ABC Coffee 2018 and 2019 Balance Sheet 2018 2019 2018 2019 ASSETS LIABILITIES Cash $2,060 $2,510 Account Payable $7,250 $5,613 Accounts Receivable $3,411 $4,288 Long Term Debt $9,800 $10,965 Inventory $18,776 $22,980 Total Current Assets $24,247 $29,778 Total Liabilities $17,050 $16,578 EQUITY Common Stock $15,000 $16,000 Net Fixed Assets $14,160 $15,500 Retained Earnings $6,357 $12,700 TOTAL EQUITIES $21,357 $28,700 TOTAL ASSETS $38,407 $45,278 TOTAL LIA & EQUITIES $38,407 $45,278 Please do the ratios for year 2019 a. current ratio h. Debt equity ratio b. quick ratio i. Times Interest earned c. Cash Ratio j. Cash Coverage Ratio d. Total Assets Turnover k. Profit Margin e. Inventory Turnover l. return on Assets f. Receivable Turnover m. return on Equity g. Total debt Ratio
ABC Coffee 2018 and 2019 Balance Sheet 2018 2019 2018 2019 ASSETS LIABILITIES Cash $2,060 $2,510 Account Payable $7,250 $5,613 Accounts Receivable $3,411 $4,288 Long Term Debt $9,800 $10,965 Inventory $18,776 $22,980 Total Current Assets $24,247 $29,778 Total Liabilities $17,050 $16,578 EQUITY Common Stock $15,000 $16,000 Net Fixed Assets $14,160 $15,500 Retained Earnings $6,357 $12,700 TOTAL EQUITIES $21,357 $28,700 TOTAL ASSETS $38,407 $45,278 TOTAL LIA & EQUITIES $38,407 $45,278 Please do the ratios for year 2019 a. current ratio h. Debt equity ratio b. quick ratio i. Times Interest earned c. Cash Ratio j. Cash Coverage Ratio d. Total Assets Turnover k. Profit Margin e. Inventory Turnover l. return on Assets f. Receivable Turnover m. return on Equity g. Total debt Ratio
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 103.2C
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ABC Coffee | ||||||||
2018 and 2019 |
||||||||
2018 | 2019 | 2018 | 2019 | |||||
ASSETS | LIABILITIES | |||||||
Cash | $2,060 | $2,510 | Account Payable | $7,250 | $5,613 | |||
$3,411 | $4,288 | Long Term Debt | $9,800 | $10,965 | ||||
Inventory | $18,776 | $22,980 | ||||||
Total Current Assets | $24,247 | $29,778 | Total Liabilities | $17,050 | $16,578 | |||
EQUITY | ||||||||
Common Stock | $15,000 | $16,000 | ||||||
Net Fixed Assets | $14,160 | $15,500 | $6,357 | $12,700 | ||||
TOTAL EQUITIES | $21,357 | $28,700 | ||||||
TOTAL ASSETS | $38,407 | $45,278 | TOTAL LIA & EQUITIES | $38,407 | $45,278 | |||
Please do the ratios for year 2019 | ||||||||
a. | h. | Debt equity ratio | ||||||
b. | quick ratio | i. | Times Interest earned | |||||
c. | Cash Ratio | j. | Cash Coverage Ratio | |||||
d. | Total Assets Turnover | k. | Profit Margin | |||||
e. | Inventory Turnover | l. | return on Assets | |||||
f. | Receivable Turnover | m. | return on Equity | |||||
g. | Total debt Ratio |
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