Question: Plz complete 4.4 using 4.1,4.2 4.2 Prepare a common-size balance sheet from the following information for Abercrombie Supply Company Abercrombie Supply Company Balance Sheet as
Plz complete 4.4 using 4.1,4.2
4.2 Prepare a common-size balance sheet from the following information for Abercrombie Supply Company Abercrombie Supply Company Balance Sheet as of June 30, 2017 ($ thousands) Assets: Liabilities and Equity: Cash and marketable securities S 396,494 Accounts payable Accounts receivable 708,275 Notes payable Inventory 1.152,398 Accrued income taxes Other current assets 42,115 Total current liabilities Total current assets $2,299,282 Long-term debt Net plant and equipment 1.978,455 Total liabilities Common stock Retained earnings Total common equity Total assets $4,277,737 Total liabilities and equity $ 817.845 101.229 41.322 $ 960,396 1,149,520 $2,109,916 1,312,137 855,684 S2,167.821 54.277.737 Timestare h. Carrerage. 4.3 Using the 2017 data for the Abercrombie Supply Company, cal- culate the following liquidity ratios: a. Current ratio. b. Quick ratio. 4.4 Refer to the balance sheet and income statement for Abercrom- bie Supply Company for the year ended June 30, 2017. Calculate the following ratios: a. Inventory turnover b. Days' sales outstanding. er Totalasserter d. Fixede s over. -Fatani f. Debt-to-equity ratio 4.1 The Abercrombie Supply Company reported the following information for 2017. Prepare a common-size income statement for the year ended June 30, 2017 Abercrombie Supply Company Income Statement for the Fiscal Year Ended June 30, 2017 (s thousands) Net sales $2.110.965 Cost of goods sold 1,459,455 Selling and administrative expenses 312,044 Nonrecurring expenses 27.215 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 312.251 Depreciation 112.178 Earnings before interest and taxes (EBIT) $ 200,073 Interest expense 117,587 Earnings before taxes (EBT) S 82.486 Taxes (35%) 28.870 Net income $ 53,616
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
