Homework Help is Here – Start Your Trial Now!
Business
Finance
Solve and perform the different financial ratios using the financial statements of XYZ Company for the year 2021. 1.      Current Ratio 2.      Quick Ratio 3.      Receivables Turnover 4.      Inventory Turnover 5.      Debt Ratio   6.      Equity Ratio 7.      Times Interest Earned 8.      Gross Profit Margin 9.      Operating Profit Margin 10.   Net Profit Margin

Solve and perform the different financial ratios using the financial statements of XYZ Company for the year 2021. 1.      Current Ratio 2.      Quick Ratio 3.      Receivables Turnover 4.      Inventory Turnover 5.      Debt Ratio   6.      Equity Ratio 7.      Times Interest Earned 8.      Gross Profit Margin 9.      Operating Profit Margin 10.   Net Profit Margin

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 16MCQ
See similar textbooks
icon
Related questions
Question
Practice Pack

Solve and perform the different financial ratios using the financial statements of XYZ Company for the year 2021.

1.      Current Ratio

2.      Quick Ratio

3.      Receivables Turnover

4.      Inventory Turnover

5.      Debt Ratio

 

6.      Equity Ratio

7.      Times Interest Earned

8.      Gross Profit Margin

9.      Operating Profit Margin

10.   Net Profit Margin

 
6 Current Assets Cash and cash equivalents Trading Securities 7 176,000 8 119,000 9 Trade and other receivables 610,000 Inventory Prepaid expenses 10 659,000 11 152,000 12 Total Current assets 1,716,000 13 Non-current assets Property, plant and equipment Long-term investment 14 2,047,000 15 332,000 16 Total Non-current assets 2,379,000 17 Total Assets 4,095,000 18 19 Current Liabilities 20 Trade and other payables 860,000 21 Other current liabilities 57,000 22 Total current liabilities 917,000 23 Non-current liabilities 24 4% Bond payables 798,000 Total Liabilities 1,715,000 25 26 Owner's equity Jenny, Capital Total liabilities and owner's capital 27 2,380,000 28 4,095,000 29
Transcribed Image Text:6 Current Assets Cash and cash equivalents Trading Securities 7 176,000 8 119,000 9 Trade and other receivables 610,000 Inventory Prepaid expenses 10 659,000 11 152,000 12 Total Current assets 1,716,000 13 Non-current assets Property, plant and equipment Long-term investment 14 2,047,000 15 332,000 16 Total Non-current assets 2,379,000 17 Total Assets 4,095,000 18 19 Current Liabilities 20 Trade and other payables 860,000 21 Other current liabilities 57,000 22 Total current liabilities 917,000 23 Non-current liabilities 24 4% Bond payables 798,000 Total Liabilities 1,715,000 25 26 Owner's equity Jenny, Capital Total liabilities and owner's capital 27 2,380,000 28 4,095,000 29
Expert Solution
video

Learn your way

Includes step-by-step video

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Vertical statement analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Accounting (Text Only)
Accounting (Text Only)
Accounting
ISBN:
9781285743615
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Financial & Managerial Accounting
Financial & Managerial Accounting
Accounting
ISBN:
9781285866307
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Financial Accounting: The Impact on Decision Make…
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS