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i need just the B part The financial statements of Rose Corporation appear below: Rose Corporation Comparative Balance Sheets December 31, 2018 19 Assets Cash
i need just the B part
The financial statements of Rose Corporation appear below: Rose Corporation Comparative Balance Sheets December 31, 2018 19 Assets Cash 2019 S600,000 S1,200,000 2018 Short-term investments 600,000 1,200,000 1,800,000 7S00,000 $12.000.000 $15.000.000 1,800,000 900,000 2,100,000 Accounts receivable (net) Inventory Property, plant and equipment (net) 9,000,000 Total assets Liabilities and stockholders' equity Accounts payable Short-term notes payable Bonds payable $600,000 1,200,000 2,400,000 4,500,000 3.300,000 $12.000.000 $15.000.000 $900,000 2,700,000 4,800,000 4,500,000 2.100,000 Common stock Retained earmings Total liabilities and stockholders' equity Rose Corporation Income Statement For the Year Ended December 31, 2019 $12,000,000 7,500,000 4,500,000 Net sales Cost of goods sold Gross profit Expenses Operating expenses Interest expense $1,260,000 540,000 Total expenses 180.000 2,700,000 810,000 1.890.000 Income before income taxes Income tax expense Net income Required: (a) Using the financial statements, compute the following ratios for Rose Corporation for 2019. Show all computations 1. Current ratio 2. Acid-test ratio. 3. Accounts receivable turnover. 4. Inventory turnover 5. Profit margin 6. Return on assets. 7. Assets turnover. 8. Times interest earned (5 marks) 9. Working capital. 10. Debt to assets ratio. (b) Based on the ratios calculated in (a), discuss briefly the improvement or lack thereof in financial position and operating results from 2018 to 2019 of Rose Corporation 3 marks)Step by Step Solution
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