500 Total assets $8,000 Accounts payable $1,100 Accrued expenses 600 Short-term notes payable Current liabilities $2,000 Long-term debt 2,000 Owners' equity 4,000 Total liabilities and owners' equity $8,000 300 Income Statement ($000) Sales (all credit) Cost of goods sold Gross profit Operating expenses (includes $500 depreciation) Operating profits Interest expense Earnings before taxes Income taxes (40%) Net income $8,000 (3,300) $4,700 (3,000) $1,700 (367) $1,333 (533) $ 800 Calculate the following ratios: Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin Operating return on assets Debt ratio Days in receivables Fixed-asset turnover Return on equity
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