How to get answers for a balance sheet using only ratios and interesting expanse of $9 million and income tax expense of $26 million. debt to equity ratio 1.0 current ratio. 2.0 Acid test ratio. 1.0 Times interest earned ratio. 10 times Return on assets. 25%Return on equity 50% Profit margin on sales 10% Gross profit margin 30% Inventory turnover 9 times Receivables. 15 times

How to get answers for a balance sheet using only ratios and interesting expanse of $9 million and income tax expense of $26 million. debt to equity ratio 1.0 current ratio. 2.0 Acid test ratio. 1.0 Times interest earned ratio. 10 times Return on assets. 25%Return on equity 50% Profit margin on sales 10% Gross profit margin 30% Inventory turnover 9 times Receivables. 15 times

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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Current ratio = 2.4 times Profit margin = 10% Sales = $1,220 million ROE = 10% Long-term debt to Long-term debt and equity = 60% Use the above information to complete the balance sheet below. Note: Enter your answers in millions. there is no asset turn over. this is the whole question current assets=______million fixed assets=_____million Total assets______million Current liabilities 230 million long term debt_____ million stockholders equity______million Total liabilities and equity_______ million
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Given the following: Current Assets $ 18,000 Accounts Receivable $ 3,000 Current Liabilities $ 16,000 Inventory $ 2,000 Net Sales $ 41,000 Total Assets $ 29,000 Net Income $ 6,000 Find the following (round to the nearest hundredth if needed): Current Ratio? Acid test quick ratio? Average days collection ? Asset turover ? Profit Margin on net sales?
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a. Perform a Du Pont analysis on Green Valley. Assume that the industry average ratios are as follows: Total margin 3.5% Total asset turnover 1.5 Equity multiplier 2.5 Return on equity (ROE) 13.1% b. Calculate and interpret the following ratios: Industry Average Return on assets (ROA) Current ratio 5.2% 2.0 Days cash on hand 22 days Average collection period 19 days Debt ratio 71% Debt-to-equity ratio 2.5 Times interest earned (TIE) ratio 2.6 Fixed asset turnover ratio 1.4 c. Assume that there are 10,000 shares of Green Valley's stock outstanding and that some recently sold for $45 per share. • What is the firm's price/earnings ratio? What is its market/book ratio? (Hint: These ratios are discussed in the supplement to this chapter.)
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Assume you are given the following relationships for the Haslam Corporation: Sales/total assets 1.5 Return on assets (ROA) 4% Return on equity (ROE) 6% Calculate Haslam's profit margin and liabilities-to-assets ratio. Do not round intermediate calculations. Round your answers to two decimal places. Profit margin: % Liabilities-to-assets ratio: % Suppose half of its liabilities are in the form of debt. Calculate the debt-to-assets ratio. Do not round intermediate calculations. Round your answer to two decimal places. %
Liquidity Ratio You have the following info on Marco's Polo Shop: Total Liabilites and equity = $211 million Current Liabilities = $51 million Inventory = $66 million Quick Ratio = 1.4 times Using the info what is the balance for fixed assets on Marco's Polo balance sheet?