None Two online travel companies, E-Travel and Pricecheck, provide the following selectedfinancial data:E-TravelTotal assetsTotal liabilities$ 4,437,1562,254,475Total stockholders' equity2,182,681Pricecheck$ 1,574,224466,6101,107,614Sales revenue$ 2,455,426$ 1,838,212Interest expense74,23314,084Income tax expense134,40037,168Net income279,526469,472Required:1-a. Calculate the debt to equity ratio for E-Travel and Pricecheck.1-b. Which company has higher leverage risk?2-a. Calculate the times interest earned ratio for E-Travel and Pricecheck.2-b. Which company is better able to meet interest payments as they become due?Complete this question by entering your answers in the tabs below.Req 1aReq 1bReq 2aReq 2bWhich company has higher leverage risk?Which company has higher leverage risk?< Req 1aReq 2a >

Step 1:Req 1a Computation of Debt to equity ratio as follows : ParticularsNumerator /…

Answered: Two online travel companies, E-Travel…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 7PA: Review the select information for Bean Superstore and Legumes Plus (industry competitors), and then...

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Million Dream Trading has reported the following from its business operation from period 2007 through 2018: a. Sales (32,067, 35,422, 70,881, 95,519, 122,128, 165,654, 188,793, 232,834, 263,159, 273,046, 269,693, 294,619) b. Expenses (28,320, 31,490, 69, 371, 84, 747, 105,310, 144,175, 164,799, 198,966, 224,105, 236,388, 240,171, 261,738) c. Other Income (534, 849, 1,039, 2,103, 660, 662, 816, 829, 899, (932), 1,937, 4,509) d. Interest (465, 913, 2,171, 2,465, 2,385, 2,982, 3,560, 4,749, 4,861, 4,889, 4,283, 4,682) e. Prevailing tax rate is 28.23% (round off amount) Prepare the following: 1. Individual P & L using multiple worksheets. 2. Consolidated P & L for the period 2007 - 2018.
Million Dream Trading has reported the following from its business operation from period 2007 through 2018: a. Sales (32,067, 35,422, 70,881, 95,519, 122,128, 165,654, 188,793, 232,834, 263,159, 273,046, 269,693, 294,619) b. Expenses (28,320, 31,490, 69, 371, 84, 747, 105,310, 144,175, 164,799, 198,966, 224,105, 236,388, 240,171, 261,738) c. Other Income (534, 849, 1,039, 2,103, 660, 662, 816, 829, 899, (932), 1,937, 4,509) d. Interest (465, 913, 2,171, 2,465, 2,385, 2,982, 3,560, 4,749, 4,861, 4,889, 4,283, 4,682) e. Prevailing tax rate is 28.23% (round off amount) Prepare the following: Individual P & L using multiple worksheets. Consolidated P & L for the period 2007 - 2018. Presentation layers Put in the excel format or image
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Refer to the following selected financial information from WorkFit Corporation. Compute the company's acid-test ratio. Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Current liabilities Multiple Choice O O O 2.76. 0.91. 1.10. 2.67. 1.63. $ 42,250 59,180 79,500 115,000 9,700 111,000
Abcde Trading has reported the following from its business operation from period 2008 through 2019: a. Sales (32,067, 35,422, 70,881, 95,519, 122,128, 165,654, 188,793, 232,834, 263,159, 273,046, 269,693, 294,619) b. Expenses (28,320, 31,490, 69, 371, 84, 747, 105,310, 144,175, 164,799, 198,966, 224,105, 236,388, 240,171, 261,738) c. Other Income (534, 849, 1,039, 2,103, 660, 662, 816, 829, 899, (932), 1,937, 4,509) d. Interest (465, 913, 2,171, 2,465, 2,385, 2,982, 3,560, 4,749, 4,861, 4,889, 4,283, 4,682) e. Prevailing tax rate is 28.23% (round off amount) Prepare the following: 1. Individual P & L using multiple worksheets. 2. Consolidated P & L for the period 2008 - 2019.
Find the following using the data bellow Accounts receivable = 111,100,000 Current assets = 316,500,000 Total assets = 600,000,000 A. Return on assets B. Common equity C .Quick ratio
MANCOSA POSTGRADUATE DIPLOMA IN PRORCT MANAGEMENT QUESTION REQUIRED Use the information provided below to calculate the following ratios. Where applicable, und e answers to two decimal places 111 Gross profe margin 312 Operating profit margin 31.3 invertory turnover period 31.4 Trade recelvatles peried 31.5 Trade payables period 31 316 Current ratio 3.1.7 Acid test ratio 3.18 Return on capital employed 32 Comment on the control ef debtors by Saturn imited Sugpest TWO 2) ways in which Saturn Limited can improve its operating profit margin. 33 INFORMATION Excerpts of financial data of Satum Limited for 2019 are as follows: STATEMENT OF COMPREHINSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2019 2600 00 Cost of sales Gros proft Operating profit 1400 000 600 000 40 000 S60 00 Interest expense Proft before tas Tan N STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER: 2019 2008 ASSETS Non-current assets Inventories Accounts recelvable 780000 500 000 240 000 120 000 45L000 1250 p0 EQUITY AND…
Members of the board of directors of Security Check have received the following operating income data for the year ended May 31, 2024 2b. S441,000) SECURITY CHECK Income Statement For the Year Ended May 31, 2024 Froduct Line ndurtrial Hounehold Syrtema Syrtema Tetal Net Sales Revenue $ 200,000 Cont of Goods Solt Variable 27,000 47,000 Fied 200,000 2,000 222,000 Tetal Cont of Goods Sold 237,000 110,000 407,000 Gram Profit a,000 270,000 222,000 Seling and Admiristratie tpen Variable 64000 72,000 127,000 Fied 44,000 70,000 Tutal Seling and Administrative tpenn Operting nme m 1000 S 17L000 207,000 S124,000 Memben of the boand are wrprised tat the indatrial wysem prodact line is not profie- alle. They commisskon a ly o deermine wheher the company shoukd drop the line. Company accountams estimate that dropping indlnrial syotema will decrease fised cot of gah wl by SJK0 and decrease fised seling and administrative espenses by $12J0. Requirements 1. Prepare a differemial analysis to show…
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Personal hotspot.. Used 72.4 MB Prepare the required financial statements for Metro Company Assume you are an analyst evaluating Metro Company. The following data are available in your financial analysis (unless otherwise indicated, all data are as of December 31, 2015): - 50 points Retained earnings, 12/31/2014 Gross profit margin ratio Day's sales in inventory Acid-test ratio Non current assets Day's sales in receivables Shareholder's equity to total debt Sales (all on credit) Common stock $15 par value; 10,000 shares issued and outstanding; issued at $21 per share. $98,000 25% 45 days 2.5 times $280,000 18 days 4 to 1 $920,000 Using these data, construct the December 31, 2015 balance sheet for your analysis. Operating expenses (excluding taxes and cost of goods sold for 2015) are $180,000. The tax rate is 40%. Assume a 360-day year in ratio computations. Current assets consist of cash, accounts receivable, and inventories. Your answer -> 41 •.. Honor Code | bart.. Lite…

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