The writer is very fast, professional and responded to the review request fast also. Thank you.
2. Data for Cary Company and its industry average follow. Balance Sheet as of Dec. 31 Assets Liabilities and Owner’s Equity 2016 2016 Current Assets Current Liabilities Cash 75,500 Accts payable 127,000 A/R 330,000 Notes payable 84,000 Inventories 251,500 Other current liabilities 115,000 Total CA 657,000 Total CL 326,000 Net fixed assets Long-term debt 266,500 Net plant and equipment 282,500 Total Liabilities 592,500 Common Equity 347,000 Total Assets 939,500 Total Liabilities and Equity 939,500 Sales 1,600,500 COGS (1,353,000) Gross profit 247,500 Fixed operating expenses except depreciation (140,000) Earnings before interest, taxes, depre and amort (EBITDA) 107,500 Depreciation (40,000) EBIT (Opering income) 67,500 Interest expense (24,000) EBT (Taxable income) 43,500 Taxes (40%) (17,400) Net income 26,100 a. Calculate the indicated ratios for Cary. Ratio Cary Industry Average Current ratio _____________ 2.0 X Days sales outstanding _____________ 35 days Inventory turnover _____________ 5.6 X Total assets turnover _____________ 3.0 X Net profit margin _____________ 1.2% Return on assets (ROA) _____________ 3.60% Return on equity (ROE) _____________ 9.00% Debt ratio _____________ 60%
Calculate the indicated ratios for Cary.
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more