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Cash Accounts Receivable Inventory Current Assets Fixed Assets Gross Accumulated Deprecation Net Fixed Assets Total Assets Assets $ SI $ $ $ $ 12/31/2020 2,000 $ 4,832 3,217 10,049 $ 35,183 $ (22,640) 12,543 $ 22,592 $ Cortland, Inc. Balance Sheet 12/31/2021 4,800 6,614 2,843 14,257 39,456 (24,852) 14,604 28,861 Accounts Payable Salary Payable Current Liabilities Long Term Debt Total Liabilities Common Stock Retained Earnings Total Equity Total liabilities and Equity Liabilities $ $ $ Equity $ S A 12/31/2020 1,600 $ 315 1,915 $ 1,823 3,738 $ 10,000 $ 8,854 18,854 $ 22592 12/31/2021 3,573 1,228 4,801 409 5,210 13,500 10,151 23,651 28.861

Cash Accounts Receivable Inventory Current Assets Fixed Assets Gross Accumulated Deprecation Net Fixed Assets Total Assets Assets $ SI $ $ $ $ 12/31/2020 2,000 $ 4,832 3,217 10,049 $ 35,183 $ (22,640) 12,543 $ 22,592 $ Cortland, Inc. Balance Sheet 12/31/2021 4,800 6,614 2,843 14,257 39,456 (24,852) 14,604 28,861 Accounts Payable Salary Payable Current Liabilities Long Term Debt Total Liabilities Common Stock Retained Earnings Total Equity Total liabilities and Equity Liabilities $ $ $ Equity $ S A 12/31/2020 1,600 $ 315 1,915 $ 1,823 3,738 $ 10,000 $ 8,854 18,854 $ 22592 12/31/2021 3,573 1,228 4,801 409 5,210 13,500 10,151 23,651 28.861

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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  1. Calculate the following ratios for 2021 using working Excel formulas. Make sure to label each appropriately using the following cell (number of days, number of times, etc.) Round each answer to 2 decimal places (example: ROE of .1678 should display as 16.78%):
    1. Current Ratio
    2. Quick Ratio
    3. Debt to Equity Ratio
    4. Equity Multiplier
    5. Times Interest Earned
    6. Dividend Yield
    7. Inventory Turnover
    8. Days’ Sales in Inventory
    9. Receivables Turnover
    10. Days’ Sales in Receivables
    11. Total Asset Turnover
    12. Profit Margin
    13. Return on Assets
    14. Return on Equity
    15. P/E Ratio

 

2.Calculate Return on Equity (ROE) for 2021 using the Dupont 

Cortland, Inc. Income Statement For Year Ended 12/31/21 Sales Cost of Goods Deprecation Operating Expenses EBIT Interest EBT Tax Net Income Dividends Addition to R/E $ 40,000 12,512 2,212 17,275 $ 8,001 180 $ 7,821 2,265 $ 5,556 4,259 1,297
Transcribed Image Text:Cortland, Inc. Income Statement For Year Ended 12/31/21 Sales Cost of Goods Deprecation Operating Expenses EBIT Interest EBT Tax Net Income Dividends Addition to R/E $ 40,000 12,512 2,212 17,275 $ 8,001 180 $ 7,821 2,265 $ 5,556 4,259 1,297
Cash Accounts Receivable Inventory Current Assets Fixed Assets Gross Accumulated Deprecation Net Fixed Assets Total Assets Assets $ $ $ $ $ 12/31/2020 2,000 $ 4,832 3,217 10,049 $ 35,183 $ (22,640) 12,543 $ 22,592 $ Cortland, Inc. Balance Sheet 12/31/2021 4,800 6,614 2,843 14,257 39,456 (24,852) 14,604 28,861 Accounts Payable Salary Payable Current Liabilities Long Term Debt Total Liabilities Common Stock Retained Earnings Total Equity Total Liabilities and Equity Liabilities $ $ $ Equity $ $ 60 $ 10 12/31/2020 1,600 $ 315 1,915 $ 1,823 3,738 $ 10,000 $ 8,854 18,854 $ 22,592 $ 12/31/2021 3,573 1,228 4,801 409 5,210 13,500 10,151 23,651 28,861
Transcribed Image Text:Cash Accounts Receivable Inventory Current Assets Fixed Assets Gross Accumulated Deprecation Net Fixed Assets Total Assets Assets $ $ $ $ $ 12/31/2020 2,000 $ 4,832 3,217 10,049 $ 35,183 $ (22,640) 12,543 $ 22,592 $ Cortland, Inc. Balance Sheet 12/31/2021 4,800 6,614 2,843 14,257 39,456 (24,852) 14,604 28,861 Accounts Payable Salary Payable Current Liabilities Long Term Debt Total Liabilities Common Stock Retained Earnings Total Equity Total Liabilities and Equity Liabilities $ $ $ Equity $ $ 60 $ 10 12/31/2020 1,600 $ 315 1,915 $ 1,823 3,738 $ 10,000 $ 8,854 18,854 $ 22,592 $ 12/31/2021 3,573 1,228 4,801 409 5,210 13,500 10,151 23,651 28,861
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  1. Write a paragraph on each of the following topics: liquidity, asset management, debt management and profitability.  Be sure to label these separately.  Analyze each topic using the answers from your ratios to support your analysis by deciphering what they are telling you. Create a text box (Insert Menu, click on the “Text” button on the right side of the menu bar, and choose, “Text box”.  Then click and drag a box to write in.
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