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Please answer all the questions ' Project a: Ratio Analysis Fido's Food Mart Adjusted Trial Balance December 31, 20XX Debits Credits 56,996 9,512 Cash Accounts
Please answer all the questions
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Project a: Ratio Analysis Fido's Food Mart Adjusted Trial Balance December 31, 20XX Debits Credits 56,996 9,512 Cash Accounts Receivable 1,260 Less: Allowance for Doubtful Accounts 20,390 650 Inventory Supplies Prepaid Insurance Equipment Vehicle 12,250 Less: Accumulated Depreciation - Equipment and Vehicle 62,128 400 275 2,200 12,000 46,200 300 Interest Payable Unearned Revenue (Gift Cards) Dividends Payable Bonds Payable (mature 12/31AXX) Common Stock (200 shares @ $210/share Additional Paid In Capital Common Stock Dividends Declared Treasury Stock Retained Earnings Sales Revenue Less: Sales Discount Cost of Goods Sold Operating Expenses Bad Debt Expense Bank Charges Depreciation Expense Insurance Expense 2,200 1,125 134,725 40 64,330 34,840 3,260 15 1,780 160 400 5,750 1,200 15,500 Interest Expense Rent Expense Supplies Expense Wages Expense Totals 261,268 261,268 Project #13: Ratio Analysis elighted by their apparent success, Fido's Food Mart wanted to ensure that they really nderstood what was going on in their organization. They sat down with their accountant and sked for the following ratios to be computed and explained: equired: eference the Financial Statements from Project No. 11 . Debt-to-Assets Ratio (Solvency Ratio) Compute the ratio. Be sure to include a label, if it applies a. rite a full sentence to explain the nature of this as it applies to Fido's Food Mart. c. W rite a full sentence to provide suggestions to move the ratio in a better direction. Quick Ratio (Liquidity Ratio) a. Compute the ratio. Be sure to include a label, if it applies b. Write a full sentence to explain the nature of this as it applies to Fido's Food Mart c. write a full sentence to provide suggestions to move the ratio in a better direction 2. a. Compute the ratio. Be sure to include a label, if it applies b. Write a full sentence to explain the nature of this as it applies to Fido's Food Mart. c. Write a full sentence to provide suggestions to move the ratio in a better direction. 3. Gross Profit Percentage (Profitability Ratio) Net Profit Margin (Profitability Ratio) a. Compute the ratio. Be sure to include a label, if it applies. b. Write a full sentence to explain the nature of this as it applies to Fido's Food Mart. c.. Write a full sentence to provide suggestions to move the ratio in a better direction. 4. Solvency Ratio Liquidity Ratio Profitability Ratios O YaRi Photolife/Shutterstock.com hotolife/Shutterstock.comStep by Step Solution
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