- Slayer Inc Year 2 Income Statement Required Sales Cogs Gross Margin Op Expenses Op Income Loss On Disposal Income B 1 (340.1 KiB) Viewed 94 times
Slayer Inc. Year 2 Income
Statement: Required: Sales COGS Gross Margin Op. Expenses Op. Income Loss on Disposal Income Before Taxes Taxes 1,250,000 715,000 535,000 305,000 230,000 15,000 215,000 i) Compute Current Ratio & Quick Ratio ii) Compute the four Efficiency Ratios iii) Compute the five Profiotabilty Ratios iv) Compute the three Solvency Ratios v) Complete the Quiz on Canvas 65,000 Net Income 150,000 Comparative Balance Sheets: Assets Cash A/R Inventory Prepaids Total Current Assets Year 2 40,000 205,000 225,000 25,000 495,000 Year 1 25,000 215,000 180,000 15,000 435,000 Long Term Investments 25,000 15,000 Property, Plant & Equipment Accum. Depreciation Net Property, Plant & Equipment 435,000 -120,000 315,000 350,000 -80,000 270,000 Total Assets 835,000 720,000 Liabilities A/P Unearned Revenue Total Current Liabilities 145,000 20,000 165,000 175,000 45,000 220,000 Long Term Note Payable 140,000 145,000 Total Liabilities 305,000 365,000 Equity Common Stock Retained Earnings Total Owners' Equity 370,000 160,000 530,000 260,000 95,000 355,000 Total Liabilities & Equity 835,000 720,000 0 0
Question 1 What is the Year 2 Current Ratio?
Question 2 What is the Year 2 Quick Ratio?
Question 3 What is the Year 2 Inventory Turnover?
Question 4 What is the Year 2 A/R Turnover (assume 100% of sales are on cre
Question 5 What are the Year 2 Number of Days Sales Uncollected (assume 1 credit)?
Question 6 What is Year 2 ROA/ROI?
Question 7 What is Year 2 ROE?
Question 8 What is the Year 2 Debt Ratio
Question 8 What is the Year 2 Debt Ratio?
Question 9 What is the Year 2 Debt to Equity ratio?