Find the coverage ratio and profitability ratio calculateliquidity ratioefficiency ratiosleverage ratioscoverage ratioprofitability ratiosuse these ratio prepare a reportIncome Statement20202019Balance Sheet20202019Sales58,41075,250AssetsCost of goods sold34,95023,46035,200Cash1,7508,410Gross Profit40,050Accounts Receivable3,2047,405Selling & G&A Exp. 13,950DepreciationOperating ExpensesOperating IncomeInterest Expense13,200Inventories9,4508,5001,7881,785Total Current Assets14,40424,31515,73814,985Fixed Assets30,12029,4717,722(762)Pretax Income (EBT) 6,96025,065 Total Assets44,52453,786(855)24,210 Liabilities and Shareholders' EquityTaxes2,0887,263Accounts PayableAccrued Expenses9,1206,750Net Income4,87216,9476,5206,424Total Current Liabilities15,64013,174Long-term Debt24,12015,780Total Liabilities39,76028,954Common Stock5556Retained EarningsTotal EquityTotal Liabilities and Equity17,66015,76517,71515,82157,47544,775

Ratio analysis is used for measuring the financial efficiency, profitability and revenue of an…

Answered: Find the coverage ratio and…

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Finance

Find the coverage ratio and profitability ratio

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 1AP

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