STATEMENT OF FINANCIAL POSITIONAS AT DECEMBER 31All answers round to two decimal places except (c) & (e), eg 54.544 input as 54.54, 54.545 input as 54.552019201820172$$$20192018timesPlant and equipment (net)500,000466,000 440,000 a)Current ratio5.11 timestimestimesIntangible Assets580,000480,000412,000 b) Acid Test RatiotimestimesShort Term Investments56,000 140,00097,200 b)lnventory TurnoverPrepaid Insurance (less than 12 months)4,0004,0003,800 c)Average days to sell inventory100 DaysDays (Round to days, no decimal place required)Inventory126,000 119,00079,000 d)Accounts Receivable turnovertimestimes (Assume all the sale are credit sales)Accounts receivables (net)54,00048,00060,000 e) Average Collection PeriodDaysDays (Round to days, no decimal place required)%Cash220,000 144,000 122,000 f)Profit Margin1,540,000 1,401,000 1,214,000 g)Return on Assetstimestimesh)Asset Turnover%Accounts Payable80,000 100,000 100,000 i) Return on ordinary shareholders' Equity%Salaries Payable and other current liabilities10,00016,00012,000 j) Dividend Payout Ratio0.00%2$Long-term debt (due in five years)Ordinary shares, $10 par91,000104,00098,000 k)Earings per Share400,000400,000 360,000 (Weighted-average ordinary shares in 2019 were 40,000 and in 2018 were 38,000)timestimesRetained earnings959,000 781,000 644,000 I)Time interest earned ratio1,540,000 1,401,000 1,214,000 m) Debt to total assets ratio15.70% SMART TOYS CORPORATIONINCOME STATEMENTFor the following questions , please state year 2019 or 2018FOR THE YEAR ENDED DECEMBER 3120192018Based on the calculated ratios:2$$Which year did the company collect money faster from the customer ? YearWhich year did the company have a better position to pay off the short term liabilities YearSales866,000 799,000Less: Sales allowances13,00018,000Net sales853,000 781,000Less: Cost of goods soldGross profitOperating expenses445,000414,000408,000180,00020,000367,000190,00016,000Less: Interest expenseLess: Income tax30,00024,000Net income178,000137,000

Ratio Analysis Ratio Analysis is one of the power tool to the management of the company to ascertain…

SMART TOYS CORPORATION INCOME STATEMENT For the following questions , please state year 2019 or 2018 FOR THE YEAR ENDED DECEMBER 31 2019 2018 Based on the calculated ratios: Which year did the company collect money faster from the customer ? Year Sales 866,000 Which year did the company have a better position to pay off the short term liabilities Year 799,000 18,000 Less: Sales allowances 13,000

SMART TOYS CORPORATION INCOME STATEMENT For the following questions , please state year 2019 or 2018 FOR THE YEAR ENDED DECEMBER 31 2019 2018 Based on the calculated ratios: Which year did the company collect money faster from the customer ? Year Sales 866,000 Which year did the company have a better position to pay off the short term liabilities Year 799,000 18,000 Less: Sales allowances 13,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter15: Capital Investment Analysis

Section: Chapter Questions

Problem 15.5.1MBA

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