complete either through excel 2016 01 2017-01 2016 01 2017-01 15498 20719 10842
ID: 2788552 • Letter: C
Question
complete either through excel
2016 01 2017-01 2016 01 2017-01 15498 20719 10842 14324 4657 6395 Cost of revenue Gross profit Operating expenses Sales, General and administrative Other operating expenses Totaloperating expenses Operating income Interest Expense Other income (expense) Income before income taxes Provision for income taxes Current assets Cash and cash equivalerts Short term Investments Total cash 3607 4690 3607 4690 Receivables 10501705 870 155 138 2886 2866 Deferred income taxes Prepaid expenses 156 64 3936 3938 1329 433 282 896 v Total current assets Non-current assets Property, plant and equipment Land Fixtures and equipment Other properties Property and equipment, at cos et income from continuing operations Net icome 896 2458 2735 2659 2881 2694 3126 3116 5022 5024 3675 3574 5298 Property, plant and equipment, net Equity 82 and other investments Intangble assets Deferred incorne taxes Other long term assets Total non-current assets 61 51 11965 11764 15901 15702 Liabilities and stockholders' equity Liabilities Current liabligies Short-term debt Accounts payable Taxes payable Accrued liablities Other current liabiities Total current lia bilities Non-current liablitles Long-term deb Deferred taxes liablities Other lone-term liabilities Total non-current liabilities 1081-1521 1252 1120 156 253 349 349 230 232 2106 2095 7238 6170 1587 1459 574-578 9399 8206 11494 10312 Total liabilties Stockholders equity Common stock 2391 Retained earrings Accumulated other comprehensive income Total stockholders' equity Total liabilities and stockholders'equi 2056 2953 38 4407 5390 15901 15702 Use the statements above to compute the FOLLOWING RATIO FOR 2017 4. Quick Ratio XX x 5. Payables deferral period 2 6. Total asset turnoverX X 7. Times interest owned x 8. Basic earning power 9. Return on AssetsExplanation / Answer
Quick ratio = (Current assets - inventory - prepaid expenses) / current liabilities
= ($3938 - $2866 - $64) / $2106
= 0.48 times
Payables deferral period = Payables / cost of goods sold * 360 days
= $1120 / $14324 * 360 days
= 28.14 days
Total asset turnover = Net sales / average total assets
= $20719 / ($15702 + $15901)/2
= $20719 / +$15801.5
= 1.31 times
Basic earning power = EBIT / total assets
= $1705 / $15702
= 0.11
Return on assets = Net income / total assets
= $896 / $15702
= 5.71%.
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