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Hello, I need help with completing this assignment. I have attached the instructions and where the data should be pulled from. INSTRUCTIONS: Access the information
Hello, I need help with completing this assignment. I have attached the instructions and where the data should be pulled from.
INSTRUCTIONS: Access the information contained in your selected organization's balance sheet and income statement to calculate the following (for each period presented): Liquidity ratios Current ratio Acid-test, or quick, ratio Receivables turnover Inventory turnover Profitability ratios Asset turnover Profit margin Return on assets Return on common stockholders' equity Solvency ratios Debt to total assets Times interest earned Show your calculations for each ratio (for each period presented) Create a horizontal and vertical analysis for the balance sheet and the income statement. Riordan Industries Balance Sheet 000 Omitted 2010 2009 2008 Assets Current Assets Cash Accounts Receivable Inventory Other Current Assets Total Current Assets $265,009 $123,369 $67,426 $2,791 $458,595 $132,505 $61,685 $33,713 $1,396 $229,299 $53,002 $24,674 $13,485 $558 $91,719 Long-term Assets Accumulated Depreciation Total Long-Term Assets $161,870 ($20,466) $141,404 $80,935 ($10,233) $70,702 $32,374 ($4,093) $28,281 Total Assets $599,999 $300,001 $120,000 $30,301 $18,181 $7,272 $1,860 $32,161 $18,181 $7,272 $7,684 $3,842 $1,537 $39,845 $22,023 $8,809 Total Stockholders' Equity $9,303 $318,050 $232,801 $560,154 $4,652 $182,380 $90,946 $277,978 $1,861 $77,693 $31,637 $111,191 Total Liabilities and Stockholders' Equity $599,999 $300,001 $120,000 Long-Term Assets Liabilities Current Liabilities Accounts Payable Current Borrowing Other Current Liabilities Total Current Liabilities Long-Term Liabilities Total Liabilites Stockholders' Equity Common Stock Retained Earnings Capital Surplus Riordan Industries Income Statement 000 Omitted 2010 2009 2008 Income Sales Direct Costs of Goods Sold $549,144 $111,604 $411,858 $83,703 $205,929 $41,851 Payroll Sales, Marketing & Other Expenses Depreciation Quality Assurance Research & Development - Manufacturing & Engineering General & Administrative Maching & Systems Payroll Taxes Total Operating Expenses $104,400 $27,666 $4,176 $13,050 $18,270 $18,165 $11,484 $15,660 $212,871 $83,520 $20,750 $2,671 $9,788 $13,703 $15,655 $8,312 $11,745 $166,144 $58,464 $10,375 $1,321 $3,355 $4,761 $11,213 $3,957 $5,872 $99,318 Profit Before Interest & Taxes $224,669 $1,301 $56,772 $166,596 $162,011 $64,760 $48,930 $113,081 $41,672 $23,088 $0.30 $0.27 $0.11 Expenses Interest Expense Taxes Incurred Net Profit Net Profit / SalesStep by Step Solution
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