i just need part 6

eBook Calculator Problem 12-92A Preparation of Ratios The financial statements for Burch Industries follow: Burch Industries Consolidated Income Statements (in thousands, except per share data) Year ended December 31, 2019 2018 2017 Revenues $3,930,984 $3,405,211 $3,003,610 Costs and expenses: Cost of goods sold $2,386,993 $2,089,089 $1,850,530 Selling and administrative 922,261 761,498 664,061 Interest 25,739 30,665 27,316 Other expenses (income) 1.475 2,141 Total costs and expenses $3,336,468 $2,883,393 $2,541,864 Income before income taxes $594,516 $$21.818 $461,746 Income taxes 229,500 192,600 174,200 Net income $365,016 $329,218 $287,046 Check My Work 3 more Check My Work uses remaining, Previous Next > Email instructor Save and Exit Submit Assignment for Gradin eBook Calculator Burch Industries Consolidated Balance Sheets (in thousands) December 31, 2019 2018 ASSETS Current assets: Cash and equivalents Accounts receivable, less allowance for doubtful accounts of $19,447 and $20,046 $291,284 667,547 $260,050 596,018 Inventories Deferred income taxes Prepaid expenses 592,986 26,378 42,452 471,202 27,511 32,977 Total current assets $1,620,647 $1,387,758 Property, plant, and equipment $497,795 $571,032 (193,037) (151,758) Less accumulated depreciation Net property, plant, and equipment $346,037 $377,995 157,894 Goodwill 110,363 30,927 28,703 Other assets Total assets $2,187,463 $1,872,861 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Check My Work 3 more Check My Work uses remaining All work saved. Email Instructor Save and Exit Submit Assignment for Gradir 10,000 I U) - Kyoryawyando.com - Yahoo Mail 1 eBook Calculator Use the following data to respond to the requirements below. 2019 2017 77,063 76,067 Average number of common shares outstanding Accounts receivable, net Inventories $667,547 592,986 2,187,463 Total assets Stockholders' equity 2018 76,602 $596,018 471,202 1,872,861 1,324,149 581,134 150,000 45,195 0.59 1,646,026 $521,588 586,594 1,708,430 1,032,789 288,320 137,000 39,555 0.52 Stock repurchases 930,111 190,000 57,797 Cash flows from operating activities Common dividends pald Dividends per common share Market price per share: 0.75 High LOW Close 90.25 55.00 86.33 54.50 26.00 43.22 Year ended Decemb Industry Averages Return on equity 25.98% profit margin Asset turnover Check My Work 3 more Check My Work uses remaining. Previous Next > All work saved Email Instructor Save and Exit Submit Assignment for Grading eBook Calculator Asset turnover 2.24 2.56 Leverage 2.32 Required: 1. Prepare all the financial ratios for Burch for 2019 and 2018. In your computations, round the tax rate to three decimal places (le: 4693 would be .469). Round your final answers to two decimal places. 2019 2018 Short-Term Liquidity Ratios: Current ratio 3.30 Quick ratio 2.04 Cash ratio Operating cash flow ratio 0.36 Debt Management Ratios: Times interest earned ratio (Accrual Basis) 18.02 Long-term debt to equity ratio 0.06 Debt to equity ratio Long-term debt to total assets ratio Debt to total assets ratio 0.25 Asset Efficiency Ratiost Check My Work 3 more Check My Work uses remaining Previous Next > All work saved Email instructor Save and Erie Submit Assignment for Grading Accounts receivables turnover ratio 6.09 Inventory turnover ratio 3.95 Asset turnover ratio 1.94 1.907 Profitability Ratios: Gross profit percentage Operating margin bercentage 39.28 38.65 % 15.78 16.22 % Net profit margin percentage 9.29 9.679 Return on assets ratio 18.76 19.47 Return on equity ratio 24.58 % NA 27.94 % Stockholder Ratios: Earnings per share (EPS) 4.74 $ 4.30 Return on common equity 24.58 96 2 7.94 % Dividend yield ratio 0.82 Dividend payout ratio % 13.73 % Total payout ratio 190.25 Stock repurchase payout 254.82 IN & 2. Conceptual Connection: Is Burch's short-term liquidity adequate? Previous Next > Check My Work 3 more Check My Work uses remaining. work uses remaining All work saved. Email Instructor Save and Exit Submit Assignment for Grading 2. Conceptual Connection: Is Burch's short-term liquidity adequate? Yes 3. Conceptual Connection: Is Burch using its assets efficiently? Yes, because receivables and Inventory turnovers appear strong. 4. Conceptual Connection: Determine whether Burch is profitable. Yes 5. Conceptual Connection: Discuss whether long-term creditors should regard Burch as a high-risk or a low-risk Low-risk 6. Perform a Dupont analysis for 2018 and 2019. Round your intermediate calculations and final answers to two decimal places Dupont Analysis 2019 2018 Foodback Check My Work 1. Current ratio measures the proportion of current assets to current abilities Quick ratio measures the proportion of quick current assets to current liabilities Cash ratio measures the proportion of cash and marketable securities to current liabilities. mannen Check My Work 3 more Check My Work uses remaining All work saved Email Instructor Save and Exit Submit Assignment for Grading