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hi , please solve my all problem of ratios i also attached income statement and balancesheet and i have one request please solve this problem
hi , please solve my all problem of ratios i also attached income statement and balancesheet and i have one request please solve this problem completely correct because it is 15 percent for me last time when i posted this question i get 2 different answers so please solve it perfectly
Statement of Income 2020 2019 Revenue thousands National Local $295,971 210,914 $506,885 $274,293 203,650 $477,943 Total revenue Expenses Player costs Team Sales, marketing & fan engagement Facilities, net* General & administrative 226,548 46,510 243,082 63,595 66,994 33,429 63,101 66,927 30,466 73,149 477,219 436,582 Total expenses Profit from operations $70,303 $ 724 Net income $34,862 $ 8,368 NET INCOME $80 $60 Millions $40 $20 $0 $72.8 2017 $38.6 2018 $8.4 2019 $34.9 2020 Net income of $34.9 million includes a significant adjustment for the new GAAP rule that requires us to record unrealized investment losses from the March bear market on our income statement. Gain and losses in prior years were recorded on the balance sheet. Balance Sheet 2020 2019 $ thousands $422,026 $444,170 Assets Cash & Investments Unamortized signing bonuses, net Property & equipment net Other Total assets Liabilities & Equity Debt Compensation liabilities Other liabilities Equity Total Liabilities & Equity 136,030 383,621 101,410 $1,043,087 152,222 370,581 98,038 $1,065,011 144,427 69,451 130,036 699,173 $1,043,087 147,407 83,711 170,431 663,462 $1,065,011 RATIOS 11. Answer the following for each of the ratios listed below in a tod: i. Compute the ratios for 2020 and for 2019. ii. Briefly comment on what the ratio is trying to measure. ii. How do the 2020 results compare to 2019 - have the results improved or have they gotten worse according to the ratio? a. Current ratio = current assets/current liabilities (assume "cash and investments" is the only current asset and assume the "compensation liabilities" and "other liabilities" are current liabilities) b. Debt to equity ratio = Interest-bearing liabilities/ equity (assume that "debt" is the only interest-bearing liability). Return on assets = net income / total assets (use the end of each year amount) d. Return on equity=profit from operations / total equity (at the end of each year) (use profit from operations and not net income) c. RATIOS i. 11. Answer the following for each of the ratios listed below in a tod: Compute the ratios for 2020 and for 2019. Briefly comment on what the ratio is trying to measure. How do the 2020 results compare to 2019 - have the results improved or have they gotten worse according to the ratio? ii. iii. a. b. Current ratio = current assets / current liabilities (assume "cash and investments" is the only current asset and assume the "compensation liabilities" and "other liabilities" are current liabilities) Debt to equity ratio = Interest-bearing liabilities/equity (assume that "debt" is the only interest-bearing liability). Return on assets = net income / total assets (use the end of each year amount) Return on equity=profit from operations / total equity (at the end of each year) (use profit from operations and not net income) c. d thanks
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