Exercise 14-8A (Algo) Ratio analysis LO 14-2, 14-3 The balance sheet for Rooney Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities. Long-term liabilities Total liabilities. Common stock and retained earnings Total liabilities and stockholders' equity Required Compute the following. Note: Round ratios to 1 decimal place. Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio % $ 238,000 751,000 $ 989,000 $ 158,000 447,000 605,000 384,000 $ 989,000

Exercise 14-8A (Algo) Ratio analysis LO 14-2, 14-3 The balance sheet for Rooney Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities. Long-term liabilities Total liabilities. Common stock and retained earnings Total liabilities and stockholders' equity Required Compute the following. Note: Round ratios to 1 decimal place. Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio % $ 238,000 751,000 $ 989,000 $ 158,000 447,000 605,000 384,000 $ 989,000

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

ss
Don't give answer in image format
6
Pls I need fast answer
Ratio Industry Ratios GnG Ratios 1. Current Ratio 5.3 7.08 2. Acid Test Ratio 5.1 6.8 3. Gross Profit Ratio 30% 40% 4. Net Income Margin 7.5% 18.2% 5. Receivable Turnover Ratio 9 14.41 6. Return on Asset Ratio 12% 9.29% 7. Debt to Asset Ratio 1:4 1 : 1 Interpretation and verbal analysis compared to industry ratios: 1. Liquidity 2. Profitability 3. Solvency
Q1 Consider the given income statement and balance sheet and calculate the following ratios : Return on Assets Return on Equity Debt Ratio Current Ratio Write your comment about each of the ratios calculated what it describes. Following are the Financial Statements of CSU CORPORATION for the year ended Dec. 31, 2020 Assets : 2019 Cash $1400 Accounts Receivable 4000 Supplies 1800 Equipment 16000 Total Assets $23,200 Liabilities and Shareholders’ Equity : Liabilities : Notes Payable $5000 Accounts Payable…
Sh7
Financial Statement Analysis Compute for Leverage Ratio for year 2018 - 2020: a. Debt Ratio b. Debt to Equity Ratio c. Time Interest Earned Ratio
Plz help this is all the information for this question
EXPLAIN THE RESULTS OF TOTAL LIABILITIES IN VERTICAL ANALYSIS
RATIO ANALYSIS. Debt Ratio Activity 6 · Understand the information provided by the debt ratio. · Identify the expected range and whether an increasing or decreasing trend is preferred. Purpose: The debt ratio compares total liabilities to total assets. This ratio measures the proportion of assets financed by debt. It is a measure of long-term solvency. Total liabilities DEBT RATI0 = Total assets JOHNSON & CITIGROUP 12/31/99 HEWLETT- PACKARD 10/3 1/99 JOHNSON 1/03/99 WAL-MART 1/31/99 ($ in 000s) Assets $716,937,000 $35,297,000 $26,211,000 $49,996,000 Liabilities 667,251,000 17,002,000 12,621.000 28,884,000 Stockholders' Equity $ 49,686,000 $18,295,000 $13,590,000 $21,112,000 Source: Disclosure, Inc, Compact D/SEC, 2000. 1. For each-company listed above, compute the debt ratio. Record your results below. Debt ratio: 0.93 2. The debt ratios computed above are primarily in the ranġe (less than 0,40 / 0.40 through 0.70 / over 0.70): 3. % of Wal-Mart's assets are financed by debt. 4.…
Exercise 8-17A Calculate and analyze liquidity ratios (LO8-6) Selected financial data regarding current assets and current liabilities for Queen's Line, a competitor in the cruise line industry, is provided: ($ in millions) Current assets: Cash and cash equivalents Current investments Net receivables. Inventory Other current assets Total current assets Current liabilities: Accounts payable Short-term debt Other current liabilities Total current liabilities Current Ratio $ 351 76 204 114 134 $879 Required: 1. Calculate the current ratio and the acid-test ratio for Queen's Line. (Enter your answers in millions, not in dollars. For example, $5,500,000 should be $ 5.5.) Acid-Test Ratio $1,190 689 924 $2,803