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The current ratio for Dana Dairy Products in 2023 was _________. 0.63 1.10 1.58 0.91 the average collection period for Dana Dairy Products in 2023 was 35.9 days. 32.5 days. 11.8 days. 25.3 days. the inventory management at Dana Dairy Products _________ since 2022. remained the same cannot be determined has deteriorated has improved slightly the debt ratio for Dana Dairy Products in 2023 was 55 percent. 50 percent. 11 percent. 44 percent.   the return on equity for Dana Dairy Products for 2023 was 50 percent. 0.9 percent. 0.6 percent. 5.6 percent

The current ratio for Dana Dairy Products in 2023 was _________. 0.63 1.10 1.58 0.91 the average collection period for Dana Dairy Products in 2023 was 35.9 days. 32.5 days. 11.8 days. 25.3 days. the inventory management at Dana Dairy Products _________ since 2022. remained the same cannot be determined has deteriorated has improved slightly the debt ratio for Dana Dairy Products in 2023 was 55 percent. 50 percent. 11 percent. 44 percent.   the return on equity for Dana Dairy Products for 2023 was 50 percent. 0.9 percent. 0.6 percent. 5.6 percent

Entrepreneurial Finance
Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter5: Evaluating Operating And Financial Performance
Section: Chapter Questions
Problem 7EP
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The current ratio for Dana Dairy Products in 2023 was _________.

0.63
1.10
1.58
0.91

the average collection period for Dana Dairy Products in 2023 was
35.9 days.
32.5 days.
11.8 days.
25.3 days.

the inventory management at Dana Dairy Products _________ since 2022.
remained the same
cannot be determined
has deteriorated
has improved slightly
the debt ratio for Dana Dairy Products in 2023 was
55 percent.
50 percent.
11 percent.
44 percent.
 
the return on equity for Dana Dairy Products for 2023 was
50 percent.
0.9 percent.
0.6 percent.
5.6 percent.
For Nos. 61 to 65 Dana Dairy Products Key Ratios Actual Industry Average 2022 Current Ratio Quick Ratio Average collection Period Inventory Turnover Debt Ratio Times Interest Earned Gross Profit Margin Net Profit Margin Return on total assets Return on Equity Sales Revenue Less: Cost of Goods Sold Income Statement Dana Dairy Products For the Year Ended December 31, 2023 P Gross Profits Less: Operating Expenses Operating Profits Less: Interest Expense Net Profits Before Taxes Less: Taxes (40%) Net Profits After Taxes P P P 1.3 0.8 P 23 days 21.7 64.70% 4.8 13.60% 1.00% 2.90% 8.20% 100,000 87,000 13,000 11,000 2,000 500 1,500 600 900 1 0.75 30 days 19 50% 5.5 12.00% 0.50% 2.00% 4.00% Actual 2023 Cash Accounts Receivable Inventories Total Current Assets Gross Fixed Assets Less: Accumulated Depreciation Net Fixed Assets Total Assets Accounts Payable Accruals Total Current Liabilities Longterm Debt Total Liabilities Common Stock Balance Sheet Dana Dairy Products December 31, 2023 Assets P Liabilities & Stockholders' Equity P 35,000 13,250 Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders Equity P P P 1,000 8,900 4,350 14,250 21,750 36,000 9,000 6,675 15,675 4,125 19,800 1,000 15,200 16,200 36,000
Transcribed Image Text:For Nos. 61 to 65 Dana Dairy Products Key Ratios Actual Industry Average 2022 Current Ratio Quick Ratio Average collection Period Inventory Turnover Debt Ratio Times Interest Earned Gross Profit Margin Net Profit Margin Return on total assets Return on Equity Sales Revenue Less: Cost of Goods Sold Income Statement Dana Dairy Products For the Year Ended December 31, 2023 P Gross Profits Less: Operating Expenses Operating Profits Less: Interest Expense Net Profits Before Taxes Less: Taxes (40%) Net Profits After Taxes P P P 1.3 0.8 P 23 days 21.7 64.70% 4.8 13.60% 1.00% 2.90% 8.20% 100,000 87,000 13,000 11,000 2,000 500 1,500 600 900 1 0.75 30 days 19 50% 5.5 12.00% 0.50% 2.00% 4.00% Actual 2023 Cash Accounts Receivable Inventories Total Current Assets Gross Fixed Assets Less: Accumulated Depreciation Net Fixed Assets Total Assets Accounts Payable Accruals Total Current Liabilities Longterm Debt Total Liabilities Common Stock Balance Sheet Dana Dairy Products December 31, 2023 Assets P Liabilities & Stockholders' Equity P 35,000 13,250 Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders Equity P P P 1,000 8,900 4,350 14,250 21,750 36,000 9,000 6,675 15,675 4,125 19,800 1,000 15,200 16,200 36,000
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