Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help question 1 1. Using the Balance Sheets and Income Statements for the Tardis Time Management Company to calculate the following ratios for 2019

need help question 1
1. Using the Balance Sheets and Income Statements for the Tardis Time Management Company to calculate the following ratios for 2019 and 2020. Current Assets/Current Liabilities Current Ratio: Quick Ratio: Cash Ratio: Net Working Capital to Total Assets: Total Debt Ratio: Debt-Equity Ratio: Equity Multiplier: Long-term Debt Ratio: Total Asset Turnover: Profit Margin: Return on Assets (ROA): Return on Equity (ROE): DuPont Identity: (Current Assets - Inventory)/Current Liabilities Cash/Current Liabilities Net Working Capital/Total Assets (Total Assets - Total Equity)/Total Assets Total Debt/Total Equity Total Assets/Total Equity Note that this also is equal to 1 + the D/E Ratio Long-term Debt/(Long-term Debt + Total Equity) Sales/Total Assets Net Income/Sales Net Income/Total Assets Net Income Total Equity (Net Income/Sales) x (Sales/Total Assets) x (Total Assets/Total Equity)
image text in transcribed
image text in transcribed
image text in transcribed
1. Using the Balance Sheets and Income Statements for the Tardis Time Management Comnanv to calinglate the foll 2019 Sales Cost of Goods Sold Fixed Costs Depreciation Eamings Before fiatonst Ac Taxz Interest Taxable Income Taxes (@34\%) Net Income Dividends Additions to Retained Eamings \begin{tabular}{rr} 59,90 \\ 6,950 \\ 1,800 \\ 5 & 410 \\ \hline 5 & 70 \\ \hline 5 & 764 \\ \hline 5 & 299 \\ \hline 5 & 2:5 \\ 5 & 210 \end{tabular} 2020 Sales Cost of Goods Sold Fixed Costs Depreciation Eamings Before Inten st \& Tares Interest Taxable Income Taxes (@34\%) Net Income Dividends Additions to Retaines Eamings 2020 The Tardis Tine Mianagemen Company ININ3301/12C(333)Fall2021ProfDEyard Thrtis Time Managenuent Company Halance Shove: Forvear cadiag Decrmber 31, 2019 (S in 003s) 1. Using the Balance Sheets and Income Statements for the Tardis Time Management Comnanv to calinglate the foll 2019 Sales Cost of Goods Sold Fixed Costs Depreciation Eamings Before fiatonst Ac Taxz Interest Taxable Income Taxes (@34\%) Net Income Dividends Additions to Retained Eamings \begin{tabular}{rr} 59,90 \\ 6,950 \\ 1,800 \\ 5 & 410 \\ \hline 5 & 70 \\ \hline 5 & 764 \\ \hline 5 & 299 \\ \hline 5 & 2:5 \\ 5 & 210 \end{tabular} 2020 Sales Cost of Goods Sold Fixed Costs Depreciation Eamings Before Inten st \& Tares Interest Taxable Income Taxes (@34\%) Net Income Dividends Additions to Retaines Eamings 2020 The Tardis Tine Mianagemen Company ININ3301/12C(333)Fall2021ProfDEyard Thrtis Time Managenuent Company Halance Shove: Forvear cadiag Decrmber 31, 2019 (S in 003s)

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

Step: 3

blur-text-image

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

More Books

Students also viewed these Finance questions