Question: The following table presents the data for CanDo Inc. as of December 31, 2018: Accounts payable $126,000 Accounts receivable $165,000 Cash and cash equivalents $106,000
The following table presents the data for CanDo Inc. as of December 31, 2018:
Accounts payable $126,000
Accounts receivable $165,000
Cash and cash equivalents $106,000
CoGS $271,600
Common stock $1,090,000
Depreciation $42,000
Dividend payout ratio 40%
Interest paid $38,596
Inventory $175,000
Long-term debt $1,856,000
Net fixed assets $2,932,000
Sales $440,000
Short-term debt $142,872
Tax rate 31%
Calculate the following financial ratios for CanDo Inc. in the fiscal year of 2019 (round all answers to six decimal places):
a. Current ratio
b. Quick ratio
c. Cash ratio
d. Net working capital ratio
e. Interval measure
f. Total debt ratio
g. Debt-equity ratio
h. Equity multiplier
i. Long-term debt ratio
j. Times interest earned
k. Cash coverage ratio (
l. Inventory turnover (using avg. inventory from 2018 & 2019)
m. Days sales in inventory
n. Receivables turnover (using avg. accounts receivable from 2018 & 2019)
o. Days sales in receivables
p. Payables turnover (using avg. accounts payable from 2018 & 2019)
q. Days sales in payables
r. NWC turnover (
s. Fixed assets turnover
t. Total asset turnover
u. Profit margin
v. Return on assets (ROA)
w. Return on equity (ROE)
x. Price-earnings (P/E) ratio (using price per share provided in Part 2)
y. Market-to-book ratio (using price per share provided in Part 2)
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