Instructions:
Download Formula Sheet. Review Financial Statements and Additional Information and Instructions on the sheet.
numerator amount from the financial statement information -
denominator amount from the financial statement information
the final answer you calculate (rounded to 2 decimal places)
ENTER AMOUNTS WITH COMMAS AND WITHOUT DOLLAR SIGNS (i.e. 10 million dollars as 10,000,000)
Question 8 Days' Sales in Receivable Denominator Amount BLANK-1 Bottom number in formula BLANK-1 Add your answer Question 9 Days' Sales in Receivables Final Answer BLANK-1 Your calculation BLANK-1 Add your answer Question 10 Debt to Equity Ratio Numerator Amount BLANK-1 Top number in formula BLANK-1 Add your answer Question 11 Debt to Equity Ratio Denominator Amount BLANK-1 Bottom number in formula BLANK-1 Add your answerMonroe Mustangs Inc. Monroe Mustangs Inc. Balance Sheet Income Statement As of December 31, 2018 Period Ending December 31, 2018 Current Assets Total Sales Revenue S 62,799,000 Cash and Cash equivalents S 9,158,000 Cost of Goods Sold 28,209,000 Short Term Investments 6,967,000 Gross Profit 34,590,000 Accounts Receivable, Net 6,694,000 Inventory 2,723,000 Operating Expenses Other Current Assets 1,547,000 Selling, General & Adminsitrative 24,735,000 Total Current Assets 27,089,000 Other 70,000 Operating Income 9,785,000 Long Term Investments 1,950,000 Property, Plant and Equipment 45,090,000 Other Income/(Expenses) 110,000 Total Assets $ 74,129,000 Earnings Before Interest and Taxes ,895,000 Current Liabilities Interest Expense 1,342,000 Accounts Payable 14,243,000 Short/Current Long Term Debt 6,892,000 Income Before Tax 8,553,000 Total Current Liabilities 21,135,000 Income Tax Expense 2,224,000 Long Term Debt 30,053,000 Other Liabilities 6,669,000 Net Income $6,329,000 Deferred Long Term Liability 5,177,000 Total Liabilities 63,034,000 Stockholders' Equity Common Stock 4,115,000 Retained Earnings 6,980,000 Total Stockholders' Equity 11,095,000 Total Liabilities and Stockholders' Equity 74,129,000 Additional Information Market price per share = $40 Shares Outstanding 1,500,000 Dividends per Share 50.80 **You do not need to calculate any averages. Assume year-end values equal average values, where normally applicable. "* Instructions Calculate the following ratios using the information given in the Financial Statements. Enter in Blackboard the Numerator, Denominator and the Final Answer for each ratio. ENTER AMOUNTS WITH COMMAS AND WITHOUT DOLLAR SIGNS (i.e. enter 10 million dollars as 10,000,000). Round each final answer you calculate to 2 decimal places. Read the instructions in Exam 2 Part 2 very carefully to enter amounts in the correct place and format
