Problem 1: Viance Queen Company Required:Compute for the company’s profitability and operating efficiency ratios for 2019Compute for the financial health ratios of the company for 2019 A.Profitability ratioa. Return on Assets:ROA (NI/Total Assets)ROA (NI/Average Assets)ROA (EBIT/Total Assets)ROA (EBIT/Average Assets)ROE (NI/Capital)ROE (NI/Average Capital Problem No. 1Viance Queen CompanyStatement of Financial PositionAs of December 3120192018CashAccounts ReceivableInventoryPrepald RentDelivery VanTotal Assets110,00090,000129,00012,000550,000891,00087,40069,920218,5004,370493,810874,000Accounts PayableLoan PayableViance Queen, CapitalTotal Liabilities and Equity75,000400,000416,000891,00067,298393,300413,402874,000Viance Queen CompanyStatement of Comprehensive IncomeFor the Period Ended December 3120192018SalesCost of Goods SoldGross ProfitOperating ExpensesInterest ExpenseNet Income810,000348,300461,700234,90040,500186,300686,000301,750384,250205,80017,150161,300

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Answered: A.Profitability ratio a. Return on…

Business

Accounting

A.Profitability ratio a. Return on Assets: ROA (NI/Total Assets) ROA (NI/Average Assets) ROA (EBIT/Total Assets)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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