Capital expenditures a. Compute the current ratio and quick ratio for each year. Note: Round answers to two decimal places. 2017 2016 Current ratio Quick ratio 0.85 x 0.5 x (3,414,814) Debt-to-equity ratio Times interest earned ratin 1.07 0.66 x b. Compute the debt-to-equity ratio for 2017 and 2016 and the times-interest-earned ratio for 2017. Note: Round answers to two decimal places. Use a negative sign with your answer, if appropriate. 2016 2017 4.08 x 0x 2,83 c. Compute the cash burn rate for 2017. Note: Round answer to the nearest whole number. Use a negative sign with your answer, if appropriate. $ 2,109 x thousand per day
Capital expenditures a. Compute the current ratio and quick ratio for each year. Note: Round answers to two decimal places. 2017 2016 Current ratio Quick ratio 0.85 x 0.5 x (3,414,814) Debt-to-equity ratio Times interest earned ratin 1.07 0.66 x b. Compute the debt-to-equity ratio for 2017 and 2016 and the times-interest-earned ratio for 2017. Note: Round answers to two decimal places. Use a negative sign with your answer, if appropriate. 2016 2017 4.08 x 0x 2,83 c. Compute the cash burn rate for 2017. Note: Round answer to the nearest whole number. Use a negative sign with your answer, if appropriate. $ 2,109 x thousand per day
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter16: Statement Of Cash Flows: Another Look
Section: Chapter Questions
Problem 18P
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Need help with what I got wrong, please.
Transcribed Image Text:December 31
Cash and cash equivalents
Restricted cash
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Net receivables
Inventory
Other current assets.
Current assets
Current liabilities
Total liabilities
Stockholders' equity
Loss before income taxes
2017
2016
$3,367,914 $3,393,216
Year ended December 31,
Current ratio
Quick ratio
2017
155,323 105,519
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515,381 499,142
Interest expense
Cash flows from operating activities
Capital expenditures
2,263,537 2,067,454
268,355
194,465
6,570,520 6,259,796
7,674,670 5,827,005
23,022,980 16,750,167
5,632,392 5,913,909
a. Compute the current ratio and quick ratio for each year.
Note: Round answers to two decimal places.
2016
0.85 x
0.5 x
Debt-to-equity ratio
Times interest earned ratin
2017
$(2,209,032)
471,259
(60,654)
(3,414,814)
1.07
0.65 x
b. Compute the debt-to-equity ratio for 2017 and 2016 and the times-interest-earned ratio for 2017.
Note: Round answers to two decimal places. Use a negative sign with your answer, if appropriate.
2017
2016
4.08 x
0 x
2,83✔
c. Compute the cash burn rate for 2017.
Note: Round answer to the nearest whole number. Use a negative sign with your answer, if appropriate.
$ 2,109 x thousand per day.
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