two rivers manufactures a variety of products. the companys founders have run the company for thirty years to wvaluate finacial stability tri has requested to provide the latest finacial statements and selected finacial ratios

rences Mailings ACC561r7_TRI_Documents_week1_bb (Protected View) - Microsoft View Review net location and might be unsafe. Click for more details. TWO-Rivers Inc. (TRI) manufactures a variety of consumer products. The company's the company for thirty years and are now interested in retiring. Consequently, they ar purchaser, and a group of investors is looking into the acquisition of TRI. To evaluate TRI was requested to provide its latest financial statements and selected financial rati information provided by TRI is presented below. TRI Statement of Income For the Year Ended November 30, Year 2 (In thousands) $31.000 Sales (net)... Costs and expenses: Cost of goods sold Selling and administrative expense... Depreciation and amortization expense. Interest expense Total costs and expenses Income before taxes Income taxes Net Income 17,600 3,550 1,890 900 23.940 7,060 2.900 $ 4.160 ACC56117 TRI Documents weekl_bb (Protected View) - Microsoft Word View References Mailings Review Internet location and might be unsafe. Click for more details. Enable Editing Common stock S(1 par value). 2,700 Paid-in capital in excess of par 1,000 Retained eamings... 5.000 Total stockholders' equity 8.700 Total liabilities and stockholders' equity..... $17.000 2.700 1.000 4.900 8 600 $16.000 Selected Financial Ratios TRI TRI Year 1 Year 0 Current ratio 1.62161 Acid-test ratio 0.63 0.64 Times interest earned ... 850 8.50 8.55 Debt to equity 1.02 0.94 Inventory turnover 3.213 .17 Industry Average 163 0.68 8.45 1.03 3.18 Required: a. Calculate the select financial ratios for the fiscal year Year 2. (use MS word or excel but excel is mo recommended) b. Interpret what each of these financial ratios means in terms of TRI's financial stability and operating efficiency Click the Assignment Files tab to submit your assignment Purpose of Assignment This activity helps students recognize the significant role accounting plays in providing financi information to management for decision making through the evaluation of financial statements experiential assignment requires students to use ratios to evaluate and analyze a company's li solvency, and profitability. TWO-Rivers Inc. (TRI) manufactures a variety of consumer products. The company's founders hat the company for thirty years and are now interested in retiring. Consequently, they are seeking a purchaser, and a group of investors is looking into the acquisition of TRI. To evaluate its financial TRI was requested to provide its latest financial statements and selected financial ratios. Summary information provided by TRI is presented below. TRI Statement of Income For the Year Ended November 30. Year 2 (in thousands) Sales (net). $31.000 Costs and expenses Cost of goods sold 17 600 Selling and administrative expense 3.550 1890 Depreciation and amortization expense Interest expense 900 23.940 Total costs and expenses ACC56117 TRI_Documents week1_bb (Protected View) - Microsoft Word View ferences Mailings Review ternet location and might be unsafe. Click for more details. Enable Editing LITO Canyonycars Cow SC Woww.. consequency, Wey GK purchaser, and a group of investors is looking into the acquisition of TRI To evaluate its financial stabilit TRI was requested to provide its latest financial statements and selected financial ratios. Summary information provided by TRI is gresented below TRI Statement of Income For the Year Ended November 30. Year 2 (In thousands) 21 on Sales (net)............... ....... .. 31.000 Costs and expenses: Cost of goods sold.......................... 17.000$ Selling and administrative expense............. 3,550 Depreciation and amortization expense.. .8901 Interest expense................. - 900 Total costs and expenses.............. 23.940 Income before taxes.......................... 7.000 income taxes...... ... .... 29001 Net Income... rences Mailings ACC561r7_TRI_Documents_week1_bb (Protected View) - Microsoft View Review net location and might be unsafe. Click for more details. TWO-Rivers Inc. (TRI) manufactures a variety of consumer products. The company's the company for thirty years and are now interested in retiring. Consequently, they ar purchaser, and a group of investors is looking into the acquisition of TRI. To evaluate TRI was requested to provide its latest financial statements and selected financial rati information provided by TRI is presented below. TRI Statement of Income For the Year Ended November 30, Year 2 (In thousands) $31.000 Sales (net)... Costs and expenses: Cost of goods sold Selling and administrative expense... Depreciation and amortization expense. Interest expense Total costs and expenses Income before taxes Income taxes Net Income 17,600 3,550 1,890 900 23.940 7,060 2.900 $ 4.160 ACC56117 TRI Documents weekl_bb (Protected View) - Microsoft Word View References Mailings Review Internet location and might be unsafe. Click for more details. Enable Editing Common stock S(1 par value). 2,700 Paid-in capital in excess of par 1,000 Retained eamings... 5.000 Total stockholders' equity 8.700 Total liabilities and stockholders' equity..... $17.000 2.700 1.000 4.900 8 600 $16.000 Selected Financial Ratios TRI TRI Year 1 Year 0 Current ratio 1.62161 Acid-test ratio 0.63 0.64 Times interest earned ... 850 8.50 8.55 Debt to equity 1.02 0.94 Inventory turnover 3.213 .17 Industry Average 163 0.68 8.45 1.03 3.18 Required: a. Calculate the select financial ratios for the fiscal year Year 2. (use MS word or excel but excel is mo recommended) b. Interpret what each of these financial ratios means in terms of TRI's financial stability and operating efficiency Click the Assignment Files tab to submit your assignment Purpose of Assignment This activity helps students recognize the significant role accounting plays in providing financi information to management for decision making through the evaluation of financial statements experiential assignment requires students to use ratios to evaluate and analyze a company's li solvency, and profitability. TWO-Rivers Inc. (TRI) manufactures a variety of consumer products. The company's founders hat the company for thirty years and are now interested in retiring. Consequently, they are seeking a purchaser, and a group of investors is looking into the acquisition of TRI. To evaluate its financial TRI was requested to provide its latest financial statements and selected financial ratios. Summary information provided by TRI is presented below. TRI Statement of Income For the Year Ended November 30. Year 2 (in thousands) Sales (net). $31.000 Costs and expenses Cost of goods sold 17 600 Selling and administrative expense 3.550 1890 Depreciation and amortization expense Interest expense 900 23.940 Total costs and expenses ACC56117 TRI_Documents week1_bb (Protected View) - Microsoft Word View ferences Mailings Review ternet location and might be unsafe. Click for more details. Enable Editing LITO Canyonycars Cow SC Woww.. consequency, Wey GK purchaser, and a group of investors is looking into the acquisition of TRI To evaluate its financial stabilit TRI was requested to provide its latest financial statements and selected financial ratios. Summary information provided by TRI is gresented below TRI Statement of Income For the Year Ended November 30. Year 2 (In thousands) 21 on Sales (net)............... ....... .. 31.000 Costs and expenses: Cost of goods sold.......................... 17.000$ Selling and administrative expense............. 3,550 Depreciation and amortization expense.. .8901 Interest expense................. - 900 Total costs and expenses.............. 23.940 Income before taxes.......................... 7.000 income taxes...... ... .... 29001 Net Income