The following are the financial statements for Sunland Consumer Products Company for the fiscal year ended September 30, 2017. Sunland Consumer Products Company Income Statement for the Fiscal Year Ended September 30, 2017 Net sales $66,840 Cost of products sold 26,307 Gross profit $40,533 Marketing, research, administrative expense 12,700 Depreciation 630 Operating income (loss) $27,203 Interest expense 507 Earnings (loss) before income taxes $26,696 Income taxes 8,161 Net earnings (loss) $18,535 Sunland Consumer Products Company Balance Sheet as of September 30, 2017 Assets: Liabilities and Equity: Cash and marketable securities $5,700 Accounts payable $3,210 Investment securities 427 Accrued and other liabilities 5,760
The following are the financial statements for Sunland Consumer Products Company for the fiscal year ended September 30, 2017. Sunland Consumer Products Company Income Statement for the Fiscal Year Ended September 30, 2017 Net sales $66,840 Cost of products sold 26,307 Gross profit $40,533 Marketing, research, administrative expense 12,700 Depreciation 630 Operating income (loss) $27,203 Interest expense 507 Earnings (loss) before income taxes $26,696 Income taxes 8,161 Net earnings (loss) $18,535 Sunland Consumer Products Company Balance Sheet as of September 30, 2017 Assets: Liabilities and Equity: Cash and marketable securities $5,700 Accounts payable $3,210 Investment securities 427 Accrued and other liabilities 5,760
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
| a. | Efficiency ratios. | |
| b. | Asset turnover ratios. | |
| c. | Leverage ratios. | |
| d. | Coverage ratios. |
| Efficiency Ratios | |||
|---|---|---|---|
|
Inventory turnover ratio
|
enter Inventory turnover ratio in times | times | |
|
Days sales in inventory
|
enter Days sales in inventory | days | |
|
Accounts receivables turnover
|
enter Accounts receivables turnover in times | times | |
|
DSO
|
enter days sales outstanding | days | |
| Asset Turnover Ratios | |||
|
Total asset turnover
|
enter Total asset turnover in times | times | |
|
Fixed assets turnover
|
enter Fixed assets turnover in times | times | |
| Leverage Ratios | |||
|
Total debt ratio
|
enter Total debt ratio in times | times | |
|
Debt to equity ratio
|
enter Debt to equity ratio in times | times | |
|
Equity multiplier
|
enter Equity multiplier in times | times | |
| Coverage Ratios | |||
|
Times interest earned
|
enter Times interest earned | times | |
|
Cash coverage
|
enter Cash coverage in times | times |
Transcribed Image Text:The following are the financial statements for Sunland Consumer Products Company for the fiscal year ended September 30, 2017.
Sunland Consumer Products Company
Income Statement for the Fiscal Year
Ended September 30, 2017
Net sales
$66,840
Cost of products sold
26,307
Gross profit
$40,533
Marketing, research, administrative expense
12,700
Depreciation
630
Operating income (loss)
$27,203
Interest expense
507
Earnings (loss) before income taxes
$26,696
Income taxes
8,161
Net earnings (loss)
$18,535
Sunland Consumer Products Company
Balance Sheet as of September 30, 2017
Assets:
Liabilities and Equity:
Cash and marketable securities
$5,700
Accounts payable
$3,210
Investment securities
427 Accrued and other liabilities
5,760
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