Task:
2006 2005
Accounts Receivable $267,500 $230,000
Inventory $312,500 $257,500
Total Current Assets $670,000 $565,000
Intangible Assets $50,000 $60,000
Total assets $825,000 $695,000
Current Liabilties $77,500 $75,000
Sales $1,640,000
Cost of goods sold $982,500
Interest expense $10,000
Income tax expense $77,500
Net Income $127,500
Cash Flow from operations $71,000
Cash Flow from investing activities $(6,000)
Cash flow from financing activities 30%
Question 1: What is the return on assets ratio for 2006?
Question 2: What is the current ratio for 2006?
Question 3: What are the accounts receivable turn over for 2006?
Question 4: What is the inventory turnover for 2006 (how many times?)
Question 5: What is the long-term debt to assets for 2006?