Problem 3 Required The following information related to the business of Snorlax Company, and the owner is concerned about the profitability and financial structure of his business at 2018 especially since the bank is requireing repayment of the business' overdraft 2017 2018 Revenue (sales on credit) P 105,000 P 140,000 Cost of Sales P 68,500 P 99,500 Other Expenses P 28,000 P 36,500 Cash and cash equivalents P 28,000 P 20,000 Inventories P 37,000 P 50,000 Trade accounts receivable P 28,000 P 50,000 Non-current assets P 46,000 P 47,000 P 109,000 P 108,500 Trade accounts payable Snorlax, Capital P 30,000 P 35,500 Non-current liabilities P P 23,000 Inventory at 2016 was P 22,500 Calculate the following ratios for 2017 and 2018 1 Current Ratio 2 Quick Ratio 3 Debt Ratio 4 Return on Sales 5 Inventory Turnover Ratio
Problem 3 Required The following information related to the business of Snorlax Company, and the owner is concerned about the profitability and financial structure of his business at 2018 especially since the bank is requireing repayment of the business' overdraft 2017 2018 Revenue (sales on credit) P 105,000 P 140,000 Cost of Sales P 68,500 P 99,500 Other Expenses P 28,000 P 36,500 Cash and cash equivalents P 28,000 P 20,000 Inventories P 37,000 P 50,000 Trade accounts receivable P 28,000 P 50,000 Non-current assets P 46,000 P 47,000 P 109,000 P 108,500 Trade accounts payable Snorlax, Capital P 30,000 P 35,500 Non-current liabilities P P 23,000 Inventory at 2016 was P 22,500 Calculate the following ratios for 2017 and 2018 1 Current Ratio 2 Quick Ratio 3 Debt Ratio 4 Return on Sales 5 Inventory Turnover Ratio
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please do all ratios otherwise I downvote the answer
![Problem 3
Required
The following information related to the business of Snorlax Company, and the owner
is concerned about the profitability and financial structure of his business at 2018
especially since the bank is requireing repayment of the business' overdraft
2017
2018
Revenue (sales on credit)
P
105,000 P
140,000
99,500
Cost of Sales
P
68,500 P
Other Expenses
P
28,000 P
36,500
Cash and cash equivalents
P
28,000 P
20,000
Inventories
P
37,000 P
50,000
Trade accounts receivable
P
28,000 P
50,000
Non-current assets
P
46,000 P
47,000
P
109,000 P
108,500
Trade accounts payable
Snorlax, Capital
P
30,000 P
35,500
Non-current liabilities
P
P
23,000
Inventory at 2016 was
P 22,500
Calculate the following ratios for 2017 and 2018
1 Current Ratio
2 Quick Ratio
3 Debt Ratio
4 Return on Sales
5 Inventory Turnover Ratio](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fad570968-f0ab-4d35-b744-1bafb7958707%2Ff08f2bfc-f8f0-47c7-affd-3ea5c6091459%2Fn4pd0in_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Problem 3
Required
The following information related to the business of Snorlax Company, and the owner
is concerned about the profitability and financial structure of his business at 2018
especially since the bank is requireing repayment of the business' overdraft
2017
2018
Revenue (sales on credit)
P
105,000 P
140,000
99,500
Cost of Sales
P
68,500 P
Other Expenses
P
28,000 P
36,500
Cash and cash equivalents
P
28,000 P
20,000
Inventories
P
37,000 P
50,000
Trade accounts receivable
P
28,000 P
50,000
Non-current assets
P
46,000 P
47,000
P
109,000 P
108,500
Trade accounts payable
Snorlax, Capital
P
30,000 P
35,500
Non-current liabilities
P
P
23,000
Inventory at 2016 was
P 22,500
Calculate the following ratios for 2017 and 2018
1 Current Ratio
2 Quick Ratio
3 Debt Ratio
4 Return on Sales
5 Inventory Turnover Ratio
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