Question: hi i need help solving this problem from chapter 17 from the book of fundemantal accounting. thank you The 2017 four-year comparative financial statements of

hi i need help solving this problem from chapter 17 from the book of fundemantal accounting. thank you hi i need help solving this problem from chapter 17 from the

The 2017 four-year comparative financial statements of Digital Shelf Space Corp. follow: Digital Shelf Space Corp. Balance Sheet December 21 Assets 2017 2016 2015 2014 Cash $ 33,349 $ 27,718 $ 23.267 $ 20.938 Investments 56.000 72.000 56.000 40.000 Accounts receivable, not 120.207 50.086 31.304 17,200 Inventory 10.018 6.637 4 RSD 3.784 Prepaid expenses 1.602 876 537 344 Plant and equipment, net 548.800 627.200 705.600 784.000 Total assets $764976 $784 517 $821,538 1866.266 Uabilities and Equity Accounts payable $ 50,086 $33.182 $ 24.149 $18.920 Accrued wages payable 16.028 8.765 5.366 3.440 Income taxes payable 36.662 19.370 12.823 8.706 Long-term note payable, secured by mortgage on plant assets 459 200 515.200 571.200 627200 Common shares, 180,000 shares 176,000 176.000 176.000 176.000 Retained earnings. 32.000 32 000 32.000 32.000 Total liabilities and equity. $764976 $784 517 1821.528 $866 266 Digital Sholl Space Corp Income Statement For Years Ended December 31 Not sales Cost of goods sold Gross profit Operating expenses Operating profit Interest exponse Profit before tacos Income taxes Profit 2017 $1,001,728 500 864 $ 500.864 320,553 $ 180,311 27.552 152.754 36.662 $ 116,097 2016 2015 5626.080 447.200 331,822 241 488 $294.258 $205,712 175.302 107 328 $118.966 $ 98,384 30.012 34 272 $ 88,044 $ 64.112 19.370 12.822 $ 68,674 $ 51.290 2014 $344.000 189.200 $154,800 68 800 $ 86.000 37.632 $ 48.368 8.706 $ 39.662 Required: 1 Calculate the following for 2017 and 2016 and identify whether the ratios compare favourably (F) or unfavourably (U) from 2016 to 2017: (a) quick ratio. (b) inventory turnover, (c) accounts payable turnover, (d) debt ratio, (e) ratio of pledged assets to secured liabilities, (f) times interest earned, (g) profit margin, (h) return on total assets, and (1) book value per common share

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