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please help me solve and answer this financing / accounting problem please and thank you C u r rent o Ac ldtest rat Average c
please help me solve and answer this financingaccounting problem please and thank you
C u r rent o Ac ldtest rat Average c ot lection period Average s a Ie period Return on assets Debttoequity ratio T s rest ea r ned P r n S rat Problern 16-15 Part 3 (Algo) The following financial data and ratios are typical Of companies in Lydex Company's industry: alysis [L016-2, L016-3, L016-4, L016-S, L016- 86, 3, 24, 18, 65, 36 , 3 84 , 896, 7 560 , 448 , 350 65 , 3 days 6 day s 3- TO assess the company's liquidity and asset management, compute the follovving for this year and last year: c. e. g. Working capital. The current ratio. Note: Round your final answers to 2 decimal places. The acid-test ratio. Note: Round your final answers to 2 decirnal places. The average collection period. (The accounts receivable at the beginning Of last year totaled Note: Use 365 days in a year. Round your intermediate calculations and final answers to 2 decirnal place. The average sale period. (The inventory at the beginning of last year totaled $1,930,000.) Note: Use 365 days in a year. Round your interrnediate calculations and final answers to 2 decirnal place. The operating cycle. Note: Round your interrnediate calculations and final answers to 2 decirnal place. The total asset turnover. (The total assets at the beginning of last year totaled Note: Round your final answers to 2 decirnal places. VVorking capital The Current ratio The acid-test ratio The average collection period The average sale period f. The operating cycle g. The total asset turncwer days days days days Problem 16-15 (Algo) Comprehensive Ratio [The following information applies to the questions displayed below.] Lydex Company's financial statements for the last two years are as follows: Lydex Company Compa rat ive Ba lance Sheet This Assets Current assets: Cash Yea r Last Year Ma r ketable securities Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets Liabilities and Stockholders Cur rent liabilities Note payable, Total liabilities Stockholders' equity: Equity 7 Reconciliation 2, 3, 3,5, 6, g, g, $ 16,22, 3, 6, 51 7,5, 1,21. 8, 71, $ 1, l, 1, 4, 2, , 4, 98, 8, 95, 3, , 78 7, 5, 8, 15, 13 , 93, 5 Year Common stock, $75 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Lydex Company Comparative Income Statement and This Year Last Sates (all on account) Cost of goods sold Gross margin Selling and administrative Net ope rating income Interest expense Net income before taxes Income taxes (30%) Net income Common dividends Net income retained Beg ing retained ea ings End ing retained ea rnings expenses $ 15, 76, 12, 68, 3, 152, 1, 592, 1, 56, 1, 2 , 36 28 65 1,21, 9, 435, 3, 145, 1, 564, 1, 581, 1, 281, 384 3 448 35 21 65 C u r rent o Ac ldtest rat Average c ot lection period Average s a Ie period Return on assets Debttoequity ratio T s rest ea r ned P r n S rat Problern 16-15 Part 3 (Algo) The following financial data and ratios are typical Of companies in Lydex Company's industry: alysis [L016-2, L016-3, L016-4, L016-S, L016- 86, 3, 24, 18, 65, 36 , 3 84 , 896, 7 560 , 448 , 350 65 , 3 days 6 day s 3- TO assess the company's liquidity and asset management, compute the follovving for this year and last year: c. e. g. Working capital. The current ratio. Note: Round your final answers to 2 decimal places. The acid-test ratio. Note: Round your final answers to 2 decirnal places. The average collection period. (The accounts receivable at the beginning Of last year totaled Note: Use 365 days in a year. Round your intermediate calculations and final answers to 2 decirnal place. The average sale period. (The inventory at the beginning of last year totaled $1,930,000.) Note: Use 365 days in a year. Round your interrnediate calculations and final answers to 2 decirnal place. The operating cycle. Note: Round your interrnediate calculations and final answers to 2 decirnal place. The total asset turnover. (The total assets at the beginning of last year totaled Note: Round your final answers to 2 decirnal places. VVorking capital The Current ratio The acid-test ratio The average collection period The average sale period f. The operating cycle g. The total asset turncwer days days days days Problem 16-15 (Algo) Comprehensive Ratio [The following information applies to the questions displayed below.] Lydex Company's financial statements for the last two years are as follows: Lydex Company Compa rat ive Ba lance Sheet This Assets Current assets: Cash Yea r Last Year Ma r ketable securities Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets Liabilities and Stockholders Cur rent liabilities Note payable, Total liabilities Stockholders' equity: Equity 7 Reconciliation 2, 3, 3,5, 6, g, g, $ 16,22, 3, 6, 51 7,5, 1,21. 8, 71, $ 1, l, 1, 4, 2, , 4, 98, 8, 95, 3, , 78 7, 5, 8, 15, 13 , 93, 5 Year Common stock, $75 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Lydex Company Comparative Income Statement and This Year Last Sates (all on account) Cost of goods sold Gross margin Selling and administrative Net ope rating income Interest expense Net income before taxes Income taxes (30%) Net income Common dividends Net income retained Beg ing retained ea ings End ing retained ea rnings expenses $ 15, 76, 12, 68, 3, 152, 1, 592, 1, 56, 1, 2 , 36 28 65 1,21, 9, 435, 3, 145, 1, 564, 1, 581, 1, 281, 384 3 448 35 21 65
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