Help me answer this thank you c. Outline Barry Company's strength and weaknesses as revealed by yourBarry CompanyIncome Statement for the Years Ended December 31, 20X4(in thousands)P1,607,500SalesCost of goods soldMaterialsLaborP717,000453,00068,000113,00041,500Heat, light, powerIndirect labor.DepreciationGross profitSelling expensesGeneral and administrative expensesEarnings before interest and taxes (EBIT)Interest expenseEarnings before taxes (EBT)Federal and state income taxes (40%)Net income1,392,500P 215,000115,00030,000P 70,00024,500P 45,50018,200P 27,300BarryCompanyIndustryAverage2.0 xRatioCurrentQuick1.3 x35 daysDay sales outstandingInventory turnover.Total assets turnover6.7 x3.0 xProfit marginROAROE,Total debt/total assets1.2%3.6%9.0%60.0%Required:a. Calculate the indicated ratios for Barry.b. Construct the DuPont equation for both Barry and the industry.analysis. Problem 14 (Ratio Analysis)Data for Barry Company and its industry averages is as follow.Barry CompanyStatement of Financial Position as of December 31, 20X4.(in thousands)Liabilities and Owners' equityAccounts payableNotes payableOther currentliabilitiesTotal currentliabilitiesAssets·P129,00084,000CashReceivablesInventoriesP 77500336,000241,500P655,000292,500117,000Total current assetsNet fixed assetsLong-term debtCommon equity.Total liabilities andP330,000256,500361,000Total assetsP947,500equityP947,500

Introduction:- Ratio analysis is a statistical method that examines financial documents such as the…

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Business

Accounting

ne Years

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.10P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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