1. Calculate the current ratio for each of the following competing companies. (Round your answers to 2 decimal places.) W Edison MAXT Chatter TRU Gleeson $ Current Assets Current Liabilities 84,000 $ 31,818 111,720 76,663 47,376 49,166 90,972 82,636 64,596 101,108 Current Ratio
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- SDJ Inc., has net working capital of $1165, current liabilities of $6,775 and inventory of $1185 a What is the current ratio? b What is the quick ratio? (do not round intermediate calculations and round your answer to 2 decimal placesRefer to the original data. Compute the company's margin of safety in both dollar and percentage terms. (Round your percentage answer to 2 decimal places (i.e. 0.1234 should be entered as 12.34).)What is Horizontal Analysis? How does it differ from Vertical Analysis? Do you believe one type of analysis is more useful than the other? (2) Perform horizontal analysis on the figures below using dollar amounts and percentages. Round percent answers to one decimal place. (3) Think of the different users of financial statements and discuss who would be interested in this information (and why). 20Y8 20Y7 Fees Earned $680,000 $850,000 Operating Expenses 541,875 637,500 Net Income $138,125 $212,500
- Using these data from the comparative balance sheet of Cullumber Company, perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.) Increase or (Decrease) Dec. 31, 2022 Dec. 31, 2021 Amount Percentage Accounts receivable $ 608,400 $ 520,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal places. % Inventory $ 931,700 $ 770,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal points. % Total assets $3,381,000 $2,940,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal points. %1. SDJ, Inc., has net working capital of $2,710, current liabilities of $3,950, and inventory of $3,420. What is the current ratio? (Round your answer to 2 decimal places. (e.g., 32.16)) What is the quick ratio? (Round your answer to 2 decimal places. (e.g., 32.16))Your answer is partially correct. Try again. Using these data from the comparative balance sheet of Cullumber Company, perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.) Increase or (Decrease) Dec. 31, 2022 Dec. 31, 2021 Amount Percentage Accounts receivable $ 608,400 $ 520,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal places. % Inventory $ 931,700 $ 770,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal points. % Total assets $3,381,000 $2,940,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal points. %
- Using these data from the comparative balance sheet of Ivanhoe Company, perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.) Increase or (Decrease) Dec. 31, 2022 Dec. 31, 2021 Amount Percentage Accounts receivable $ 487,200 $ 420,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal places. % Inventory $ 804,000 $ 670,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal points. % Total assets $3,237,600 $2,840,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal points. %SDJ, Inc., has net working capital of $2,060, current liabilities of $5,550, and inventory of $1,250. Requirement 1: What is the current ratio? (Round your answer to 2 decimal places (e.g., 3.16).) Current ratio times Requirement 2: What is the quick ratio? (Round your answer to 2 decimal places (e.g., 3.16).) Quick ratio timesIf your total assets equal $11,886 and your total liabilities equal $10,296; your solvency ratio is: (Keep 2 decimal places)
- Suppose McDonald’s 2022 financial statements contain the following selected data (in millions). Current assets $3,381.0 Interest expense $466.0 Total assets 30,189.0 Income taxes 1,929.0 Current liabilities 2,963.0 Net income 4,544.0 Total liabilities 16,156.0 (a1)Compute the following values. a. Working capital. (Round to 1 decimal place, e.g. 5,275.5) $enter a dollar amount in millions millions b. Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) enter current ratio rounded to 2 decimal places :1 c. Debt to assets ratio. (Round to 0 decimal places, e.g. 62%.) enter percentages rounded to 0 decimal places % d. Times interest earned. (Round to 2 decimal places, e.g. 6.25.) enter times interest earned rounded to 2 decimal places timesThe following information is available from the annualreport of Frixell, Inc.: Currentliabilities . . . . $300,000Operatingincome . . . . . 240,000Net income . . . . 80,000 Currentassets . . . . $ 480,000Average totalassets . . . . 2,000,000Average totalequity . . . . 800,000Which of the following statements are correct? (More thanone statement may be correct.)a. The return on equity exceeds the return on assets.b. The current ratio is 0.625 to 1.SDJ, Incorporated, has net working capital of $3,490, current liabilities of $4,950, and inventory of $4,990. a. What is the current ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the quick ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)