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hi, im having trouble solving this problem from the book fundementwl of accounting chapter 17, problem 17.7A thank you. Problem 17-7A Calculation of financial statement

hi, im having trouble solving this problem from the book fundementwl of accounting chapter 17, problem 17.7A thank you.
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Problem 17-7A Calculation of financial statement ratios LO4 Alberta Playground Inc. produces, markets, distributes, and installs durable playground equipment. It is a new, growing playground distributor in Canada, and is hoping to expand to other provinces shortly. Its head office is in Edmonton, Alberta, and its 2017 and 2016 balance sheets and income statements follow. Alberta ayground Inc. Balance Sheet (100) Year Ended March 31 Alberta Playground Inc. Income Statement (5000) Years En Marea 2017 2016 2017 2016 $6,025,470 $5.810,582 5.235,330 5,116,511 Revenues Cost of sales, sing and penses Depreciation and amorcon Expanse Operating profit Imerest on long term Oresponses Eanngs before income 104,832 685.300 23.711 578.565 2001 5161 Income taas 647 34 196715 451 119 160.TRE 380.714 Current SOS Cash and cash quvons $ 77,401 $ RACONS 400. ROT 367004 inventones 662.144 566,754 Prepaid expenses and 50.900 29.444 Nararage ess 27,743 0 Other current ASSAS 32.923 28.242 Tol Current assets. $1,312,098 $1.046,378 Porto Invest 41.343 Proper. Par & Equipment 1,027.150 1.038.756 GOOD 841.830 716.000 Tras dother nangibles 394038 316,613 Other assets 138.13 To asses $8.664 309 3.253.451 Les Curront $ 170.59 $ 61.572 Accounts pace and aved us 573.774 471.106 income ne poate 198,638 1493TT Cunn porn of long committ 28.193 3679 Tocal current as $971.205 $ 60.64 Non-Current Labs Langarm 378.480 300.790 Other 153, Totalbitos $1.538.668 51.22.63 Common shares Retained comings $ 617,675 54.749 1.507.9 1.483 849 $2.125.641 $2.COM Tocales and equiry Click here for a description of Tables: Problem 17-7A; Balance Sheet and Income Statement Page 1104 Assume the common shares represent 203,830 (thousand) shares issued and outstanding for the entire year ended March 31, 2017 Required 1. Prepare a common-size balance sheet and income statement on a comparative basis for 2017 and 2016. Identify any significant changes from 2016 to 2017. Round calculations to two decimal places 2. Calculate the 2017 ratios for Alberta Playground Inc. by completing the schedule below, including a comparison against the industry averages in Exhibit 17.11. Round calculations to two decimal places. Ratio Calculation Favourable (F) or Unfavourable (U) Current ratio Total asset turnover Debt ratio Equity ratio Times interest oamed. Profit margin Return on total assets Earings per sharo. Click here for a description of Table: Problem 17-7A; Ratio Calculations for 2017. Page 1105 Analysis Component:Alberta's management monitors changes to the debt ratio closely to help maximize the company's return on total assets. Explain how a strategy for keeping a strong balance sheet by managing debt loads helps maintain the desired return on total assets. Problem 17-8A Evaluating ratios LO4 Web Structure Inc. calculated the ratios shown below for 2017 and 2016: Change For U Comparison to Industry Average Current ratio Quick ratio Accounts receivable turnover Days salos uncollected Inventory turnover... Days sales in inventory Total asset tumover Debt ratio Times interest camod Profit margin Gross profit ratio F -For Uvdavate 2017 1.08:1 0.94:1 16 25 6 49 3.2 67 2.2 15 17 2016 0.97:1 0.841 18 31 7 37 1B 6.3 18 16 Click here for a description of Table: Problem 17-BA. Required 1. Identify whether the change in the ratios from 2016 to 2017 is favourable (F) or unfavourable (U)

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