Optical Solutions Inc Complete

Optical Solutions Inc Complete - Optical Solutions Inc....

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Optical Solutions Inc. Solvency Ratios: FYE 2010 FYE 2009 Industry Comparative Retained Earnings Statements Current Position Analysis: For the Years Ended December 31, 2003 and 2002 Working Capital, $756,000 $472,000 2010 2009 Current Ratio 3.1 2.475 Retained Earnings, January 1 $604,000 $306,000 Add net income for the year 428,000 314,000 Quick Ratio 2.4 2.2 Total $1,032,000 $620,000 Deduct dividends: Accounts Receivable Analysis: On pereferred stock 4,000 4,000 AR Turnover` 6.8 6.3 On common stock 12,000 12,000 Total $16,000 $16,000 Average Days' Sales in Receivables, 53.7 58.3 Retained Earnings, December 31 $1,016,000 $604,000 Inventory Analysis: Inv. Turnover 3.5 3.6 Optical Solutions Inc. Comparative Income Statements # Days' Sales in Inventory, 104.3 100.3 For the Years Ended December 31, 2003 and 2002 2010 2009 Other Solvency Ratios: Sales $1,608,000 $1,481,600 Ratio of Fixed Assets to Long-Term Deb 1.3 1.22 Sales returns and allowances 5,920 6,000 Net sales $1,602,080 $1,475,600
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This note was uploaded on 02/11/2012 for the course BUSINESS 130 taught by Professor Mccormack during the Spring '10 term at Berea.

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