Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

memo for potential investors. Part 4 scent Satin BB Insert Draw Page Layout Home Formulas Data Review View Help Tell me what you want to

memo for potential investors.
image text in transcribed
image text in transcribed
Part 4 scent Satin BB Insert Draw Page Layout Home Formulas Data Review View Help Tell me what you want to do Saints Computer Supply Warehouse B H L M N Saint's Computer Supply Warehouse Current Ratio Current Assets / Current Liabilites Current Ratio $19,750.00 / $3,300.00 5.98 Asset Turnover Net Sales Average Total Asset Turnover Ratio $7000.00 / $12,775.00 555 Debt to Equity Total Liabilites/Shareholder's Equity Debt to Equity SS.SOO 00 / $20,050.00 = 273 The company can pay its current liabilites with its current assets more then 5 times over The company produces a low number of sales based on its assets. Around 55% of their assets are bringing in income This equation shows that the companies debt to equity ratio is 27% as financed Net Margin Return on investment Net Profit/Average Total Assets Return on Investment $950.00/512,775,00 Net Income / Net Sales - Net Marrin 5950.00 $7,000.00 14% A The company had a 7% return for their investors. The company generated 14% on every dollar sold as net income. Sheet1 ACC301 Case Instructions Fall 2021-4.docx Part 5 - Client Memo Student Responsibility - Prepare a Client Memo explaining how potential investors and creditors will use the Company's financial statements to make business decisions. (Prepared in Word. Use Memo Format. See "Writing a Memo" in the case module in canvas. Memo will be graded on grammar) Due Date: Wednesday, 10/6/21 by 11:59pm

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting An Integrated Statements Approach

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

2nd Edition

324312113, 978-0324312119

More Books

Students also viewed these Accounting questions