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Simon is looking over the annual report from Rocky Mountain Bicycles (RMB), a manufacturer of mountain bikes. RMB has placed an order with Simons employer

Simon is looking over the annual report from Rocky Mountain Bicycles (RMB), a manufacturer of mountain bikes. RMB has placed an order with Simons employer and he is trying to get a better handle on RMBs finances to determine RMBs credit worthiness.

He has to make four calculations. (Calculate all of the answers to two (2) decimal places.)

-Gross margin %

-Inventory turns

-Quick ratio

-Current ratio

Cash CAD $ 1,006,024.60
Short-term investment certificates CAD $ 83,455.82
Investments in shares and bonds CAD $ 67,014.90
Accounts Receivable CAD $ 42,229.95
Finished Goods Inventory CAD $ 497,772.48
Work in Process (WIP) Inventory CAD $ 56,201.00
Raw Materials Inventory CAD $ 73,597.24
Other current assets CAD $ 62,017.73
Property and equipment, net CAD $ 644,825.28
Right-of-use lease assets CAD $ 634,490.88
Goodwill and intangible assets, net CAD $ 23,934.54
Deferred income tax assets CAD $ 30,491.95
Other non-current assets CAD $ 59,573.06
Accounts payable CAD $ 87,196.73
Accrued compensation and related expenses CAD $ 135,024.88
Current lease liabilities CAD $ 140,061.73
Current income taxes payable CAD $ 24,849.84
Unredeemed gift card liability CAD $ 125,229.52
Other current liabilities CAD $ 117,540.42
Non-current lease liabilities CAD $ 587,005.44
Non-current income taxes payable CAD $ 50,155.04
Deferred income tax liabilities CAD $ 42,129.04
Other non-current liabilities CAD $ 6,099.64
Annual COGS CAD $ 1,808,587.30
Annual Sales CAD $ 3,700,745.28

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