Industry Average Ratio Actual 2003 Actual 2002 Current ratio 1.80 1.84 Quick ratio Inventory turnover Average collection 0.70 0.78 2.50 2.59
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- The comparative financial statements of Global Technology are as follows: Review the worksheet RATIOA that follows these requirements. You have been asked to perform a ratio analysis of this company for 2012.Following are the financial statements of ABC Ltd. for 2010 Requirement: Calculate and interpret following ratios: 1. Current ratio 2. Liquid ratio 3. Receivables turnover ratio and collection period 4. Inventory turnover and holding period 5. Fixed assets turnoverThe following financial ratios have been calculated for Nova Ltd for the year ended 30 June 2008:Ratio ActualresultsBudgetedresultsPreviousyearIndustry AverageCurrent ratio 1.97 1.92 1.87 1.92Quick asset ratio 1.06 1.06 1.06 1.11Inventory turnover 4.21 4.91 4.86 4.76Net profit ratio 0.05 0.03 0.03 0.03Gross margin 0.65 0.59 0.61 0.61Required:Provide four (4) possible explanations for the results of the various ratios for Nova Ltd and explaintheir implications for the audit.
- Vertical analysis compares each item on a financial statement with: a corresponding item on a different statement of the same year. B. a total or key amount on the same statement. an industry average. a total or key amount on the financial statement of the previous period.Common-size financial statements recast each statement item as: Multiple Choice a percentage using industry averages for the "base number." a percentage using a base year number for each line item. a percentage of some "base number" on the financial statement in question. a percentage of the "bottom line."Required 1. Compute each year’s current ratio. Round ratios to one decimal. 2. Express the income statement data in common-size percents. Round percents to two decimals. 3. Express the balance sheet data in trend percents with 2017 as the base year. Round percents to two decimals. Analysis Component 4. Comment on any significant relations revealed by the ratios and percents computed.
- Which of the following types of quantitative information are required to be disclosed in Form 10-K for each reportable segment? Select one: a. Profit or loss amounts b. Total assets amounts c. The amount of revenue from a single customer representing 10% or more of any reportable segment's total revenue. d. A and B e. B and C f. A and C g. A, B, and CResolve and explain the result of the current ratio for XYZ Company and compare andexplain this result with the Industry average, where current liabilities = $581,000 andcurrent assets = $832,000. a. Resolve the current ratio for XYZ Company b.Explain the result of the current ratio for XYZ Company c.Compare and explain the result of the current ratio for XYZ Company with the Industryaverage.Definitional problems: Listed are 11 terms that relate to ratio analysis:1. Book value per share2.Inventoryturnover3. Debt-to-equity ratio4. Average collection period5. Average sales period6. Return on common equity7. Earnings per share8. Price/earnings ratio9. Return on total assets10. Current ratio11. Accounts-receivable turnoverChoose the financial ratio or term from the list that most appropriately completes each of the following statements:1. The__________ tends to have an effect on the market price per share asreflected in the price/earnings ratio.2. The__________ indicates whether a stock is relatively cheap or relativelyexpensive in relation to current earnings. 3. The________ measures the amount that would be distributed to holders of common stock if all assets were sold at their balance-sheet carrying amount and if all creditors were paid off.4. The_____________ is a rough measure of how many times a company'saccounts…
- = The current year financial statements for Blue Water Company and Prime Fish Company are presented below. Prime Fish Balance sheet Cash Accounts receivable (net) Inventory Property & equipment (net) Other assets Total assets Current liabilities Long-term debt (interest rate: 15%) Capital stock ($10 par value) Additional paid-in capital Retained earnings Total liabilities and stockholders' equity Income statement Sales revenue (1/2 on credit) Cost of goods sold Operating expenses Net income Other data Per share stock price at end of current year Blue Water $ 42,300 44,500 92,500 159,500 85,300 $ 424,100 $ 92,500 74,100 157,100 30,300 70,100 $ 424,100 $ 427,500 (234,500) (163,600) $ 29,400 $ 23.3 45% $ 19,700 34,900 47,800 416,600 318,000 $ 34,300 $ 837,000 $ 68,500 62,600 525,000 107,300 73,600 $ 837,000 $ 789,000 (401,300) (312,300) $ 75,400 $28 45% Average income tax rate Dividends declared and paid in current year Both companies are in the fish catching and manufacturing business.…From the following financial statements, compute the required ratios (for year 2002 and 2003) and analyse them with respect to the industry averages. FINANCIAL STATEMENTS INCOME STATEMENT FOR YEAR ENDING DECEMBER 31 2003 2002 2001 Sales 6,500,000.00 5,550,000.00 4,050,000.00 Cost of Goods Sold 3,965,000.00 3,385,500.00 2,430,000.00 Gross Profit 2,535,000.00 2,164,500.00 1,620,000.00 Depreciation 485,600.00 287,200.00 158,500.00 Other Operating expenses 1,690,000.00 1,387,500.00 1,012,500.00 EBIT 359,400.00 489,800.00 449,000.00 Interest 331,956.00 160,125.00 50,645.00 EBT 27,444.00 329,675.00 398,355.00 Income Taxes 10,978.00 131,870.00 159,342.00 Net Income 16,466.00 197,805.00…Question : Calculate the following ratios for Avartar Sdn. Bhd. for years ended 31 March 2019 and 31 March2018 : 11) Inventory turnover times (using closing inventories); 12) Inventory turnover days (using closing inventories); 13) Receivables collection period; 14) Payables payment period (using cost of sales); 15) Earnings per share; Provide the formulas used for calculating the ratios and all workings should be shown clearly. Answer probably please!!!!!