Rainbird Car Wash Company had the following current assets and current liabilities at the end of two recent years: Compute a horizontal analysis on the selected accounts: Cash and cash equivalents Short-term investments, at cost Accounts and notes receivable, net Inventories Prepaid expenses and other current assets. Short-term obligations Accounts payable 1. Current ratio. 2. Quick ratio Current Year (in millions) $3,931 2,792 8,877 1,755 585 312 7,488 a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place. Current Year Previous Year 1. Inventory turnover 2. Number of days' sales in inventory % Change Inventory Analysis Rainbird and Menards compete with each other in selling car care products. Selected financial information for both companies from recent financial statements follows (in millions): Rainbird Menards $56,940 44,754 Previous Year (in millions) $4,041 Sales $120,357 Cost of goods sold 92,385 Inventory, beginning of period 6,317 Inventory, end of period 7,490 a. Determine for both companies (1) the inventory turnover and (2) the number of days' sales in inventory. Round your calculations and answers to one decimal place. Assume 365 days a year. Rainbird Menards 1,382 1,404 7,504 7,697 2,341 866 3,314 7,376 days days Solvency/Profitability The balance sheet for Rainbird Car Wash Company at the end of the current fiscal year indicated the following: Bonds payable, 8% $5,000,000 Preferred $4 stock, $50 par 2,500,000 5,000,000 Common stock, $10 par Income before income tax expense was $3,000,000, and income taxes were $1,200,000 for the current year. Cash dividends paid on common stock during the current year totaled $1,200,000. The common stock was sellin Determine each of the following. Round to one decimal place, except for dollar amounts which should be rounded to the nearest whole cent. Use the rounded answers for subsequent requirements, if required. a. Earnings per share on common stock b. Price-earnings ratio . Dividends per share of common stock Write a 350-500 word APA formatted paper explaining the analysis completed and what the values mean. Use at least three credible sources to support your statements.

Rainbind Car Wabl Coerpany had the following curtat assets and curtcut liabilitics af the and of two tecest years: Compule a horizonal analysis on the selected accounts a. Farnitge per share on commos slosk b. Priceearmings atio c. Dividends per stare of common sivel