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- Wally is impressed by the quality of your analysis. He needs some additional help this time with evaluating how one of his company's - Timmy's Baked Goods (TBG) - is performing. TBG is a chain of bakeries operating across Canada. Wally has asked you to perform some financial statement analysis. He asks that you look at how the company has performed relative to history and industry benchmarks. He wants you to calculate the following ratios for each of 2018, 2019 and 2020, using the data he provides below. Be sure to comment on what you think the results mean. He has also included industry information that you can use in your analysis. Note that for the ROA and ROE, you should use the average total assets and the average total equity in your calculations. For turnover ratios, please also use the average. (e.g., for Accounts Receivable Turnover, take Credit Sales / Average Accounts Receivable for the year). 1. Current ratio 2. Account Receivable turnover days; all sales are credit sales 3. Accounts Payable turnover days 4. Debt ratio 5. Operating Profit margin 6. Return on Assets 7. Return on Equity Timmy's Baked Goods Comparative Income Statement ($M) for the years ended Dec 31, 2017 to Dec 31, 2020 Sales Cost of Goods Sold Gross Profit Selling and Admin Expenses Depreciation Operating Profit Interest Earnings before Traxes Taxes Net Income 2017 2018 2019 2020 $ 57.43 $ 59.89 $ 145.09 $ 158.67 $ 41.94 $ 42.09 $ 101.38 $ 111.91 $ 15.49 $ 17.80 $ 43.71 $ 46.76 $ 11.47 $ 12.01 $ 20.83 $ 25.11 $ 1.51 $ 2.71 $ 4.31 $ 4.18 $ 2.52 $ 3.08 $ 18.57 $ 17.48 $ 1.88 $ 2.51 $ 7.10 $ 4.94 $ 0.63 $ 0.57 $ 11.47 $ 12.54 $ 0.20 $ 0.18 $ 3.67 $ 4.01 $ 0.43 $ 0.39 $ 7.80 $ 8.53 in - Wally is impressed by the quality of your analysis. He needs some additional help this time with evaluating how one of his company's - Timmy's Baked Goods (TBG) - is performing. TBG is a chain of bakeries operating across Canada. Wally has asked you to perform some financial statement analysis. He asks that you look at how the company has performed relative to history and industry benchmarks. He wants you to calculate the following ratios for each of 2018, 2019 and 2020, using the data he provides below. Be sure to comment on what you think the results mean. He has also included industry information that you can use in your analysis. Note that for the ROA and ROE, you should use the average total assets and the average total equity in your calculations. For turnover ratios, please also use the average. (e.g., for Accounts Receivable Turnover, take Credit Sales / Average Accounts Receivable for the year). 1. Current ratio 2. Account Receivable turnover days; all sales are credit sales 3. Accounts Payable turnover days 4. Debt ratio 5. Operating Profit margin 6. Return on Assets 7. Return on Equity Timmy's Baked Goods Comparative Income Statement ($M) for the years ended Dec 31, 2017 to Dec 31, 2020 Sales Cost of Goods Sold Gross Profit Selling and Admin Expenses Depreciation Operating Profit Interest Earnings before Traxes Taxes Net Income 2017 2018 2019 2020 $ 57.43 $ 59.89 $ 145.09 $ 158.67 $ 41.94 $ 42.09 $ 101.38 $ 111.91 $ 15.49 $ 17.80 $ 43.71 $ 46.76 $ 11.47 $ 12.01 $ 20.83 $ 25.11 $ 1.51 $ 2.71 $ 4.31 $ 4.18 $ 2.52 $ 3.08 $ 18.57 $ 17.48 $ 1.88 $ 2.51 $ 7.10 $ 4.94 $ 0.63 $ 0.57 $ 11.47 $ 12.54 $ 0.20 $ 0.18 $ 3.67 $ 4.01 $ 0.43 $ 0.39 $ 7.80 $ 8.53 in