Question
the required task , you are required to prepare a small report. You should provide your answers by writing a short report. The assignment should
the required task, you are required to prepare a small report. You should provide your answers by writing a short report. The assignment should be handed in in Microsoft Office format. No hard copies are required for this assignmentFlybee Air constructs aircraft to order. The company canmanufacture an airplane in only five weeks using prefabricated parts. On each order, the company receives a deposit andanother partial payment before the order is completed. On the other hand, a commercial airplane may take one and a half to two years to manufacture after an order is placed. The financial statement information for the current year is listed below:
Accounts Payable
$ 1,039,168
Accounts Receivable
$ 2,228,356
Cash
$ 530,037
COGS
$ 21,758,220
Common Stock
$ 210,000
Depreciation
$ 952,300
Dividends
$ 297,660
Interest
$ 528,170
Inventory
$ 1,798,302
Long-term debt
$ 5,570,000
Net PP&E
$ 17,882,368
Notes Payable
$ 2,100,173
Other Expenses
$ 3,483,370
Retained Earnings
$ 1,519,722
Sales
$ 29,151,760
Assuming that this company does use a 35 percent tax rate. Please calculate the following ratios below.
1) Current ratio 2) Quick ratio 3) Cash ratio 4) Total asset turnover 5) Inventory turnover 6) Receivables turnover 7) Total debt ratio 8) Debt-equity ratio 9) Equity multiplier 10) Times interest earned 11) Cash coverage ratio 12) Profit margin 13) Return on assets 14) Return on equity 15) Retention ratio 16) Internal growth rate 17) Sustainable growth rate
Flybee Air constructs aircraft to order. The company canmanufacture an airplane in only five weeks using prefabricated parts. On each order, the company receives a deposit andanother partial payment before the order is completed. On the other hand, a commercial airplane may take one and a half to two years to manufacture after an order is placed. The financial statement information for the current year is listed below:
Accounts Payable | $ 1,039,168 |
Accounts Receivable | $ 2,228,356 |
Cash | $ 530,037 |
COGS | $ 21,758,220 |
Common Stock | $ 210,000 |
Depreciation | $ 952,300 |
Dividends | $ 297,660 |
Interest | $ 528,170 |
Inventory | $ 1,798,302 |
Long-term debt | $ 5,570,000 |
Net PP&E | $ 17,882,368 |
Notes Payable | $ 2,100,173 |
Other Expenses | $ 3,483,370 |
Retained Earnings | $ 1,519,722 |
Sales | $ 29,151,760 |
Assuming that this company does use a 35 percent tax rate. Please calculate the following ratios below.
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