The following presents comparative information of Target and Walmart: Wal-Mart 3Q 2007 3Q 2008 3Q 2009 3Q 2010 3Q 2011 Current Ratio 0.844 0.872 0.878 0.871 0.880 Quick Ratio 0.133 0.151 0.165 0.219 0.176 Debt Ratio 61.79% 60.95% 59.73% 63.60% 63.40% Target 3Q 2007 30 2008 3Q 2009 3Q 2010 3Q 2011 Current Ratio 1.352 1.500 1.580 1.556 1.299 Quick Ratio 0.571 0.661 0.636 0.584 0.462 Debt Ratio 62.67% 71.13% 67.44% 66.85% 68.49% Which of the following is correct? Walmart was more liquid but less solvent than Target. O Walmart was less liquid but more solvent than Target. O Target was more liquid and solvent than Walmart. O Target was less liquid and solvent than Walmart

The following presents comparative information of Target and Walmart: Wal-Mart 3Q 2007 3Q 2008 3Q 2009 3Q 2010 3Q 2011 Current Ratio 0.844 0.872 0.878 0.871 0.880 Quick Ratio 0.133 0.151 0.165 0.219 0.176 Debt Ratio 61.79% 60.95% 59.73% 63.60% 63.40% Target 3Q 2007 30 2008 3Q 2009 3Q 2010 3Q 2011 Current Ratio 1.352 1.500 1.580 1.556 1.299 Quick Ratio 0.571 0.661 0.636 0.584 0.462 Debt Ratio 62.67% 71.13% 67.44% 66.85% 68.49% Which of the following is correct? Walmart was more liquid but less solvent than Target. O Walmart was less liquid but more solvent than Target. O Target was more liquid and solvent than Walmart. O Target was less liquid and solvent than Walmart

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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Income Statement 2009 2010 2011 2012 2013 Revenue 393.3 366.3 428.6 513.7 599.2 Cost of Goods Sold (186.6) (175.8) (205.3) (248.6) (292.6) Gross Profit 206.7 190.5 223.3 265.1 306.6 Sales and Marketing (67.2) (65.8) (82.5) (102.9) (122.5) Administration (59.3) (59.1) (60.2) (67.6) (77.8) Depreciation & Amortization (27.5) (26.7) (36.2) (39.6) (39.2) EBIT 52.7 38.9 44.4 55 67.1 Interest Income (Expense) (34.7) (31.1) (32.9) (38.5) (37.6) Pretax Income 18 7.8 11.5 16.5 29.5 Income Tax (6.3) (2.7) (4.0) (5.8) (10.3) Net Income 11.7 5.1 7.5 10.7 19.2 Shares Outstanding (Millions) 55.5 55.5 55.5 55.5 55.5 Earnings per Share $0.21 $0.09 $0.14 $0.19 $0.35 Balance Sheet 2009 2010 2011 2012 2013 Assets Cash 47.4 66.7 92.8 79.1 89.3 Accounts Receivable…
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Income Statement 2009 2010 2011 2012 2013 Revenue 393.3 366.3 428.6 513.7 599.2 Cost of Goods Sold (186.6) (175.8) (205.3) (248.6) (292.6) Gross Profit 206.7 190.5 223.3 265.1 306.6 Sales and Marketing (67.2) (65.8) (82.5) (102.9) (122.5) Administration (59.3) (59.1) (60.2) (67.6) (77.8) Depreciation & Amortization (27.5) (26.7) (36.2) (39.6) (39.2) EBIT 52.7 38.9 44.4 55 67.1 Interest Income (Expense) (34.7) (31.1) (32.9) (38.5) (37.6) Pretax Income 18 7.8 11.5 16.5 29.5 Income Tax (6.3) (2.7) (4.0) (5.8) (10.3) Net Income 11.7 5.1 7.5 10.7 19.2 Shares Outstanding (Millions) 55.5 55.5 55.5 55.5 55.5 Earnings per Share $0.21 $0.09 $0.14 $0.19 $0.35 Balance Sheet 2009 2010 2011 2012 2013 Assets Cash 47.4 66.7 92.8 79.1 89.3 Accounts Receivable 87.1 69.6 67.9 76.9 85.2 Inventory 34.7 32.5 28.1 32.8 33.5 Total Current Assets 169.2 168.8 188.8 188.8 208 Net Property, Plant & Equip. 248.8 238.7 312.4 341.9 351.2 Goodwill & Intangibles 358.3 358.3 358.3 358.3 358.3 Total Assets 776.3 765.8…
The Lancaster Corporation's income statement is given below. Sales Cost of goods sold Gross profit Fixed charges (other than interest) Income before interest and taxes Interest Income before taxes Taxes (35%) Income after taxes LANCASTER CORPORATION a. What is the times-interest-earned ratio? Note: Round your answer to 2 decimal places. Times interest earned Fixed charge coverage times b. What would be the fixed-charge-coverage ratio? Note: Round your answer to 2 decimal places. times $ 223,000 155,000 $ 68,000 33,100 $ 34,900 13,400 $ 21,500 7,525 $ 13,975
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Hi, How do I calculate these ratios? And what are the formulas to calculate them Thanks
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