Using the Charleston Manufacturing Balance Sheet and Income Statement, answer the following questions: 1. What is the
Question:
Using the Charleston Manufacturing Balance Sheet and Income Statement, answer the following questions:
1. What is the current ratio as of 12/31/20? What does the ratio indicate about the company?
2. What is the Inventory turnover as of 12/31/21? What does the ratio mean for the company?
3. What is the company’s debt ratio on 12/31/20 and 12/31/21? Compare the two ratios.
4. What is the net profit margin on 12/31/20? Explain the net profit margin.
5. What is the return on assets on 12/31/21? Explain the return on assets.
6. What is the return on equity on 12/31/21? Explain the return on equity.
7. What is the days’ sales outstanding on 12/31/20? Explain the days’ sales outstanding.
Basic Technical Mathematics
ISBN: 9780137529896
12th Edition
Authors: Allyn J. Washington, Richard Evans