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    Argosy University/ Phoniex University/
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    Phoniex University
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Category > Management Posted 29 Sep 2017 My Price 9.00

Williams County Co -op

T he Williams County Co -op had the following financial statements for 2013:

Income Statement:

Revenues

Expenses

$54,600

  

Cost of Goods Sold

30,590

Wages

14,250

Lease Expense

3,120

Interest Expense

1,330

Depreciation

        700

T otal Expenses

$49,990

T axable Income

$ 4,610

Less: T axes

Net Income

  2,305

$ 2,305

Balance Sheet:

  

Cash                                                             $ 3,800

A/P

$ 2,000

A/R                                                                 13,000

Notes Payable

12,000

Inventory                                                 18,200

T ot. Curr. Assets                                35,000

T ot. Curr. Liab.

L-T Debt (8%)

14,000

5,000

Net Plant & Equip.                              9,100

Common Stock ($1 par)

10,000
 

Retained Earnings

15,100

T otal Assets                                           $44,100                 T otal Liab. & Equity                            $44,100

Key financial ratios for the industry are shown below:

Ratio

Industry

Average

Current

2.0 times

Quick

1.25 times

Debt/Assets

32%

Inventory T urnover (based on CGS)

3.2 times

Fixed Asset T urnover

5.4 times

T otal Asset T urnover

1.6 times

Net Profit Margin

6.1%

Return on Assets

9.8%

Return on Equity

14.4%

A.              Calculate the financial ratios for Williams County Co -op.

B.              Compare the ratios of Williams County Co -op to the industry averages

Answers

Maurice Tutor
(5)
Status NEW Posted 29 Sep 2017 11:09 PM My Price 9.00

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