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Racod an tho followinn Ralanco Shoot and Inramo etatement for M/indenr Based on the following Balance Sheet and Income Statement for Windsor Manufacturing lnc, calculate
Racod an tho followinn Ralanco Shoot and Inramo etatement for M/indenr
Based on the following Balance Sheet and Income Statement for Windsor Manufacturing lnc, calculate the following financial ratios. In addition, comment on the Current Ratio and Acid-Test Ratio e Balance Sheet for Windsor Manufacturing: As of Dec. 31 2019 in $000s Assetse Current assetse Cashe GICse Accounts receivable Inventoriese Prepaid expensese Total current assetse Long-term assetse Lande Plant and equipmente Less accumulated depreciatione Net plant and equipmente Total long-term assetse Total assetse Liabilitiese Current liabilitiese Accounts payablee Accrued wagese Working capital Ioane Total current liabilitiese Long-term liabilitiese Deferred income taxese Mortgagee Long-term bondse Total long-term liabilitiese Common sharese Contributed capitale Retained earningse Total owners' equity Total liabilities and owners' ui Income Statement for Windsor Manufacturing: Month endin Dec 31 2019 in SOOOS 22 10 25 1100 1200 65 46 00 800 18 55 -900 955 17 55 63 55 7 50 235 210 11 95 25 4 45 3 35 805 23 25 1200 8 30 43 55 63 55 Net salese Cost of goods solde Gross profi te Operating expensese Selling expensese Depreciation expensee General expensee Interest expense Total expensese Net income before taxese Income taxese Net income after taxese Current Ratio = ? Acid-Test Ratio = ? e Equity Ratio = ? Inventory-turnover Ratio = ? Return-on-Assets Ratio = ? Return-on-Equity Ratio = ? 965 57 39 14 6 7 81 25 26 135 9 40 Comment on Current Ratio and Acid-Test Ratio: (hint: address whether these two ratios meet the acceptable range discussed in class
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