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compute the following ratios using the Balance Sheet (Current Year) and Income Statement provided in the images below Current Ratio (in numeric format, 2 decimal places): Debt to Equity (in numeric format, 2 decimal places(): Return on Equity (stated as a percentage, 2 decimal places):

compute the following ratios using the Balance Sheet (Current Year) and Income Statement provided in the images below Current Ratio (in numeric format, 2 decimal places): Debt to Equity (in numeric format, 2 decimal places(): Return on Equity (stated as a percentage, 2 decimal places):

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter10: The Cost Of Capital
Section: Chapter Questions
Problem 1TCL: CALCULATING 3MS COST OF CAPITAL Use online resources to work on this chapters questions. Please note...
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compute the following ratios using the Balance Sheet (Current Year) and Income Statement provided in the images below

Current Ratio (in numeric format, 2 decimal places):

Debt to Equity (in numeric format, 2 decimal places():

Return on Equity (stated as a percentage, 2 decimal places):

Return on Assets (stated as a percentage, 2 decimal places):

 

M Celebrate Black x Quiz: Midterm x y! Describe the m x The simple diff x y! bartleby - Yaho x b My Questions X O Balance Sheet. X + O File | C:/Users/errab/Downloads/Balance%20Sheet.pdf a Balance Sheet.pdf 1 / 1 67% + BIG W CONSTRUCTION BALANCE SHEET Current Last Year Year ASSETS CURRENT ASSETS abilities, and h or equity- at the end of et for a con- ig method is 200.492 144,254 308.253 Cash Accounts Receivable-Trade 402,854 25,365 Accounts Recelvable-Retention Inventory Costs and Profits in Excess Notes Receivablo Prepaid Expenses 21,885 Billings 32,586 15,234 12,548 , and owner's n the bálance s printed. For re 2-2 comes е 2-1. То pre- ounts may be single line on ed from other 5,621 11,254 690,720 4,825 7,225 501,676 Other Current Assets Total Current Assets FIXED AND OTHER ASSETS Land Buildings Construction Equipment 1 72,000 103,862 95,284 51,245 56,896 379,287 224,512 154,775 72,00 103,862 95,284 31,556 42,546 345,248 182,990 Trucks and Autos he sum of the and Profits Current Assets Not all com- Office Equipment Total Fixed Assets Less Acc. Depreclation Net Fixed Assets sts 162,258 171,256 835,190 Other Assets e construction 178,544 1,024,039 Total Assets les, and equity LIABILITIES Current Llabilities 228,585 Accounts Payable-Trade Accounts Payable-Retention Billings In Excess of Costs and Profits Notes Payable 325,458 (2-1) 22,546 5,218 15,514 15,648 10,521 3,564 18,254 11,562 45,250 16,658 8,254 3,002 Accrued Payables Accrued Taxes y lead to some ecause it could ickets left over sonable chance pany would be nt assets, long- Accrued Vacation Capital Lease Payable Warranty Reserves Other Current Llabilities 25,438 423,907 35,648 367,213 99,073 466,286 Total Current Liabilities 153,215 577,122 Long-Term Liablities Total Liabilities re those assets 1ed within one inventory, cost i, and other as :ies. OWNER'S EQUITY Capltal Stock Retained Earnings Current Perlod Net Income Total Equity Total Llablities and Equity 10,000 436,917 10,000 358,904 446,917 368,904 king accounts), one year or less 1,024,039 835,190 FIGURE 2-2 Balance Sheet for Big W Construction 25 6:59 PM 2/26/2022 .. of | Wg 川 ii. II
Transcribed Image Text:M Celebrate Black x Quiz: Midterm x y! Describe the m x The simple diff x y! bartleby - Yaho x b My Questions X O Balance Sheet. X + O File | C:/Users/errab/Downloads/Balance%20Sheet.pdf a Balance Sheet.pdf 1 / 1 67% + BIG W CONSTRUCTION BALANCE SHEET Current Last Year Year ASSETS CURRENT ASSETS abilities, and h or equity- at the end of et for a con- ig method is 200.492 144,254 308.253 Cash Accounts Receivable-Trade 402,854 25,365 Accounts Recelvable-Retention Inventory Costs and Profits in Excess Notes Receivablo Prepaid Expenses 21,885 Billings 32,586 15,234 12,548 , and owner's n the bálance s printed. For re 2-2 comes е 2-1. То pre- ounts may be single line on ed from other 5,621 11,254 690,720 4,825 7,225 501,676 Other Current Assets Total Current Assets FIXED AND OTHER ASSETS Land Buildings Construction Equipment 1 72,000 103,862 95,284 51,245 56,896 379,287 224,512 154,775 72,00 103,862 95,284 31,556 42,546 345,248 182,990 Trucks and Autos he sum of the and Profits Current Assets Not all com- Office Equipment Total Fixed Assets Less Acc. Depreclation Net Fixed Assets sts 162,258 171,256 835,190 Other Assets e construction 178,544 1,024,039 Total Assets les, and equity LIABILITIES Current Llabilities 228,585 Accounts Payable-Trade Accounts Payable-Retention Billings In Excess of Costs and Profits Notes Payable 325,458 (2-1) 22,546 5,218 15,514 15,648 10,521 3,564 18,254 11,562 45,250 16,658 8,254 3,002 Accrued Payables Accrued Taxes y lead to some ecause it could ickets left over sonable chance pany would be nt assets, long- Accrued Vacation Capital Lease Payable Warranty Reserves Other Current Llabilities 25,438 423,907 35,648 367,213 99,073 466,286 Total Current Liabilities 153,215 577,122 Long-Term Liablities Total Liabilities re those assets 1ed within one inventory, cost i, and other as :ies. OWNER'S EQUITY Capltal Stock Retained Earnings Current Perlod Net Income Total Equity Total Llablities and Equity 10,000 436,917 10,000 358,904 446,917 368,904 king accounts), one year or less 1,024,039 835,190 FIGURE 2-2 Balance Sheet for Big W Construction 25 6:59 PM 2/26/2022 .. of | Wg 川 ii. II
M Celebrate B X y! Describe th X Quiz: Midte x The simple X y! bartleby - Y × b My Questio X O Balance She X S Income Stat X O File | C:/Users/errab/Downloads/Income%20Statement%20(1).pdf a Income Statement (1).pdf 1 / 1 67% + THE INCOME STATEMENT The income statement shows a company's revenues, expenses, and the resulting profit generated over a period of time. Income statements span a period of time between two balance sheets and record all transactions that occur during the pe- riod. Income statements are commonly prepared for each month and the fiscal year. A typical income statement for a construction company using the percent- age-of-completion accounting method is shown in Figure 2-3. FIGURE 2-3 Income Statement for Big W Construction BIG W CONSTRUCTION INCOME STATEMENT 1 REVENUES 3,698,945 100.0% CONSTRUCTION COSTS Materials 712,564 19.3% 896,514 24.2% 1,452,352 39.3% 119,575 Labor Subcontract Equipment 3.2% Other 5,452 0.1% Total Construction Costs 3,186,457 86.1% EQUIPMENT COSTS Rent and Loase Payments Depreciation Repairs and Malntenance Fuel and Lubrication Taxes, Licenses, and Insurance Equipment Costs Charged to Jobs Equlpment Costs Charged to Employoos Total Equipment Costs 35,425 32,397 21,254 29,245 1,254 119,575 1.0% 0.9% 0.6% 0.8% 0.0% 3.2% 0.0% 0.0% GROSS PROFIT 512,488 13.9% OVERHEAD 422,562 11.4% NET PROFIT FROM OPERATIONS 89,926 2.4% OTHER INCOME AND EXPENSE 21,521 0.6% PROFIT BEFORE TAXES 111,447 3.0% INCOME TAX 33,434 0.9% PROFIT AFTER TAXES 78,013 2.1% 7:01 PM 2/26/2022 .. of + II
Transcribed Image Text:M Celebrate B X y! Describe th X Quiz: Midte x The simple X y! bartleby - Y × b My Questio X O Balance She X S Income Stat X O File | C:/Users/errab/Downloads/Income%20Statement%20(1).pdf a Income Statement (1).pdf 1 / 1 67% + THE INCOME STATEMENT The income statement shows a company's revenues, expenses, and the resulting profit generated over a period of time. Income statements span a period of time between two balance sheets and record all transactions that occur during the pe- riod. Income statements are commonly prepared for each month and the fiscal year. A typical income statement for a construction company using the percent- age-of-completion accounting method is shown in Figure 2-3. FIGURE 2-3 Income Statement for Big W Construction BIG W CONSTRUCTION INCOME STATEMENT 1 REVENUES 3,698,945 100.0% CONSTRUCTION COSTS Materials 712,564 19.3% 896,514 24.2% 1,452,352 39.3% 119,575 Labor Subcontract Equipment 3.2% Other 5,452 0.1% Total Construction Costs 3,186,457 86.1% EQUIPMENT COSTS Rent and Loase Payments Depreciation Repairs and Malntenance Fuel and Lubrication Taxes, Licenses, and Insurance Equipment Costs Charged to Jobs Equlpment Costs Charged to Employoos Total Equipment Costs 35,425 32,397 21,254 29,245 1,254 119,575 1.0% 0.9% 0.6% 0.8% 0.0% 3.2% 0.0% 0.0% GROSS PROFIT 512,488 13.9% OVERHEAD 422,562 11.4% NET PROFIT FROM OPERATIONS 89,926 2.4% OTHER INCOME AND EXPENSE 21,521 0.6% PROFIT BEFORE TAXES 111,447 3.0% INCOME TAX 33,434 0.9% PROFIT AFTER TAXES 78,013 2.1% 7:01 PM 2/26/2022 .. of + II
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