Question: Need help with what I got wrong, please. December 31 2017 2016 Cash and cash equivalents $3,367,914 $3,393,216 Restricted cash 155,323 105,519 ws Net receivables

Need help with what I got wrong, please.

Need help with what I got wrong, please. December 31 2017 2016

December 31 2017 2016 Cash and cash equivalents $3,367,914 $3,393,216 Restricted cash 155,323 105,519 ws Net receivables Nec receivab 515,381 499,142 Inventory 2,263,537 2,067,454 40. Other current assets 268,365 194,465 Current assets 6,570,520 6,259,796 Current liabilities 7,674,670 5,827,005 Total liabilities 23,022,880 16,750,162 Stockholders' equity 5,632.392 5,913,909 Year ended December 31, 2017 Lass before income taxes $12,209,032) Interest expense 471,259 Cash flows from operating activities (60,654) Capital expenditures (3,414,814) Support a. Compute the current ratio and quick ratio for each year. Note: Round answers to two decimal places. 2016 Current ratio Quick ratio 2017 0.85 X 0.5 X 1.07 0.66 x b. Compute the debt-to-equity ratio for 2017 and 2016 and the times-interest-earned ratio for 2017, Note: Round answers to two decimal places. Use a negative sign with your answer, if appropriate 2017 2016 Debt-to-equity ratio 4.08 X 2.83 Times interest earned ratia OX c. Compute the cash burn rate for 2017. Note: Round answer to the nearest whole number. Use a negative sign with your answer, if appropriate. $ 2,109 x thousand per day

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

\f