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Need answers on Excel please. Thanks Part 1. Financial Ratios Please compute the 6 ratios requested below for the Jones Company as of and for
Need answers on Excel please. Thanks
Part 1. Financial Ratios Please compute the 6 ratios requested below for the Jones Company as of and for the year ended December 31, 2019. Please refer to Illustration 5A.1 on pages 5-31 and 5-32 of our textbook for a summary of financial ratios and formulas. Compute each ratio to 2 decimal places using excel rounding. The 6 ratios you should compute are: Current ratio Accounts receivable turnover Inventory turnover Profit margin on sales Earnings per share Debt to assets ratio Compute the 6 ratios using the following data: Current assets $20,000,000 Current liabilities $ 9,250,000 Net sales $75,000,000 Accounts receivable beginning of year $ 4,000,000 Accounts receivable end of year $ 5,600,000 Cost of goods sold $52,000,000 Inventory beginning of year $ 5,400,000 Inventory end of year $ 6,900,000 Net income $ 3,650,000 Preferred dividends $ 225,000 Weighted average common shares outstding $ 500,000 Total liabilities $14,300,000 Total assets $45,000,000Step by Step Solution
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