i Financial Summary In its annual report, WRM Athletic Supply, Inc. includes the following five-year financial summary: (Click the icon to view the financial summary.) Read the requirements 2020 1.770 1,350 1,850 184,920 1,700 129,360 Acid-test ratio 153,268 242,880 41.250 110.227 22,520 36,370 31,679 27,470 Debt to equity ratio Times-interest-earned ratio Other Income-Net Cost of Goods Sold Selling and Administrative Expenses Interest: Interest Expense Interest Income Income Tax Expense Current ratio (1.070) (1.300) (1.360) (1.030) (860) 130 170 160 225 180 4,490 3,630 3,360 2,770 Select the formula reference in the last column of the table and enter the acid-test ratio for each year. (Round the ratio (Click the icon to view the formulas.) 2018 2017 2016 2015 2014 Formula Acid-test ratio 1.0 1.0 0.9 1.0 1.3 (d.) 3,860 12,570 Net Income 32,480 8,995 5,705 4,153 1.20 1.10 0.90 0.68 1.50 0.40 0.38 0.34 Select the formula reference in the last column of the table and compute the current ratio for each year. (Round the rat (Click the icon to view the formulas.) 0.30 0.26 2018 2017 2016 2015 2014 Formula $ 30,500 $ 27.700 $ 24.800 22.100 21,900 17,400 $ Current ratio 1.73 1.81 1.68 1.70 2.41 (0.) 16,000 Per Share of Common Stock: Net Income Dividends Financial Position Current Assets, Excluding Merchandise Inventory Merchandise Inventory Property. Plant, and Equipment, Net Total Assets Current Liabilities Long-term Debt Stockholders' Equity Financial Ratios 26,100 $ 24,900 $ 21,800 19,200 40,300 35,500 88,200 79,600 51,200 46,000 26,000 Now compute the debt ratio. (Round your answers to the nearest tenth percent. X.X%.) (Click the icon to view the formulas.) 106,500 95,800 65.300 32,000 27.500 28,500 26.000 16,300 2017 2016 2015 2014 Formula 2018 50.8 % 12,800 Debt ratio 50.5 % 51.7 % 56.0 % 44.6 % (p.) 22.100 52,400 20.900 47,400 17.100 42.600 18,600 35,000 36,200 Select the formula reference in the last column of the table and compute the debt to equity ratio for each year. (Round (Click the icon to view the formulas.) 1.0 1.0 0.9 1.0 1.3 Acid-Test Ratio Rate of Return on Total Assets Rate of Return on Stockholders' Equity 33.196 9.3% 8.3% 2018 2017 2016 2015 2014 Formula 15.196 27.9% 12.39 23.2% 65.1% 16.0% 15.5% Debt to equity ratio i Financial Summary In its annual report, WRM Athletic Supply, Inc. includes the following five-year financial summary: (Click the icon to view the financial summary.) Read the requirements 2020 1.770 1,350 1,850 184,920 1,700 129,360 Acid-test ratio 153,268 242,880 41.250 110.227 22,520 36,370 31,679 27,470 Debt to equity ratio Times-interest-earned ratio Other Income-Net Cost of Goods Sold Selling and Administrative Expenses Interest: Interest Expense Interest Income Income Tax Expense Current ratio (1.070) (1.300) (1.360) (1.030) (860) 130 170 160 225 180 4,490 3,630 3,360 2,770 Select the formula reference in the last column of the table and enter the acid-test ratio for each year. (Round the ratio (Click the icon to view the formulas.) 2018 2017 2016 2015 2014 Formula Acid-test ratio 1.0 1.0 0.9 1.0 1.3 (d.) 3,860 12,570 Net Income 32,480 8,995 5,705 4,153 1.20 1.10 0.90 0.68 1.50 0.40 0.38 0.34 Select the formula reference in the last column of the table and compute the current ratio for each year. (Round the rat (Click the icon to view the formulas.) 0.30 0.26 2018 2017 2016 2015 2014 Formula $ 30,500 $ 27.700 $ 24.800 22.100 21,900 17,400 $ Current ratio 1.73 1.81 1.68 1.70 2.41 (0.) 16,000 Per Share of Common Stock: Net Income Dividends Financial Position Current Assets, Excluding Merchandise Inventory Merchandise Inventory Property. Plant, and Equipment, Net Total Assets Current Liabilities Long-term Debt Stockholders' Equity Financial Ratios 26,100 $ 24,900 $ 21,800 19,200 40,300 35,500 88,200 79,600 51,200 46,000 26,000 Now compute the debt ratio. (Round your answers to the nearest tenth percent. X.X%.) (Click the icon to view the formulas.) 106,500 95,800 65.300 32,000 27.500 28,500 26.000 16,300 2017 2016 2015 2014 Formula 2018 50.8 % 12,800 Debt ratio 50.5 % 51.7 % 56.0 % 44.6 % (p.) 22.100 52,400 20.900 47,400 17.100 42.600 18,600 35,000 36,200 Select the formula reference in the last column of the table and compute the debt to equity ratio for each year. (Round (Click the icon to view the formulas.) 1.0 1.0 0.9 1.0 1.3 Acid-Test Ratio Rate of Return on Total Assets Rate of Return on Stockholders' Equity 33.196 9.3% 8.3% 2018 2017 2016 2015 2014 Formula 15.196 27.9% 12.39 23.2% 65.1% 16.0% 15.5% Debt to equity ratio
