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Using the information below, what is Puppy Company's debt to total assets ratio f 2019? The following financial statement accounts and balances are for Puppy Company: Cash Accounts Receivable Total Inventory Prepaid Expenses Total Current Assets Property and Equipment Total Assets Total Current Liabilities Total Debt Total Liabilities Total Shareholders' Equity Sales / Net Revenue / Net Credit Sales COGS (Cost of Goods Sold) Gross Profit 2019| 82,370 6,555 327,750 4,288 420,963 290,750 711,713 111,450 45,000 156,450 555,263 2018 71,740 5,963 364,680 5,382 447,765| 250,612 698,377 128,857 50,512 179,369 519,008 2,250,000 2,064,676| 1,370,500 1,299,092 765,584 Net Income / Profit 879,500 207,850 250,094

Using the information below, what is Puppy Company's debt to total assets ratio f 2019? The following financial statement accounts and balances are for Puppy Company: Cash Accounts Receivable Total Inventory Prepaid Expenses Total Current Assets Property and Equipment Total Assets Total Current Liabilities Total Debt Total Liabilities Total Shareholders' Equity Sales / Net Revenue / Net Credit Sales COGS (Cost of Goods Sold) Gross Profit 2019| 82,370 6,555 327,750 4,288 420,963 290,750 711,713 111,450 45,000 156,450 555,263 2018 71,740 5,963 364,680 5,382 447,765| 250,612 698,377 128,857 50,512 179,369 519,008 2,250,000 2,064,676| 1,370,500 1,299,092 765,584 Net Income / Profit 879,500 207,850 250,094

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Using the information below, what is Puppy Company's debt to total assets ratio for 2019? The following financial statement accounts and balances are for Puppy Company: Cash Accounts Receivable Total Inventory Prepaid Expenses Total Current Assets Property and Equipment Total Assets Total Current Liabilities Total Debt Total Liabilities Total Shareholders' Equity Sales / Net Revenue / Net Credit Sales COGS (Cost of Goods Sold) Gross Profit 2019 82,370 6,555 327,750 4,288 420,963 290,750 711,713 111,450| 45,000 156,450 555,263 2018 71,740 5,963 364,680 5,382 447,765 250,612 698,377 128,857 50,512 179,369 519,008 2,250,000 2,064,676 1,370,500 1,299,092| 765,584 Net Income / Profit 879,500 207,850|| 250,094 Here are some formulas that you may find helpful: Item Formula Desired Result Current Ratio Quick Ratio (Acid-test) Current assets / Current liabilities Cash+ short-term investments + AR / Current liabilities Sales / Higher Higher Receivables turnover Higher
Transcribed Image Text:Using the information below, what is Puppy Company's debt to total assets ratio for 2019? The following financial statement accounts and balances are for Puppy Company: Cash Accounts Receivable Total Inventory Prepaid Expenses Total Current Assets Property and Equipment Total Assets Total Current Liabilities Total Debt Total Liabilities Total Shareholders' Equity Sales / Net Revenue / Net Credit Sales COGS (Cost of Goods Sold) Gross Profit 2019 82,370 6,555 327,750 4,288 420,963 290,750 711,713 111,450| 45,000 156,450 555,263 2018 71,740 5,963 364,680 5,382 447,765 250,612 698,377 128,857 50,512 179,369 519,008 2,250,000 2,064,676 1,370,500 1,299,092| 765,584 Net Income / Profit 879,500 207,850|| 250,094 Here are some formulas that you may find helpful: Item Formula Desired Result Current Ratio Quick Ratio (Acid-test) Current assets / Current liabilities Cash+ short-term investments + AR / Current liabilities Sales / Higher Higher Receivables turnover Higher
Here are some formulas that you may find helpful: Item Formula Desired Result Current assets / Current liabilities Cash+ short-term investments + AR / Current liabilities Sales / Average gross accounts receivable |Days in year / Receivables turnover |Cost of goods sold / Average inventory Days in year / Inventory turnover Total liabilities / Total assets Current Ratio Quick Ratio (Acid-test) Higher Higher Receivables turnover Higher Collection Period Inventory turnover Days sales in inventory Debt to Total Assets Lower |Higher Lower Lower Debt to Equity Total liabilities / Owner's (Shareholders') Equity Gross Profit/ Total revenue Lower Gross Margin (%) (Gross Profit Margin) Profit Margin (%) (Net Margin) Asset turnover Return on Assets Higher Net profit / Total revenue Higher Net sales / Average total assets Net profit / average total assets Profit / Average shareholders' equity Higher Higher Return on Equity (ROE) Higher 45% O 22% 220% 5%
Transcribed Image Text:Here are some formulas that you may find helpful: Item Formula Desired Result Current assets / Current liabilities Cash+ short-term investments + AR / Current liabilities Sales / Average gross accounts receivable |Days in year / Receivables turnover |Cost of goods sold / Average inventory Days in year / Inventory turnover Total liabilities / Total assets Current Ratio Quick Ratio (Acid-test) Higher Higher Receivables turnover Higher Collection Period Inventory turnover Days sales in inventory Debt to Total Assets Lower |Higher Lower Lower Debt to Equity Total liabilities / Owner's (Shareholders') Equity Gross Profit/ Total revenue Lower Gross Margin (%) (Gross Profit Margin) Profit Margin (%) (Net Margin) Asset turnover Return on Assets Higher Net profit / Total revenue Higher Net sales / Average total assets Net profit / average total assets Profit / Average shareholders' equity Higher Higher Return on Equity (ROE) Higher 45% O 22% 220% 5%
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