Avista & Rite Aid Financial Statements Spring 2024 - Pre-work

Pare Plumbing Products Ltd. reported the following data in 2018 ​(in millions): Data table     2018     Net operating revenues. . . . . . . . $32.7     Operating expenses. . . . . . . . . . 28.2     Operating income. . . . . . . . . . . . 4.5     Nonoperating items:       Interest expense. . . . . . . . (1.1)     Other. . . . . . . . . . . . . . . . . (0.1)     Net income. . . . . . . . . . . . . . . . . . $3.3             Total assets. . . . . . . . . . . . . . . . . $200.0     Total stockholders' equity. . . . . . 74.0   Compute Pare​'s leverage​ ratio, debt​ ratio, and​ times-interest-earned ratio, and write a sentence to explain what those ratio values mean. Use​ year-end figures in place of averages where needed for the purpose of calculating the ratios. Would you be willing to lend Pare ​$1 million? Why or why​ not? ​(Enter all amounts in​ millions.)   ​First, compute Pare​'s leverage…

Use this data to compute the following ratios: 1.Current ratio (Dec 2020 )2.Acid-test Ratio (Dec 2020) 3.Accounts Receivable Turnover 4.Inventory Turnover 5.Return on Assets 6.Profit Margin on Sales 7.Return on Equity 8.Times Interest Earned  b.Discuss the financial condition of ABC Company, Inc. based on what you learn from computing the ratios.

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

CAN SOMEONE HELP ME WITH THE RATIOS?   The comparative statements of Wahlberg Company are presented here.     Wahlberg CompanyIncome StatementFor the Years Ended December 31     2020   2019 Net sales   $1,813,600     $1,750,700   Cost of goods sold   1,007,100     978,000   Gross profit   806,500     772,700   Selling and administrative expenses   519,800     472,000   Income from operations   286,700     300,700   Other expenses and losses                Interest expense   17,100     14,200   Income before income taxes   269,600     286,500   Income tax expense   80,015     77,500   Net income   $ 189,585     $ 209,000     Wahlberg CompanyBalance SheetsDecember 31 Assets   2020   2019 Current assets                 Cash   $60,600     $64,600       Debt investments (short-term)   69,100     50,300       Accounts receivable   117,500     102,800       Inventory   123,600     115,600…

CAN SOMEONE HELP ME WITH THE RATIOS?   The comparative statements of Wahlberg Company are presented here. Wahlberg CompanyIncome StatementFor the Years Ended December 31     2020   2019 Net sales   $1,813,600     $1,750,700   Cost of goods sold   1,007,100     978,000   Gross profit   806,500     772,700   Selling and administrative expenses   519,800     472,000   Income from operations   286,700     300,700   Other expenses and losses                Interest expense   17,100     14,200   Income before income taxes   269,600     286,500   Income tax expense   80,015     77,500   Net income   $ 189,585     $ 209,000     Wahlberg CompanyBalance SheetsDecember 31 Assets   2020   2019 Current assets                 Cash   $60,600     $64,600       Debt investments (short-term)   69,100     50,300       Accounts receivable   117,500     102,800       Inventory   123,600     115,600         Total…

Examine the following selected financial information for Best Value Corporation and Modern ​Stores, Inc., as of the end of their fiscal years ending in 2018​: Data table (In millions) Best Value Corporation Modern Stores, Inc. 1. Total assets. . . . . . . . . . . . . . . . . . . . . . . . . .   $15,256     $203,110   2. Total common stockholders' equity. . . . .   $3,075     $71,460   3. Operating income. . . . . . . . . . . . . . . . . . . .   $1,350     $26,820   4. Interest expense. . . . . . . . . . . . . . . . . . . . . .   $88     $2,020   5. Leverage ratio. . . . . . . . . . . . . . . . . . . . . . . .             6. Total debt. . . . . . . . . . . . . . . . . . . . . . . . . . . .             7. Debt ratio. . . . . . . . . . . . . . . . . . . . . . . . . . . .             8. Times interest earned. . . . . . . . . . . . . . . . .             Requirements…