Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please show all work to get all the ratios for quarter 4 and tbe year. ne Using the income statement and balance sheet given, please

please show all work to get all the ratios for quarter 4 and tbe year.
image text in transcribed
image text in transcribed
ne Using the income statement and balance sheet given, please calculate the fourth quarter and year ratios You must show your calculations to receive credit Qtr. 4 Year Current ratio Acid test ratio Accounts payable days Average collection period Inventory days Fixed asset turnover Total asset turnover Debt-equity Times interest earned Gross profit margin Net profit margin Return on assets Return on equity Show calculations here. Use back if needed Sales Cost of goods sold Gross profit Operating expenses Operating income Interest expense Earnings before taxes Provision for income taxes Net income Qtr. 1 17,262 13,134 4,128 2,808 1,320 108 1,212 603 609 Qtr. 2 23,799 18,132 5,667 3,330 2,337 129 2,208 1,101 1,107 Qtr. 3 23,595 18,099 5,496 3,558 1,938 87 1,851 921 930 Qtr. 4 20,706 15,267 5,439 3,753 1,686 150 1,536 849 687 Total 85,362 64,632 20,730 13,449 7,281 474 6,807 3,474 3,333 Cash Accounts recivables Inventory Other Total current assets Net fixed assets Other assets Total Notes payable Accounts payable Other Total current liabilities Long-term debt Equity Total Qtr. 1 1,983 9,882 18,165 24 30,054 1,635 1,272 32,961 1,002 8,601 2,649 12,252 5,628 15,081 32,961 Qtr. 2 1,488 12,165 19,104 51 32,808 1,911 1,248 35,967 2,334 9,666 2,274 14,274 5,499 16,194 35,967 Qtr. 3 1,353 11,895 18,936 87 32,271 1,953 1,203 35,427 1,641 8,649 2,922 13,212 5,091 17,124 35,427 Qtr. 4 1,677 11,754 20,133 60 33,624 2,028 1,203 36,855 1,563 8,550 3,774 13887 5,157 17,811 36,855

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

Money Talks Explaining How Money Really Works

Authors: Nina Bandelj ,Frederick F. Wherry ,Viviana A. Zelizer

1st Edition

0691202893, 978-0691202891

More Books

Students also viewed these Finance questions