The Calculate Project Financial Ratios paper

 

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  • Calculate liquidity, leverage, management efficiency, and profitability ratios based on supplied financial statements (income statement and balance sheet).
  • Analyze the provided financial statements (balance sheet and income statement) and based upon information contained in these statements, calculate liquidity, leverage, management efficiency, and profitability ratios.

The Calculate Project Financial Ratios paper

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Sheet1

Balance Sheet
Assets
201Y 201X
Current Assets
Cash and Cash Equiva;ents $190,000 $170,000
Accounts Receivable $1,400,000 $950,000
Notes Receivable
Inventories $650,000 $650,000
Prepaid Expenses $22,000 $22,000
Total Current Assets $2,262,000 $1,792,000
Property and Equipment $2,100,000 $1,950,000
Other Assets $234,000 $229,000
Total Asests $2,334,000 $2,179,000
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable $15,000
Current Portion LT Debt $129,104 $300,000
Accounts Payable $500,000 $249,000
Accrued Expenses $300,000 $197,000
Income Tax Payable $22,000 $18,000
Total Current Liabilities $951,104 $779,000
LT Debt Net of Current Pottion $1,143,796 $1,111,847
Deferred Income Tax $350,000 $275,000
Total Liabilities $2,444,900 $2,165,847
Shareholders' Equity
Common stock, no par valie,
1,000,000 shares authorized
800 shates issued $90,000 $90,000
Retained Earnings $2,600,000 $2,700,000
Total Shareholders Equity $2,690,000 $2,790,000
Total Liabilities abd Shareholders' Equity $5,134,900 $4,955,847

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Sheet1

University of Arizona Global Campus – Income Statements for BUS 368 Entrepreneurial Finance Team Project
201Y 201X
Sales $6,893,755 $5,893,755
Cost of Sales $5,300,807 $4,600,807
Gross profit $1,592,948 $1,292,948
Depreciation and amoritization $364,273 $354,273
SG&A $902,820 $702,820
Income from operations (EBIT) $325,855 $235,855
Other income (expense)
Interest expense $48,905 $28,905
Interest income $3,465 $1,465
Gain on sale of assets $8,059 $9,059
Income before taxes (EBT) $265,426 $196,426
Income tax expense $161,910 $119,820
Net income $103,516 $76,606
SG&A is selling and general administrative expense
Income tax rate is 39.0%

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