Using the financial information in the following tables, compute the required ratios list on the ratio analysis
Question:
Income Statement
Ratio Analysis
Income statementblank
Transcribed Image Text:
ABC COMPANY INCOME STATEMENT FOR THE PERIOD ENDED DECEMBER 31, 2012 2012 2010 S1,158,417 500,702 $657.715 2011 Sales Cost of goods sold Gross profit EXPENSES S1572,134 S1,413,581 5601 215 556,721 5970,919 Advertising Depreciation Bad debts Legal S555,153 21,442 20,151 17,261 91,014 148321 14315 47,121 15,912 S 430,690 S 540,229 216,092 S 324,137 35,913 $50,531 21,442 18934 10207 31,214 142,078 13,642 45312 15,643 S349,003 $507 857 $42,150 21,442 17,943 9,701 29,104 141,143 11,932 39,142 14,217 S326,774 $330,941 132,376 S198,565 23,712 Rent Repairs and maintenanoe Salaries and wages Utilities Total expenses Net income before income tax Income tax expense NET INCOME Number of shares of stock outstanding 26,786 ABC COMPANY RATIO ANALYSIS DECEMBER 31, 2012 12/31/12 IQUIDITY RATIOS: 12/31/11 Change % Change Current ratio Current assets/Current liabilities Quick ratio (Curment assets Inventory)/Current liabilities Accounts receivable turnover Sales/A verage accounts receivable Days' sales in accounts receivable 365/Acco unts receivable turnover Inventory turnover Cost of goods sold/ Average inventory PROFITABILITY/PERFORMANCE RATIOS: Profit margin Net income/Net sales Gross profit margin (%) Gross profit/Sales Earnings per share Net incomeNumber of shares of stock Sales/Total assets Sales/Total assets Sales/Working capital Sales(Current assets Current liabilities) EQUITY POSITION RATIOS Owners' equity/Total assets Current liablities/Owners' equity Total liabilities/owners equity Total stockholders' equity'Total assets Current liabilities/Total stockholders' equity Total liabilities/Total stockholders' equity
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
ABC Company Ratio Analysis As of December 31 2012 LIQUIDITY RATIOS 123112 123111 Change Change Current ratio current assetscurrent liabilities 379 226 153 6770 Quick ratio current assets x inventorycu...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Fraud examination
ISBN: 978-0538470841
4th edition
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
Question Posted:
Students also viewed these Business Law questions
-
Using the financial information presented in Exhibit 13.1, calculate the following ratios for The Home Depot: Return on equity Return on assets Total asset turnover Inventory turnover Current...
-
Using the financial information presented in Exhibit 13.1, calculate the following ratios for The Home Depot: Net profit margin Earnings quality Receivable turnover Cash ratio Times interest...
-
1) Using the financial information provided for Bliss Limited, prepare a cash flow statement, in a form suitable for publication, for the year ended 31 December 2011. 2) Using between 200 and 250...
-
D. Prepare the consolidation worksheet journal entries to eliminate the effects of inter-entity transactions as at 30 June 2017. On 1 July 2013 Douglas Ltd acquired all of the share capital (cum...
-
Financial information for American Eagle is presented in Appendix A at the end of the book, and financial information for Buckle is presented in Appendix B at the end of the book. Required: Determine...
-
What is operational productivity? Financial productivity?
-
Fuel economy leaders for the category of small sport utility vehicles include the Hyundai all-electric vehicle, Kona Electric, at 120 miles per gallon of gasoline equivalent (MPGe) and the Ford...
-
Top managers of Kyler Industries predicted 2012 sales of 14,800 units of its product at a unit price of $8.50. Actual sales for the year were 14,600 units at $10.50 each. Variable costs were budgeted...
-
5. A 2-DOF linear elastic structure, with mass matrix m = [4000 5000 kg, and stiffness matrix k = Questions: -3000 103 N/m, external load p = 103 (30) sin5t N. (10 points) 300 -300 800 (1) Determine...
-
Various doses of a poisonous substance were given to groups of 25 mice and the following results were observed: (a) Find the equation of the least squares line fit to these data. (b) Estimate the...
-
1. Are any vendors used that are not approved vendors? If so, list the vendor names and the employees who used these vendors. What follow-up steps should be taken on these vendors? 2. Were any...
-
Read the article entitled Following Benfords Law, or Looking Out for No. 1 found at www.rexswain. com/benford.html. The article mentions that a statistics professor can easily discern if students...
-
Options complete the following sentence for each of these investors: a. A buyer of call options. b. A buyer of put options. c. A seller (writer) of call options. d. A seller (writer) of put options....
-
Free Response Application Problem 24. The population P(t) of an endangered species of turtles, t years after being introduced into a safe habitat area is given by P(t) = = 263 1+3.62e-0.144t A. Find...
-
Jim and Betty Williams have come to you, their financial planner, for help in developing a plan to accomplish their financial goals.Jim is 65 years old, and in good health.He owns Williams Pharmacy,...
-
On October 21, ABC Inc. repurchased and retired 10,000 of its common shares at a price of $1 per share. At this time, the average cost of the shares was $3 per share. Identify the journal entry to...
-
The following financial information is provided for Some Company: Some Company Balance Sheet Beginning Balance Ending Balance Assets Cash $ 75,250 $ 83,500 Accounts receivable $ 25,125 $ 23,695...
-
TVM or the time value of money is is the notion that a dollar today than in the future due to its potential earning capacity. This is a core principle in finance and the the fundamental concept that...
-
Nike, Inc. reports the following information relating to its manufacturing activities in footnotes to its 10-K report for the year ended May 31, 2013. a. What effect does the use of contract...
-
Havel says the grocer doesnt believe what is on the sign and indeed, he says the grocers customers will barely notice it. But Havel maintains that the sign serves a specific function. How would you...
-
What is the purpose of a witness list? a. Identify name, address, and telephone numbers of witnesses b. Identify the exhibits that the witness will introduce into court. c. Identify the type of...
-
In 2000 and 2001, Dewayne Hubbert, Elden Craft, Chris Grout, and Rhonda Byington bought computers from Dell Corp. through its Web site. Before buying, Hubbert and the others configured their own...
-
Go to this texts Web site at academic. cengage.com/blaw/clarkson and select Chapter 19. Click on Video Questions and view the video titled E-Contracts: Agreeing Online. Then answer the following...
-
If neither Thompson nor Morris had any experience in the business of cattle trading, how might the result in this case have been different?
-
Given the following information: Percent of capital structure: Debt Preferred stock Common equity (retained earnings) Additional information: Bond coupon rate 40% 20 40 8% Bond yield to maturity 6%...
-
8: Quiz MC.09.049.Algo Assignment Score: 0.00% Save Submit Assignment for Grading Question 37 of 40 A stock just paid a dividend of Do = $1.00. The required rate of return is rs = 12.4%, and the...
-
S Henry is taking out an amortized loan for $88,000 to open a small business and is deciding between the offers from two lenders. He wants to know which one would be the better deal over the life of...
Study smarter with the SolutionInn App