Cristal Clear, Inc. Ratios 2020 2019 Liquidity Ratios Current Ratio 2.35x Ratio Quick Ratio Ratio 0.80x Efficiency Ratios Inventory Turnover Ratio Ratio 3.50x A/R Turnover Ratio 14.00x Ratio Average Collection Period Ratio 40.00 days Fixed Asset Turnover 15.00x Ratio Total Asset Turnover Ratio Ratio Leverage Ratios Total Debt Ratio 60.00% Ratio Long-Term Debt Ratio Ratio 35.00% LTD to Total Capitalization Ratio Ratio Debt to Equity Ratio Ratio Long-Term Debt to Equity Ratio Ratio Coverage Ratios Times Interest Earned Ratio 4.00x Cash Coverage Ratio 3.00x Ratio Profitability Ratios Gross Profit Margin Ratio Ratio Operating Profit Margin Ratio Ratio Net Profit Margin Ratio 3.00% Return on Total Assets 4.20% Ratio Return on Equity Ratio 12.00% Return on Common Equity Ratio Ratio Cristal Clear, Inc. Cristal Clear, Inc. Income Statement Balance Sheet For the Year Ended Dec. 31, 2020 As of Dec. 31, 2020 2020 2019 Assets 2020 2019 Sales Ratio Ratio Cash and Equivalents 46,000 50,000 Cost of Goods Ratio 2,466,000 Accounts Receivable Ratio Ratio Gross Profit Formula Formula Inventory Formula Ratio G&A Expenses Formula 207,000 Total Current Assets Ratio Formula Other Expenses 115,000 Formula Plant & Equipment Formula 435,000 Depreciation Ratio Ratio Accumulated Depreciation 146,000 Formula EBIT 173,000 Ratio Net Fixed Assets Formula Formula Interest Expense Formula 54,000 Total Assets Ratio 1,490,000 EBT Formula Formula Liabilities and Owners' Equity Taxes Formula Formula Accounts Payable Formula 131,000 Net Income 59,500 Formula Short-term Notes Payable 201,000 Formula Notes Other Current Liabilities 121,000 117,000 Tax Rate 40% Total Current Liabilities 480,000 Ratio Long-term Debt Formula Formula Total Liabilities Ratio Formula Common Stock Formula 408,000 Retained Earnings 199,000 Formula Total Shareholder's Equity Formula Ratio Total Liab. and OE Formula Formula a) Using the ratios provided, recreate the financial statements as shown using formulas, and complete the financial statements using formulas that refer to existing data to fill in the remaining cells (Identify and Access Needed Information & Analysis). Each ratio and formula is worth 0.30 point; total 19 pts. b) Interpretation: please describe your process of analyzing the given information, and interpret the results. Please include your written description in the “interpretation” tab. If you do not complete this section with your words or leave the interpretation tab as a blank, you receive 0 point in this HW.

Answer rating: 100% (QA)

Ratios Current Quick Ratio Efficiency ratios Turnover ratio Inventory Account Receivable Turnover ra... View the full answer