From the chart below, what is the correct Debt Ratio?Current Assets$1,350Total Assets$2,500Operating Profit$475Debt$975Net Income$300Inventory$450Cost of Goods Sold$525Sales$1,350Current Liabilities$800Total Equity$1,525Total Liabilities and owners equity$2,500

The ratio analysis helps to analyse the financial statements of the business with respect to various…

Answered: From the chart below, what is the…

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 6MCQ

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need the calculation for debt to assets ratio, debt equity ratio, long-term debt to equity and times interest earned ratio. CURRENT ASSETS Cash and cash equivalents $ 5,910 $ 5,238 Marketable securities 406 503 Accounts receivable 10,888 9,645 Less: Allowance for credit losses (138) (93) Accounts receivable, net 10,750 9,552 Assets held for sale 1,197 0 Other current assets 1,953 1,810 Total Current Assets 20,216 17,103 Property, Plant and Equipment, Net 32,254 30,482 Operating Lease, Right-of-Use Asset 3,073 2,856 Goodwill 3,367 3,813 Intangible Assets, Net 2,274 2,167 Investments and Restricted Cash 25 24 Deferred Income Tax Assets 527 330 Other Non-Current Assets 672 1,082 Total Assets 62,408 57,857 Current Liabilities: Current maturities of long-term debt, commercial paper and finance leases 2,623 3,420 Operating Lease, Liability, Current 560 538 Accounts payable 6,455 5,555 Accrued wages and withholdings 3,569 2,552…
Based upon the information given below, calculate the following: Cash ratio Inventory turnover EPS Total asset turnover Debt ratio Debt-to-equity ratio Times interest earned ROI Net profit margin ROE Market price/Book value P/E Average Collection Period BALANCE SHEET ASSETS LIABILITIES & STOCKHOLDERS EQUITY Cash $ 1,500 Accounts payable $12,500 Marketable securities 2,500 Notes payable 12,500 Accounts receivable 15,000 Total current liabilities $25,000 Inventory 33,000 Long-term…
Find the below: Cash ratio Inventory turnover EPS Total asset turnover Debt ratio Debt-to-equity ratio Times interest earned ROI Net profit margin ROE Market price/Book value P/E BALANCE SHEET ASSETS LIABILITIES & STOCKHOLDERS EQUITY Cash $ 1,500 Accounts payable $12,500 Marketable securities 2,500 Notes payable 12,500 Accounts receivable 15,000 Total current liabilities $25,000 Inventory 33,000 Long-term debt 22,000 Total current assets…
Based upon the information given below, calculate the following: Current ratio                              Acid test                                  Accounts receivable turnover ratio Cash ratio                                  Inventory turnover                             EPS                                         Total asset turnover Debt ratio                                  Debt-to-equity ratio Times interest earned                ROI Net profit margin                      ROE Market price/Book value        P/E BALANCE SHEET               ASSETS                                                         LIABILITIES & STOCKHOLDERS EQUITY Cash                                  $ 1,500                               Accounts payable                  $12,500 Marketable securities            2,500                               Notes payable                         12,500 Accounts receivable            15,000                               Total current liabilities…
Using the data below, calculate the following ratios. Cash 4500 Accts Payable 4400 Accounts Receivable 6200 Wages Payable 2100 Inventory 7000 Notes Payable 4000 Plant & Equipment 7300 Long Term Debt 5000                                                                            Equity 9500                    Sales = 28,400 Net Income = 2,300 EBIT = 1,00 Interest Charge = 850 Fixed Asset Turnover Inventory Turnover f. Interest Coverage TIE Equity Multiplier Tot Assets/Equity h. L/T Debt Ratio ROA j. ROE
Based upon the information given below, calculate the following: Current ratio                              Acid test                                  Accounts receivable turnover ratio Cash ratio                                  Inventory turnover                                  EPS                                    Total asset turnover Debt ratio                                  Debt-to-equity ratio Times interest earned                ROI Net profit margin                      ROE Market price/Book value             P/E Average Collection Period BALANCE SHEET             ASSETS                                                         LIABILITIES & STOCKHOLDERS EQUITY Cash                                  $ 1,500                               Accounts payable                  $12,500 Marketable securities            2,500                               Notes payable                         12,500 Accounts receivable            15,000                               Total…
Using the data below, calculate the following ratios. Cash 4500 Accts Payable 4400 Accounts Receivable 6200 Wages Payable 2100 Inventory 7000 Notes Payable 4000 Plant & Equipment 7300 Long Term Debt 5000 Equity 9500 Sales = 28,400 Net Income = 2,300 EBIT = 1,00 Interest Charge = 850 Current Ratio b. Quick Ratio Total Asset Turnover d. Fixed Asset Turnover Inventory Turnover f. Interest Coverage TIE Equity Multiplier Tot Assets/Equity h. L/T Debt Ratio ROA…
Review of the financial statements revealed the following for Cullumber Inc.: sales $1256000, net income $43700, total assets $653120, long- term debt $761000, interest expense $65312 and cost of goods sold $781000. When preparing common- size financial statements, interest expense would be shown as a) 10.0% b) 9.2%. c) 8.4%. d) 5.2%.
Compute the debt ratio from the data shown below: Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings bef interest and taxes (EBIT) 2007 $1,290 9,890 13,760 $24,940 $18,060 $43.000 $8,170 6,020 4.730 $18,920 $8,815 $27.735 $5,805 2.460 $15.265 $43,000 2007 $51.600 48,246 903 $2,451 K
We are given the following information for Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $2,068,000 150,000 923,000 763,000 a. Accounts receivable b. Marketable securities c. Capital assets. d. Long-term debt $ Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items: LA LA LA $ $ 1.00 times 2.60 times $ 40 % 4 times 517000
Given the following details, what is OXFORD Inc.'s debt ratio? Sales/Total assets Return on assets Return on equity 1.5x 3% 5%
Use the below information to answer the following question. Sales Cost of goods sold Depreciation Income Statement For the Year Taxable income Taxes Earnings before interest $4,500 and taxes Interest paid Net income Dividends $900 Balance Sheet End-of-Year Cash Accounts receivable Inventory Total current assets Net fixed assets Total assets Accounts payable Long-term debt Common stock ($1 par value) Retained earnings O O O O Total Liab. & Equity 33 percent 40 percent 50 percent $28,400 60 percent 21,200 2,700 67 percent 850 $3,650 1,400 $2,250 $550 2,450 4,700 $7,700 What was the retention ratio? 16,900 $24,600 $ 2,700 9,800 8,000 4,100 $24,600

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