Panther Marine
Ratio Analysis
June 30, 2017, 2016, 2015
Instructions: Calculate each of the below ratios for the current year. FOLLOW the below steps to complete the ratio analysis:
1. Round ALL answers 2 decimal places
2. Must SHOW ratio descriptions (see current ratio for example)
3. MUST use excel formulas and links to IS comparative and BS comparative worksheets within this workbook (see current ratio for example)
4. MUST indicate if current year answer is favorable, unfavorable, or same in realtion to prior year AND industry (see current ratio for example)
5. USE information at bottom of this worksheet to calculate certain ratios
6. If portion of ratio is not available, still use in ratio description and use 0 as part of formula
7. Inventory calculations do NOT include estimated returns inventory
8. USE below ratios and comparative statements to write a memo to Panther Marine management explaining your findings
	6/30/2017		6/30/2016		6/30/2015		INDUSTRY		Prior Year/Industry: Favorable, Unfavorable, Same
Liquidity
Current Ratio	2.01	1	2.10		2.10		2.20		Prior Year - Unfavorable
Current Assets	1,428,076		1,513,761		1,460,080				Industry - Unfavorble
Current Liabilities	709,775		752,362		723,971
Quick Ratio			1.41		1.41		1.62
Accounts Receivable Turnover			7.44		7.63		10.00
Inventory Turnover			2.76		3.04		2.50
Profitability
Profit Margin			4.45%		-2.32%		3.5%
Asset Turnover			1.10		1.12		1.02
Return on Total Assets			4.89%		-2.60%		10.50%
Return on Common Shareholders' Equity			36.88%		-19.58%		18.30%
Earnings per Share (EPS)			$ 3.68		$ (1.99)		$ 3.05
Price-Earnings (P/E ) Ratio			11.13		(15.54)		12.54
Dividends per Share			$ 5.00		$ 6.00		$ 2.00
Solvency Ratios
Ratio of Fixed Assets to Long-Term Liabilities			0.83		0.78		0.80
Fixed Assets (net)
Long-Term Liabilities
	6/30/2017		6/30/2016		6/30/2015
Common Dividends	200,000		250,000		300,000
Weighted Average Common Shares	50,000		50,000		50,000
Market Price per Share	46		41		31

		June 30, 2017		June 30, 2016		June 30, 2015		June 30, 2014		June 30, 2013
		Adjusted		Adjusted		Adjusted		Adjusted		Adjusted
		Trial Balance		Trial Balance		Trial Balance		Trial Balance		Trial Balance
Acct. No.	Account Title	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.
100	Cash	384,504.00		407,574.24		392,194.08		419,109.36		376,813.92
102	Accounts Receivable	555,666.00		589,005.96		566,779.32		605,675.94		544,552.68
103	Allowance for Doubtful Accounts		22,580.00		23,934.80		19,588.80		24,612.20		22,128.40
104	Merchandise Inventory	456,897.00		484,310.82		466,034.94		498,017.73		447,759.06
105	Estimated Returns Inventory	32,500.00		34,450.00		33,150.00		35,425.00		31,850.00
106	Office Supplies	5,689.00		6,030.34		5,802.78		6,201.01		5,575.22
107	Prepaid Insurance	15,400.00		16,324.00		15,708.00		16,786.00		15,092.00
120	Investments - Trading	80,000.00		84,800.00		81,600.00		87,200.00		78,400.00
121	Investments - Available for Sale	35,400.00		37,524.00		36,108.00		38,586.00		34,692.00
122	Investments - Held to Maturity	80,000.00		84,800.00		81,600.00		87,200.00		78,400.00
123	Valuation Allowance	52,000.00		55,120.00		53,040.00		56,680.00		50,960.00
140	Land	1,500,000.00		1,500,000.00		1,500,000.00		1,500,000.00		1,500,000.00
145	Building	1,200,000.00		1,200,000.00		1,200,000.00		1,200,000.00		1,200,000.00
146	Accumulated Depreciation - Building		750,000.00		720,000.00		690,000.00		660,000.00		630,000.00
151	Equipment	85,000.00		80,000.00		80,000.00		80,000.00		75,000.00
152	Accumulated Depreciation - Equipment		68,000.00		59,500.00		51,000.00		42,500.00		34,000.00
153	Office Furniture	14,000.00		14,000.00		14,000.00		14,000.00		14,000.00
154	Accumulated Depreciation - Office Furniture		12,000.00		10,000.00		8,000.00		6,000.00		4,000.00
201	Accounts Payable		680,980.00		721,838.80		694,599.60		168,900.00		170,000.00
202	Wages Payable		-		-
203	Interest Payable		-		-
204	Dividends Payable		-		-
205	Unearned Rent		10,000.00		10,600.00		10,200.00		10,900.00		9,800.00
206	Customer Refunds Payable		18,795.00		19,922.70		19,170.90		20,486.55		18,419.10
250	Notes Payable		650,000.00		689,000.00		663,000.00		708,500.00		637,000.00
251	Bonds Payable		1,300,000.00		1,378,000.00		1,000,000.00		1,417,000.00		1,274,000.00
252	Premium on Bonds Payable		56,000.00		50,000.00		35,000.00		55,000.00		45,000.00
253	Discount on Bonds Payable	16,000.00		10,000.00		10,000.00		12,000.00		15,000.00
252	Mortgage (Warehouse) Payable		300,000.00		318,000.00		950,000.00		920,000.00		1,000,000.00
300	Common Stock, $2 Par, 100,000 Authorized; 50,000 shares Issued/Outstanding		100,000.00		100,000.00		100,000.00		100,000.00		100,000.00
301	Paid In Capital - Excess of Par		350,000.00		371,000.00		357,000.00		381,500.00		343,000.00
330	Retained Earnings		222,158.00		258,022.60		358,176.52		281,556.86		294,694.17
331	Cash Dividends	200,000.00		250,000.00		300,000.00		300,000.00		250,000.00
340	Treasury Stock	50,000.00		60,000.00		20,000.00		20,000.00		10,000.00
341	Unrealized (Gain) Loss Available for Sale Securities	-	-	-	-
500	Sales		4,056,800.00		4,137,936.00		4,302,480.00		4,097,368.00		3,935,096.00
600	Cost of Goods Sold	1,285,698.00		1,311,411.96		1,464,267.80		1,298,554.98		1,247,127.06
700	Wage Expense (hourly workers)	756,894.00		772,031.88		832,583.40		764,462.94		734,187.18
701	Salaries Expense (Exempt Staff)	800,000.00		816,000.00		880,000.00		808,000.00		776,000.00
702	Marketing Expense	295,000.00		300,900.00		324,500.00		297,950.00		286,150.00
703	Travel and Entertainment Expense	56,789.00		57,924.78		62,467.90		57,356.89		55,085.33
704	Bad Debt Expense	42,185.00		43,028.70		46,403.50		42,606.85		40,919.45
705	Property Tax Expense	500,000.00		510,000.00		550,000.00		505,000.00		485,000.00
706	Office Maintenance & Repair Expense	2,000.00		2,040.00		2,200.00		2,020.00		1,940.00
707	Accounting Expenses	10,000.00		10,200.00		65,000.00		10,100.00		9,700.00
708	Insurance Expense	12,000.00		12,240.00		13,200.00		12,120.00		11,640.00
709	Utilities Expense	65,450.00		66,759.00		71,995.00		66,104.50		63,486.50
710	Office Supplies Expense	546.00		556.92		600.60		551.46		529.62
711	Telecommunications Expense	5,425.00		5,533.50		5,967.50		5,479.25		5,262.25
712	Depreciation Expense - Building	30,000.00		30,000.00		30,000.00		30,000.00		30,000.00
713	Depreciation Expense - Equipment	8,500.00		8,500.00		8,500.00		8,500.00		8,500.00
714	Depreciation Expense - Office Furniture	2,000.00		2,000.00		2,000.00		2,000.00		2,000.00
800	Rent Income		8,000.00		2,000.00		10,000.00		15,000.00		5,000.00
801	Unrealized Gain - Trading Securities		5,500.00		1,200.00		5,600.00		16,000.00		8,000.00
802	Realized Gain - Investment Securities		85,460.00		56,485.00		8,690.00		28,560.00		15,000.00
900	Interest Expense	25,000.00		26,500.00		27,500.00		27,250.00		24,500.00
901	Unrealized Loss - Trading Securities	2,500.00		2,650.00		2,750.00		2,725.00		2,450.00
902	Realized Loss - Investment Securities	33,230.00		35,223.80		36,553.00		36,220.70		32,565.40
	Total	8,696,273.00	8,696,273.00	8,927,439.90	8,927,439.90	9,282,505.82	9,282,505.82	8,953,883.61	8,953,883.61	8,545,137.67	8,545,137.67
	Total Expenses and Revenue	3,933,217.00	4,155,760.00	4,013,500.54	4,197,621.00	4,426,488.70	4,326,770.00	3,977,002.57	4,156,928.00	3,817,042.79	3,963,096.00
	Net Income (Loss)	222,543.00		184,120.46			(99,718.70)	179,925.43		146,053.21