Reed's Clothier - Reed Industry Current ratio 2.02 2.70...

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Reed Clothier Income Statement Net Sales 2,035 Cost of Goods 1,428 Gross profit 607 374 Depreciation & amortization 32 Interest expense 63 Earnings before taxes 138 Income Taxes 53 Net income 85 Balance Sheet Cash 17 Inventories 491 Accounts receivable 413 Total current assets 921 Fixed assets 670 Total assets 1,591 Accounts payable 205 Notes payable 234 Other current liabilities 18 Total current liabilities 457 Long-term debt 604 Total liabilities 1,061 Stockholders' equity 530 Total liabilities and 1,591 stockholders' equity Liquidity Ratios
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Unformatted text preview: Reed Industry Current ratio 2.02 2.70 Quick ratio 0.94 1.60 Receivables turnover 4.93 7.70 Average collection period 74.08 47.40 Efficiency Ratios Total asset turnover 1.28 1.90 Inventory turnover 2.91 7.00 Payable turnover 6.97 15.10 Profitability Ratios Gross profit margin 29.8% 33 Net profit margin 4.2% 7.8 Return on common equity 16.0% 25.9 Year Inventories Net Sales Change in inventory Change in sales 1991 $378 1,812 1992 411 1,886 8.73% 4.08% 1993 452 1,954 9.98% 3.61% 1994 491 2,035 8.63% 4.15% Inventory as % of sales 21.79% 23.13% 24.13%...
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Reed's Clothier - Reed Industry Current ratio 2.02 2.70...

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