Question
reference Salish Software Solutions Company profitability and solvency position based on February 28, 2023 Balance Sheet and Profit& Loss Reports used for financial ratios assignment
reference Salish Software Solutions Company profitability and solvency position based on February 28, 2023 Balance Sheet and Profit& Loss Reports used for financial ratios assignment this week.
Explain some of the financial ratios and future effects with possible business outcomes. Include your findings and conclusion about Salish Software Solutions and computer service industry. Needs to identify some of the companys strengths, weakness and future opportunities from the company financial reports and your web based search.
Answer at least two of the following questions in your initial discussion posting:
How successful do you think Salish Software Solutions will be?
What is the future of computer services businesses including some of your assignment analysis?
Identify how fluctuations in our economy effects a computer service business including information about Salish Software Solutions?
What are financial risks of operating Salish Software Solutions or a similar business?
this is information from financial analysis
A/R Turnover = 19.32
Current Ratio = 5.57
Days in A/R = 18.89
Days in Inventory = 1520.83
Debt to Assets Ratio = 22.2%
Debt to Equity Ratio = 28.5%
Gross Profit Margin = 47.2%
Inventory Turnover Ratio = 24.2%
Net Profit Margin = 63.5%
Quick Ratio = 3.74
Return on Equity = 47.5%
Working Capital = 19834.3
balance sheet and profit & loss
Salish Software Solutions Ralaneo Choot \begin{tabular}{lrr} 280 Note Payable & & 2,862.50 \\ \cline { 2 - 3 } Total Long-Term Liabilities & $ & 2,862.50 \\ \cline { 2 - 3 } Total Liabilities & $ & 7,205.70 \\ Equity & & 2,000.00 \\ 300 Common Stock & (4,500.00) \\ 345 Dividends & 16,158.00 \\ 350 Retained Earnings & & 11,613.80 \\ Net Income & $5,271.80 \\ Total Equity & $ & 32,477.50 \end{tabular} Salish Software Solutions Profit and Loss January - February (2 months), 2023 \begin{tabular}{lrr} Total 650 Taxes, Insurance, and Professional Fe & $ & 1,305.00 \\ 660 Workshop Costs & 600.00 \\ 661 Space rental expense & 150.00 \\ 662 Workshop supplies expense & 100.00 \\ 665 Workshop helpers & $ & 850.00 \\ \hline Total 660 Other Costs & & 39.80 \\ 690 Other Costs & $ & 39.80 \\ 691 Bank service charges & $ & 5,317.92 \\ Total 690 Other Costs & $ & 12,019.08 \end{tabular} Other Expenses 700 Interest expense Total Other Expenses Net Other Income Net Income \begin{tabular}{rr} & 24.43 \\ \hline$ & 24.43 \\ \hline$ & (24.43) \\ \hline$ & 11,994.65 \end{tabular}Step by Step Solution
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