Homework Answers
Answer
1. Return on Equity = Net Income / Total Stockholders’ Equity
- Return on Equity = 20 / 420
- Return on Equity = 0.04762 or 4.76%
2. Working Capital (Current) Ratio = Current Assets / Current Liabilities
- Working Capital (Current) Ratio = 290 / 80
- Working Capital (Current) Ratio = 3.63
3. Number of days inventory = Number of days in 2011 / Inventory Turnover Ratio
- Inventory Turnover Ratio = Cost of Goods sold / Inventory
- Inventory Turnover Ratio = 130 / 150
- Inventory Turnover Ratio = 0.87 times
- Number of days inventory = Number of days in 2011 / Inventory Turnover Ratio
- Number of days inventory = 365 / 0.87
- Number of days inventory = 419.54 i.e 420 days
4. Accounts Receivable Turnover = Net Sales / Accounts Receivable
- Accounts Receivable Turnover = 200 / 80
- Accounts Receivable Turnover = 2.5 times
5.Total Debt to total Capital ratio = Total Debt / Total Assets
- Total Debt to total Capital ratio = 80 / 500
- Total Debt to total Capital ratio = 0.16 times
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Balance Sheet
December 31, 2021
($ in thousands)
Assets
Cash
$
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Short-term investments
240
Accounts receivable
290
Inventory
380
Property, plant, and equipment (net)
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Total assets
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below.
HALLBROOK INDUSTRIES, INC.
Balance Sheet
December 31, 2021
($ in thousands)
Assets
Cash
$
290
Short-term investments
240
Accounts receivable
290
Inventory
380
Property, plant, and equipment (net)
1,900
Total assets
$
3,100
Liabilities and Shareholders’
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Current liabilities
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Long-term liabilities
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