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im stuck and dont want the formulas. The financial statements for Royale and Cavalier companies are summarized here. Royale Cavalier Company Company Balance Sheet Cash

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im stuck and dont want the formulas.

The financial statements for Royale and Cavalier companies are summarized here. Royale Cavalier Company Company Balance Sheet Cash $ 27,000 $ 47,000 Accounts Receivable, Net 57.000 18.000 Inventory 114.000 29,000 Equipment, Net 554,000 164,000 Other Assets 142.000 48.000 Total Assets $894 000 $306,000 Current Liabilities $124,000 19,000 Note Payable (long-term) 194.000 59.000 Common Stock (par $20) 482.000 212,000 Additional Paid-in Capital 52.000 6,000 Retained Earnings 42.000 10.000 Total Liabilities and Stockholders' Equity $894.000 $306,000 Income Statement Sales Revenue $806,000 $286.000 Cost of Goods Sold 482,000 152.000 Other Expenses 242.000 97,000 Net Income 5/182.000 37.000 Other Data Per share price at end of year 20.00 $ 16.00 Selected Data from Previous Year Accounts Receivable, Net $ 49,000 $ 16.000 Note Payable (long-term) 194 000 59.000 Equipment, Net 554.000 164,000 Inventory 97.000 40,000 Total Stockholders' Equity 576,000 228.000 These two companies are in the same business and state but different cities. Each company has been in operation for about 10 years. Both companies received an unqualified audit opinion on the financial statements. Royale Company wants to borrow $77.000 cash and Cavalier Company is asking for $32,000. The loans will be for a two-year period. Both companies estimate bad debts based on an aging analysis, but Cavalier has estimated slightly higher uncollectible rates than Royale. Neither company issued stock in the current year. Assume the end-of-year total assets and net equipment balances approximate the year's average and all sales are on account Required: 1. Calculate the following ratios (Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal places.) Royale Cavalier Ratio Royale Company Cavaller Company 10.17% 40.20 % 1.45 14.24% $ 3.40 5.88 12.94 % 46.85% 1.74 16.23% $ 3.49 4.58 Tests of Profitability: 1. Net Profit Margin 2. Gross Profit Percentage 3. Fixed Asset Turnover 4. Return on Equity 5. Earnings per Share 6. Price/Earnings Ratio Tests of Liquidity: 7. Receivables Turnover Days to Collect 8. Inventory Turnover 8 Days to Sell 9. Current Ratio Tests of Solvency: 10. Debt-to-Assets D days days days days F

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