(Calculating financial ratios) The balance sheet and income statement for the J. P. Robard Mfg. Company...
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(Calculating financial ratios) The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows:Calculate the following ratios: Operating return on assets Debt ratio Average collection period Fixed asset turnover Return on equity Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin The company's current ratio is (Round to two decimal places.) Cash Accounts receivable Inventories Current assets Net fixed assets Total assets Accounts payable Accrued expenses Short-term notes payable Current liabilities Long-term debt Owners' equity J. P. Robard Mfg., Inc. Balance Sheet ($000) Total liabilities and owners' equity (Click on the icon in order to copy its contents into a spreadsheet.) J. P. Robard Mfg., Inc. Income Statement ($000) Net sales (all credit) Cost of goods sold $470 1,990 1,000 $3,460 4,560 $8,020 $1,020 600 350 $1,970 1,980 4,070 $8,020 $7,970 (3,370) Net sales (all credit) Cost of goods sold Gross profit J. P. Robard Mfg., Inc. Income Statement ($000) Operating expenses (includes $500 depreciation) Net operating income Interest expense Earnings before taxes Income taxes (35%) Net income $7,970 (3,370) $4,600 (2,950) $1,650 (370) $1,280 (448) $832 (Calculating financial ratios) The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows:Calculate the following ratios: Operating return on assets Debt ratio Average collection period Fixed asset turnover Return on equity Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin The company's current ratio is (Round to two decimal places.) Cash Accounts receivable Inventories Current assets Net fixed assets Total assets Accounts payable Accrued expenses Short-term notes payable Current liabilities Long-term debt Owners' equity J. P. Robard Mfg., Inc. Balance Sheet ($000) Total liabilities and owners' equity (Click on the icon in order to copy its contents into a spreadsheet.) J. P. Robard Mfg., Inc. Income Statement ($000) Net sales (all credit) Cost of goods sold $470 1,990 1,000 $3,460 4,560 $8,020 $1,020 600 350 $1,970 1,980 4,070 $8,020 $7,970 (3,370) Net sales (all credit) Cost of goods sold Gross profit J. P. Robard Mfg., Inc. Income Statement ($000) Operating expenses (includes $500 depreciation) Net operating income Interest expense Earnings before taxes Income taxes (35%) Net income $7,970 (3,370) $4,600 (2,950) $1,650 (370) $1,280 (448) $832
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1 Current ratio current assetscurrent liabilities 34600001980000 175 2 Tim... View the full answer
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
Posted Date:
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