Glass_Jessica_week 2 - Jessica Glass April 9,2016 AMP-415...

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Jessica Glass April 9,2016 AMP-415 Assighnment 2 Question This Year 1.A) Current Assets (a) $ 1,520,000.00 Current Liabilities (b) $ 800,000.00 Working Capital (a -b) $ 720,000.00 1.B) Current Assets (a) $ 1,520,000.00 Current Liabilities (b) $ 800,000.00 Current Ratio (a/b) 1.90 1.C) Quick Assets (a) $ 550,000.00 Current Liabilities (b) $ 800,000.00 Acid-test Ratio (a/b) 0.69 1.D) Sales on Account (a) $ 5,000,000.00 Average Receivables (b) $ 390,000.00 AR Turnover (a/b) 12.82 Average Collection Period. 365 days / by AR Turnover 28.47 1.E) Cost of Goods Sold (a) $ 3,875,000.00 Average Inventory (b) $ 775,000.00 Inventory Turnover Ratio (a/b) 5 Average Sale Period. 365 days / by Inventory Turnover 73 1.F) Average Sale Period $ 73.00 Average Collection Period $ 28.47 Operating Cycle 101.47 1.G) Sales (a) $ 5,000,000.00 Average total Assets (b) $ 2,730,000.00 Total Asset Turnover (a/b) 1.83 1.H) Total Liabilities (a) $ 3,000,000.00 Stockholders Equity (b) $ 1,600,000.00 Debt to equity ratio (a/b) 1.88 1.I) Net income before taxes and interest (a) $ 472,000.00
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Interest expense (b) $ 72,000.00 Time interest earned (a/b) 6.56 1.J) Average total assets (a) $ 2,730,000.00 Average Stockholders equity (b) $ 1,515,000.00 Equity multiplier (a/b) 1.80 2.A) Common-Size Balance Sheets This Year Current Assets: Cash 2.3% Marketable Securities 0.0%
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