Question: Pls help Problem #1 (30 marks) Industry Prepare a ratio analysis for Halifax Sports Inc. using an excel spreadsheet. The firm has 2 million Ratio
Pls help
Problem #1 (30 marks) Industry Prepare a ratio analysis for Halifax Sports Inc. using an excel spreadsheet. The firm has 2 million Ratio Formula Values Calculation Average shares authorized and has 1 million shares issued and outstanding Current Ratio 1 20 Halifax Sports Inc. Halifax Sports Inc. Quick Ratio 2.10 Balance Sheet ($000) Balance Sheet ($000) Receivables turnover 9.86 ASSETS 2020 2019 2020 2019 Day's Sales in Recievables 37 00 Current Assets Sales Revenues 160,090 125,000 Inventory Tumover 2.50 Cash 485 9.000 Cost of Goods Sold 95,000 75,000 Day's Sales in Inventory 146.00 Short-term Investments 10 Contribution Margin 64,000 50.000 De be to Total Assets 58, 00% Cert of Deposit Operating Expenses Times Interest Earned 3.BO Accounts Receivable 16,000 12.500 Salaries 11,000 11/000 laventory 45. 500 Wages 15,000 12.500 Total Asset Turnover 1,14 Total Current Assets 62,000 50.500 1 40 General/Admin 10,000 10.000 Fixed Asset Turnover Land 26,000 20,000 Amort/Depr. 10,000 Return on Total Assets 4.00% Buildings and Equipment 100,000 70,000 Interest 6,100 3.000 Return on Equity 15.00%% Accumulated Amortization 38.000 78 020 Earnings B4 Taxes 10.900 1000 Gross Profit Margin 38.00% Net Plant & Equipment 38.000 52.090 Taxes 5,450 4,500 Operating Profit Margin 10.00% TOTAL ASSETS 150.000 112 500 Earnings After tax 5.450 1 500 Profit Margin 3.50% LIABILITIES and SHAREHOLDERS EQUITY Current Liabilities You need to show your work for your calculations. For example Accounts Payable 22,000 10.500 Equity Multiplier Bank Note 40,000 10,000 Assets 150.000 2.584 Taxes Payable 2,500 2,000 Accrued Expenses 5,000 Equity 58,050 Total Current Liabilities 65,000 27,500 Long Term Debt First Mortgage Bonds b) Complete the cash flow statement for 2020 using an excel spreadsheet. (5 marks) 20,000 22.000 Debenture Bonds 2,950 6 750 c) Complete the Sources and Uses Statement for 2020 using an excel spreadsheet. (5 marks) Total Liabilities 22 950 28,750 d) Complete the Cash Flow Identity Statement for 2020 using an excel spreadsheet. (5 marks) Equity e) Complete common size statements for both the income statement and balance sheets for Common Shares 31,500 31,500 both years using an excel spreadsheet. (10 marks) Retained Earnings 26,550 24,750 1) Use the Dupont ratio to calculate the ROE and which ratio should the firm try to improve? Total Equity 58 050 56,250 (4 marks) a) Using an excel spreadsheet calculate the following for both years: 30 marks NOTE: the use of the excel spreadsheet is mandatory and the excel spreadsheet must be embedded in the word document. Submitting a separate file to the spreadsheet is not acceptable. If the spreadsheet is not used, a mark of O will be applied to the