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Need help with f-q 3 (Chapter 3). Financial Ratios. Consider the Ganges Tours, Inc. financial statements below. Calculate the following ratios: a. Current ratio. b.
Need help with f-q
3 (Chapter 3). Financial Ratios. Consider the Ganges Tours, Inc. financial statements below. Calculate the following ratios: a. Current ratio. b. Quick ratio c. Cash ratio d. Total Debt ratio e. Debt-Equity ratio. f. Inventory turnover. (Assume "Costs" are costs of good sold.) g. Days' sales in inventory h. Receivables turnover. i. Days' sales in receivables j. Total Asset turnover. k. . Profit margin 1. Return on assets m. Return on equity n. Earnings per share. (Assume 100,000 shares outstanding.) o. Price-earnings ratio. (Assume market price - $20.) p. Market-to-book ratio. q. Dividend payout ratio Ganges Tours, Inc. 12/31/2017 Balance Sheet ers' Equit abilities and Current Liabilities Current assets Cash Accounts Receivable Inventory $50,600 81,400 173,800 305.800 Accounts Payable $136,000 34,000 170,000 316,000 Notes Payable Total Total Fixed assets Long-term Debt Owners' equity (OE) Net F/A 826,000 C/S + surplus $280,000 Retained Earnings 365.800 S645.800 1,131,800 Total OE Total Liab and OE Total Assets 1,131,800 3 (Chapter 3). Financial Ratios. Consider the Ganges Tours, Inc. financial statements below. Calculate the following ratios: a. Current ratio. b. Quick ratio c. Cash ratio d. Total Debt ratio e. Debt-Equity ratio. f. Inventory turnover. (Assume "Costs" are costs of good sold.) g. Days' sales in inventory h. Receivables turnover. i. Days' sales in receivables j. Total Asset turnover. k. . Profit margin 1. Return on assets m. Return on equity n. Earnings per share. (Assume 100,000 shares outstanding.) o. Price-earnings ratio. (Assume market price - $20.) p. Market-to-book ratio. q. Dividend payout ratio Ganges Tours, Inc. 12/31/2017 Balance Sheet ers' Equit abilities and Current Liabilities Current assets Cash Accounts Receivable Inventory $50,600 81,400 173,800 305.800 Accounts Payable $136,000 34,000 170,000 316,000 Notes Payable Total Total Fixed assets Long-term Debt Owners' equity (OE) Net F/A 826,000 C/S + surplus $280,000 Retained Earnings 365.800 S645.800 1,131,800 Total OE Total Liab and OE Total Assets 1,131,800Step by Step Solution
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