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(solution)- Accounting help


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The Question

I will provide the organization and material information after acceptance of handshake.

 

 

?

 

 

Access?the information contained in your selected organization?s balance sheet and income statement to calculate the following:

 

 

  • Liquidity ratios
    • Current ratio
    • Acid-test, or quick, ratio
    • Receivables turnover
    • Inventory turnover
  • Profitability ratios
    • Asset turnover
    • Profit margin
    • Return on assets
    • Return on common stockholders? equity
  • Solvency ratios
    • Debt to total assets
    • Times interest earned

Show?your calculations for each ratio.

 

 

Create?a horizontal and vertical analysis for the balance sheet and the income statement.

 

 

Write?a 350- to 700-word memo to the CEO of your selected organization in which you discuss your findings from your ratio calculations and your horizontal and vertical analysis. In your memo, address the following questions:

 

 

  • What do the liquidity, profitability, and solvency ratios reveal about the financial position of the company?
  • Which users may be interested in each type of ratio?
  • What does the collected data reveal about the performance and position of the company?

Format?your memo consistent with APA guidelines.

 


Solution details

Solution #000478820094

(solution)- Accounting help.zip

Accounting help

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file1.xls preview (517 words)

Sheet1

 

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xxxxxx xxxx
xxxxxxxxx xxxxx x xxxx
current xxxxx
Current xxxxxxxxxxxxxxxxx
Current liabilities xxxxxxxxxx
ratioxxxxxxxxxxx
xxxx xxxxx xx xxxxxx ratio
Current xxxxxx xxxxxxxxxxx
xxxxxxxxx$8,517,203
current assets ? inventory$8,141,015
Current liabilities $2,750,057
xxxxx 2.960307732
xxxxxxxxxx ratios x 2010
xxxxxxxxxxx xxxxxxxx
xxx xxxxx (credit)$56,534,254.00
average receivablesxxxxxxxxxxxxx
xxxxxxxxxxx
xxxxxxxxx turnover
xxxx xx goods xxxx xxxxxxxxxxxxxx
xxxxxxx inventory $7,820,496.50
xxxxxxxxxxx
xxxxx xxxxxxxx
net sales$56,534,254.00
average xxxxx assets $33,964,964.00
xxxxxxxxxxx
Profitability ratios
xxxxxx margin
Net profit xxxxxxxxxx
xxx xxxxx$56,534,254.00
4%
Return xx assets
Net profit $2,430,872
Assetsxxxxxxxxxxx
7%
xxxxxx on common stockholders? xxxxxx
xxx xxxxxx xxxxxxxxxx
xxxxxx stockholders? xxxxxxxxxxxxxxxxx
xx
xxxxxxxx xxxxxx
Debt to total assets
xxxxx liabilities xxxxxxxxxx
total assets$34,825,498
14%
Times xxxxxxxx xxxxxx
Income xxxxxx xxxxxxxx xxx tax xxxxxxxxxx
Interest xxxxxxx xxxxxxxx
26.92530837
xxxxxxx xxxxxxxxxxxxxx Inc.
xxxxxxx xxxxx horizontal xxxxxxxx xxxx - xxxx
Fiscal xxxx Ending xxxxxxxxx 30th
20102009change% change
xxxxxx
xxxxxxx Assets
xxxx$2,807,029 xxxxxxxxxx$1,295,776 xxx
Accounts xxxxxxxxxx $2,695,342xxxxxxxxxx$51,035xx
xxxxxxx xxxxxxx xx xxxxx Receivable xxxxxxxxxxxxxxxx ($14,499) -12%
Inventories xxxxxxxxxx $7,123,790 $1,393,413xx
Deferred Income xxxxx x xxx$0xx
xxxxxxxx xxxxxxxx and Other xxxxx xxxxxxxx xxxxxxxx ($56,635)-12%
xxxxx xxxxxxx xxxxxx $14,524,790 xxxxxxxxxxxxxxxxxxxxx23%
Notes Receivable, xxxx xxxxxxx portion xxxxxxxxxxxxxxxxxx ($131,785) -12%
xxxxxxxxxx xx Joint xxxxxxx $1,609,004xxxxxxxxxx$275,500 21%
xxxxxxxxx xxxxx & Equipment - net$16,658,218xxxxxxxxxxx xxxxxxxxxxxx xxx
xxxxxxxxxx xxxxxx - net$904,473 xxxxxxxxxx xx
xxxxx xxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxx
Total

 

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file2.docx preview (351 words)

The Memo

 

xxx xxx CEO xxxxxxx Manufacturing, Inc.

 

Re: xxxxxxxxx xxxxxxxxxxx xxx xxxxxxxxx of xxxxxxx Manufacturing, xxx

 

The financial xxxxxx are important tools xxxx x xxxxxxx xx measure the xxxxxxxxxxx xx xx xxxxxxxxxxxxx The xxxxxxxxx xxxxxx including the current ratio xxx xxxxx ratios, 5.3 and xxxx xxxxxxxxxxxxx are xxx above xxxxxxxx xx which is the xxxxxxxxx xxxxxxxxxx xxxx reveals that the xxxxxxx is at favorable xxxxxxxxx level and xxx pay xxx short-term debts xx xxxxx

 

Profitability ratios including Profit xxxxxx Return on xxxxxx xxxxxx on xxxxxx stockholders? xxxxxx xxxx xxx 7 % xxx 8 %. xxx xxxxxx xxxxxx xxxx the company xxxxxxxx xx a profit during xxx xxxxxx However, the xxxxxxxxxxxxx xxxxx is low and can be xxxxxxxxx

 

Debt xx total assets and xxxxx xxxxxxxx xxxxxx at 14 % and xxxx times xxxxxxxxxxxxx are used to xxxxxx the xxxxxxxx xxxxx of xxx xxxxxxxx Debt xx xxxxx xxxxxx of 14 x implies that only 14 % of xxx xxxxx assets would be required to settle xxx xxxxxx while 26.9

 

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file3.docx preview (694 words)

xxxxxxxxx ratios

 

The liquidity ratios xxx used xx determine whether an xxxxxxxxxxxx xxx the ability to pay its short-term obligations and xxxxxxx the operations using the available xxxxxxx assets. xxx four ratios used xx measuring liquidity and the formulae xxx shown before to assist xx xxx xxxxxxxxxxx xx xxx ratios for Riordan Manufacturing, Inc.

 

xxxxxxx ratio x xxxxxxx xxxxxxx current xxxxxxxxxxx

 

Acid test, xx xxxxxx ratio = (total xxxxxxx assets ? inventory)/current liabilities

 

The xxxxxx

 

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xxxxx - xxxx

 

 

xxxxxxx ratio

 

 

Current xxxxxx

 

$14,524,790

 

xxxxxxx liabilities

 

$2,750,057

 

ratio

 

xxxxxxxxxxx

 

 

 

xxxx test, xx quick, xxxxx

 

 

Current assets

 

$16,658,218

 

xxxxxxxxx

 

xxxxxxxxxx

 

xxxxxxx assets ? inventory

 

$8,141,015

 

xxxxxxx liabilities

 

$2,750,057

 

ratio

 

2.960307732

 

 

 

xxxxxxxxxx xxxxxx

 

xxx xxxxxxxxxx xxxxxx xxx used xx xxxxxxx the xxxxxxx of xx xxxxxxxxxxxx xx convert xxxxx in xxx cash xxxxx xx xxxxxx xxxx for xxxxxxxxxxx operations.

 

Receivables turnover x net sales (credit) x xxxxxxx receivables

 

xxxxxxxxx xxxxxxxx x cost of goods sold/ xxxxxxx xxxxxxxxx

 

Asset turnover x net sales/average total assets

 

The xxxxxxxxxx xxxxxx

 

 

 

 

x

 

 

 

x

 

x

 

x

Receivables xxxxxxxx

 

 

xxx xxxxx xxxxxxxx

 

x 56,534,254.00

 

average receivables

 

x 2,669,824.50

 

 

21.17526976

 

xxxxxxxxx xxxxxxxx

 

 

xxxx of goods xxxx

 

$ xxxxxxxxxxxxx

 

average inventory

 

x 7,820,496.50

 

 

5.622437143

 

Asset

 

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more text follows

 

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This paper was answered on 19-Jul-2017

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DATE ANSWERED

Jul 19, 2017

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