Question: Income statement and balance sheet data for Virtual Gaming Systems

Income statement and balance sheet data for Virtual Gaming Systems are provided below.


Required:
1. Calculate the following risk ratios for 2015 and 2016:
a. Receivables turnover ratio.
b. Inventory turnover ratio.
c. Current ratio.
d. Debt to equity ratio.
2. Calculate the following profitability ratios for 2015 and 2016:
a. Gross profit ratio.
b. Return on assets.
c. Profit margin.
d. Asset turnover.
3. Based on the ratios calculated, determine whether overall risk and profitability improved from 2015 to2016.
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  • CreatedJuly 15, 2014
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