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Please help with d. , e. , f. , l. , m. , and n. Thank you! Some recent financial statements for Earl Grey Golf
Please help with d., e., f., l., m., and n.
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Some recent financial statements for Earl Grey Golf Corp. follow. Current assets. Cash Accounts receivable. Inventory Total Fixed assets Net plant and equipment Total assets Assets Sales Cost of goods sold Depreciation Net income Earnings before interest and tax Interest paid Taxable income Taxes (35%) EARL GREY GOLF CORP. 2017 and 2018 Statement of Financial Position Dividends Additions to retained earnings 2017 $ 24,255 $ 24,046 12,448 25,392 15,235 27,155 $ 61,886 $ 66,645 $324,695 2018 $386,581 EARL GREY GOLF CORP. 2018 Statement of Comprehensive Income $365,734 $432,379 $20,000 23,780 Current liabilities Accounts payable Notes payable Other Total Liabilities and Owners' Equity Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity $366,996 253,122 32, 220 $ 81,654 14,300 $ 67,354 23,574 $ 43,780 2017 $ 23,184 12,000 11,571 $ 46,755 $ 80,000 2018 $ 27,420 10,800 15,553 $ 53,773 $ 95,000 $ 40,000 $ 40,000 219,826 243, 606 $283,606 $259,826 $386,581 $432,379 Find the following financial ratios for Earl Grey Golf Corp. (use year-end figures rather than average values where appropriate): (Round the final answers to 2 decimal places.) Short-term solvency ratios: a. Current ratio. b. Quick ratio c. Cash ratio Asset utilization ratios: d. Total asset turnover e. Inventory turnover f. Receivables turnover Long-term solvency ratios: g. Total debt ratio. h. Debt-equity ratio i. Equity multiplier j. Times interest earned k. Cash coverage ratio Profitability ratios: 1. Profit margin m. Return on assets. n. Return on equity 0.90 x times 9.63 x times 26.51 x times 5.71 times 0.78 times 0.51 times 0.33 2017 0.49 1.49 2017 1.32 0.10 times 7.96 times 0.15 0.12 * % * % % times times 1.24 times 0.73 times 0.45 times 2018 2018 0.34 0.53 1.53 times timesStep by Step Solution
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