Required information RWP 1 2 - 1 ( Algo ) Great Adventures Continuing Case [ The following
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RWPAlgo Great Adventures Continuing Case
The following information applies to the questions displayed below.
Income statement and balance sheet data for Great Adventures, Incorporated, are provided below.
tabletableGREAT ADVENTURES, INCORPORATEDIncome StatementFor the Year Ended December Net sales revenues,,$Interest revenue,,Expenses:Cost of goods sold,$Operating expenses,Depreciation expense,Interest expense,Income tax expense,Total expenses,,Net income,,$
tabletableGREAT ADVENTURES, INCORPORATEDBalance SheetsDecember and AssetsCurrent assets:Cash$$Accounts receivable,InventoryOther current assets,Longterm assets:LandBuildingsEquipmentAccumulated depreciation,Total assets,$$Liabilities and Stockholders' EquityCurrent liabilities:Accounts payable,$$Interest payable,Income tax payable,Other current liabilities,Notes payable currentNotes payable longtermStockholders equity:Common stock,Paidin capital,Retained earnings,Treasury stock,Total liabilities and stockholders' equity,$$
As you can tell from the financial statements, was an especially busy year. Tony and Suzie were able to use the money received from borrowing and the issuance of stock to buy land and begin construction of cabins, dining facilities, ropes course, and the outdoor swimming pool. They even put in a baby pool to celebrate the birth of their first child.
RWPAlgo Great Adventures Continuing Case Part
Required:
Calculate the following risk ratios for Use days in a year. Round your intermediate calculations and final answers to decimal place.
tablea Receivables turnover ratio. Hint: Use net sales revenues for net credit sales.timesb Average collection period.,,daysc Inventory turnover ratio.,times,d Average days in inventory.,days,e Current ratio.,,f Acidtest ratio. Hint: There are no current investments.g Debt to equity ratio.,,h Times interest earned ratio.,times,
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