SOVO Excel SIM: Selected Financial Ratios 1. Compute and interpret financial ratios that managers use to assess liquidity 2. Compute and interpret financial ratios that managers use for asset management purposes. 3. Compute and interpret financial ratios that managers use for debt management purposes S. FILE HOME INSERT PAGE LAYOUT Selected Financial Ratios - Excel FORMULAS DATA REVIEW 26 ? Caliber x VIEW ! Paste 10 A - 6 Sign in Alignment Number BIU- B A Coboard Fort Conditional Formatas Cell Formatting Table Styles Cells - Editing C34 Styles s 6 S Assets Current assets Cash Marketable securities Accounts receivable net Inventory Other current assets 12 Total current assets 15 plant and equipment, net 14 Other assets 15 Total sets 16 Lafities and Stockholders' Equity 17 Current Ube Accounts payable Short-term bank loans Accrued pables Other current e s Total current abilities Bonds payable 10 360,000 220,000 775,000 925,000 355.000 2,635,000 1,975.000 75.000 LORS.RO S $4.980,000 2.988 000 1992.000 310,000 Sales (all on account) 30,000 Cost of goods sold 700,000 Gross margin 750,000 Selling and administrative expenses 195,00 Operating expenses 2.035,000 Depreciation and amortization 1.800.000 General and administrative expenses 100.000 Total selling and administrative expenses S D Net Operating income Interest expense Net income before taxes 225,000 income taxes 500.000 Net income 395.000 123.400 Additional information 14,400 Dividend per share paid in current year Margrice of shares atverend 14400 Pare of common stock per share S&S 500 410,500 150 000 1545.000 46.000 $ 50 000 386.000 235 100 250,000 750.000 550.000 275.000 1.825.000 575.000 2.400.000 ockholders' equity 1.150.000 2000 1.150.000 Number of shares outstanding 9016 Attempts) 8/10 Le SIM: Selected Financial Ratios 1. Compute and interpret financial ratos that managers use to assess liquidity 2. Compute and interpret financial ratios that managers use for asset management purposes. 3. Compute and interpret financial ratios that managers use for det management purposes. FILE HOME INSERT De PAGE LAYOUT Selected Financial Ratios - Excel FORMULAS DATA REVIEW ? 10 Paste VIEW - - U- x - 6 Sign In B I - -A- docard Alignment Number Conditional Formatas Cell Formatting Table Styles - Styles C34 Cells - Editing 575.000 23 Bonds payable, 10% 24 Total liabilities 25 Stockholders' equity 26 Common stock 27 Retained earnings 28 Total stockholders' equity 29 Total liabilities and stockholders' equity 2 400 000 400.000 1.845.400 Market price of shares at year end Par value of common stock per share 1.150,000 4200 20.00 Number of shares outstanding 1 135.000 150.000 941.600 2,091,600 3.995.00 2.285.000 4.585.00 S Required: Compute the following ratios for the current year only. Gross margin percentage Current ratio rounded to two decimal places) 35 Acid-test ratio (rounded to two decimal places) Accounts receivable turnover rounded to two decimal places) Average collection period rounded to the nearest whole dal Inventory turnover ratio (rounded to two decimal places) Leverage sales period frounded to the nearest whole day Detto quity ratio (rounded to two decimal places) Times besteamed rounded to two decimal places) Book value per share rounded to two decimal places) 45 Earnings per share rounded to two decimal places) Didend payout at rounded to three decimal places) Dividend yield to founded to three decimal places) - Sheet READY Attempts 8/10