Need to research and calculate 2018 financial ratios for The Clorox Company and Colgate Palmolive, and...
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Need to research and calculate 2018 financial ratios for The Clorox Company and Colgate Palmolive, and compare/analyze those results • Need to use the www.SEC.gov website to find the current financial statements for both companies • Need to use Excel Need to use the same the financial ratios as the McGraw Hill Connect Financial Analysis Case, as follows: • Working capital • Current assets - Current liabilities • Current ratio • Current assets / Current liabilities • Acid-test ratio Cash (including temporary cash investments) + Accounts receivable / Current liabilities Margin • Net income / Sales • Gross profit ratio = Gross profit / Net sales • Gross Margin, another name for Gross Profit. • Turnover • Net sales / Average total assets • Return on Investment (ROI) • Net income / Average total assets • Average total assets during the year • Return on Equity (ROE) • Net income / Average stockholders' equity • Inventory turnover • Cost of goods sold / Average inventories • Number of days' sales in inventory (use ending inventory) Average day's cost of goods sold = Annual cost of goods sold / 365 Accounts receivable turnover Sales / Average accounts receivable Number of days' sales in accounts receivable • Days' sales in accounts receivable = Accounts receivable at year-end / Average day's sales Average day's sales = Annual sales / 365 Need to research and calculate 2018 financial ratios for The Clorox Company and Colgate Palmolive, and compare/analyze those results • Need to use the www.SEC.gov website to find the current financial statements for both companies • Need to use Excel Need to use the same the financial ratios as the McGraw Hill Connect Financial Analysis Case, as follows: • Working capital • Current assets - Current liabilities • Current ratio • Current assets / Current liabilities • Acid-test ratio Cash (including temporary cash investments) + Accounts receivable / Current liabilities Margin • Net income / Sales • Gross profit ratio = Gross profit / Net sales • Gross Margin, another name for Gross Profit. • Turnover • Net sales / Average total assets • Return on Investment (ROI) • Net income / Average total assets • Average total assets during the year • Return on Equity (ROE) • Net income / Average stockholders' equity • Inventory turnover • Cost of goods sold / Average inventories • Number of days' sales in inventory (use ending inventory) Average day's cost of goods sold = Annual cost of goods sold / 365 Accounts receivable turnover Sales / Average accounts receivable Number of days' sales in accounts receivable • Days' sales in accounts receivable = Accounts receivable at year-end / Average day's sales Average day's sales = Annual sales / 365
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
Posted Date:
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