Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Measure the following: -Working Capital Ratio -Current Ratio -Quick Ratio -Accounts Receivable Turnover -Average age of Receivable -Inventory Turnover -Average age of Inventory -Return on
Measure the following: -Working Capital Ratio -Current Ratio -Quick Ratio -Accounts Receivable Turnover -Average age of Receivable -Inventory Turnover -Average age of Inventory -Return on Total assets -Net Profit Margin -Times Interest Earned -Debt to asset ratio -Equity to Total assets ratio
2020 1,865,500.00 $ 240,000.00 1,625,500.00 2019 1,494,100.00 240,000.00 1,254,100.00 Sales Cost of Sales Gross Profit Operating Expenses: Salaries Expense Utilities Expense Supplies Expense Depreciation Expense Repairs and Maintenance Expense Advertising Expense Total Operating Expenses: Operating Profit Finance Cost 750,000.00 120,000.00 18,000.00 10,500.00 12,475.00 25,000.00 995,975.00 629,525.00 67,631.00 561,894.ED P 600,000.00 109,000.00 65,000.00 10,500.00 4,500.00 20,000.00 809,000.00 445,100.00 27,860.00 417,240.00 Net Income # 2120 2019 Assets Current Assets Cash Accounts Receivable Inventories Prepaid Expenses Total Current Assets Non-aurrent Assets Machinery and Equipment Total Assets 405,525.00 40,000.00 2,250.00 3,500.00 470,275.00 113,610.00 25,565.00 45,325.00 10,000.00 194,500.00 158,450.00 628,725.00 285,500.00 480,000.00 Liabilities and Owner's Equity Current Liabilities Accounts Payable Salaries Payable Non arrent Liabilities Loans Payable Totaltiobitties 100,500.00 85,000.00 100,000.00 36,250.00 235,000.00 420,500.00 58,750.00 195,000.00 Equity Gomez, Capital Total Liabilities and Owner's Equity 203,225.00 628,725.00 285,000.00 480,000.00Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started