Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The balance sheet and income statement for Joe's Fish Hut are presented below: Complete the following ratio analysis. Do not enter dollar signs or commas
The balance sheet and income statement for Joe's Fish Hut are presented below: Complete the following ratio analysis. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. a) Calculate the gross profit margin for the 2020 . Gross Profit Margin: % b) Calculate the times interest earned ratio for 2020 . Times Interest Earned: times C) Calculate the net profit margin for 2020 . Net Profit Margin: % d) Calculate the return on equity for 2020 . Return on Equity: % e) Calculate the return on assets for 2020 . Return on Assets: % f) Calculate the asset turnover ratio for 2020 . Asset turnover: times g) Calculate the current ratio for 2020 . Current Ratio: h) Calculate the auick ratio for 2020 . Quick Ratio: i) Calculate the debt to equity ratio for 2020 . Debt to Equity Ratio: j) Calculate the days sales outstanding ratio for 2020. Assume all sales are credit sales. Days sales outstanding: days k) Calculate the accounts receivable turnover for 2020. Assume all sales are credit sales Accounts Receivable turnover: times I) Calculate the days' sales in inventory ratio for 2020 . Days' Sales in Inventory: days m) Calculate the inventory turnover for 2020 . Inventory turnover: times n) Calculate the debt to assets ratio for 2020 . Debt to Assets Ratio: % o) Calculate the working capital for 2020 . Working Capital
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started