Return to question Looking back over the last few years, it is clear that Nicole Mackisey has accomplished a lot running her business, Nicole's Getaway Spa (NGS). Nicole is curious about her company's performance as she compares its financial statements 2618 2817 2816 Balance Sheet Cash Accounts Receivable, Net Inventory Prepaid Expenses Other Current Assets 2.83 points $7,10 4,602 $4,289 2,680 1,7ee 280 223 8,400 29,880 2,268 1,300 838 328 2,768 3,100 1,13e 37e Total Current Assets Property and Equipment, Net 11,90e 81,688 66,808 Total Assets Current Liabilities Long-Term Liabilities $77,75e $92,9e8 $37,480 $8,80e $8,8ee 9,889 14,700 24,580 11,98e 1,600 12,980 $77,759 $92,98 $37,488 Total Liabilities Common Stock Retained Earnings 35,700 44,5ee 26,988 58,788 59,58e 31,868 2,488 33,488 Total Stockholders Equity 33,25e Total Liabilities and Stockholders' Equity Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Income from Operations $81,000 $57,00e $45,600 35,688 9,489 7,100 2,3e0 65,60e 48,60e 8,468 2,10e 6,3ee 4,108 11,300 Mc Prex. 7 of 7 Next Hill Return to question Current Liabilities Long-Term Liabilities 8,808 5e,7ee 59,50e 31,0e8 2,488 33,400 $77,75e $92,9e2 $37,480 $ 8,80e 35,708 44,50e 26,80e 7,25e 33,258 9,880 14,789 24,500 11,98e 1,68e 12,900 Total Liabilities Common Stock Retained Earnings Total Stockholders' Equity 2.83 points Total Liabilities and Stockholders' Equity Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Income from Operations Interest Expense Income before Income Tax Expense Income Tax Expense Net Income $81,98 $57,88 $45,689 35,600 65,6045 09,48 48,60e 8,488 2,100 15,40e 4,10e 7,189 -ee 11,36e 1 ,860 1e,248 3,158 6, 300 3,16e 3,140 2,300 860 1,440 689 968 $7,09e 2,248 840 Required 1-a. Calculate the gross profit percentage, return on equity, and fixed asset turnover ratio for 2018 and 2017 1-b. Was NGS more profitable in 2018 or 2017? 2. Calculate the current ratio for 2018 and 2017 3-a. Calculate the debt-to-assets ratio and times interest earned ratio for 2018 and 2017 3-b. Was NGS more solvent in 2018 or 2017? Mc Prev 7 of 7 Next Return to question Answer is not complete. 2.83 points Complete this question by entering your answers in the tabs below Req 1A Req 1B Req 2 Req 3A Req 3B Calculate the gross profit percentage, return on equity, and fixed asset turnover ratio for 2018 and 2017. (Round your answers to 2 decimal places.) 2018 19.0101% 114.74 e % 21.32 % 2017 Gross Profit Percentage Return on Equity Fixed Asset Turnover Ratio Mc Graw Hill Prew 7 of 7 Next Return to question 7 3-a. Calculate the debt-to-assets ratio and times interest earned ratio for 2018 and 2017 3-b. Was NGS more solvent in 2018 or 2017? 2.83 poinls Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3A Req 3B Calculate the current ratio for 2018 and 2017. (Round your answers to 2 decimal places.) 2018 2017 Current Ratio Req 1B Req 3A > Mc Graw Hill Return to question 7 Answer is not complete. 2.83 points Complete this question by entering your answers in the tabs below Req 1A Req 1B Req 2 Req 3A Req 3B Calculate the debt-to-assets ratio and times interest earned ratio for 2018 and 2017. (Round your answers to 2 decimal places.) 2018 2017 Debt to Assets Ratio mes Interest Ratio Mc Graw Prey 70f 71 Next >
