.Calculate the financial ratios of Spinneys in 2022 and 2021.

1. Current Ratio

2. Quick Ratio

3. Operating Profit Ratio

4. Fixed Assets Turnover Ratio

5. Account Receivable Ratio

6. Debt Equity Ratio

7. Days Inventory Outstanding ratio

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Q4) Consider the financial statement of Spinneys given in the table below. Spinneys Income Statement Net operating revenues Cost of goods sold Gross Profit Selling, general and administrative expenses Operating income Interest expense Other income (loss)- net Income before taxes Income taxes Other expenses Net income Balance Sheet Assets Cash and cash equivalents Short term investments Net receivables Inventories Total current assets Property, plant and equipment Goodwill Other assets Total assets Liabilities and Stockholder Equity Accounts payable Short-term debt Other current liability 2022 81200+1000 Group number 61500+1000 Group number 21300 2022 16500 2022 5300 1000 600 5000 2000 700 3400 2100 500 1400 7000+200*Group number 10200 21000 3800 1300 34700 10700 1500 600 2021 81400 61400 20600 16100 5100 1000 600 4700 2000 600 3200 2021 2000 500 1300 7500 10300 19700 3600 1300 33200 2021 10100 2100 600 Q4) Consider the financial statement of Spinneys given in the table below. Spinneys Income Statement Net operating revenues Cost of goods sold Gross Profit Selling, general and administrative expenses Operating income Interest expense Other income (loss)- net Income before taxes Income taxes Other expenses Net income Balance Sheet Assets Cash and cash equivalents Short term investments Net receivables Inventories Total current assets Property, plant and equipment Goodwill Other assets Total assets Liabilities and Stockholder Equity Accounts payable Short-term debt Other current liability 2022 81200+1000 Group number 61500+1000 Group number 21300 2022 16500 2022 5300 1000 600 5000 2000 700 3400 2100 500 1400 7000+200*Group number 10200 21000 3800 1300 34700 10700 1500 600 2021 81400 61400 20600 16100 5100 1000 600 4700 2000 600 3200 2021 2000 500 1300 7500 10300 19700 3600 1300 33200 2021 10100 2100 600

Answer rating: 100% (QA)

SOLUTION Here are the financial ratios for Spinneys in 2022 and 2021 based on the information provided 1 Current Ratio Current Ratio Current Assets Current Liabilities 10200 500 10700 1500 600 10851 I... View the full answer