calculate below Financial Ratios and analyze/ interpret ratio result as where is a problem as the compared
Fantastic news! We've Found the answer you've been seeking!
Question:
calculate below Financial Ratios and analyze/interpret ratio result as where is a problem as the compared industry average (attachment 3). Attached 3 files and the same data is copy-pasted in the end as well.
Note ** I have tried to add data for your convenience at the end which is the same as in the excel photo attached
Attached 1:
Attached 2:
Attached 3: Industry Average Ratio to compare with (Attachment 1 & 2) ratios
EXHIBIT 2: AVERAGE RATIOS FOR THE OTHER- Average
Comparable Current ratio 1.11 Quick ratio 0.97r Total asset turnover
1 .50 Receivable turnover 8.07 Average collection peri...
Transcribed Image Text:
Exhibit 1: University Club 10-year statement SUMMARY of financial position and income statement results Current Assets Cash G.S.T. Paid Fixed Assets Accounts Receiveable Inventory * Others Total Current Assets (including Cash on hand) Liabilities. Total Furniture Assets Accumulated Depreciation - Furniture Assets EQUITY Total Kitchen Assets (net of Depreciation) Total Other Equipment (net of Depreciation) Total Other Assets. Uclub Van (net of Depreciation) Inactive Total Fixed Assets Total Assets 552.57 $22,860.35 $ 24,234.35 $17,330.73 $ 11,916.48 $ 4,214.69 $ Total Leasehold Improvements (net of Depreciation) $ 17,779.85 $ 10,238.13 $ 17,952.58 $10,405.80 $ 63,145.32 $ 54,706.91 $46,643.06 $ 41,155.70 $ 36,018.11 $ $ 916.95 $ 8,767.23 $ (202.95) $ 33,803.70 $ 14,123.45 $ 10,592.47 $ 7,061.54 7,061.54 $ 3,499.91 $ 1,033.62 $ $ $ $ $ $ $ 31,757.23 $ 35,135.44 $ 47,330.72 $ 98,306.00 $ 79,517.38 $ 62,940.06 $ 57,414.53 $52,597.89 $ (541.69) $ (1,976.81) $ (8,065.76) $ (704.58) $ 6,456.55 $ 5,541.02 $ 4,332.53 $ 10,990.99 $ Total Current Liabilities Total Liabilities Total Equity 2008 2009 2010 2011 2012 2013 2014 2015 2016 $ $ 52.02 $ 2007 6,852.09 $ 31,086.99 $ 20,191.39 $ 86,280.23 $ 19,693.77 $ 22,587.26 $ 68,690.04 $ 19,413.71 $ 100,904.43 $ 25,070.41 $ 65.93 $ 16.68 $ 86.34 $ 45.59 $ 17.07 $ (4.00) $ (52.10) $ 12.78 96,868.09 $ 78,020.13 $ 56,204.26 $ 19,313.54 $123,343.67 $110,080.57 $107,439.61 $ 93,001.76 $ 65,713.22 $ 38,968.40 16,700.69 $ 17,807.14 $ 19,775.74 $ 22,865.45 $ 24,576.39 $ 24,943.24 $27,487.93 $ 22,186.18 $ 22,188.27 $ 19,946.68 4,003.93 $ 12,209.62 $ 15,141.45 $ 14,852.12 $14,852.12 $14,852.12 $14,852.12 $ 51,182.24 $ 51,182.24 $ 51,859.06 $ 124,424.80 $ 139,189.81 $111,329.53 $143,397.68 $182,511.55 $172,480.25 $218,465.69 $185,835.90 $ 239,936.06 $ 135,857.32 $ $ $ Total Liabilities and Equity $ 66,104.65 $ 67,268.65 $ 74,805.99 $ 81,385.87 $ 86,135.89 $86,135.89 $ 87,342.26 $ 84,727.16 $ 84,727.16 $ 84,727.16 $ (66,104.65) $ (67,268.65) $ (71,846.23) $ (77,274.11) $ (82,282.48) $ (84,423.18) $ (86,503.39) $ (84,727.16) $ (84,727.16) $ (84,727.16) 3,078.05 $ 2,891.27 $ 3,573.01 $5,767.02 $ 5,767.02 $ 3,541.65 $ 12,044.14 $ 13,270.45 $ 5,802.99 $ $ 6,086.84 $ $ $ $ 1,372.75 $ 6,361.98 $ $ 11,007.17 $ 0.05 $ - $ $ 2,392.38 $ 545.20 29,322.46 35,670.65 11,359.98 $ 169,235.67 $ 170,405.35 $144,488.15 $182,662.63 $280,112.97 $258,454.18 $286,946.77 $247,582.96 $ 303,524.95 $182,887.95 $ 296,053.86 $ 310,082.75 $ 16,775.24 $ 58,706.94 $171,680.62 $159,622.29 $149,142.03 $148,168.43 $ 244,463.16 $ 166,970.29 $ 296,053.86 $ 310,082.75 $ 16,775.24 $ 58,706.94 $171,680.62 $159,622.29 $149,142.03 $148,168.43 $ 244,463.16 $ 166,970.29 $ (126,818.18) $(139,677.40) $127,712.91 $123,955.69 $108,432.35 $ 98,831.88 $137,804.74 $ 99,414.53 $ 59,061.78 $ 15,917.66 $ 169,235.67 $ 170,405.35 $144,488.15 $182,662.63 $280,112.97 $258,454.18 $286,946.77 $247,582.96 $ 303,524.95 $ 182,887.95 Exhibit 1: University Club 10-year statement SUMMARY of financial position and income statement results Current Assets Cash G.S.T. Paid Fixed Assets Accounts Receiveable Inventory * Others Total Current Assets (including Cash on hand) Liabilities. Total Furniture Assets Accumulated Depreciation - Furniture Assets EQUITY Total Kitchen Assets (net of Depreciation) Total Other Equipment (net of Depreciation) Total Other Assets. Uclub Van (net of Depreciation) Inactive Total Fixed Assets Total Assets 552.57 $22,860.35 $ 24,234.35 $17,330.73 $ 11,916.48 $ 4,214.69 $ Total Leasehold Improvements (net of Depreciation) $ 17,779.85 $ 10,238.13 $ 17,952.58 $10,405.80 $ 63,145.32 $ 54,706.91 $46,643.06 $ 41,155.70 $ 36,018.11 $ $ 916.95 $ 8,767.23 $ (202.95) $ 33,803.70 $ 14,123.45 $ 10,592.47 $ 7,061.54 7,061.54 $ 3,499.91 $ 1,033.62 $ $ $ $ $ $ $ 31,757.23 $ 35,135.44 $ 47,330.72 $ 98,306.00 $ 79,517.38 $ 62,940.06 $ 57,414.53 $52,597.89 $ (541.69) $ (1,976.81) $ (8,065.76) $ (704.58) $ 6,456.55 $ 5,541.02 $ 4,332.53 $ 10,990.99 $ Total Current Liabilities Total Liabilities Total Equity 2008 2009 2010 2011 2012 2013 2014 2015 2016 $ $ 52.02 $ 2007 6,852.09 $ 31,086.99 $ 20,191.39 $ 86,280.23 $ 19,693.77 $ 22,587.26 $ 68,690.04 $ 19,413.71 $ 100,904.43 $ 25,070.41 $ 65.93 $ 16.68 $ 86.34 $ 45.59 $ 17.07 $ (4.00) $ (52.10) $ 12.78 96,868.09 $ 78,020.13 $ 56,204.26 $ 19,313.54 $123,343.67 $110,080.57 $107,439.61 $ 93,001.76 $ 65,713.22 $ 38,968.40 16,700.69 $ 17,807.14 $ 19,775.74 $ 22,865.45 $ 24,576.39 $ 24,943.24 $27,487.93 $ 22,186.18 $ 22,188.27 $ 19,946.68 4,003.93 $ 12,209.62 $ 15,141.45 $ 14,852.12 $14,852.12 $14,852.12 $14,852.12 $ 51,182.24 $ 51,182.24 $ 51,859.06 $ 124,424.80 $ 139,189.81 $111,329.53 $143,397.68 $182,511.55 $172,480.25 $218,465.69 $185,835.90 $ 239,936.06 $ 135,857.32 $ $ $ Total Liabilities and Equity $ 66,104.65 $ 67,268.65 $ 74,805.99 $ 81,385.87 $ 86,135.89 $86,135.89 $ 87,342.26 $ 84,727.16 $ 84,727.16 $ 84,727.16 $ (66,104.65) $ (67,268.65) $ (71,846.23) $ (77,274.11) $ (82,282.48) $ (84,423.18) $ (86,503.39) $ (84,727.16) $ (84,727.16) $ (84,727.16) 3,078.05 $ 2,891.27 $ 3,573.01 $5,767.02 $ 5,767.02 $ 3,541.65 $ 12,044.14 $ 13,270.45 $ 5,802.99 $ $ 6,086.84 $ $ $ $ 1,372.75 $ 6,361.98 $ $ 11,007.17 $ 0.05 $ - $ $ 2,392.38 $ 545.20 29,322.46 35,670.65 11,359.98 $ 169,235.67 $ 170,405.35 $144,488.15 $182,662.63 $280,112.97 $258,454.18 $286,946.77 $247,582.96 $ 303,524.95 $182,887.95 $ 296,053.86 $ 310,082.75 $ 16,775.24 $ 58,706.94 $171,680.62 $159,622.29 $149,142.03 $148,168.43 $ 244,463.16 $ 166,970.29 $ 296,053.86 $ 310,082.75 $ 16,775.24 $ 58,706.94 $171,680.62 $159,622.29 $149,142.03 $148,168.43 $ 244,463.16 $ 166,970.29 $ (126,818.18) $(139,677.40) $127,712.91 $123,955.69 $108,432.35 $ 98,831.88 $137,804.74 $ 99,414.53 $ 59,061.78 $ 15,917.66 $ 169,235.67 $ 170,405.35 $144,488.15 $182,662.63 $280,112.97 $258,454.18 $286,946.77 $247,582.96 $ 303,524.95 $ 182,887.95
Expert Answer:
Answer rating: 100% (QA)
To calculate the financial ratios for the company provided in the exhibits well use the data from the balance sheets and income statements for the mos... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these accounting questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
In Exercises use a graphing utility to graph the curve represented by the parametric equations. Indicate the direction of the curve. Identify any points at which the curve is not smooth. Curtate...
-
Journalize the following transactions using the allowance method of accounting for uncollectible receivables: Sept. 19. Received $100 from Pat Roark and wrote off the remainder owed of $500 as...
-
Restate the following income statement for a retailer in contribution format. Sales revenue ($50 per unit) Less cost of goods sold ($16 per unit) Gross margin Less operating costs: Commissions...
-
The following events occurred after the end of the fiscal year but before the auditor issued a report. Which event would not require disclosure in the financial statements? a. Sale of a bond or...
-
Winners Trophy Company produces a variety of athletic awards, most of them in the form of trophies. Its deluxe trophy stands 3 feet tall above the base. The companys direct materials standards for...
-
Joe is given the following graph of f'(x), the derivative of y = f(x) defined on the interval-4x4. 2 He is asked to sketch a graph of f(x). Here is Joe's sketch: Did Joe sketch the function...
-
British-based SuperGroup, owner of Superdry and its carefully banded product lines, is taking actions to deal with recent performance problems. These problems manifested themselves in various ways,...
-
In a projectile motion, the horizontal range achieved is same whether the body is projected at theta and O 180 degree minus theta 180 O 120 degree minus theta O None of these O 60 degree minus theta...
-
A boxer tries to release his anger at a sheet of paper. He punches the sheet of paper in midair and brings it from rest to a speed of 30 m/s in only 0.06 s. (a) What is the horizontal acceleration of...
-
An ordinary flashlight is a very complicated instrument if we include the electrochemistry of the battery, the resistance of connections, and the thermodynamics of the bulb. What principles of...
-
A golfer on a fairway is 74 m from the green. The golfer hits a ball at an angle of 38.2 degrees above horizontal, with an initial speed of 17 m/s. The course is on a slope such that the ball lands...
-
Lola Lewis has loved fashion all her life and grew up wanting to have her very own shop where she could buy and sell different kinds of haute couture clothing. She achieved her goal March 2023. She...
-
Requirements 1. What is the company's contribution margin per unit? Contribution margin percentage? Total contribution margin? 2. What would the company's monthly operating income be if the company...
-
What is the company's return on equity (ROE) DuPont Analysis for 2022? Be sure to show all three parts of the ROE DuPont Analysis. Do not simply calculate the ROE. REC Corp. End-of-Year Balance...
-
During 2012, Cheng Book Store paid $483,000 for land and built a store in Georgetown. Prior to construction, the city of Georgetown charged Cheng $1,300 for a building permit, which Cheng paid. Cheng...
-
While preparing Massie Miller's 2012 Schedule A, you review the following list of possible charitable deductions provided by Massie: Cash contribution to a family whose house burned...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
-
Phil and Linda are 25-year-old newlyweds and file a joint tax return. Linda is covered by a retirement plan at work, but Phil is not. a. Assuming Phil's wages were $27,000 and Linda's wages were...
-
Given a forecast of 1,405 and an actual outcome of 1,670, what is the error in the forecast? What is the percent error?
-
Given a forecast of 2,105 and an actual outcome of 1,980, what is the error in the forecast? What is the percent error?
-
Here are the errors associated with a particular forecast over the past 5 months, in chronological order: 5, 10, -15, 0, 8. In which month was the forecast perfectly accurate? In which month was the...
Study smarter with the SolutionInn App