Question: Find: A. Current Ratio B. Operating return on assets C. Times interest earned D. Debt ratio E. Inventory turnover F. Average collection period G. Total
(Ratio anaysis) The balance sheet and income statement for the A Thiel Mtg. Company are given in the popup window EE Calculate the following ratios: a. Current ratio b. Operating return on assets a. The current ratio is 1.77 X. (Round to two decimal places.) b. The operating return on assets is 21.1%. (Round to one decimal place ) Data Table A. Thiel Mfg. Company Balance Sheet ($000) Cash Accounts receivable Inventories Current assets Net fixed assets Total assets 523 1,994 1,029 $ 3,546 4,513 $ 8,059 Print Done 6 Data Table otar assers 58,059 Accounts payable Accrued expenses Short-term notes payable Current liabilities Long-term debt Owners' equity Total liabilities and owners' equity $1,084 624 297 $ 2,005 1,985 4,069 $8,059 i Data Table Net sales (all credit) Cost of goods sold Gross profit Operating expenses (includes $509 depreciation) Operating income Interest expense Earnings before taxes Income taxes (40%) Net income 58,017 (3,320) $4,697 (2,998) $1,699 (326) $1,373 (549) S 824 Print Done
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