Question
Plankton Company Balance Sheet as of Dec 31, 2017 (in $) Cash 112,500 Accounts Payable 150,000 Receivables 336,000 Notes payable 84,000 Inventories 241,500 Other Current
Plankton Company Balance Sheet as of Dec 31, 2017 (in $)
Cash 112,500 Accounts Payable 150,000
Receivables 336,000 Notes payable 84,000
Inventories 241,500 Other Current Liabilities 117,000
Total CA 690,000 Total CL 351,000
L-T debt 256,500
Net Fixed Assets 292,500 Common Equity 375,000
Total Assets 982,500 Total L+E 982,500
Plankton Company Income Statement (year ended Dec 31, 2017in $)
Sales 1,607,000
Cost of Goods Sold
Materials 717,000
Labor 453,000
Heat, Light, and Power 68,000
Indirect Labor 113,000
Depreciation 41,500 1,392,000
Gross Profit 214,500
Selling Expenses 115,000
G&A Expenses 30,000
EBIT 69,500
Interest Expense 24,500
EBT 45,000
Taxes (40%) 18,000
Net Income 27,000
Use the data above for the Plankton Company to calculate the following ratios:
The answers must be carried out to two decimal points.
Current ratio:
Quick ratio:
Inventory Turnover:
Total Assets Turnover:
Profit Margin:
ROA:
ROE:
ROIC:
Total Debt/Total Capital:
Using the DuPont Equation please calculate the ROE? Must show the calculation in order to get credit.
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started