Jessica's Boutique has cash of $50, accounts receivable of $60, accounts payable of $400, and inventory of $100. What is the value of the quick ratio?
A firm has net working capital of $600, net fixed assets of $2,400, sales of $8,000, and current liabilities of $800. How many dollars worth of sales are generated from every $1 in total assets
Rosita's Restaurant has sales of $5,000, total debt of $1,300, total equity of $2,400, and a profit margin of 6%. What is the return on assets?
Samuelson's has a debt-equity ratio of 40%, sales of $8,000, net income of $600, and total debt of $2,400. What is the return on equity?
What is the quick ratio for 2011?
Jessica's Boutique has cash of $50, accounts receivable of $60, accounts payable of $400, and inventory of $100. What is the value of the quick ratio?
A firm has net working capital of $600, net fixed assets of $2,400, sales of $8,000, and current liabilities of $800. How many dollars worth of sales are generated from every $1 in total assets
Rosita's Restaurant has sales of $5,000, total debt of $1,300, total equity of $2,400, and a profit margin of 6%. What is the return on assets?
Samuelson's has a debt-equity ratio of 40%, sales of $8,000, net income of $600, and total debt of $2,400. What is the return on equity?
What is the quick ratio for 2011?
Related questions
Given the BS and IS for Simmons Mfg. Co., compute the ratios on the next page. For each ratio indicate if Simmons is doing better or worse than the industry average by providing an âxâ in the appropriate box. SHOW CALCULATIONS ON NEXT PAGE BELOW THE CHART. 15 points
SIMMONS MANUFACTURING COMPANY
Balance Sheet
Assets Liabilities and Stockholdersâ Equity
Cash $ 15,000 Accounts Payable $ 21,000
Accts. Receivable 22,000 Notes Payable 20,000
Inventory 30,000 Accrued Expenses 5,000
Current Assets 67,000 Current Liabilities 46,000
Net Fixed Assets 73,000 Long-Term Debt 30,000
Stockholdersâ Equity 64,000
Total Liabilities +
Total Assets $ 140,000 Stockholders equity $140,000
Income Statement
Sales (80% credit) $120,000
Less: COGS 45,000
Gross Profit 75,000
Selling & Administrative Expenses 20,000
Rent Expense (lease) 8,000
EBIT 47,000
Interest Expense 5,000
EBT 42,000
Taxes (25%) 10,500
Net Income $ 31,500
Common Shares outstanding 15,000
EPS $ 2.10
| Ratio | Ratio For Simmons | Industry Average Ratios | Better | Worse |
| Profit margin | 17.5% | |||
| Return on assets | 20.8% | |||
| Return on equity | 35% | |||
| Receivables Turnover | 4.44x | |||
| Avg. Collection Period | 68.0 days | |||
| Fixed asset turnover | 2.4x | |||
| Total asset turnover | .76x | |||
| Quick Ratio | .85 | |||
| Debt to Total Assets | .45 | |||
| Times interest earned | 12.0x |
