Using the above pictures, please respond the following:

Question 1

Use the Financial Statements for Moorhouse Inc, to calculate the company's Working Capital for 2023. Select the correct answer from the listed answers below.

1. $502,000
2. $248,000
3. $750,000
4. $482,500

Question 2

Use the Financial Statements for Moorhouse Inc, to calculate the company's Current Ratio for 2023. Select the correct answer from the listed answers below.

1. 2.0
2. 3.0
3. 1.5
4. 7.2

Question 3

Use the Financial Statements for Moorhouse Inc, to calculate the company's Quick (Acid Test) Ratio for 2023. Select the correct answer from the listed answers below.

1. 6.8
2. 1.0
3. 2.5
4. 2.0

Question 4

Use the Financial Statements for Moorhouse Inc, to calculate the company's Accounts Receivable Turnover for 2023. Select the correct answer from the listed answers below.

1. 17.3
2. 16.2
3. 5.4
4. 13.3

Question 5

Use the Financial Statements for Moorhouse Inc, to calculate the company's Day's Sales in Receivables for 2023. Select the correct answer from the listed answers below.

1. 4.8 days
2. 124.6 days
3. 27.4 days
4. 14.7 days

Question 6

Use the Financial Statements for Moorhouse Inc, to calculate the company's Inventory Turnover for 2023. Select the correct answer from the listed answers below.

1. 5.7
2. 12.2
3. 23.6
4. 1.2

Question 7

Use the Financial Statements for Moorhouse Inc, to calculate the company's Days Sales in Inventory for 2023. Select the correct answer from the listed answers below.

1. 185.6
2. 11.4
3. 64.4
4. 89.8

Question 8

Use the Financial Statements for Moorhouse Inc, to calculate the company's Rate of Return on Net Sales for 2023. Select the correct answer from the listed answers below.

1. 25.4%
2. 9.4%
3. 15.4%
4. 4.9%

Question 9

Use the Financial Statements for Moorhouse Inc, to calculate the company's Rate of Return on Total Assets for 2023. Select the correct answer from the listed answers below.

1. 20.0%
2. 10.0%
3. 15.7%
4. 1.5%

Question 10

Use the Financial Statements for Moorhouse Inc, to calculate the company's Rate of Return on Stockholders' Equity for 2023. Select the correct answer from the listed answers below.

1. 11.4%
2. 56.7%
3. 3.4 %
4. 16.8%
    
    

Transcribed Image Text:

Horizontal & Vertical Analysis: Sales Sales Returns and Allowances Net Sales Cost of Goods Sold Gross Profit Selling Expenses Moorhouse Inc. Income Statement For the Years Ended December 31, 2023 and 2022 Administrative Expenses Total Operating Expenses Income from Operations Other Income Interest Expense Income before Income Tax Income Tax Expense Net Income $ $ $ $ $ $ $ 2023 5,125,000 $ 125,000 5,000,000 $ 3,400,000 1,600,000 $ 650,000 325,000 975,000 $ 625,000 $ 25,000 105,000 545,000 $ 300,000 245,000 $ 2022 3,257,600 57,600 3,200,000 2,080,000 1,120,000 464,000 224,000 688,000 432,000 19,200 64,000 387,200 176,000 211,200 HORIZONTAL Amt. 67,400 1,800,000 1,320,000 480,000 186,000 287,000 193,000 5,800 41,000 157,800 124,000 33,800 % 117.0% 56.3% 63.5% 42.9% 40.1% 41.7% 44.7% 30.2% 64.1% 40.8% 70.5% 16.0% VERTICAL 2023 102.5% 2.5% 100.0% 32.0% 13.0% 6.5% 19.5% 12.5% 0.5% 2.1% 10.9% 6.0% 2022 101.8% 1.8% 100.0% 35.0% 14.5% 7.0% 21.5% 13.5% 0.6% 2.0% 12.1% 5.5% Horizontal & Vertical Analysis: Sales Sales Returns and Allowances Net Sales Cost of Goods Sold Gross Profit Selling Expenses Moorhouse Inc. Income Statement For the Years Ended December 31, 2023 and 2022 Administrative Expenses Total Operating Expenses Income from Operations Other Income Interest Expense Income before Income Tax Income Tax Expense Net Income $ $ $ $ $ $ $ 2023 5,125,000 $ 125,000 5,000,000 $ 3,400,000 1,600,000 $ 650,000 325,000 975,000 $ 625,000 $ 25,000 105,000 545,000 $ 300,000 245,000 $ 2022 3,257,600 57,600 3,200,000 2,080,000 1,120,000 464,000 224,000 688,000 432,000 19,200 64,000 387,200 176,000 211,200 HORIZONTAL Amt. 67,400 1,800,000 1,320,000 480,000 186,000 287,000 193,000 5,800 41,000 157,800 124,000 33,800 % 117.0% 56.3% 63.5% 42.9% 40.1% 41.7% 44.7% 30.2% 64.1% 40.8% 70.5% 16.0% VERTICAL 2023 102.5% 2.5% 100.0% 32.0% 13.0% 6.5% 19.5% 12.5% 0.5% 2.1% 10.9% 6.0% 2022 101.8% 1.8% 100.0% 35.0% 14.5% 7.0% 21.5% 13.5% 0.6% 2.0% 12.1% 5.5%

Answer rating: 100% (QA)

To answer the questions lets calculate the required financial ratios using the given information Question 1 Working Capital for 2023 Working Capital C... View the full answer