2. Inventory turnover for 2015 5. Accounts receivable turnover for 2015 6. Debt

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2. Inventory turnover for 2015 5. Accounts receivable turnover for 2015 6. Debt ratio for 2015 8. Earnings per share for 2015
014 e) See Example 8 Net Sales 9 Cost of Goods Sold 10 Interest Expense 11 Other Expenses 12 Net Income e The Profit Margin Ratio For 2015 Net Income/Net Sales Current Assests/Current Liabilities Cost of goods sold/Average inventory Gross Profit/Net sales 365 days/Anventory turnover Net credit sales/Average net accounts receiveable 28,400,000.00 40,000.00 1) Current Ratio For 2015 8,400,000.00 5,800,000.00 S 15.500,000590000 enory Turnover for 2015 WIN'S COMPANIES Balance Sheet May 31, 2015 and 2014 3) Gross Profit Percentage For 2015 4) Days Sales In Inventory For 2015 S) Accounts Recelvable Turnover For 2015 19 ASSETS 20 Cash 21 Short-Term Investments 22 Accounts Receivable 23 Merchandise Inventory 24 Other Carrent Assets 25 Total Current Assets S 2,000,000 7,400,000 10,000,000 900,000 6) Debt Ratio For 2015 5,300,000 7) Rate of Return On Total Assets For 2015 1,800,000 8) Earmings Per Share For 2015 26,000,000 9) Price/Earmings Ratio For 2015 Net income/Average total assets Net income Preferred Dividends/Welghted avg. common share Market price per share/Earnings per share Net sales/Average total assets $ 54,300,000 25,200,000 All Other Assets 34,000,000 27 Total Assets $ 88,300,00051,200,000.00 10) Asset Turnover Ratio For 2015 29 LIABILITIES 30 Tital Current Liabilities 31 Long Term Liabilities 32 Total Liabilities $ 33,000,000 13,100,000 45,300,000 23,00,000 34 STOCKHOLDER'S EQUITY $ 11,000,000 5 11,000,000 Common Stock 36 Retained Eamings 37 Total Equity 8 Total Liabilities and Equity 27,500,000 $ 88.00.000- 120.000 43,000,000 10 Win's Common Shares Outstanding During 2015 41 Market Price Per Share Of Stock In 2015 R Ratio Analysis Production Cost Report Operating Budget NPY &

Explanation / Answer

1 inventory turnover = cogs / average inventory

average inventory = (6900000+8200000)/2

=7550000

inventory turnover =28400000/7550000

= 3.77

2  The formula for calculating credit sales is cash received minus receivables at the start of the period, plus receivables at the end of the period.

credit sales= 2000000-900000-5300000+7400000

= 3200000

average reciveables=7400000+5300000/2

=6350000

Accounts recieable turnover = 3200000/6350000

=0.5

3 debt ratio = total liablities / total asset

= 45300000/88300000

= 0.51

4 eps = total earnings / share outstanding

= 32000000 / 500000

= 64

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