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Based on the information given in picture #1, complete the following ratios for the last TWO  years and indicate whether the trend is favorable or unfavorable. Note percentages and times should be to one decimal place (e.g. 14.8%; 5.8x) Liq./Solv. Ratios                          Current Yr.  Prior Yr.   Fav/Unfav. Current Ratio (X)  {Total. Current Assets/ Total Current Liabilities}   Quick Ratio (X) {Cash + Short term Investments + Current Receivables/ Current Liabilities}   Day's Sales Uncollected (days) {Total Accounts Receivables / Sales x 365}

Based on the information given in picture #1, complete the following ratios for the last TWO  years and indicate whether the trend is favorable or unfavorable. Note percentages and times should be to one decimal place (e.g. 14.8%; 5.8x) Liq./Solv. Ratios                          Current Yr.  Prior Yr.   Fav/Unfav. Current Ratio (X)  {Total. Current Assets/ Total Current Liabilities}   Quick Ratio (X) {Cash + Short term Investments + Current Receivables/ Current Liabilities}   Day's Sales Uncollected (days) {Total Accounts Receivables / Sales x 365}

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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2) Ratios 

Based on the information given in picture #1, complete the following ratios for the last TWO  years and indicate whether the trend is favorable or unfavorable. Note percentages and times should be to one decimal place (e.g. 14.8%; 5.8x)

Liq./Solv. Ratios                          Current Yr.  Prior Yr.   Fav/Unfav.

Current Ratio (X) 

{Total. Current Assets/

Total Current Liabilities}

 

Quick Ratio (X)

{Cash + Short term Investments +

Current Receivables/ Current Liabilities}

 

Day's Sales Uncollected (days)

{Total Accounts Receivables / Sales x 365}    

FAVORABLE Current Year Prior Year (UNFAVORABLE) Liquidity/Solvency Ratios (G) Current Ratio (X) {Total Current Assets / Total Current Liabilities} (G) Quick Ratio (X) {Cash + Short Term Investments + Current Receivables /Current Liabilities} (C) Days' Sales Uncollected (days) {Total Accounts Receivables / Sales X 365}
Transcribed Image Text:FAVORABLE Current Year Prior Year (UNFAVORABLE) Liquidity/Solvency Ratios (G) Current Ratio (X) {Total Current Assets / Total Current Liabilities} (G) Quick Ratio (X) {Cash + Short Term Investments + Current Receivables /Current Liabilities} (C) Days' Sales Uncollected (days) {Total Accounts Receivables / Sales X 365}
1- Key Statistices: (OMIT ALL ZEROS 000); if none, leave blank Income Statement (2020) Current Year 406,785 (201G) Prior Year Increase(Decrease) Sales/Revenue 297,897 T 108, 888 + 75,698 97,285 + 33,190 (12,443) (40,30 a) 3247. 37/- 387. 347 276,310 200, 612 Cost of Goods Sold 130,475 (s2,752) Gross Income Net Income Balance Sheet End of Current Year End of Increase (Decrease) Prior Year 275,988 (116, 061) -42%. 40, 080 (410s)-10%. 40,121 491. Cash & Short-term investments |59,127 Total Accounts Reccivable 35,975 veatories 12, 귀구 81,596 332, 226 Net Property, Plant & Equipment 129,869 403, 594 (74,366) -18/. 47/47 니 +82,39S 1747. Total Current Assets Intangible Assets 4 SI, 923 +i br077 4% 26,923 + 261148 4구,697 +41, 2구 0 67,833 +3 3,076 497 384,090 (14,993) -47. Total Assets 46४,००6 977. Accounts Payable 53,071 877. 88,967 Total Current Liabilities Total Linbilities 100,90a Total Shareholders' Equity 36구,097 Asset Compoition: End of Current Year % of Total Assets Largest Assets: (from above) Net property ,Plant 1. tequipmeAAA casn + Snort term 2.iA Amen 129869 I54,127 -42%. 491. 3. Innentoriey 12/,717
Transcribed Image Text:1- Key Statistices: (OMIT ALL ZEROS 000); if none, leave blank Income Statement (2020) Current Year 406,785 (201G) Prior Year Increase(Decrease) Sales/Revenue 297,897 T 108, 888 + 75,698 97,285 + 33,190 (12,443) (40,30 a) 3247. 37/- 387. 347 276,310 200, 612 Cost of Goods Sold 130,475 (s2,752) Gross Income Net Income Balance Sheet End of Current Year End of Increase (Decrease) Prior Year 275,988 (116, 061) -42%. 40, 080 (410s)-10%. 40,121 491. Cash & Short-term investments |59,127 Total Accounts Reccivable 35,975 veatories 12, 귀구 81,596 332, 226 Net Property, Plant & Equipment 129,869 403, 594 (74,366) -18/. 47/47 니 +82,39S 1747. Total Current Assets Intangible Assets 4 SI, 923 +i br077 4% 26,923 + 261148 4구,697 +41, 2구 0 67,833 +3 3,076 497 384,090 (14,993) -47. Total Assets 46४,००6 977. Accounts Payable 53,071 877. 88,967 Total Current Liabilities Total Linbilities 100,90a Total Shareholders' Equity 36구,097 Asset Compoition: End of Current Year % of Total Assets Largest Assets: (from above) Net property ,Plant 1. tequipmeAAA casn + Snort term 2.iA Amen 129869 I54,127 -42%. 491. 3. Innentoriey 12/,717
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