Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi, I would like to get this problem answerd today pls. Lamar Swimwear had the following financial statements for 201X (last year): Income Statement: (in

image text in transcribed

Hi,

I would like to get this problem answerd today pls.

image text in transcribed Lamar Swimwear had the following financial statements for 201X (last year): Income Statement: (in thousands) Net Sales Cost of products Sold Gross Profit from operations Other Expenses EBIT Interest EBT Taxes Earnings Additional information: Common Shares Outstanding Earnings per share Lease payment $ 1,200,000 800,000 400,000 239,900 160,100 35,000 125,100 36,900 88,200 30,000 $2.94 $15,000 per year included in expenses Balance Sheet Cash $ Marketable securities Accounts receivable Inventory Current Assets Fixed Assets Total Assets 30,000 20,000 170,000 230,000 450,000 650,000 1,100,000 Accounts Payable $ 200,000 Accrued Expenses 20,400 Current Liabilities 220,400 Long-Term Liabilities 325,000 Total Liabilities 545,400 Common equity 554,600 Total liabilities and Equity 1,100,000 Given the following Industry Ratios perform a ratio analysis of Lamar. Include comments and suggestions based on your findings. Be sure to include the DuPont Ratio in your analysis. Current Ratio Quick Ratio Inventory Turnover Days Sales Outstanding Fixed Asset Turnover Total Asset Turnover Return on Assets Return on Equity Debt ratio Times Interest Earned Fixed charge coverage Profit margin on sales 1.96x 1.37x 4.24x 39.90 days 1.60x 1.05x 7.94% 14.31% 43.47% 6.50x 4.70x 7.71%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Investments, Valuation and Management

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

8th edition

1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697

More Books

Students also viewed these Finance questions