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The Hill Company reported the following results: Year 3 Year 2 Year 1 Income Statement Revenue 10,972 11,598 10,470 Cost of Goods Sold 8,942 8,767
The Hill Company reported the following results:
Year 3 | Year 2 | Year 1 | |||
Income Statement | |||||
Revenue | 10,972 | 11,598 | 10,470 | ||
Cost of Goods Sold | 8,942 | 8,767 | 7,901 | ||
Selling, General & Admin. Expenses | 2,470 | 2,611 | 2,479 | ||
Interest expense | 76 | 80 | 28 | ||
Net Income | (516) | 140 | 62 | ||
Balance Sheet | |||||
Assets | |||||
Cash | 1,354 | 1,316 | 1,880 | ||
Prepaid expenses | 202 | 522 | 125 | ||
Accounts receivable | 375 | 250 | 231 | ||
Inventory | 745 | 698 | 455 | ||
Property & equipment (net) | 20,464 | 18,810 | 17,727 | ||
Total Assets | 23,140 | 21,596 | 20,418 | ||
Liabilities | |||||
Accounts payable | 2,824 | 743 | 678 | ||
Unredeemed gift cards | 410 | 850 | 636 | ||
Notes Payable | 15,457 | 18,048 | 17,024 | ||
Stockholders' Equity | |||||
Common Stock | 985 | 545 | 815 | ||
Retained Earnings | 3,464 | 1,410 | 1,265 | ||
Total Liabilities & Equity | 23,140 | 21,596 | 20,418 |
1. What is the company's days sales in inventory ratio for Year 2? Round your final answer to one decimal place.
2. What is the company's return on investment ratio for Year 1? Convert your final answer to a percentage, round to one decimal place and enter without the "%" sign (e.g. a final answer of 0.105678 would be entered as 10.6).
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