Fox Manufacturing Company Income Statement for the Year Ended December 31, 2021 Sales revenue Less: Cost...
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Fox Manufacturing Company Income Statement for the Year Ended December 31, 2021 Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses General and administrative expenses Depreciation expense Total operating expense Operating profits Less: Interest expense Net profits before taxes Less: Taxes Net profits after taxes (earnings available for common stockholders) Earnings per share (EPS) Acente $599,000 459,000 $140,000 Fox Manufacturing Company Balance Sheet December 31, 2021 $29,500 30,400 59,900 $80,100 9,700 $70,400 14,200 (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) $56,200 $2.71 (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Ratio Current ratio Quick ratio Inventory turnover* Average collection period* Total asset turnover Debt ratio. Times interest earned Gross profit margin Operating profit margin Net profit margin Return on total assets (ROA) Industry average, 2021 2.38 0.90 4.47 times 35.8 days 0.99 0.21 12.7 0.199 0.138 0.117 0.128 0.235 $3.73 Return on common equity (ROE) Earnings per share (EPS) *Based on a 365-day year and on end-of-year figures. a. The current ratio is (Round to two decimal places.) Fox Manufacturing's current ratio is The quick ratio is. (Round to two decimal places.) Fox Manufacturing's quick ratio is average. (Select from the drop-down menu.) The inventory turnover is (Round to two decimal places.) Fox Manufacturing's inventory turnover is The average collection period is. (Round to one decimal place.) Fox Manufacturing's average collection period is The total asset turnover is. (Round to two decimal places.) Fox Manufacturing's debt ratio is The times interest earned ratio is Fox Manufacturing's times interest earned ratio is average. (Select from the drop-down menu.) Fox Manufacturing's total asset turnover is The debt ratio is. (Round to two decimal places.) C average. (Select from the drop-down menu.) average. (Select from the drop-down menu.) average. (Select from the drop-down menu.) average. (Select from the drop-down menu.) (Round to one decimal place.) average. (Select from the drop-down menu.) *** The gross profit margin is. (Round to three decimal places.) Fox Manufacturing's gross profit margin is The operating profit margin is. (Round to three decimal places.) Fox Manufacturing's operating profit margin is The net profit margin is. (Round to three decimal places.) Fox Manufacturing's net profit margin is The return on total assets (ROA) is. (Round to three decimal places.) Fox Manufacturing's return on total assets (ROA) is The return on common equity (ROE) is. (Round to three decimal places.) Fox Manufacturing's return on common equity (ROE) is average. (Select from the drop-down menu.) average. (Select from the drop-down menu.)) average. (Select from the drop-down menu.) average. (Select from the drop-down menu.) average. (Select from the drop-down menu.) Fox Manufacturing's earnings per share is average. (Select from the drop-down menu.) b. Summarize your findings and make recommendations. (Select from the drop-down menus.) Fox Manufacturing Company needs improvement in its ratios and possibly a reduction in its total The firm is more highly leveraged than the average firm in its industry and, therefore, has more of the firm is lower than average but is enhanced by the use of debt in the capital financial risk. The structure, resulting in a superior ROE. Fox Manufacturing Company Income Statement for the Year Ended December 31, 2021 Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses General and administrative expenses Depreciation expense Total operating expense Operating profits Less: Interest expense Net profits before taxes Less: Taxes Net profits after taxes (earnings available for common stockholders) Earnings per share (EPS) Acente $599,000 459,000 $140,000 Fox Manufacturing Company Balance Sheet December 31, 2021 $29,500 30,400 59,900 $80,100 9,700 $70,400 14,200 (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) $56,200 $2.71 (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Ratio Current ratio Quick ratio Inventory turnover* Average collection period* Total asset turnover Debt ratio. Times interest earned Gross profit margin Operating profit margin Net profit margin Return on total assets (ROA) Industry average, 2021 2.38 0.90 4.47 times 35.8 days 0.99 0.21 12.7 0.199 0.138 0.117 0.128 0.235 $3.73 Return on common equity (ROE) Earnings per share (EPS) *Based on a 365-day year and on end-of-year figures. a. The current ratio is (Round to two decimal places.) Fox Manufacturing's current ratio is The quick ratio is. (Round to two decimal places.) Fox Manufacturing's quick ratio is average. (Select from the drop-down menu.) The inventory turnover is (Round to two decimal places.) Fox Manufacturing's inventory turnover is The average collection period is. (Round to one decimal place.) Fox Manufacturing's average collection period is The total asset turnover is. (Round to two decimal places.) Fox Manufacturing's debt ratio is The times interest earned ratio is Fox Manufacturing's times interest earned ratio is average. (Select from the drop-down menu.) Fox Manufacturing's total asset turnover is The debt ratio is. (Round to two decimal places.) C average. (Select from the drop-down menu.) average. (Select from the drop-down menu.) average. (Select from the drop-down menu.) average. (Select from the drop-down menu.) (Round to one decimal place.) average. (Select from the drop-down menu.) *** The gross profit margin is. (Round to three decimal places.) Fox Manufacturing's gross profit margin is The operating profit margin is. (Round to three decimal places.) Fox Manufacturing's operating profit margin is The net profit margin is. (Round to three decimal places.) Fox Manufacturing's net profit margin is The return on total assets (ROA) is. (Round to three decimal places.) Fox Manufacturing's return on total assets (ROA) is The return on common equity (ROE) is. (Round to three decimal places.) Fox Manufacturing's return on common equity (ROE) is average. (Select from the drop-down menu.) average. (Select from the drop-down menu.)) average. (Select from the drop-down menu.) average. (Select from the drop-down menu.) average. (Select from the drop-down menu.) Fox Manufacturing's earnings per share is average. (Select from the drop-down menu.) b. Summarize your findings and make recommendations. (Select from the drop-down menus.) Fox Manufacturing Company needs improvement in its ratios and possibly a reduction in its total The firm is more highly leveraged than the average firm in its industry and, therefore, has more of the firm is lower than average but is enhanced by the use of debt in the capital financial risk. The structure, resulting in a superior ROE.
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Related Book For
Principles of Managerial Finance
ISBN: 978-0134476315
15th edition
Authors: Chad J. Zutter, Scott B. Smart
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