F25 B Dj E Problem 3 20 Points Given the following Information on ABC Corp, calculate the ratios below ABC Corp. Year end statements Balance Sheet 12/31/18 Balance Sheet 12/31/17 LIABILITIES ASSETS 2018 LIABILITIES 2018 ASSETS 2017 2017 Cash Acceunts Payable Cash 3,000,000- 1,700,000 3,300,000 Accounts Payable 2000.000 Accounts Recievable 2,000,000 Current portion ofLTD 900,000 Accounts Recievable 2,500,000 Curent portion of LTD 1,000000 9Inventory 0 Total Current Assets 1,400,000 nventory 3,000,000- Accrued Liabilities 3,200,000 1,000.000 Accrued Liabilities S 4,000,000 8,000,000 Total Current Liabilities Total Current Assets Total Curent Lisbilities 9,000,000 4,000,000 1 2 Property Plant & Equipment, net Property Plant & Equipment, net 8,000,000 Long Tem Debt (LTD 8,000,000 9,000,000 Long Tem Debt (LTD 9,000,000 3 4 Other Assets 2,000,000 Shareholder's Equity Other Assets 5,000,000 Shareholder's Equty 6,000,000- 2,000,000 Tetal Assets 18,000,000| 18,000,000 Tetal Liabities & Equity Total Assets S 19,000,000 Total Liabilities & Equity 19.000,000 7 Income Statement FY 12/31 Answers go in the yellow boxes 2018 Revenae $ 15,000,000 5,000.000 10,000,000 2Cost of Goods Sold 23Gross Profit Current ratio 12/31/18 Accounts Receivable Trnover (2018) Total Asset Turnover (2018) Inventory Trnover (2018) Liablties to Equity 12/31/18 Revenue to Cash (2018) 24 Selling General & Admin e Research and Development Depreciation and Amortization Total Operating expenses 3,000,000 1,500,000 1,500,000 Days revenue in Cash (2018) Days Inventory (2018) Return on Assets (2018) Return on Equity (2018) 6,000,000 5 Operating Profit 4,000,000 31 2 2 Interest Income 100,000 Interest Expense 700,000 20 4 s Pre tax Profit Tax (@219%) 7 Net income 3,400,000 714.000 $ 2,686,000 Prob. 2 Working Capital Prob, 1- Income Stmt Prob. 3 Ratios Select destinaton and press ENTER or choese Paste