Required: Calculate the liquidity ratios (at least two). Calculate the inventory turnover ratio, capital intensity, and the
Fantastic news! We've Found the answer you've been seeking!
Question:
Required:
Calculate the liquidity ratios (at least two).
Calculate the inventory turnover ratio, capital intensity, and the total asset turnover ratios.
Calculate the debt ratio and debt-to-equity ratio. Discuss how you calculated these values.
Transcribed Image Text:
GARNERS' PLATOON MENTAL HEALTH CARE, INC. Balance Sheet as of December 31, 2018 (in millions of dollars) Assots Current assets Cash and marketable securities Accounts receivable Inventory Total Fixed assets Gross plant and equipment Less: Depreciation Net plant and equipment Other long-term assets Total Total assets Not sales Less: Cost of goods sold $ 421 1,109 1,760 $ 3,290 $5,812 840 Earnings before taxes (EBT) Less: Taxes Net income $ 4,972 Liabilities and Equity Current liabilities GARNERS' PLATOON MENTAL HEALTH CARE, INC. Income Statement for Year Ending December 31, 2018 (in millions of dollars) Accrued wages and taxes Accounts payable Notes payable Total Long-term debt Stockholders' equity Preferred stock (30 million shares) Common stock and paid-in surplus (200 million shares) Retained earnings Total 892 $5,864 $9,154 Total liabilities and equity Gross profits Less: Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less: Depreciation Earnings before interest and taxes (EBIT) Less: Interest Less: Preferred stock dividends Not income available to common stockholders Less: Common stock dividends Addition to retained earnings $ 316 867 872 $ 2,055 $ 3,090 $ 60 $ 637 3,312 $ 4,009 $9,154 $ 4,980 2,246 $ 2,734 125 $ 2,609 200 $ 2,409 315 $ 2,094 764 $ 1.327 $ 60 $ 1.297 395 872 (continued) GARNERS' PLATOON MENTAL HEALTH CARE, INC. Balance Sheet as of December 31, 2018 (in millions of dollars) Assots Current assets Cash and marketable securities Accounts receivable Inventory Total Fixed assets Gross plant and equipment Less: Depreciation Net plant and equipment Other long-term assets Total Total assets Not sales Less: Cost of goods sold $ 421 1,109 1,760 $ 3,290 $5,812 840 Earnings before taxes (EBT) Less: Taxes Net income $ 4,972 Liabilities and Equity Current liabilities GARNERS' PLATOON MENTAL HEALTH CARE, INC. Income Statement for Year Ending December 31, 2018 (in millions of dollars) Accrued wages and taxes Accounts payable Notes payable Total Long-term debt Stockholders' equity Preferred stock (30 million shares) Common stock and paid-in surplus (200 million shares) Retained earnings Total 892 $5,864 $9,154 Total liabilities and equity Gross profits Less: Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less: Depreciation Earnings before interest and taxes (EBIT) Less: Interest Less: Preferred stock dividends Not income available to common stockholders Less: Common stock dividends Addition to retained earnings $ 316 867 872 $ 2,055 $ 3,090 $ 60 $ 637 3,312 $ 4,009 $9,154 $ 4,980 2,246 $ 2,734 125 $ 2,609 200 $ 2,409 315 $ 2,094 764 $ 1.327 $ 60 $ 1.297 395 872 (continued)
Expert Answer:
Answer rating: 100% (QA)
Garners Platoon Mental Health Care Ratio Analysis Based on the provided financial statements here are the calculations and explanations for some key r... View the full answer
Related Book For
Interpreting and Analyzing Financial Statements
ISBN: 978-0132746243
6th edition
Authors: Karen P. Schoenebeck, Mark P. Holtzman
Posted Date:
Students also viewed these accounting questions
-
Shown below are partial financial statements for Garners' Platoon Mental Health Care, Inc. Fill in the blanks on the four financial statements. Garners' Platoon Mental Health Care, Inc. Statement of...
-
Listed below are the 2018 financial statements for Garners' Platoon Mental Health Care, Inc. Spread the balance sheet and income statement. Calculate the financial ratios for the firm, including the...
-
Suppose a researcher obtains a grant to study the health and nutrition (or lack thereof) at a university with a large undergraduate population. To begin the study, a random sample of n = 100...
-
On November 1, 2021, Sadie's borrows $230,000 from a local bank and signs a note. The note requires interest to be paid annually beginning on August 1, 2022 at 12%. Principal and interest are due in...
-
The light beam shown in figure makes an angle of 20.0° with the normal line NN in the linseed oil. Determine the angles θ and θ. (The refractive index for linseed oil...
-
For a two-band perfect reconstruction filter bank, assume the analysis filter \(H_{0}(z)\) and the synthesis filter \(G_{0}(z)\) satisfy the condition of Equation (10.142). Assume also that these...
-
In Exercise 20, would it be unusual for a resident to not watch any movie in a week at all? Explain your reasoning. Data from Exercises 20 The number of movies watched by the residents of a locality...
-
When a movement was organized to build Charles City College, Hauser and others signed pledges to contribute to the college. At the time of signing, Hauser inquired what would happen if he should die...
-
This problem is similar, except that your record will contain: two shorts (say a and b); three longs (m, n, and p); an array (2) of three ints; space for a string of up to 10 characters (s),...
-
Your company is considering acquiring a private company (New Co., Inc.). The CFO has asked you to review the financial statements, look for key trends, and develop financial/operational questions to...
-
How is a research problem is selected and stated? Explain each step involved with the help of relevant examples.
-
Why do most designers use a grid to begin their designs in almost all imaginable design layouts including print, video, and web, etc., even if they know eventually the grid will not be visibly...
-
Lowell Inc. is considering an investment project with the following cash flows: Year Cash Flow Year 0: -$100,000 Year 1: 50,000 Year 2: 90,000 Year 3: 30,000 Year 4: 60,000 The company has a 10...
-
A 30-year maturity bond making annual coupon payments with a coupon rate of 15.5% has duration of 9.96 years. The bond currently sells at a yield to maturity of 10%. Required: a. Find the current...
-
What are some strategies to ensure that the target audience and message you create to promote a new Spanish talk show are informed by an accurate understanding of diverse audience cultures.
-
Use the below information to answer the questions below: Issuer Microsoft Short Microsoft Long Price Coupon % 10.00 10.00 Maturity 1 year from today 15 years from today Yield to Maturity % Interest...
-
Answer questions from the following financial data as of 12/31/19 and for the year then ended or as shown on ACME Corporation, a U.S. based fastener distributor. (All amounts in millions except as...
-
Graph one period of each function. y = 4 cos x
-
Q1. Record the following transaction journal entries for September directly into the T-accounts above. TJE #1 Bill customers for deliveries that total $2,000 during September. TJE #2 For accounts...
-
Q1. For Dine Equity and Nathans Famous listed below, complete the common-size statements by dividing each item on the balance sheet by the amount of total assets. Record the resulting common-size...
-
Q1. Research the following current interest rates. These rates are available on the Internet and at a local bank or credit union. The current rates banks/credit unions are offering/asking are a....
-
Companies are facing a great amount of change in every facet of their operations today. To remain competitive, companies must keep abreast of current developments in several areas. You recently got...
-
For each of the situations listed, identify the primary standard from the IMA Statement of Ethical Professional Practice that is violated (competence, confidentiality, integrity, or credibility.)...
-
Sustainability involves more than just the impact of actions on the environment. The triple bottom line recognizes that a company has to measure its impact on its triple bottom line for its long-term...
Study smarter with the SolutionInn App