Question 1

At the end of 2017, Comfy Home is performing a ratio analysis. Using the financial statements provided, please calculate the following ratio for Comfy Home:

Gross profit margin

Note: Enter as a percentage and round your answer to two decimal places (e.g. for 10.25 percent, type "10.25").

Question 2

At the end of 2017, Comfy Home is performing a ratio analysis. Using the financial statements provided, please calculate the following ratio for Comfy Home:

Current ratio

Note: round your answer to two decimal places.

Question 3

At the end of 2017, Comfy Home is performing a ratio analysis. Using the financial statements provided, please calculate the following ratio for Comfy Home:

Days inventory

Note: round your answer to two decimal places.

Question 4

At the end of 2017, Comfy Home is performing a ratio analysis. Using the financial statements provided, please calculate the following ratio for Comfy Home:

Average collection period

Note: round your answer to two decimal places.

Question 5

At the end of 2017, Comfy Home is performing a ratio analysis. Using the financial statements provided, please calculate the following ratio for Comfy Home:

Days purchases outstanding

Note: round your answer to two decimal places.

Question 6

At the end of 2017, Comfy Home is performing a ratio analysis. Using the financial statements provided, please calculate the following ratio for Comfy Home:

Leverage ratio

Note: round your answer to two decimal places.

Question 7

At the end of 2017, Comfy Home is performing a ratio analysis. Using the financial statements provided, please calculate the following ratio for Comfy Home:

Debt-to-equity ratio

Note: round your answer to two decimal places.

Question 8

At the end of 2017, Comfy Home is performing a ratio analysis. Using the financial statements provided, please calculate the following ratio for Comfy Home:

Asset turnover

Note: round your answer to two decimal places.

Question 9

At the end of 2017, Comfy Home is performing a ratio analysis. Using the financial statements provided, please calculate the following ratio for Comfy Home:

Cash conversion cycle

Note: round your answer to two decimal places.

Question 10

At the end of 2017, Comfy Home is performing a ratio analysis. Using the financial statements provided, please calculate the following ratio for Comfy Home:

Interest coverage ratio

Note: round your answer to two decimal places.

COMFY HOME COMPANY Balance Sheet As of December 31, 2016 Current Assets: Cash Accounts receivable Inventories Prepaid expenses Total Current Assets $ $ $ $ 110,000 140,000 310,000 25,000 585,000 Current Liabilities: Accounts Payable Salaries and wages payable Current portion of bank loan Deferred revenue Total Current Liabilities $ $ $ $ 90,000 20,000 45,000 15,000 170,000 $ $ Non-Current Assets: Furniture and fixtures Buildings and property (Accumulated Depreciation) Total Non-Current Assets Non-Current Liabilities: Bank Loan Total Non-Current Liabilities $ 300,000 300,000 $ $ $ $ $ 120,000 450,000 (154,000) 416,000 Owners' Equity: Contributed Capital Retained earnings Total Equity $ $ 250,000 281,000 531,000 $ Total Assets $ 1,001,000 Total Liabilities and Owners' Equity $ 1,001,000