alculate the financial ratios of Spinneys in 2022 and 2021. 2- Analyze the change between the years 2022 and 2021 in terms of financial ratios. Which financial ratios would you check to evaluate the performance of inventory management and cash management? Which year is better in terms of inventory management and cash managemen
alculate the financial ratios of Spinneys in 2022 and 2021. 2- Analyze the change between the years 2022 and 2021 in terms of financial ratios. Which financial ratios would you check to evaluate the performance of inventory management and cash management? Which year is better in terms of inventory management and cash managemen
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter12: Financial Statements, Closing Entries, And Reversing Entries
Section: Chapter Questions
Problem 3E: Identify each of the following items relating to sections of an income statement as Revenue from...
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1- Calculate the financial ratios of Spinneys in 2022 and 2021.
2- Analyze the change between the years 2022 and 2021 in terms of financial ratios. Which financial ratios would you check to evaluate the performance of inventory management and cash management? Which year is better in terms of inventory management and cash management?
Transcribed Image Text:Q2) Consider the financial statement of Spinneys given in the table below.
Spinneys
Income Statement
Net operating revenues
Cost of goods sold
Gross Profit
Selling, general and administrative expenses
Operating income
Interest expense
Other income (loss)- net
Income before taxes
Income taxes
Other expenses
Net income
Balance Sheet
Assets
Cash and cash equivalents
Short term investments
Net receivables
Inventories
Total current assets
Property, plant and equipment
Goodwill
ZÁZEM HTTP
Other assets
Total assets
Liabilities and Stockholder Equity
Accounts payable
Short-term debt
Other current liability
Total current liability
Long-term debt
Other liabilities
Total liabilities
Stockholder equity
2022
94200
74500
21300
16500
5300
1000
600
5000
2000
700
3400
2022
2100
500
1400
9600
10200
21000
3800
1300
34700
2022
10700
1500
600
11700
7800
2100
20500
1600
2021
81400
61400
20600
16100
5100
1000
600
4700
2000
600
3200
2021
2000
500
1300 A
7500
10300
19700
3600
1300
33200
2021
10100
2100
600
10100
7500
2100
20100
1100
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