Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 4-6 (similar to) 3 of 9 (4 complete) (Ratio analysis) The balance sheet and income statement for the A. Thiel Mig Company are given

image text in transcribed
image text in transcribed
image text in transcribed
Problem 4-6 (similar to) 3 of 9 (4 complete) (Ratio analysis) The balance sheet and income statement for the A. Thiel Mig Company are given in the popup window. Calculate the following ratio: a. Current ratio b. Operating return on assets c. Times interest eamed d. Debt ratio e Inventory turnover 1. Average collection period g. Total asset tumover h. Fixed asset tumover 1. Operating proht margin Return on equity a. The current ratio X (Round to two decimal places) 0 Data Table for the A A. Thiel Mfg. Company Balance Sheet (5000) Cash Accounts receivable Inventories Current assets Net fixed assets Total assets $ 502 2,025 1.006 $ 3,533 4.511 $ 8,044 laces.) Accounts payable Accrued expenses Short-term notes payable - Current liabilities Long-term debt Owners' equity Total liabilities and owners' equity $ 1.120 579 303 $ 2.002 1.982 4.060 $ 8.044 (Click on the icon located on the top-right corner of the data table above in order to copy its contents into a spreadsheet.) Print Dono JUI 3 (4 complete) i Data Table A Total liabilities and owners' equity $ 8,044 (Click on the icon located on the top-right corner of the data table above in order to copy its contents into a spreadsheet.) A. Thiel Mfg. Company Income Statement ($000) Net sales (all credit Cost of goods sold Gross profit Operating expenses (includes $502 depreciation) Operating income Interest expense Earnings before taxes Income taxes (40%) Net income $ 8,023 (3.304) $ 4.719 (2,981) $ 1,738 (355) $ 1.383 (553) $ 830 (Click on the icon located on the top-right comer of the data table above in order to copy its contents into a spreadsheet.) Deck And Print

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

Successful Fundraising For Arts And Cultural Organizations

Authors: Carolyn S. Friedman, Karen B. Hopkins

2nd Edition

1573560294, 978-1573560290

More Books

Students also viewed these Finance questions

Question

When is it appropriate to use a root cause analysis

Answered: 1 week ago