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Select the Income Statements and Balance Sheets of two corporations from the internet and calculate the following financial ratios: Long-term debt ratios Total debt ratio
Select the Income Statements and Balance Sheets of two corporations from the internet and calculate the following financial ratios:
- Long-term debt ratios
- Total debt ratio
- Times interest earned
- Cash coverage ration
- current ratio
- Quick ratio
- Operating profit margin
- Inventory Turnover
- Days in inventory
- Average collection period
- Return on equity
- Return on assets
- Payout rations
Compare the financial ratios you have calculated above
anser only for this company
BARRY'S SUPERSTORE Comparative Year-End Income Statements BARRY'S SUPERSTORE Comparative Year-End Balance Sheets Prior Year Current Year Prior Year Current Year Net Sales Cost of Goods Sold Gross Profit $100,000 50,000 50,000 $120,000 60,000 60,000 Assets: Cash Accounts Receivable Inventory Short-Term Investments Total Current Asstes Equipment Total Assets Rent Expense Depreciation Expense Salaries Expense Utility Expense 5,000 2,500 3,000 1,500 5,500 3,600 5,400 2,500 $90,000 20,000 35,000 15,000 160,000 40,000 $200,000 $110,000 30,000 40,000 20,000 200,000 50,000 $250,000 Operating Income 38,000 43,000 Interest Expense Income Tax Expense Net Income 3,000 5,000 $ 30,000 2,000 6,000 $ 35,000 Liabilities: Accounts Payable Unearned Revenue Total Current Liabilities Notes Payable Total Liabilities $ 60,000 10,000 70,000 40,000 110,000 $ 75,000 25,000 100,000 50,000 150,000 Stockholder Equity Common Stock Ending Retained Earnings Total Stockholder Equity Total Liabilities and Stockholder Equity 75,000 15,000 90,000 $200,000 80,000 20,000 100,000 $250,000Step by Step Solution
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