@ Home Page - Comn x Content X Bb 6884689 X | 0 Mail - Espinal , Lesly x | Tory Lanez - " When x | Facebook x / + C https://blackboard.ccri.edu/ultra/courses/_45656_1/cl/outline?legacyUrl=%252Fwebapps%252Fblackboard%252Fmessaging. X From John Ribezzo To Michael Belcher; Caleb Buffum; Elaijah Cardoso; Sean Cullinane; Leslyvanna Espinal; Jonathan Garde; Sean Higgins; Karina Mejia; Julie Priesing; William Primeau; John Ribezzo; John Rumley; Ariana Song; Tate Taylor; Sheriff M Touray; Julia Turner Cc Sent Friday, February 10, 2023 7:49 AM Subject DISCUSSION BOARD CHAPTER 15 Attachment DB-CHAPTER 15.pdf DISCUSSION BOARD-CHAPTER 15 INSTRUCTIONS Calculate the ratios from the information attached. Once you have completed the ratios, go to the Discussion Board in Blackboard-Chapter 15 and attach the answer there. You can use either WORD or EXCEL to present the ratios. The deadline to submit the answer and attach it in the Discussion Board is 11:59PM, Sunday, February 191. I will not accept a submission, FOR ANY REASON, after this date. Any submission received after this date will receive zero credit. This Discussion Board assignment is graded on a 0 to 10-point scale. All Discussion Board assignments altogether are worth 15% of the final grade. Reminder: The assignment will involve computing ratios for a firm for two consecutive years. Use the ratio formulas on pages 15-26 and 15-27 in the textbook. You will need to identify which ratio is the better ratio for each year. (An example is given in the problem). Remember, when computing a ratio that has as its numerator an Income Statement account and has as its denominator a Balance Sheet account, you must take the A average of the Balance Sheet account. Look at last week's Schedule Update for Week 3 that provided an example. Thank you, Professor Ribezzo Activate Windows Go to Settings to activate Windows. Type here to search V EPIC 41.F Mostly cloudy ~ 40 0 d' 7:19 PM 2/19/2023 2Home Page - X Content X Bb 6884689 X Bb 6884689 x Mail - Espinal, X Tory Lanez - "> https://learn-us-east-1-prod-fleet01-xythos.content.blackboardcdn.com/blackboard.learn.xythos.prod/589ab7cf1b570/68 of 3 Q V DISCUSSION BOARD PROBLEM - CHAPTER 15 The financial statements for the years 20x3 and 20x4 appear below. Gordan Corporation Balance Sheets December 31 20X4 20X3 ASSETS Current Assets: Cash $330 $36 Accounts Receivable (net) 470 433 Inventory 430 390 Prepaid Expenses 120 160 Total Current Assets $1,350 $1,343 Property, Plant and Equipment 420 380 Long-Term Investments 10 10 Intangible Assets 530 510 Total Assets $2,310 $2,243 LIABILITIES Current Liabilities: Accounts Payable $500 $410 Accrued Expenses 200 50 Notes Payable: Short-Term 200 350 Total Current Liabilities $900 $810 Long-Term Liabilitys 390 393 Type here to search 99+ M V EPIC Earning FU FS FG F7 F12 SL 4 5 G~ 7K INS HM PU DEL END CTRi ALT ALI CTRLHome Page - x Content X Bb 6884689 X Bb 6884689 x | Mail - Espinal. X Tory Lanez - " X f F https://learn-us-east-1-prod-fleet01-xythos.content.blackboardcdn.com/blackboard.learn.xythos.prod/589ab7cf1b570/6884689? of 3 Current Liabilities: Accounts Payable $500 $410 Accrued Expenses 200 50 Notes Payable: Short-Term 200 350 Total Current Liabilities $900 $810 Long-Term Liabilitys 390 393 Total Liabilities $1,290 $1,203 STOCKHOLDERS' EQUITY Common Stock $220 $220 Retained Earnings $800 $820 Total Stockholders' Equity $1,020 $1,040 Total Liabilities and Stockholders' Equity $2,310 $2,243 Gordan Corporation Income Statements For the Years Ended December 31 20X4 20X3 Type here to search 994 V EPIC Earning FU FS FG FI 3 17 HM DEL ENDHome Page - X Content X Bb 6884689 X Bb 6884689 X 0 Mail - Espinal, X Tory Lanez - " X f Facebook https://learn-us-east-1-prod-fleet01-xythos.content.blackboardcdn.com/blackboard.learn.xythos.prod/589ab7cf16570/6884689?X-B. 2 of 3 Gordan Corporation Income Statements For the Years Ended December 31 20X4 20X3 Net Sales (all on credit) $4,000 $3,600 Less: Cost of Goods Sold -984 -895 Gross Profit $3,016 $2,705 Operating Expenses: Selling Expenses 1400 1330 General and Administrative Expenses 1252 1162 Total Operating Expenses $2,652 $2,492 Net Income $364 $213 REQUIRED: 1. Compute the ratios below (a through j) for the years 20X3 and 20X4. SHOW THE ENTIRE FORMULA FOR EACH RATIO ROUND EACH RATIO TO TWO DECIMAL PLACES IDENTIFY WHICH YEAR HAS THE BETTER RATIO, 20X3 OR 20X4 Activ EXAMPLE: Go to a. YEAR 2003: DEBT RATIO = $1,203/$2,243 = .54 BETTER Type here to search 994 V EPIC Earnings upcomin F 12 INS 1 13 CTRLHome Page - X Content X Bb 6884689 X Bb 6884689 x Mail - Espinal. X Tory Lanez - X f Fa @ https://learn-us-east-1-prod-fleet01-xythos.content.blackboardcdn.com/blackboard.learn.xythos.prod/589ab7cf16570/6884689? of 3 Q + 2 0 | [ D | A " / D V ROUND EACH RATIO TO TWO DECIMAL PLACES IDENTIFY WHICH YEAR HAS THE BETTER RATIO, 20X3 OR 20X4 EXAMPLE: a. YEAR 2003: DEBT RATIO = $1,203/$2,243 = .54 BETTER YEAR 2004: DEBT RATIO = $1,290/$2,310 = .56 a. Current Ratio b. Acid-Test Ratio c. Inventory Turnover (Inventory for 20X2 was $350) d. Days'Sales in Inventory e. Accounts Receivable Turnover (Accounts Receivable for 20X2 was $390) f. Rate of Return on Common Stockholders' Equity (Common Stockholders' Equity for 20X2 was $990) g. Debt to Equity Ratio h. Profit Margin Ratio i. Rate of Return on Total Assets (Total Assets for 20X2 was $2,100) j. Asset Turnover Ratio (Total Assets for 20X2 was $2,100) pe here to search 994 V EPIC Earnings up FI FIZ SL INS Pu DEL END ALT EN CTOL