Determine the NLF, NSF and the liquidity ratio for the FY 2021; Determine the days receivable, Days payable, days inventory, and Inventory turnover
A firm’s Balance Sheet and Income Statement for FY 2021 is displayed below and in the in the attached excel file. Answer the following questions.
NOTE: For this question, use the end-of-the year approach (and not the mid-year convention). For example, this means that days receivables = end of FY receivables/daily sales; similarly for the remaining relevant ratios.
You may use the tables below
|
BALANCE SHEET |
2021 |
|
Cash and cash equivalents |
280 |
|
Receivables |
2588 |
|
Inventory |
2516 |
|
Other |
189 |
|
TOTAL CA |
5573 |
|
Fixed assets |
5024 |
|
TOTAL ASSETS |
10597 |
|
Accounts payable |
4713 |
|
Short term debt |
78 |
|
TOTAL CL |
4790 |
|
LT debt |
921 |
|
Shareh. Equity |
4886 |
|
TOTAL LIAB. AND SHARH. EQUITY |
10597 |
|
INCOME STATEMENT |
2021 |
|
Sales |
19418 |
|
COGS |
13136 |
|
|
354 |
|
SG&A |
4952 |
|
EBIT |
976 |
|
Interest Expenses |
52 |
|
Tax |
268 |
|
Net income |
656 |
- Determine the NLF, NSF and the
liquidity ratio for the FY 2021; - Determine the days receivable, Days payable, days inventory, and Inventory turnover
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
