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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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