SECTION B - QUESTION 4 L Based on the financial statements for BISON Corp., Calculate five ratios, one from each group. State the ratio you have calculated in the space below. Show your formulas, calculations, and result. (10 points) . Compare each calculated ratio with the corresponding industry average (see table below) to determine whether the firm's indicated performance is 'good' or 'bad and provide the justification for your determination. (10points) Use the following Financial Statements and Industry Averages to answer each part of this Question 4: (NOTE: If you do not see the statements and table below, click the links to access a file of the same: Link in Google - https://drive.google.com/file/d/1xdfljyvahGEmOZYZA SPxE JAK2_173./view?use sharing Link in LuminPDF - https://app.luminpdf.com/viewer/51656fe99ab45b00129e17b4 BISON Corporation Balance Sheet as of December 31, 2013 ($ in millions) Assets Labilities and Owners' Equity Current Assets: Current Liabilities: Cash $1,500 Accounts payable $1,200 Accounts rec 2,500 Notes payable 2.600 Inventory 1.400 Total current assets $5,400 Total current liabilities $3,800 Long-term debt Fixed Assets: 6,000 Net fixed assets 19,000 Owners' Equity Common stock Retained earnings Total equity Total liabilities and equity 6,000 8.600 $14,600 $24.400 Total assets $24.400 BISON Corporation O 19 HD Type here to search DISON Corporation 2013 Income Statement $ In millons) Net sales Cost of goods sold Depreciation Eamings Before Interest and taxes Interest paid Taxable income Taxes (30%) Net income Dividends paid $800 Addition to retained earnings $740 No of shares outstanding Stock price $15,000 9,500 2.500 $3,000 800 $2,200 660 $1.540 1,200 $12.00 Current ratio Quick ratio Total asset turnover Total debt ratio Industry averages 1.89 times Inventory turnover 1.05 Net profit margin 1.28 Return on asset .61 Price earnings ratio 1.28 6.47% 13.21% 2.26 Tyne here to search O Industry ever Quick ratio Total set tumOver Total debt ratio Times Interest camed Net pronta Return on at Price earnings ratio Market to book value .61 9.83 13215 2.25 2.22 RIGHT CLICK on the link in the boxes below to open thee in Google OR Lumin pd LINKS TO FORMULA SHEET: UNKS TO FACTOR TABLES: Formula Sheet in Google Factor Tables in Google Emma Sheet in LuminPDE Factor Tables in LuminPDE BOTR LINKS POINT TO THE SAME FORMULA SHEET OR FACTOR TABLES, RESPECTIVELY. SHOW YOUR WORK WITH FORMULAS, CALCULATIONS, AND RESULT IN THE SPACE BELOW. ROUND YOUR ANSWER TO TWO DECIMAL PLACES. Group A ratios: 1. Calculate ONE ratio in this group.(2 points); a Current Ratio OR b Quick Ratio Il Explain the result (2 points): . Is the performance of that ratio, compared to the industry. Good or Bad? Why? AND Group B ratios: O DI Type here to search Calcutate ONE this group inointi Current Rata OR QUR Enlain the result(2 points: Is the performance of that ratio, compared to the industry. Good or Bad? Why? AND Group B ratios: 1. Calculate ONE ratio in this EUR.(2.points): Total Debt Ratio OR d Times Interest Earned Ratio II Explain the result (2 points); Is the performance of that ratio, compared to the industry. Good or Bad? Why? AND Group C ratios: 1 Calculate ONE ratio in this group.(2.points) e Inventory Turnover OR T. Total Asset Tumover O Type here to search SECTION B - QUESTION 4 L Based on the financial statements for BISON Corp., Calculate five ratios, one from each group. State the ratio you have calculated in the space below. Show your formulas, calculations, and result. (10 points) . Compare each calculated ratio with the corresponding industry average (see table below) to determine whether the firm's indicated performance is 'good' or 'bad and provide the justification for your determination. (10points) Use the following Financial Statements and Industry Averages to answer each part of this Question 4: (NOTE: If you do not see the statements and table below, click the links to access a file of the same: Link in Google - https://drive.google.com/file/d/1xdfljyvahGEmOZYZA SPxE JAK2_173./view?use sharing Link in LuminPDF - https://app.luminpdf.com/viewer/51656fe99ab45b00129e17b4 BISON Corporation Balance Sheet as of December 31, 2013 ($ in millions) Assets Labilities and Owners' Equity Current Assets: Current Liabilities: Cash $1,500 Accounts payable $1,200 Accounts rec 2,500 Notes payable 2.600 Inventory 1.400 Total current assets $5,400 Total current liabilities $3,800 Long-term debt Fixed Assets: 6,000 Net fixed assets 19,000 Owners' Equity Common stock Retained earnings Total equity Total liabilities and equity 6,000 8.600 $14,600 $24.400 Total assets $24.400 BISON Corporation O 19 HD Type here to search DISON Corporation 2013 Income Statement $ In millons) Net sales Cost of goods sold Depreciation Eamings Before Interest and taxes Interest paid Taxable income Taxes (30%) Net income Dividends paid $800 Addition to retained earnings $740 No of shares outstanding Stock price $15,000 9,500 2.500 $3,000 800 $2,200 660 $1.540 1,200 $12.00 Current ratio Quick ratio Total asset turnover Total debt ratio Industry averages 1.89 times Inventory turnover 1.05 Net profit margin 1.28 Return on asset .61 Price earnings ratio 1.28 6.47% 13.21% 2.26 Tyne here to search O Industry ever Quick ratio Total set tumOver Total debt ratio Times Interest camed Net pronta Return on at Price earnings ratio Market to book value .61 9.83 13215 2.25 2.22 RIGHT CLICK on the link in the boxes below to open thee in Google OR Lumin pd LINKS TO FORMULA SHEET: UNKS TO FACTOR TABLES: Formula Sheet in Google Factor Tables in Google Emma Sheet in LuminPDE Factor Tables in LuminPDE BOTR LINKS POINT TO THE SAME FORMULA SHEET OR FACTOR TABLES, RESPECTIVELY. SHOW YOUR WORK WITH FORMULAS, CALCULATIONS, AND RESULT IN THE SPACE BELOW. ROUND YOUR ANSWER TO TWO DECIMAL PLACES. Group A ratios: 1. Calculate ONE ratio in this group.(2 points); a Current Ratio OR b Quick Ratio Il Explain the result (2 points): . Is the performance of that ratio, compared to the industry. Good or Bad? Why? AND Group B ratios: O DI Type here to search Calcutate ONE this group inointi Current Rata OR QUR Enlain the result(2 points: Is the performance of that ratio, compared to the industry. Good or Bad? Why? AND Group B ratios: 1. Calculate ONE ratio in this EUR.(2.points): Total Debt Ratio OR d Times Interest Earned Ratio II Explain the result (2 points); Is the performance of that ratio, compared to the industry. Good or Bad? Why? AND Group C ratios: 1 Calculate ONE ratio in this group.(2.points) e Inventory Turnover OR T. Total Asset Tumover O Type here to search