Data for Barry Computer Co. and its industry averages follow. The firm's debt is priced at par, so the market value of its debt equals its book value. Since dollars are in thousands, the number of shares is shown in thousands too.Barry Computer Company:Balance Sheet as of December 31, 2021 (in thousands)Accounts payableOther current liabilities$ 144,050475,365417,745$1,037,160Notes payable to bankTotal current liabilitiesLong-term debtCommon equity (72,025 shares)Total liabilities and equityCashReceivablesInventoriesTotal current assetsNet fixed assetsTotal assetsBarry Computer Company:Income Statement for Year Ended December 31, 2021 (in thousands)Sales$2,150,000Cost of goods soldMaterialsLaborHeat, light, and powerIndirect laborGross profitSelling expensesGeneral and administrative expenses403,340$1,440,500DepreciationEarnings before interest and taxes (EBIT)Interest expenseEarnings before taxes (EBT)Federal and state income taxes (25%)Net incomeEarnings per sharePrice per share on December 31, 2021Inventory turnoverTotal assets turnoverProfit marginROAROEROICTIEDebt/Total capitalM/BP/EEV/EBITDAaCalculation is based on a 365-day year.Xa. Calculate the indicated ratios for Barry. Do not round intermediate calculations. Round your answers to two decimal places.RatioBarryIndustry AverageCurrentQuickDays sales outstandingadaysXX%%%%X$860,000580,500129,000193,500%1,763,000$387,000193,50021,50086,000$ 86,00036,44549,55512,38937,1660.516013.00$$2.70x1.62x38 days$ 187,265129,64572,0255.62x1.68x1.62%2.72%5.49%7.10%2.39x35.30%5.3027.779.48$388,935331,315720,250$1,440,500

Ratio analysis is a powerful tool used by businesses, investors, and financial analysts to evaluate…

Data for Barry Computer Co. and its industry averages follow. The firm's debt is priced at par, so the market value of its debt equals its book value. Since dollars are in thousands, the number of shares is shown in thousands too. Barry Computer Company: Balance Sheet as of December 31, 2021 (in thousands) $ 144,050 Accounts payable 475,365 417,745 $1,037,160 Cash Receivables Inventories Total current assets Net fixed assets Total assets 403,340 $1,440,500 Other current liabilities Notes payable to bank Total current liabilities Long-term debt Common equity (72,025 shares) Total liabilities and equity $ 187,265 129,645 72,025 $ 388,935 331,315 720,250 $1,440,500

Data for Barry Computer Co. and its industry averages follow. The firm's debt is priced at par, so the market value of its debt equals its book value. Since dollars are in thousands, the number of shares is shown in thousands too. Barry Computer Company: Balance Sheet as of December 31, 2021 (in thousands) $ 144,050 Accounts payable 475,365 417,745 $1,037,160 Cash Receivables Inventories Total current assets Net fixed assets Total assets 403,340 $1,440,500 Other current liabilities Notes payable to bank Total current liabilities Long-term debt Common equity (72,025 shares) Total liabilities and equity $ 187,265 129,645 72,025 $ 388,935 331,315 720,250 $1,440,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Trina's Trikes, Inc. reported a debt-to-equity ratio of 1.81 times at the end of 2018. If the firm's total debt at year-end was $9.00 million, how much equity does Trina's Trikes have? A. $16.29 million B. $1.81 million C. $9.00 million D. $4.97 million
The Lawrence Company has a ratio of long term debt to long term debt plus equity of .39 and a current ratio of 1.7. Current liabilities are 950, sales are 6370, profit margin is 9.8 percent, and ROE is 20 percent. What is the amount of the firms net fixed assets?
The following balance sheet information (in $ millions) comes from the Annual Report to Shareholders of Merry International Incorporated for the 2024 fiscal year. The following additional information from an analysis of Merry's financial position is available: Current ratio = 1.352272; Acid - test ratio = 0.5769817; Debt to equity ratio = 0.6063000. Required: Compute the missing amounts in the balance sheet. Note: Enter your answers in millions of dollars. Round your intermediate and final answers to the nearest whole dollar. MERRY INTERNATIONAL INCORPORATED Balance Sheet At December 31, 2024 ($ in millions) Assets Current assets \table[[Cash and cash equivalents,,510]. [Accounts and notes receivable]. [Inventory], [Other,, 460], [Total current assets], [Property and equipment, net,1,322,], [Intangible assets, net]. [Investments, 260,], [Notes and other receivables, net,1,276,].[Other assets, 1, 152,]. [Total long-term assets], [Total assets]. [Liabilities and Shareholders' Equity],…
You are evaluating the balance sheet for SophieLex's Corporation. From the balance sheet you find the following balances: cash and marketable securities = $450,000; accounts receivable = $1,100,000; inventory = $2,000,000; accrued wages and taxes = $450,000; accounts payable = $750,000; and notes payable = $500,000. Calculate SophieLex's current ratio.
Hijab Alisha company has financial data for 2021 as follows: Calculate the firm's earnings available to common shareholders for 2021 and what is the net profit after tax for 2021
Asiago Company reports the following year-end balance sheet data. The company's equity ratio equals: Cash Accounts receivable Total assets Long-term liabilities Inventory 60,000 Common stock 100,000 Retained Equipment 145,000 earnings 1.70 2.07 0.63 1.22 $ Current 40,000 liabilities 1.59 55,000 Total liabilities $ 75,000 $ 300,000 and equity 36,000 89,000 $ 300,000 <
Binomial Tree Farm's financing includes $5 million of bank loans. Its common equity is shown in Binomial's Annual Report at $6.67 million. It has 500,000 shares of common stock outstanding, which trade on the Wichita Stock Exchange at $18 per share. What debt ratio should Binomial use to calculate its company cost of capital or asset beta? Note: Enter your answer as a percent rounded to 2 decimal places. Debt ratio %
Effect of transactions on current position analysis Data pertaining to the current position of Forte Company follow: Cash $412,500 Marketable securities 187,500 Accounts and notes receivable (net) 300,000 Inventories 700,000 Prepaid expenses 50,000 Accounts payable 200,000 Notes payable (short-term) 250,000 Accrued expenses 300,000 1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round to one decimal place. Working Capital: $fill in the blank 1 Current Ratio: fill in the blank 2 Quick Ratio: fill in the blank 3 2. Compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns. Consider each transaction separately and assume that only that transaction affects the data given. Round to one decimal place. a. Sold marketable securities at no gain or loss, $70,000. b. Paid accounts payable, $125,000. c. Purchased goods on account, $110,000.…
Lei Materials' balance sheet lists total assets of $1.05 billion, $127 million in current liabilities, $435 million in long-term debt, $488 million in common equity, and 54 million shares of common stock. If Lei's current stock price is $51.38, what is the firm's market-to-book ratio?
EV/EBITDA ratio Adler Industries has $3,125,000,000 in total assets of which cash and equivalents total $75,000,000. Its balance sheet shows $425,000,000 in current liabilities of which the notes payable balance totals $187,500,000. The firm also has $1,200,000,000 in long-term debt and $1,500,000,000 in common equity. It has 80 million shares of common stock outstanding, and its stock price is $25 per share. The firm's EBITDA totals $1,656,250,000. Assume the firm's debt is priced at par, so the market value of its debt equals its book value. What is Adler's EV/EBITDA ratio? (Note: You may want to refer to the Summary of Ratios worksheet in Module 1 on the course's canvas website.) 9. ⠀ a. 2.00 b. 2.55 c. 3.00 d. 3.44 e. 4.00
Lemmon Incorporated lists fixed assets of $100 on its balance sheet. The firm's fixed assets have recently been appraised at $140. The firm's balance sheet also lists current assets at $15. Current assets were appraised at $16.50. Current liabilities book and market values stand at $12 and the firm's long-term debt is $40. Calculate the market value of the firm's stockholders' equity
The balance sheet of Timken Inventory Ltd. has cash of $125 million, accounts receivable of $245 million, inventory of $160 million, and equipment worth $450 million. The company also has accounts payable of $ 120 million, notes payable of $280 million, and corporate bonds of $365 million. What is Timken's quick ratio?