ratios

Project Description:

as loan analyst for madison bank, you have been presented the following information.


plunkett co.

herring co.
assets

cash $128,600 $328,300
receivables 228,000 306,100
inventories 572,800 511,700
total current assets 929,400 1,146,100
other assets 494,700 619,700
total assets $1,424,100 $1,765,800

liabilities and stockholders’ equity

current liabilities $306,100 $349,400
long-term liabilities 405,900 494,700
capital stock and retained earnings 712,100 921,700
total liabilities and stockholders’ equity $1,424,100 $1,765,800
annual sales $950,400 $1,495,500
rate of gross profit on sales 30 % 40 %

each of these companies has requested a loan of $50,700 for 6 months with no collateral offered. in as much as your bank has reached its quota for loans of this type, only one of these requests is to be granted.

compute the various ratios for each company. (round answer to 2 decimal places, e.g. 2.25.)


plunkett co.

herring co.
current ratio
: 1
: 1
acid-test ratio
: 1
: 1
accounts receivable turnover
times
times
inventory turnover
times
times
cash to current liabilities
: 1
: 1
Skills Required:
Project Stats:

Price Type: Negotiable

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