Question
This is literally all information provided on the question. Assume all net revenue are from credit sales. Using the above information, calculate the following ratios
This is literally all information provided on the question.
Assume all net revenue are from credit sales. Using the above information, calculate the following ratios for FY05 to FY02:
Current ratio
Quick ratio
Working capital
Days' sales in accounts receivable
Days' sales in inventory
Days' purchases in accounts payable
Net days' working capital
Long-term debt to assets ratio
Total debt-to-equity ratio
Total liabilities to total assets
Note: Use average inventory, average accounts receivable, and average accounts payable in the calculation of days' sales in inventory, days' sales in accounts receivable, and days' purchases in accounts payable respectively.
Prior Annual Results FY03 FY05* FY04 FY02 FY01* $49,205 $41,444 S35,404 $31,168 $31,888 18.7% 40,190 9,015 4.298 463 13.6% 29,055 6,349 3,050 455 -23% 25,661 5,507 2.784 452 482 3.718 1,789 26.2% 25.445 6,443 3.193 482 105 3.780 2,663 33,892 7,552 3.544 464 4.761 4,254 4,008 3,544 3,505 2,844 191 180 183 (58) 531 4.445 1 402 3.724 1079 3,027 905 1731 485 3.194 958 59 $ 3,043 S 2,645 S 2.122 S 1,246 15 09% 24 69 70 3% -42 8 30 70% Prior Annual Results FY03 FY05* FY04 FY02 FY01* $49,205 $41,444 S35,404 $31,168 $31,888 18.7% 40,190 9,015 4.298 463 13.6% 29,055 6,349 3,050 455 -23% 25,661 5,507 2.784 452 482 3.718 1,789 26.2% 25.445 6,443 3.193 482 105 3.780 2,663 33,892 7,552 3.544 464 4.761 4,254 4,008 3,544 3,505 2,844 191 180 183 (58) 531 4.445 1 402 3.724 1079 3,027 905 1731 485 3.194 958 59 $ 3,043 S 2,645 S 2.122 S 1,246 15 09% 24 69 70 3% -42 8 30 70%Step by Step Solution
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