FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Need help with what I got wrong, please.
December 31 Cash and cash equivalents Restricted cash wwww..comm Net receivables Inventory Other current assets. Current assets Current liabilities Total liabilities Stockholders' equity Loss before income taxes 2017 2016 $3,367,914 $3,393,216 Year ended December 31, Current ratio Quick ratio 2017 155,323 105,519 wwwwwwwww LOADIE 515,381 499,142 Interest expense Cash flows from operating activities Capital expenditures 2,263,537 2,067,454 268,355 194,465 6,570,520 6,259,796 7,674,670 5,827,005 23,022,980 16,750,167 5,632,392 5,913,909 a. Compute the current ratio and quick ratio for each year. Note: Round answers to two decimal places. 2016 0.85 x 0.5 x Debt-to-equity ratio Times interest earned ratin 2017 $(2,209,032) 471,259 (60,654) (3,414,814) 1.07 0.65 x b. Compute the debt-to-equity ratio for 2017 and 2016 and the times-interest-earned ratio for 2017. Note: Round answers to two decimal places. Use a negative sign with your answer, if appropriate. 2017 2016 4.08 x 0 x 2,83✔ c. Compute the cash burn rate for 2017. Note: Round answer to the nearest whole number. Use a negative sign with your answer, if appropriate. $ 2,109 x thousand per day. Support
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Transcribed Image Text:December 31 Cash and cash equivalents Restricted cash wwww..comm Net receivables Inventory Other current assets. Current assets Current liabilities Total liabilities Stockholders' equity Loss before income taxes 2017 2016 $3,367,914 $3,393,216 Year ended December 31, Current ratio Quick ratio 2017 155,323 105,519 wwwwwwwww LOADIE 515,381 499,142 Interest expense Cash flows from operating activities Capital expenditures 2,263,537 2,067,454 268,355 194,465 6,570,520 6,259,796 7,674,670 5,827,005 23,022,980 16,750,167 5,632,392 5,913,909 a. Compute the current ratio and quick ratio for each year. Note: Round answers to two decimal places. 2016 0.85 x 0.5 x Debt-to-equity ratio Times interest earned ratin 2017 $(2,209,032) 471,259 (60,654) (3,414,814) 1.07 0.65 x b. Compute the debt-to-equity ratio for 2017 and 2016 and the times-interest-earned ratio for 2017. Note: Round answers to two decimal places. Use a negative sign with your answer, if appropriate. 2017 2016 4.08 x 0 x 2,83✔ c. Compute the cash burn rate for 2017. Note: Round answer to the nearest whole number. Use a negative sign with your answer, if appropriate. $ 2,109 x thousand per day. Support
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