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please provide steps and handwriting Question A3 Venture Company and Pioneer Company are competitors within the same industry. financial statements are listed as follows: Balance
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Question A3 Venture Company and Pioneer Company are competitors within the same industry. financial statements are listed as follows: Balance sheet as at Dec 31st 2019 Venture Pioneer $ Current assets Cash Accounts receivable Inventories Total current assets Fixed assets (net) Total assets 22,900 38,100 70,200 131,200 1,057,600 1.188.800 35,400 47,200 39.200 121,800 1,287,000 1.408.800 Current Liabilities Long-term liabilities Total liabilities 92,700 782,900 875,600 68,400 787,800 856,200 Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 40,000 273,200 313,200 1,188,800 300,000 252,600 552,600 1.408.800 Income Statement for the year ending Dec 31" 2019 Venture Pioneer $ $ Net sales 1,507,900 1,990,000 Cost of goods sold (301,580) (417,900) Operating expenses (952,820) (1.272,100) Income before interest and tax 253,500 300,000 Interest (84,000) (90,000) Income tax (74,500) (81,000) Net income 95,000 129,000 Additional information for vear ending 2019 Venture Pioneer Number of common shares outstanding 40,000 30,000 Question A3 (continued) Required: (a) Compute the following missing ratios for each company. Present your answers by copying the table below onto your answer sheet. Express your final answers correct to two decimal places (while taking full decimal places for all the middle steps). (15 marks) Venture Pioneer Liquidity: Current Ratio 1.78 Quick Ratio 0.66 10.66 Assets efficiency: Inventory Turnover Days' Sales in Receivables Total Asset Turnover Financing: Equity Multiplier Times Interest Earned 6.30% 6.48% Operating profitability: Profit Margin (%) Return on Assets (%) Return on Equity (%)Step by Step Solution
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