Vetter Corporation Income Statement For the Year Ended Dec. 31. 2019 2019 2018 2017 2016 Sales 3,600,000 3,000,000 2,400,000 2,200,000 Cost of Goods Sold 3,000,000 2,500,000 1,754,000 1,600,000 Gross Profit 600,000 500,000 646,000 600,000 Selling and G&A Expenses 80,000 70,000 175.000 150.000 Fited Expenses 216,000 216,000 216,000 216,000 Depreciation Expense 66,000 64,000 62.000 60,000 EBIT 238,000 150,000 193,000 174,000 Interest Expense 58,890 58.000 48,300 46,000 Earnings Before Taxes 179,110 92,000 144,700 128,000 Taxes 71,644 36,800 57,880 51,200 Net Income 107,466 55,200 86,820 76,800 Notes: Tax Rate 40% for each year Vetter Corporation Balance Sheet As of Dec. 31, 2019 Assets 2019 Cash and Equivalents 498,000 Accounts Receivable 320,000 Inventory 500,000 Total Current Assets 1,318,000 Plant & Equipment 2,400,000 Accumulated Depreciation 912,000 Ner Fred Assets 1,488,000 Total Assets 2,806,000 Liabilities and Owner's Equity Accounts Payable 350,000 Short-term Notes Payable 100,000 Other Current Liabilities 667,100 Total Current Liabilities 1,117,100 Long-term Debt 488.900 Total Liabilities 1,606,000 Common Stock 600,000 Retained Earnings 600,000 Total Shareholder's Equity 1,200,000 Total Liabilities and Owner's Equity 2,806,000 2018 2017 2016 270,000 200,000 190,000 300,000 245,000 225,000 550,000 625,000 600,000 1.120,000 1,070,000 1,015,000 2,000,000 2,000,000 1,800,000 846,000 782,000 720,000 1,154,000 1,218,000 1,080,000 2,274,000 2,288,000 2,095,000 244,000 205,000 130,000 80,000 40,000 60,000 300,000 500,000 500,000 624.000 745,000 690,000 500,000 443,000 400,000 1,124,000 1,188,000 1,090,000 650,000 620,000 600,000 500,000 480,000 405,000 1.150,000 1.100.000 1.005.000 2,274,000 2,288,000 2,095,000 - 17:32 Mon 21 Dec 92% docs.google.com 2019 Analysis Ratio 2019 Liquidity Ratios Quick Rato 1.20 Leverage Ratios Total Debt Raso 23.00% Profitability Rates Net Hantaran Return on Total Assets 1. The Quick Ratio for Vetter corporation in the year 2019 was: a 0.73 b. 0.73% c. 0.73 X O d. 0.73 Days 2. The total debt ratio for Vetter corporation in the year 2019 indicates that a. 57.23% of sales was used to pay debt. b. 57.23% of assets was financed by debt. c. 57.23% of total debt are long term debts d. 57.23 % of total debt are short term debts 3. Based on the return on total assets ROA, the profitability analysis for the years 2019 and 2018 with the industry showed that: a. Vetter was in "OK" situation b. Vetter was in "Good" situation c. Vetter was in "Bad" situation d. Vetter used its assets in an efficient way ..the profit 4. The profit margin for Vetter corporation in the year 2018 was... margin in the year 2019 a. Greater than b. Less than c. Equal to. d. Less than or equal 5. The Vetter's dollar cost of capital for 2019 was* a. $250,446 O b. $142,800 O c. 14% d. $1,788,900 6. The economic profit (loss) for Vetter in 2018 was a. $152,200 b.($152,200) c. $90,000 d. $242,200
