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I need number 1 & 2. 90 PART 2 Financial Statements and Long Term Francial Planning own and fly their own airplanes. The company has two models the Birdie, which sells for $103.000, and the Eagle, which sells for $178,000 Although the company manufactures aircraft, its operations are different from commercial aircraft companies. S&S Air builds aircraft to order. By using prefabricated parts, the com pany can complete the manufacture of an airplane in only five weeks. The company also...
1. Compare the performance of S&S Air to the industry. For each ratio, comment on why it might be viewed as positive or negative relative to the industry. Suppose you create an inventory ratio calculated as inventory divided by current liabilities. How do you think S&S Air’s ratio would compare to the industry average? Financial analysis calculations: current ratio = 0.74 quick ratio = 0.39 cash ratio = 0.15 total asset turnover = 2.01 inventory turnover = 27.96 receivables turnover...
QUESTION: Take a closer look at S&S Air’s ROE through DuPont identity. Can Chris recommend any changes that could improve it further? Pg. 1 Pg. 2 Extra information: Financial analysis calculations: current ratio = 0.74 quick ratio = 0.39 cash ratio = 0.15 total asset turnover = 2.01 inventory turnover = 27.96 receivables turnover = 54.92 total debt ratio = 0.43 debt-equity ratio = 0.74 equity multiplier = 1.74 times interest earned = 5.26 cash coverage ratio = 8.12 profit...
Inventory 933,400 Total current assets $ 1,967,860 Long-term debt $ 5,050,000 Fixed assets Owners' equity Net plant and equipment $15,411,620 Common stock $ 322,500 Retained earnings 9,233,930 Total equity $ 9,556,430 Total assets $17,379,480 Total liabilities and owners' equity $17,379,480 Click here for a description of Table: Mini Case: Tuxedo Air Inc. 2015 Statement of Financial Position. Ught Airplane Industry Ratlos Lower Quartile Medlan Upper Quartile Current ratio 0.50 1.43 1.89 Quick ratio 0.21 0.38 0.62 Cash ratio 0.08 0.21...
Using the financial statements provided for S&S Air, calculate each of the ratios listed in the table above for the light aircraft industry. Compare the performance of S&S Air to the industry. For each ratio, comment on why it might be viewed as positive or negative relative to the industry. AutoSave O on A 2. ) $ - P Search Extra 1 Ratio Irfan Butt A Share Design Mailings P Comments File References Review View Help Picture Format Home Insert...
Please provide step by step explanation for answer. BUSI 320 Comprehensive Problem 1 Version FALL Use the following information to answer the questions below: note: all sales are credit sales Income Stmt info: Sales $ less Cost of Goods Sold: Gross Profit Operating Expenses Earnings before Interest & Taxes Interest exp earnings before Taxes Taxes Net Income $ 2019 800,000 $ 220.000 580,000 480.000 100,000 25,000 75,000 25.000 50,000 $ 2020 880,000 240.000 640,000 505.000 135,000 25.000 110,000 30.000 80,000...
1. Given the balance sheet and income state for Simmons Maintenance Company, compute the ratios that are also shown for the industry average. For each ratio,indicate whether Simmons is better or worse than the industry average.***Please show all of your work when solving the answer***.SIMMONS MAINTANANCE COMPANYBalance sheetAssetsLiabilitiesCash15,000Accounts payable 21,000Accounts receivable 22,000Notes payable 20,000Inventory 30,000Accruedexpenses 5,000Current assets 67,000Current liabilities 46,000Net fixed assets 73,000Long-term debt 30,000Stock holders’ equity 64,000Total assets 140,000Total liabilites &stockholders' equity 140,000Income statementSales (80% credit) 120,000Less: cost of...
all of 14.5A please and thank you. P14.5A (LO 3) Writing Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Compute selected ratios, and compare liquidity, profitability, and solvency for two companies. Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year $65,357 $408,214 45,583 304,657 15,101 79,607 707 2,065 (94) (411) 1,384 7,139...
1. Calculate a few ratios and compare Reed’s results with industry averages.(Some industry averages are shown in Exhibit 4.) What do these ratios indicate?EXHIBIT 4Reed’s Clothiers Selected Ratios*Liquidity Ratios IndustryCurrent ratio 2.7Quick ratio 1.6Receivables turnover 7.7Average collection period 47.4Efficiency RatiosTotal asset turnover 1.9Inventory turnover 7.0Payable turnover 15.1Profitability RatiosGross profit margin 33.0Net profit margin 7.8Return on common equity 25.9*Since many ratios may have different meanings the following definitions were used in the above calculations:Receivable turnover 5 sales/accounts receivableAverage collection period 5...
Ratios for Simmons IndustryBetter (B) or worse(W) Ratio Δverage Profit margin Return on assets Return on equity Receivables turnover Avg. collection period Inventory turnover Fixed asset turnover Total asset turnover Current ratio Quick ratio Debt to total assets Times interest earned Fixed charge coverage 17.5% 20.8% 35% 4.4x 68.0 days - 3.5x 2.4x -76x 1.28 .85 .45 12.0x 3.6x Given the balance sheet and income state for Simmons Maintenance ratios that are also shown for the industry average. For each...
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