Slayer Inc. Year 2 Income Statement: Required: Sales i) Compute Current Ratio & Quick Ratio ii)...

  
 
 
 

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Slayer Inc. Year 2 Income Statement: Required: Sales i) Compute Current Ratio & Quick Ratio ii) Compute the four Efficiency Ratios ii) Compute the five Profiotabilty Ratios iv) Compute the three Solvency Ratios 1,250,000 COGS 715,000 Gross Margin 535,000 Op. Expenses 305,000 Op. Income 230,000 v) Complete the Quiz on Canvas Loss on Disposal 15,000 Income Before Taxes 215,000 Taxes 65,000 Net Income 150,000 Assets Year 2 Year 1 Cash 40,000 25,000 A/R 205,000 215,000 Inventory 225,000 180,000 Prepaids 25,000 15,000 Total Current Assets 495,000 435,000 Long Term Investments 25,000 15,000 Property, Plant & Equipment 435,000 350,000 Accum. Depreciation (120,000) (80,000) Net Property, Plant & Equipment 315,000 270,000 Total Assets 24 835.000 $4 720.000 Liabilities A/P 145,000 175,000 45,000 20,000 165,000 Uneamed Revenue Total Current Liabilities 220,000 Long Term Note Payable 140,000 145,000 Total Liabilities 305,000 365,000 Equity 370,000 260,000 Common Stock Retained Earnings 160,000 95,000 Total Owners' Equity 530,000 355,000 835.000 $4 720.000 Total Liabilities & Equity Next, you will want to calculate Working Capital, Current Ratio, Quick Ratio, Inventory Turnover, Number of Days Sales in Ending Inventory, A/R Turnover, Number of Days Sales Uncollected, ROA/ROI, ROE, Debt Ratio, Equity Ratio and Debt-to-Equity Ratio. All answers should be computed to the nearest tenth (i.e., X.X) or tenth of a percent (X.X%). tionc What are the Year 2 Number of Days Sales Uncollected (assume 100% of Sales are on credit)? What is Year 2 ROA/ROI? Slayer Inc. Year 2 Income Statement: Required: Sales i) Compute Current Ratio & Quick Ratio ii) Compute the four Efficiency Ratios ii) Compute the five Profiotabilty Ratios iv) Compute the three Solvency Ratios 1,250,000 COGS 715,000 Gross Margin 535,000 Op. Expenses 305,000 Op. Income 230,000 v) Complete the Quiz on Canvas Loss on Disposal 15,000 Income Before Taxes 215,000 Taxes 65,000 Net Income 150,000 Assets Year 2 Year 1 Cash 40,000 25,000 A/R 205,000 215,000 Inventory 225,000 180,000 Prepaids 25,000 15,000 Total Current Assets 495,000 435,000 Long Term Investments 25,000 15,000 Property, Plant & Equipment 435,000 350,000 Accum. Depreciation (120,000) (80,000) Net Property, Plant & Equipment 315,000 270,000 Total Assets 24 835.000 $4 720.000 Liabilities A/P 145,000 175,000 45,000 20,000 165,000 Uneamed Revenue Total Current Liabilities 220,000 Long Term Note Payable 140,000 145,000 Total Liabilities 305,000 365,000 Equity 370,000 260,000 Common Stock Retained Earnings 160,000 95,000 Total Owners' Equity 530,000 355,000 835.000 $4 720.000 Total Liabilities & Equity Next, you will want to calculate Working Capital, Current Ratio, Quick Ratio, Inventory Turnover, Number of Days Sales in Ending Inventory, A/R Turnover, Number of Days Sales Uncollected, ROA/ROI, ROE, Debt Ratio, Equity Ratio and Debt-to-Equity Ratio. All answers should be computed to the nearest tenth (i.e., X.X) or tenth of a percent (X.X%). tionc What are the Year 2 Number of Days Sales Uncollected (assume 100% of Sales are on credit)? What is Year 2 ROA/ROI? Slayer Inc. Year 2 Income Statement: Required: Sales i) Compute Current Ratio & Quick Ratio ii) Compute the four Efficiency Ratios ii) Compute the five Profiotabilty Ratios iv) Compute the three Solvency Ratios 1,250,000 COGS 715,000 Gross Margin 535,000 Op. Expenses 305,000 Op. Income 230,000 v) Complete the Quiz on Canvas Loss on Disposal 15,000 Income Before Taxes 215,000 Taxes 65,000 Net Income 150,000 Assets Year 2 Year 1 Cash 40,000 25,000 A/R 205,000 215,000 Inventory 225,000 180,000 Prepaids 25,000 15,000 Total Current Assets 495,000 435,000 Long Term Investments 25,000 15,000 Property, Plant & Equipment 435,000 350,000 Accum. Depreciation (120,000) (80,000) Net Property, Plant & Equipment 315,000 270,000 Total Assets 24 835.000 $4 720.000 Liabilities A/P 145,000 175,000 45,000 20,000 165,000 Uneamed Revenue Total Current Liabilities 220,000 Long Term Note Payable 140,000 145,000 Total Liabilities 305,000 365,000 Equity 370,000 260,000 Common Stock Retained Earnings 160,000 95,000 Total Owners' Equity 530,000 355,000 835.000 $4 720.000 Total Liabilities & Equity Next, you will want to calculate Working Capital, Current Ratio, Quick Ratio, Inventory Turnover, Number of Days Sales in Ending Inventory, A/R Turnover, Number of Days Sales Uncollected, ROA/ROI, ROE, Debt Ratio, Equity Ratio and Debt-to-Equity Ratio. All answers should be computed to the nearest tenth (i.e., X.X) or tenth of a percent (X.X%). tionc What are the Year 2 Number of Days Sales Uncollected (assume 100% of Sales are on credit)? What is Year 2 ROA/ROI? Slayer Inc. Year 2 Income Statement: Required: Sales i) Compute Current Ratio & Quick Ratio ii) Compute the four Efficiency Ratios ii) Compute the five Profiotabilty Ratios iv) Compute the three Solvency Ratios 1,250,000 COGS 715,000 Gross Margin 535,000 Op. Expenses 305,000 Op. Income 230,000 v) Complete the Quiz on Canvas Loss on Disposal 15,000 Income Before Taxes 215,000 Taxes 65,000 Net Income 150,000 Assets Year 2 Year 1 Cash 40,000 25,000 A/R 205,000 215,000 Inventory 225,000 180,000 Prepaids 25,000 15,000 Total Current Assets 495,000 435,000 Long Term Investments 25,000 15,000 Property, Plant & Equipment 435,000 350,000 Accum. Depreciation (120,000) (80,000) Net Property, Plant & Equipment 315,000 270,000 Total Assets 24 835.000 $4 720.000 Liabilities A/P 145,000 175,000 45,000 20,000 165,000 Uneamed Revenue Total Current Liabilities 220,000 Long Term Note Payable 140,000 145,000 Total Liabilities 305,000 365,000 Equity 370,000 260,000 Common Stock Retained Earnings 160,000 95,000 Total Owners' Equity 530,000 355,000 835.000 $4 720.000 Total Liabilities & Equity Next, you will want to calculate Working Capital, Current Ratio, Quick Ratio, Inventory Turnover, Number of Days Sales in Ending Inventory, A/R Turnover, Number of Days Sales Uncollected, ROA/ROI, ROE, Debt Ratio, Equity Ratio and Debt-to-Equity Ratio. All answers should be computed to the nearest tenth (i.e., X.X) or tenth of a percent (X.X%). tionc What are the Year 2 Number of Days Sales Uncollected (assume 100% of Sales are on credit)? What is Year 2 ROA/ROI? Slayer Inc. Year 2 Income Statement: Required: Sales i) Compute Current Ratio & Quick Ratio ii) Compute the four Efficiency Ratios ii) Compute the five Profiotabilty Ratios iv) Compute the three Solvency Ratios 1,250,000 COGS 715,000 Gross Margin 535,000 Op. Expenses 305,000 Op. Income 230,000 v) Complete the Quiz on Canvas Loss on Disposal 15,000 Income Before Taxes 215,000 Taxes 65,000 Net Income 150,000 Assets Year 2 Year 1 Cash 40,000 25,000 A/R 205,000 215,000 Inventory 225,000 180,000 Prepaids 25,000 15,000 Total Current Assets 495,000 435,000 Long Term Investments 25,000 15,000 Property, Plant & Equipment 435,000 350,000 Accum. Depreciation (120,000) (80,000) Net Property, Plant & Equipment 315,000 270,000 Total Assets 24 835.000 $4 720.000 Liabilities A/P 145,000 175,000 45,000 20,000 165,000 Uneamed Revenue Total Current Liabilities 220,000 Long Term Note Payable 140,000 145,000 Total Liabilities 305,000 365,000 Equity 370,000 260,000 Common Stock Retained Earnings 160,000 95,000 Total Owners' Equity 530,000 355,000 835.000 $4 720.000 Total Liabilities & Equity Next, you will want to calculate Working Capital, Current Ratio, Quick Ratio, Inventory Turnover, Number of Days Sales in Ending Inventory, A/R Turnover, Number of Days Sales Uncollected, ROA/ROI, ROE, Debt Ratio, Equity Ratio and Debt-to-Equity Ratio. All answers should be computed to the nearest tenth (i.e., X.X) or tenth of a percent (X.X%). tionc What are the Year 2 Number of Days Sales Uncollected (assume 100% of Sales are on credit)? What is Year 2 ROA/ROI? Slayer Inc. Year 2 Income Statement: Required: Sales i) Compute Current Ratio & Quick Ratio ii) Compute the four Efficiency Ratios ii) Compute the five Profiotabilty Ratios iv) Compute the three Solvency Ratios 1,250,000 COGS 715,000 Gross Margin 535,000 Op. Expenses 305,000 Op. Income 230,000 v) Complete the Quiz on Canvas Loss on Disposal 15,000 Income Before Taxes 215,000 Taxes 65,000 Net Income 150,000 Assets Year 2 Year 1 Cash 40,000 25,000 A/R 205,000 215,000 Inventory 225,000 180,000 Prepaids 25,000 15,000 Total Current Assets 495,000 435,000 Long Term Investments 25,000 15,000 Property, Plant & Equipment 435,000 350,000 Accum. Depreciation (120,000) (80,000) Net Property, Plant & Equipment 315,000 270,000 Total Assets 24 835.000 $4 720.000 Liabilities A/P 145,000 175,000 45,000 20,000 165,000 Uneamed Revenue Total Current Liabilities 220,000 Long Term Note Payable 140,000 145,000 Total Liabilities 305,000 365,000 Equity 370,000 260,000 Common Stock Retained Earnings 160,000 95,000 Total Owners' Equity 530,000 355,000 835.000 $4 720.000 Total Liabilities & Equity Next, you will want to calculate Working Capital, Current Ratio, Quick Ratio, Inventory Turnover, Number of Days Sales in Ending Inventory, A/R Turnover, Number of Days Sales Uncollected, ROA/ROI, ROE, Debt Ratio, Equity Ratio and Debt-to-Equity Ratio. All answers should be computed to the nearest tenth (i.e., X.X) or tenth of a percent (X.X%). tionc What are the Year 2 Number of Days Sales Uncollected (assume 100% of Sales are on credit)? What is Year 2 ROA/ROI?

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