CashAccounts receivableInventoryPlant and equipmentTotal assetsAssetsa. Current ratiob. Quick ratiorporation is given below. Sales for the year were $3,240,000, with 75 percent of sales sBRYAN CORPORATIONBalance Sheet Dec. 31, 20XX$50,000440,000450,000510,000$1,450,000C. Debt-to-total-assets ratio.d. Asset turnovere. Average collection periodLiabilities and EquityAccounts payableAccrued taxesBonds payable (long term)Common stockRetained earningsTotal liabilities and equityCompute the following ratios: (Use 365 days in a year. Do not round intermediate calculation. Round the final answerplaces.)2.38 XX%Xdays$320,00075,000350,000480,000225,000$1,450,000

Current ratio and quick ratio measure the liquidity of the firm. The formulas for these are: Current…

Cash Accounts receivable Inventory Plant and equipment Assets Total assets a. b. C. BRYAN CORPORATION Balance Sheet Dec. 31, 20XX $50,000 440,000 450,000 510,000 $1,450,000 Current ratio Quick ratio Debt-to-total-assets ratio. Liabilities and Equity Accounts payable Accrued taxes Bonds payable (long term) Common stock Retained earnings Total liabilities and equity Compute the following ratios: (Use 365 days in a year. Do not round intermediate calculation. Round the final an places.) 2.38 X X % $320,000 75,000 350,000 480,000 225,000 $1,450,000

Cash Accounts receivable Inventory Plant and equipment Assets Total assets a. b. C. BRYAN CORPORATION Balance Sheet Dec. 31, 20XX $50,000 440,000 450,000 510,000 $1,450,000 Current ratio Quick ratio Debt-to-total-assets ratio. Liabilities and Equity Accounts payable Accrued taxes Bonds payable (long term) Common stock Retained earnings Total liabilities and equity Compute the following ratios: (Use 365 days in a year. Do not round intermediate calculation. Round the final an places.) 2.38 X X % $320,000 75,000 350,000 480,000 225,000 $1,450,000

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Concept explainers

Operating Cash Flows

A cash flow statement (CFS) helps the company to know the amount of cash at its disposal, the activities that lead to earning cash, and the activities which require cash expenditure for a particular period. The statement represents the liquidity of the company.

Question

Cash
Accounts receivable
Inventory
Plant and equipment
Total assets
Assets
a. Current ratio
b. Quick ratio
rporation is given below. Sales for the year were $3,240,000, with 75 percent of sales s
BRYAN CORPORATION
Balance Sheet Dec. 31, 20XX
$50,000
440,000
450,000
510,000
$1,450,000
C. Debt-to-total-assets ratio.
d. Asset turnover
e. Average collection period
Liabilities and Equity
Accounts payable
Accrued taxes
Bonds payable (long term)
Common stock
Retained earnings
Total liabilities and equity
Compute the following ratios: (Use 365 days in a year. Do not round intermediate calculation. Round the final answer
places.)
2.38 X
X
%
X
days
$320,000
75,000
350,000
480,000
225,000
$1,450,000

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Step 2: (a) Calculation of current ratio

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Step 3: (b) Calculation of quick ratio

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Step 4: (c) Calculation of Debt to total assets ratio

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Step 5: (d) Calculation of assets turnover ratio

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