Given the balance sheet and income statement, calculate the ratios below. Liquidity 2018 2019 Current ratio _______ _______ Days cash on hand _______ _______ Capital Structure Equity Financing _______ _______ Times Interest
A) Given the balance sheet and income statement, calculate the ratios below.
Liquidity 2018 2019
Days cash on hand _______ _______
Capital Structure
Equity Financing _______ _______
Times Interest Earned _______ _______
Turnover
Total Asset _______ _______
Fixed Asset _______ _______
Current Asset _______ _______
Profitability
Total Margin _______ _______
Return on Assets _______ _______
Return on Equity _______ _______
B) Comment on the change in return on equity between 2018 and 2019, why did it increase?
|
2018 |
2019 |
2018 |
2019 |
|||
|
Operating revenue |
$1,514,000 |
$1,501,000 |
Cash |
$29,000 |
$36,000 |
|
|
Other revenue |
96,000 |
139,000 |
Other Current Assets |
180,000 |
174,000 |
|
|
Total Revenue |
$1,610,000 |
$1,640,000 |
Fixed Assets |
941,000 |
1,060,000 |
|
|
Total Assets |
$1,150,000 |
$1,270,000 |
||||
|
Salaries & Benefits |
$854,000 |
$864,000 |
||||
|
Supplies |
470,000 |
475,000 |
Total Liabilities |
$413,000 |
$464,000 |
|
|
|
93,000 |
89,000 |
||||
|
Interest |
124,000 |
122,000 |
Equity |
$737,000 |
$806,000 |
|
|
Total Expense |
$1,541,000 |
$1,550,000 |
||||
|
Profit |
$69,000 |
$90,000 |
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