Income Statement:
2007
Sales 3,000
Cost of Goods (1,350)
Sell,Admin,Gen'l Expenses (1,050)
Interest Expense (150)
Profit Before Tax 450
Tax (180)
Profit after Tax 270
Balance Sheet
12/31/2007
Receivables 275
Inventory 175
Current Assets 450
Fixed Assets 650
Total Assets 1,100
Trade Payables 250
Short term Debt 50
Long term debt 150
Total Liabilities 450
Capital Stock 300
Retained earnings 350
Total Equity 650
Total Liab & Equity 1,100
Some questions I need help with are:
What is the Gross Profit for 2007 ?
What is your Operating profit ?
What is the Profit after tax margin (%)?
What is the Return on Assets (%)?
What is the Return on Equity (%)?
Calculate DSO's for 2007
How does the DSO in the above question compare to an Industry avg DSO of 35 days?
A Favorably
B Unfavorably
What is the Inventory turn rate ?
How does the Turn rate above compare to an Industry avg turn of 8 x's ?
A Favorably
B Unfavorably
What is the quick ratio ?