Refer to Southeastern Memorial Hospital’s financial statements
below for calculating the ratios requested in problems 1-6....
Refer to Southeastern Memorial Hospital’s financial statements
below for calculating the ratios requested in problems 1-6.
Southeastern Memorial Hospital Statement of Operations For the Year
Ended December 31, 2010 Revenues, Gains, Other Support Net patient
service revenue $ 1,500,000 Other revenue 200,000 Total Revenue
1,700,000 Expenses Nursing Services 1,200,000 Administrative
Services 200,000 Depreciation 100,000 Other Expenses 50,000 Total
Expenses 1,550,000 Operating Income 150,000 Investment Income
50,000 Excess of revenues over expenses 200,000 Increase in
Unrestricted Net Assets $ 200,000 Southeastern...
Financial statements for AAR Company appear below:
AAR Company
Balance Sheet
December 31
Current assets:
...
Financial statements for AAR Company appear below:
AAR Company
Balance Sheet
December 31
Current assets:
Cash and marketable securities
$21,000
Accounts receivable, net
160,000
Inventory
300,000
Prepaid expenses
9,000
Total current assets
490,000
Noncurrent assets:
Plant & equipment, net
810,000
Total assets
$1,300,000
Current liabilities:
Accounts payable
$75,000
Accrued liabilities
25,000
Notes payable, short term
100,000
Total current
liabilities
200,000
Noncurrent liabilities:
Bonds payable
300,000...
CCC - Balance sheets 31 December 2018, 2017 assets 2018 2017
Fixed assets, net 600,000 500,000...
CCC - Balance sheets 31 December 2018, 2017 assets 2018 2017
Fixed assets, net 600,000 500,000 Inventory 70,000 50,000 Accounts
receivable, net 100,000 150,000 Cash 30,000 50,000 Total current
assets € 200,000 € 250,000 Total assets € 800,000 € 750,000 Equity
and liabilities 2018 2017 Share capital 300,000 200,000 Retained
earnings 80,000 100,000 Total equity € 380,000 € 300,000 Payable
bonds 200,000 250,000 Accounts payable 150,000 120,000 Income taxes
payable 70,000 80,000 Total current liabilities € 220,000 € 200,000
Total...
Problem 12-6B Use ratios to analyze risk and profitability
(LO12-3, 12-4)
[The following information applies to...
Problem 12-6B Use ratios to analyze risk and profitability
(LO12-3, 12-4)
[The following information applies to the questions
displayed below.]
Income statement and balance sheet data for The Athletic Attic are
provided below.
THE ATHLETIC ATTIC
Income Statements
For the years ended December 31
2022
2021
Net sales
$
10,680,000
$
9,100,000
Cost of goods sold
6,980,000
5,600,000
Gross profit
3,700,000
3,500,000
Expenses:
Operating expenses
1,620,000
1,570,000
Depreciation expense
200,000
200,000
Interest expense
42,000
42,000
Income tax expense
424,000
370,000...
Earnings per Share The following financial data is from Hi-Tech
Instruments' financial statements (thousands of dollars,...
Earnings per Share The following financial data is from Hi-Tech
Instruments' financial statements (thousands of dollars, except
earnings per share.) 2016 Sales revenue $210,000 Cost of goods sold
125,000 Net income 9,100 Dividends 3,400 Earnings per share 4.55
Hi-Tech Instruments, Inc. Balance Sheet (Thousands of Dollars) Dec.
31, 2016 Dec. 31, 2015 Assets Cash $18,300 $18,000 Accounts
receivable (net) 46,000 41,000 Inventory 39,500 43,700 Total
current assets 103,800 102,700 Plant assets (net) 52,600 50,500
Other assets 15,600 13,800 Total assets...
Accounts Receivable Turnover
The following financial data is from Hi-Tech Instruments' financial
statements (thousands of dollars,...
Accounts Receivable Turnover
The following financial data is from Hi-Tech Instruments' financial
statements (thousands of dollars, except earnings per share.)
2016
Sales revenue
$209,000
Cost of goods sold
125,000
Net income
8,300
Dividends
2,600
Earnings per share
4.15
Hi-Tech Instruments,
Inc.
Balance Sheet
(Thousands of Dollars)
Dec. 31, 2016
Dec. 31, 2015
Assets
Cash
$18,300
$18,000
Accounts receivable (net)
45,000
40,000
Inventory
39,500
43,700
Total current assets
102,800
101,700
Plant assets (net)
52,600
50,500
Other assets
15,600
13,800
Total assets...
Using the condensed summary financial statements for Eli Lilly
& Company (included on the following page),...
Using the condensed summary financial statements for Eli Lilly
& Company (included on the following page),
calculate the following ratios for Eli Lilly for
2019:
Current Ratio
Accounts Receivable Turnover
Average Days in Inventory (also known as Average Days to Sell
Inventory)
Gross Profit Percentage
Debt to Assets Ratio
PROBLEM 3, continued
Eli Lilly & Company
Summary Condensed Balance Sheet
$ in Millions
Assets
Dec. 31, 2019
Dec. 31, 2018
Liabilities and Equity
Dec. 31, 2019
Dec. 31, 2018
Cash...
The following is summary of information presented on the
financial statements of a company on December...
The following is summary of information presented on the
financial statements of a company on December 31, 2015.
Account
2015
2014
Current Assets
$65,000
$50,000
Accounts Receivable
80,000
75,000
Merchandise Inventory
50,000
40,000
Current Liabilities
75,000
50,000
Long-term Liabilities
30,000
50,000
Common Stock
50,000
40,000
Retained Earnings
40,000
25,000
Net Sales Revenue
$525,000
$500,000
Cost of Goods Sold
400,000
395,000
Gross Profit
$125,000
$105,000
Selling Expenses
45,000
50,000
Net income before income tax expense
$80,000
$55,000
Income...
The most recent financial statements for Scott, Inc., appear
below. Sales for 2020 are projected to...
The most recent financial statements for Scott, Inc., appear
below. Sales for 2020 are projected to grow by 20 percent. Interest
expense will remain constant; the tax rate and the dividend payout
rate also will remain constant. Costs, other expenses, current
assets, fixed assets, and accounts payable increase spontaneously
with sales.
SCOTT, INC.
2019 Income Statement
Sales
$
759,000
Costs
594,000
Other expenses
30,000
Earnings before interest and taxes
$
135,000
Interest expense
26,000
Taxable income
$
109,000
Taxes (21%)...
Income statement and balance sheet data for The Sports Shack are
provided below.
The Sports Shack...
Income statement and balance sheet data for The Sports Shack are
provided below.
The Sports Shack
Income Statements
For the years ended December 31
2019
2018
Sales revenue
$8,200,000
$6,600,000
Cost of goods sold
6,100,000
4,700,000
Gross profit
2,100,000
1,900,000
Expenses:
Operating
expenses
1,450,000
1,400,000
Depreciation
expense
90,000
100,000
Interest
expense
25,000
50,000
Income
tax expense
95,000
80,000
Total
expenses
1,660,000
1,630,000
Net income
$440,000
$270,000
The Sports Shack
Balance Sheets
December 31
Assets
2019
2018
2017
Current assets:
Cash...