(@@@1) Calculate the following liquidity ratios for Company J: Current Ratio Quick Ratio Given the following financial information: Current Assets: $500,000 Current Liabilities: $200,000 Inventory: $150,000 Prepaid Expenses: $30,000 Accounts Receivable: $80,000 Cash: $50,000 @@@ This question already posted and got correct answer. dont answer this question, i will give 10 dislikes,. do not copy from chatgpt or any ai @@@
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- V. Direction: Solve the following problems using financial ratios. Write the answer on the blank. 1. Current assets is P20,000, current liabilities is P30,000. What is the current ratio? 2. Inventory is P15,000; Accounts Payable is P45,000. Cash and accounts receivable total P8,000. What is the current ratio? What is the quick ratio? 3. If current ratio is 1.5, what is the total accounts receivable if cash is P220,000, inventory is P75,000, and accounts payable is P330,000? 4. Cash is 30% of total current assets. If current ratio is 2.5, what is the new current ratio if total non- cash current assets grow by 50%? 5. The total asset is P1,500,000. Sales is P4,500,000. What is the asset turnover? 6. Accounts receivable turnover is 8. What is the average collection period assuming annual data What is the average collection period if quarterly data are used? are used? 7. Sales for the year amount to P3,000,000, Accounts receivable is P360,000. What is the average collection period assuming…You are given the following information. What is your liquidity ratio? Annual disposable income: $45,000 Total liabilities: $17,400 Annual savings: $2,400 Long-term assets: $85,000 Current ratio: 2 Debt-to-asset ratio: 0.2 Select one: a. 0.90 b. 0.56 c. 0.89 d. 0.53View the financial ratios, and write a 100 word minimum analysis in complete sentences interpreting at least one ratio from each category provided. (i.e. select at least one liquidity ratio and one profitability ratio to interpret) Period Ending: 12/31/2020 12/31/2019 12/31/2018 12/31/2017 Liquidity Ratios Current Ratio 188% 113% 83% 86% Quick Ratio 159% 80% 52% 56% Cash Ratio 136% 59% 39% 46% Profitability Ratios Gross Margin 21% 17% 19% 19% Operating Margin 6% 0% 0% 0% Pre-Tax Margin 4% 0% 0% 0% Profit Margin 2% 0% 0% 0% Pre-Tax ROE 5% 0% 0% 0% After Tax ROE 3% 0% 0% 0%
- Liquidity Ratio You have the following info on Marco's Polo Shop: Total Liabilites and equity = $211 million Current Liabilities = $51 million Inventory = $66 million Quick Ratio = 1.4 times Using the info what is the balance for fixed assets on Marco's Polo balance sheet?Given the following information, compute the current and quick ratios: Cash $ 150,000 Accounts receivable 308,000 Inventory 485,000 Current liabilities 500,000 Long-term debt 583,000 Equity 597,000 Round your answers to two decimal places. Current ratio: :1 Quick ratio: :1Assume the following information is given:Income statementNet sales sh. 200,000Operating income 10,000 Balance sheetCurrent assets 95,000Total assets 150,000 Current liabilities 80,000Total liabilities 125,000Retained earnings 25,000 The market value of equity is sh. 300,000Required:Evaluate the credit worthiness of the borrower using Altman Z
- From the balance sheet prepare a proforma income statement where revenues can increase by 2% and the firm can borrow at 5.5% BALANCE SHEET 2021 Cash and cash equivalents 280 Receivables 2588 Inventory 2516 Other CA 189 TOTAL CA 5573 Fixed assets 5024 TOTAL ASSETS 10597 Accounts payable 4713 Short term debt 78 TOTAL CL 4790 LT debt 921 Shareh. Equity 4886 TOTAL LIAB. AND SHARH. EQUITY 10597 INCOME STATEMENT 2021 Sales 19418 COGS 13136 Depreciations 354 SG&A 4952 EBIT 976 Interest Expenses 52 Tax 268 Net income 656 Pro-forma statement Pro Forma Forecasts Actual Projected Projected Projected Projected Projected 2021 2022 2023 2024 2025 2026 COGS/REVENUES SGA/SALES INVENTORIES/COGS OTHER CA/SALES AR/SALES AP/COGS SALES/FIXED ASSETS DEPR/ FIXED ASSETS EQUITY/INVESTED CAPITAL ST DEBT/INVESTED…Calculating the Current Ratio and the Quick (or Acid-Test) Ratio Hannah Company has current assets equal to $3,800,000. Of these, $1,200,000 is cash, $1,800,000 is accounts receivable, $500,000 is inventory, and the remainder is marketable securities. Current liabilities total $2,073,000. Required: Note: Round answers to two decimal places. 1. Calculate the current ratio.fill in the blank 1 2. Calculate the quick ratio (acid-test ratio).fill in the blank 2Using the data below, calculate the following ratios. Cash 4500 Accts Payable 4400 Accounts Receivable 6200 Wages Payable 2100 Inventory 7000 Notes Payable 4000 Plant & Equipment 7300 Long Term Debt 5000 Equity 9500 Sales = 28,400 Net Income = 2,300 EBIT = 1,00 Interest Charge = 850 Current Ratio b. Quick Ratio Total Asset Turnover d. Fixed Asset Turnover Inventory Turnover f. Interest Coverage TIE Equity Multiplier Tot Assets/Equity h. L/T Debt Ratio ROA…
- Calculating the Current Ratio and the Quick (or Acid-Test) Ratio LoLo Lemon Company has current assets equal to $500,000. Of these, $300,000 is cash, $75,000 is accounts receivable, $125,000 is inventory, and the remainder is marketable securities. Current liabilities total $425,000. Required: Note: Round answers to two decimal places. 1 Esiculate the current ratio. 2. Calculate the quick ratio (acid-test ratio).Ratios Analyses: McCormick Refer to the information for McCormick above. Additional information for 20X3 it as follows (amounts in millions): Required: Next Level Compute the following for 20X3. Provide a brief description of what each ratio reveals about McCormick 1. return on common equity 2. debt-to-assets 3. debt-toequity 4. current 5. quick (McCormick uses cash and equivalents, short-term securities and receivables in their quick ratio calculation.) 6. inventory turnover days 7. accounts receivable turnover days 8. accounts payable turnover days 9. operating cycle (in days) 10. total asset turnover Use the following information for 14-17 and 14-18: The Hershey Company is one of the worlds leading producers of chocolates, candies, and confections. It sells chocolates and candies, mints and gums, baking ingredients, toppings, and beverages. Hersheys consolidated balance sheets for 20X2 and 20X3 follow.Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: 1. Calculate the return on sales. (Note: Round the percent to two decimal places.) 2. CONCEPTUAL CONNECTION Briefly explain the meaning of the return on sales ratio, and comment on whether Juroes return on sales ratio appears appropriate.