Dana Dairy Products Key Ratios Actual 2013 Actual 2012 1.0 0.75 Industry Average
ID: 2723358 • Letter: D
Question
Dana Dairy Products Key Ratios Actual 2013 Actual 2012 1.0 0.75 Industry Average Balance Sheet Dana Dairy Products December 31,2013 Assets Current ratio Quick ratio Average collection period Inventory turnover Debt ratio Times interest earned Gross profit margin Net profit margin Return on total assets Return on equit 0.8 23 days 21.7 64.7% 30 days Cash Accounts receivable Inventories $ 1,000 8,900 4,350 $14,250 50% 5.5 Total current assets 1 36% 10% 29% 8.2% 120% $35,000 Gross fixed assets Less: Accumulated depreciation 0.5% 2.0% 4.0% Net fixed assets Total assets 21,750 $36,000 Liabilities&Stockholders;' Equi Income Statement Dana Dairy Products $9,000 6,675 $15,675 4,125 $19,800 1,000 15.200 $16,200 $36,000 Accounts payable Accruals For the Year Ended December 31, 2013 Total current liabilities Long-term debt $100,000 87,000 13,000 11,000 $ 2,000 500 $ 1,500 600 $ 900 Sales revenue Less: Cost of goods sold Gross profits ess: Operating expenses Operating profits Less: Interest expense Net profits before taxes Less: Taxes (40%) Net profits after taxes Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities & stockholders equityExplanation / Answer
2013 Current Ratio Current Asset/Current Liability =14250/15675 0.91 Quick Ratio Liquid Asset/Current Liability =(14250-4350)/15675 0.63 Average Collection Period Debtors/Net Sales X 365 =8900/100000 X 365 32 Inventory Turnover ratio Net Sales/Inventory =100000/4350 23 Debt Ratio Debt/Equity =19800/16200 122% Times Interest Earned EBIT/Interest =2000/500 4 Gross Profit Margin Ratio Gross Profit/Net Sale =13000/100000 13% Net Profit Margin Ratio Net Profit/Net Sale =900/100000 0.9% Return on Total Asset Net Profit/Total Asset =900/36000 2.5% Return on Equity Net Profit/Equity =900/16200 5.6%
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