Consider the following balance sheet and income statement for Metro Eagle Outfitters, in condensed form, including some
Question:
Required
Calculate the following liquidity ratios for Metro Eagle in 2018 and 2019:
1. Inventory turnover.
2. Current ratio.
3. Quick ratio.
4. Cash flow ratio.
Transcribed Image Text:
Balance Sheet 2019 2018 2017 $ 630,992 46,321 332,452 132,035 1,141,800 $ 745,044 40,310 367,514 134,620 1,287,488 $ 734,693 36,721 301,208 101,788 1,174,410 Cash and short-term investments Accounts receivable Inventory Other current assets Total current assets Long-lived assets 582,832 $ 1,724,632 647,482 593,802 $ 1,934,970 $ 1,768,212 Total assets $ 432,902 503,445 1,221,187 $ 1,724,632 $ 405,401 517,786 1,417,184 $ 1,934,970 $ 387,837 417,141 1,351,071 $ 1,768,212 Current liabilities Total liabilities Shareholders' equity Total debt and equity Income Statement $ 3,120,065 1,975,471 $ 1,144,594 869,385 $ 275,209 $ 151,705 $ 3,475,802 2,085,480 $ 1,390,322 988,284 $ 402,038 $ 232,108 $ 2,945,294 1,763,143 $ 1,182,151 864,776 $ 317,375 $ 140,647 Sales Cost of sales Gross margin Operating expenses Earnings before interest and taxes Net income Interest paid in cash Taxes paid in cash 80 182 161 142,009 99,756 45,737 Cash Flows Cash flow from operations Capital expenditures $ 499,671 93,939 85,592 $ 398,137 89,466 85,592 $ 380,416 75,904 83,166 Dividends
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (5 reviews)
2019 2018 Inventory turnover 596 2085480332452 367...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
Cost Management A Strategic Emphasis
ISBN: 9781259917028
8th Edition
Authors: Edward Blocher, David F. Stout, Paul Juras, Steven Smith
Question Posted:
Students also viewed these Business questions
-
Consider the following balance sheet and income statement for Yum! Brands, Inc. (the company that operates Kentucky Fried Chicken and Pizza Hut), in condensed form, including some information from...
-
Consider the following balance sheet and income statement for Yum! Brands Inc. (the company that operates Kentucky Fried Chicken and Pizza Hut), in condensed form, including some information from the...
-
David Wright, CFA, an analyst with Blue River Investments, is considering buying a Montrose Cable Company corporate bond. He has collected the following balance sheet and income statement information...
-
The costs of achieving emission reductions in the future will depend greatly on the types of policies used to reduce emissions today. Explain.
-
Reach Out Card Company Limited reported the following for 2017: net sales revenue, $1.2 million; cost of goods sold, $750,000; selling and administrative expenses, $320,000; gain on disposal of...
-
The Francesca Finance Corporation has issued a bond with the following characteristics: Maturity25 years Coupon9% Yield to maturity9% Callableafter 3 years @ 109 Duration to maturity8.2 years...
-
Presented here are the amounts of Assets, Liabilities, Stockholders Equity, Revenues, and Expenses of Camp Out, Inc., at October 31,2011. The items are listed in alphabetical order. The retained...
-
Arun Company has had poor operating results for the past two years. As the accountant for Arun Company, you have the following information available to you: Total assets and owner's equity at the...
-
Case Study 48. Sustainability opportunity and threats analysis: water management at Billiton Mitsubishi Alliance (BMA), Australia (OECD/IEA, 2006) Aspects of water management by Billiton Mitsubishi...
-
1. You have just been named manager of recruiting at your firm. The senior executive team asks you to develop a scorecard that will enable it to assess the costs and benefits of recruitment efforts....
-
Refer to the information in Exercise 20-36. Data from Exercise 20-36 Williams Company is a manufacturer of auto parts having the following financial statements for 20182019. Required Develop a...
-
Using the information in Exercise 20-40 for Yum! Brands, determine the valuation of the company at the end of 2016 using each of the following three methods (round answers to the nearest whole...
-
If you are riding on a train that speed past another train moving in the same direction on an adjacent track, it appears that the other train is moving backward. Why?
-
You have been hired as a new fund manager by a large investment company that runs a number of mutual funds. You have been given $100 million to invest and have been assigned to start a new fund. It...
-
The deformation of a sheet of the metal unobtanium is recorded to be: 11 = 1.5 104 E12 2.5 x 10-5 E22 3.0 10-5 What are the volume and deviatoric strains of the sample? What are the principal strains...
-
1. After getting into the body of the person, thevirus enters into macrophages where RNAgenome of the virus replicates to form viral DNAwith the help of the enzyme reverse transcriptase.This viral...
-
Question 2: Consider filtrations Gn Fn, n = 0,1,. If {Mn)n0 is adapted to {Gn}nzo and is a martingale with respect to {F}n0, is it also a martingale with respect to {Gn}nzo?
-
Analytics Corporation was organized on January 1, current year. At the end of the current year, the following financial data are available: Total revenues Total expenses (excluding income taxes) $...
-
Are the following matrices symmetric, skew-symmetric, or orthogonal? Find the spectrum of each, thereby illustrating Theorems 1 and 5. Show your work in detail. -b
-
Is it ethical to provide safety training in English to immigrant workers who speak little English, in order to reduce costs?
-
What are the major advantages of total quality management as an approach for improving the quality of goods and services? What limitations can you think of?
-
AgriChem, Inc., has introduced an innovative new producta combination fertilizer, weed killer, and insecticide that makes it much easier for soybean farmers to produce a profitable crop. The product...
-
Review the Dell case at the beginning of the chapter and then discuss the compet i tive advantages that Barnes & Noble would have over a small bookshop. What advantages does a small bookshop have?
-
Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have been happy with the system, the factory...
-
Siblings, Aishwarya, Dhanya and Ganesh own properties around Malaysia and derive rental income from these properties. Listed below are the properties owned by them with the market value as at...
-
1. At an operational level in your own job role, how does each of the following impact you? Contents of national codes and standards that underpin regulatory requirements Reasons for food safety...
Study smarter with the SolutionInn App