Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer asap!!!!! urgent!!! Find the following ratios for Sam's Paint and Drywall: Current Ratio: Inventory Turnover; Profit to Sales; Return on Investment; and Debt

please answer asap!!!!! urgent!!!
image text in transcribed
image text in transcribed
Find the following ratios for Sam's Paint and Drywall: Current Ratio: Inventory Turnover; Profit to Sales; Return on Investment; and Debt to Equity Analyze these ratios using Dun and Bradstreet's ratios found below. Sam's Paint and Drywall Dec. 31 2020 (In thousands of dollars) Assets 12 41 18 71 10 15 22 23 70 141 Cash Inventory Accounts Receivable Total Current Assets Fixed Assets Vehicles Equipment Building Land Total Fixed Total Assets Liabilities and Net Worth Accounts Payable Notes Payable-Bank Other Total Current Liabilities Long Term Liabilities Total Owner's Equity Total Liability and Net worth Income Statement Dec. 31, 2020 (In thousands of dollars) 15 4 20 39 41 61 141 Sales Less Cost of Goods Sold Gross Margin on Sales Less Operating Expenses Net profit (before taxes) Dun and Bradstreet's Ratios Current Ratio Inventory Turnover Profit to Sales 280 186 94 81 13 Income Statement Dec. 31, 2020 (In thousands of dollars) 2.7; 6.9; 3.5

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

Auditing And Systems Exam Questions And Explanations

Authors: Irvin N. Gleim, William A Hillison

18th Edition

1581943016, 978-1581943016

More Books

Students also viewed these Accounting questions

Question

1. What is the cause of this situation?

Answered: 1 week ago

Question

2. What are the components of IT infrastructure?

Answered: 1 week ago