Nabisco Company's year-end balance sheets follow. Express the balance sheets in common-size percents. Round amounts to...

       

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Nabisco Company's year-end balance sheets follow. Express the balance sheets in common-size percents. Round amounts to the nearest one-tenth of a percent. Analyze and comment on the results. At December 31 2020 2019 2018 Assets Cash $ 38,229 $ 42,780 $ 44,562 Accounts receivable, net 106,073 76,377 57,087 Merchandise inventory 137,408 98,929 62,038 Prepaid expenses 11,548 11,003 4,903 Plant assets, net 335,317 311,062 272,710 Total assets ######## $540,151 $441,300 Liabilities and Equity Accounts payable Long-term notes payable secured $159,577 $ 94,024 $ 57,087 by mortgages on plant assets 116,618 127,962 99,478 Common stock, $10 par value Retained earnings 163,500 163,500 163,500 188,880 154,665 121,235 Total abilities and equity ######## $540,151 $441,300 Refer to Nabisco Company's balance sheets in Step 1. Analye its year-end short-term liquidity position at the end of 2020, 2019, and 2018 by computing (1) the current ratio and (2) the acid-test ratio. Comment on the ratio results. [Round ratio amounts to two decimals.) Refer to the Nabisco Company information in Step 1 above. The company's income statements for the years ended December 31, 2020 and 2019, follow. Assume that all sales are on credit and then compute for both years: (1) days' sales uncollected, (2) accounts receivable turnover, (3) inventory turnover, and (4) days' sales in inventory. Comment on the changes in the ratios. [Round amounts to one decimal.] At December 31 2020 Sales $ 685,000 2019 $ 557,000 Interest expense Income taxes Cost of goods sold Other operating expen: 207,282 Total costs and expenses $417,850 $ 356,265 141,971 8,175 12,900 8,960 12,450 646,207 519,646 Net income Earnings per share $ 38,793 $37,354 $ 2.37 $ 2.28 Refer to the Nabisco Company information in the Steps above. Compare the company's long-term risk and capital structure positions at the end of 2019 and 2020 by computing these ratios: (1) debt and equity ratios, (2) debt-to-equity ratio, and (3) times interest earned. Comment on these ratio results. Refer to the Nabisco Company information in Steps above. Evaluate the company's efficiency and profitability by computing the following for 2020 and 2019: (1) profit margin ratio, (2) total asset turnover, and (3) return on total assets. Comment on these ratio results. Nabisco Company's year-end balance sheets follow. Express the balance sheets in common-size percents. Round amounts to the nearest one-tenth of a percent. Analyze and comment on the results. At December 31 2020 2019 2018 Assets Cash $ 38,229 $ 42,780 $ 44,562 Accounts receivable, net 106,073 76,377 57,087 Merchandise inventory 137,408 98,929 62,038 Prepaid expenses 11,548 11,003 4,903 Plant assets, net 335,317 311,062 272,710 Total assets ######## $540,151 $441,300 Liabilities and Equity Accounts payable Long-term notes payable secured $159,577 $ 94,024 $ 57,087 by mortgages on plant assets 116,618 127,962 99,478 Common stock, $10 par value Retained earnings 163,500 163,500 163,500 188,880 154,665 121,235 Total abilities and equity ######## $540,151 $441,300 Refer to Nabisco Company's balance sheets in Step 1. Analye its year-end short-term liquidity position at the end of 2020, 2019, and 2018 by computing (1) the current ratio and (2) the acid-test ratio. Comment on the ratio results. [Round ratio amounts to two decimals.) Refer to the Nabisco Company information in Step 1 above. The company's income statements for the years ended December 31, 2020 and 2019, follow. Assume that all sales are on credit and then compute for both years: (1) days' sales uncollected, (2) accounts receivable turnover, (3) inventory turnover, and (4) days' sales in inventory. Comment on the changes in the ratios. [Round amounts to one decimal.] At December 31 2020 Sales $ 685,000 2019 $ 557,000 Interest expense Income taxes Cost of goods sold Other operating expen: 207,282 Total costs and expenses $417,850 $ 356,265 141,971 8,175 12,900 8,960 12,450 646,207 519,646 Net income Earnings per share $ 38,793 $37,354 $ 2.37 $ 2.28 Refer to the Nabisco Company information in the Steps above. Compare the company's long-term risk and capital structure positions at the end of 2019 and 2020 by computing these ratios: (1) debt and equity ratios, (2) debt-to-equity ratio, and (3) times interest earned. Comment on these ratio results. Refer to the Nabisco Company information in Steps above. Evaluate the company's efficiency and profitability by computing the following for 2020 and 2019: (1) profit margin ratio, (2) total asset turnover, and (3) return on total assets. Comment on these ratio results.