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Solve the following ratios from year 2018-2020. Show complete solutions/computations. -CURRENT RATIO -QUICK RATIO -OPERATING MARGIN -PROFIT MARGIN - RETURN ON TOTAL ASSETS (ROA) - BASIC EARNINGS POWER -RETURN ON EQUITY (ROE) -INVENTORY TURNOVER RATIO -DAYS SALES

Solve the following ratios from year 2018-2020. Show complete solutions/computations. -CURRENT RATIO -QUICK RATIO -OPERATING MARGIN -PROFIT MARGIN - RETURN ON TOTAL ASSETS (ROA) - BASIC EARNINGS POWER -RETURN ON EQUITY (ROE) -INVENTORY TURNOVER RATIO -DAYS SALES

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. Solve the following ratios from year 2018-2020. Show complete solutions/computations. -CURRENT RATIO -QUICK RATIO -OPERATING MARGIN -PROFIT MARGIN - RETURN ON TOTAL ASSETS (ROA) - BASIC EARNINGS POWER -RETURN ON EQUITY (ROE) -INVENTORY TURNOVER RATIO -DAYS SALES OUTSTANDING -FIXED ASSETS TURNOVER -TOTAL ASSETS TURNOVER -INVENTORY CONVERSION PERIOD -TOTAL DEBT TO TOTAL ASSETS -TOTAL DEBT TO TOTAL CAPITAL -TIMES-INTEREST-EARNED RATIO -EARNINGS PER SHARE -PRICE EARNINGS RATIO -MARKET BOOK VALUE RATIO
15 16 Liabilities and Owner's Equity 17 Current Liabilities Accounts Payable Payable/Accrued Accrued Expenses Notes Payable/Short Term Debt Current Port. of LT Debt/Capital Leases 18 GLOBE Financial Position 7,740.15 725.25 12,738.17 5,595.93 19 2020 2019 2018 20 31-Dec 31-Dec 31-Dec 33.805.28 38,036.26 41.543.34 21 Assets 22 Current Assets 9,520.62 13,901.72 16,758.20 23 Cash and Short Term Investments 24,210.96 80,275.03 Other Current liabilities, Total 24,899.05 21,568.19 19,508.11 8,040.66 8,298.09 23,226.39 24 Total Current Liabilities 84,577.18 85,465.66 25 Cash 3,728.29 2,018.91 Cash & Equivalents Short Term Investments Total Receivables, Net Non-Current Liabilities Total Long Term Debt Long Term Debt 26 159,796.20 125,624.64 131,523.70 27 11,467.45 4,569.80 21,207.48 156,270,73 122,942.84 131,523.70 33,467.14 29,478.17 28 2,681.80 5,057.64 27,101.64 32,316.04 29,584.11 3,525.47 Capital Lease Obligations Deferred Income Tax 29 27,101.64 5,056.34 3,918.49 Accounts Receivables - Trade, Net 30 Total Inventory 5,988.90 4,713.57 Minority Interest 237.41 134.58 24.17 4,854.94 11,668.54 31 Prepaid Expenses 32 Other Current Assets, Total 33 Total Current Assets 34 11,497.19 13,190.53 Other Liabilities, Total 11,847.79 7,784.28 5,446.75 Total Non-current Liabilities 176,937,74 138,601.14 140,913.11 2.01 2,070.14 1,457.47 Total Liabilities 257,212.77 223,178.32 226,378.77 64,097.85 61,739.47 73,523.38 Non-Current Assets Equity Redeemable Preferred Stock, Total 35 Property/Plant/Equipment, Total - Net Property/Plant/Equipment, Total - Gross Accumulated Depreciation, Total Goodwill, Net Intangibles, Net 194,593.23 482,556.01 287,962.78 36 186,228.81 169,393.77 443,892.84 400,796.69 231,402.92 1,140.25 12,558.02 Preferred Stock - Non Redeemable, Net Common Stock, Total Additional Paid-In Capital Retained Earnings (Accumulated Deficit) Treasury Stock - Common 37 1,792.58 1.792,58 1,792,58 38 257,664.04 6,671.64 6,660.42 6,652.66 37,001.63 36,808.78 37,617.26 39 3,150.68 2,899.32 36,528.25 40 41,320.82 27,584.74 12,653.78 36,611.65 13,902.23 41 Long Term Investments 42 Note Receivable - Long Term 43 Other Long Term Assets, Total 44 Total Non-Current Assets 45 Total Assets 38,247.73 35,869.72 ESOP Debt Guarantee 1,289.84 5,723.14 225,974.74 478.00 194.35 Unrealized Gain (Loss) Other Equity, Total Total Equity Total Liabilities & Shareholders' Equity 753.67 660.31 293.85 25,310.10 3,963.36 4,973.26 2,426.92 267.25 275,681.97 242,551.27 304,290.74 82,567.08 81,112.43 73,119.33 339,779.82 299,498.12 339,779.84 304,290.74 299,498.11 46 Total Common Shares Outstanding Total Preferred Shares Outstanding 47 133,43 133.21 133.05 178.51 178.51 178.51 48 49
Transcribed Image Text:15 16 Liabilities and Owner's Equity 17 Current Liabilities Accounts Payable Payable/Accrued Accrued Expenses Notes Payable/Short Term Debt Current Port. of LT Debt/Capital Leases 18 GLOBE Financial Position 7,740.15 725.25 12,738.17 5,595.93 19 2020 2019 2018 20 31-Dec 31-Dec 31-Dec 33.805.28 38,036.26 41.543.34 21 Assets 22 Current Assets 9,520.62 13,901.72 16,758.20 23 Cash and Short Term Investments 24,210.96 80,275.03 Other Current liabilities, Total 24,899.05 21,568.19 19,508.11 8,040.66 8,298.09 23,226.39 24 Total Current Liabilities 84,577.18 85,465.66 25 Cash 3,728.29 2,018.91 Cash & Equivalents Short Term Investments Total Receivables, Net Non-Current Liabilities Total Long Term Debt Long Term Debt 26 159,796.20 125,624.64 131,523.70 27 11,467.45 4,569.80 21,207.48 156,270,73 122,942.84 131,523.70 33,467.14 29,478.17 28 2,681.80 5,057.64 27,101.64 32,316.04 29,584.11 3,525.47 Capital Lease Obligations Deferred Income Tax 29 27,101.64 5,056.34 3,918.49 Accounts Receivables - Trade, Net 30 Total Inventory 5,988.90 4,713.57 Minority Interest 237.41 134.58 24.17 4,854.94 11,668.54 31 Prepaid Expenses 32 Other Current Assets, Total 33 Total Current Assets 34 11,497.19 13,190.53 Other Liabilities, Total 11,847.79 7,784.28 5,446.75 Total Non-current Liabilities 176,937,74 138,601.14 140,913.11 2.01 2,070.14 1,457.47 Total Liabilities 257,212.77 223,178.32 226,378.77 64,097.85 61,739.47 73,523.38 Non-Current Assets Equity Redeemable Preferred Stock, Total 35 Property/Plant/Equipment, Total - Net Property/Plant/Equipment, Total - Gross Accumulated Depreciation, Total Goodwill, Net Intangibles, Net 194,593.23 482,556.01 287,962.78 36 186,228.81 169,393.77 443,892.84 400,796.69 231,402.92 1,140.25 12,558.02 Preferred Stock - Non Redeemable, Net Common Stock, Total Additional Paid-In Capital Retained Earnings (Accumulated Deficit) Treasury Stock - Common 37 1,792.58 1.792,58 1,792,58 38 257,664.04 6,671.64 6,660.42 6,652.66 37,001.63 36,808.78 37,617.26 39 3,150.68 2,899.32 36,528.25 40 41,320.82 27,584.74 12,653.78 36,611.65 13,902.23 41 Long Term Investments 42 Note Receivable - Long Term 43 Other Long Term Assets, Total 44 Total Non-Current Assets 45 Total Assets 38,247.73 35,869.72 ESOP Debt Guarantee 1,289.84 5,723.14 225,974.74 478.00 194.35 Unrealized Gain (Loss) Other Equity, Total Total Equity Total Liabilities & Shareholders' Equity 753.67 660.31 293.85 25,310.10 3,963.36 4,973.26 2,426.92 267.25 275,681.97 242,551.27 304,290.74 82,567.08 81,112.43 73,119.33 339,779.82 299,498.12 339,779.84 304,290.74 299,498.11 46 Total Common Shares Outstanding Total Preferred Shares Outstanding 47 133,43 133.21 133.05 178.51 178.51 178.51 48 49
Globe Income Statement 2020 2019 2018 31-Doc 31-Doc 31-Dec Total Revenue Revenue 160,519.54 166,660.34 151,172.81 160,519.54 166,660.34 151,172.81 Other Revenue, Total Cost of Revenue, Total 17,698.22 23,251.40 24,700,46 Gross Profit 142,821.32 143,408.93 126,472.34 Total Operating Expenses Selling/General/Admin. Expenses, Total Research & Development Depreciation / Amortization Interest Expense (Income) - Net Operating Unusual Expense (Income) Other Operating Expenses, Total Operating Income Interest Income (Expense), Net Non-Operating 126,282.75 125,057.62 116,682.52 70,481.17 67,811.57 60,714.48 35,406.48 34,137.94 30,411.70 5.55 5.60 10.02 3.849.67 548.02 778.55 1,158.35 696.91 67.31 41,602.72 34,490.29 34,236.79 6,072.00 8.225.36 6,730.00 Gain (Loss) on Sale of Assets Other, Net Net Income Before Taxes 43.01 593.00 33.24 73.09 1,058.38 220.06 27,139.66 8,516.62 18,623.04 32.827,38 27,613.32 Provision for Income Taxes 10,543.62 8,987.37 Net Income After Taxes Minority Interest Equity In Affiliates U.S GAAP Adjustment Net Income Before Extraordinary Items Total Extraordinary Items 22.283.76 18,625.94 44.72 14.42 14.80 18,578.32 22,269.34 18,640.74 22,269.34 570.09 Net Income 18,578.32 18,640.74 570.09 Total Adjustments to Net Income Income Available to Common Excluding Extraordinary Dilution Adjustment Diluted Net Income 561.81 18,008.24 21,699.25 18,078.93 41,75 18,008.24 21,699.25 18,120.68 Diluted Weighted Average Shares Diluted EPS Excluding Extraordinary Items DPS - Common Stock Primary Issue 134.36 134.09 133.84 134.03 161.83 135.40 107.99 91.00 91.00 Diluted Normalized EPS 153,52 164.39 138,95
Transcribed Image Text:Globe Income Statement 2020 2019 2018 31-Doc 31-Doc 31-Dec Total Revenue Revenue 160,519.54 166,660.34 151,172.81 160,519.54 166,660.34 151,172.81 Other Revenue, Total Cost of Revenue, Total 17,698.22 23,251.40 24,700,46 Gross Profit 142,821.32 143,408.93 126,472.34 Total Operating Expenses Selling/General/Admin. Expenses, Total Research & Development Depreciation / Amortization Interest Expense (Income) - Net Operating Unusual Expense (Income) Other Operating Expenses, Total Operating Income Interest Income (Expense), Net Non-Operating 126,282.75 125,057.62 116,682.52 70,481.17 67,811.57 60,714.48 35,406.48 34,137.94 30,411.70 5.55 5.60 10.02 3.849.67 548.02 778.55 1,158.35 696.91 67.31 41,602.72 34,490.29 34,236.79 6,072.00 8.225.36 6,730.00 Gain (Loss) on Sale of Assets Other, Net Net Income Before Taxes 43.01 593.00 33.24 73.09 1,058.38 220.06 27,139.66 8,516.62 18,623.04 32.827,38 27,613.32 Provision for Income Taxes 10,543.62 8,987.37 Net Income After Taxes Minority Interest Equity In Affiliates U.S GAAP Adjustment Net Income Before Extraordinary Items Total Extraordinary Items 22.283.76 18,625.94 44.72 14.42 14.80 18,578.32 22,269.34 18,640.74 22,269.34 570.09 Net Income 18,578.32 18,640.74 570.09 Total Adjustments to Net Income Income Available to Common Excluding Extraordinary Dilution Adjustment Diluted Net Income 561.81 18,008.24 21,699.25 18,078.93 41,75 18,008.24 21,699.25 18,120.68 Diluted Weighted Average Shares Diluted EPS Excluding Extraordinary Items DPS - Common Stock Primary Issue 134.36 134.09 133.84 134.03 161.83 135.40 107.99 91.00 91.00 Diluted Normalized EPS 153,52 164.39 138,95
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