Jarmon Corp Balance Sheet (Thousand of Dollars) Cash Mktble Sec Accts Receiv Inventory Prepaid Rent Total CA Net PP&E Total Assets 2021 14000 6200 33,000 84,000 1,100 138,300 270.000 408 300 Jarmon Financial Ratio Problem Ind Avg Jarmon Quick 2021 2021 Analysis Current Ratio 1.80 Acid-test ratio 0.90 Avg Collection Pd 19.9 days Inv Turn (COGS) 7.10 Debt Ratio 0.52 Times Int Earned 10.00 Gross Profit Margin 0.25 Operating Profit Mar 0.14 Total Asset turn 1.20 Fixed Asset turn 1.80 Operating Income RC 16.8% Net Profit Margin 5.3% ROA 6.4% ROE 12.0% PE 8 11 Required: (1) Calculate the indicated ratios for Jarmon, Inc. for 2021 (2) Perform a quick analysis (3) Evaluate ratios by category as demonstrated in class. Accounts Payable ST Bank notes Accrued Exp Total CL LT Notes Payable PIC Retained Earnings Total SE Total D&E 57,000 13,000 5.000 75.000 150,000 20,000 163,300 183,300 408 300 Jarmon Corp Income Statement 2021 600,000 460,000 140,000 Sales, net COGS Gross Profit Oper Expenses Selling Exp G & A Exp R&D Total Oper Exp EBIT Interest Exp EBT Taxes Net Income 40,000 15,500 4,500 60,000 80,000 10,000 70,000 27 100 42,900