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Category > Accounting Posted 19 May 2017 My Price 8.00

Ratio Analysis Data for Barry Computer Co

Ratio Analysis

Data for Barry Computer Co. and its industry averages follow.

Barry Computer Company:
Balance Sheet as of December 31, 2014 (In Thousands)
 
Cash $51,840   Accounts payable $77,760
Receivables 181,440   Other current liabilities 58,320
Inventories 155,520   Notes payable 51,840
   Total current assets $388,800      Total current liabilities $187,920
      Long-term debt $142,560
Net fixed assets 259,200   Common equity 317,520
Total assets $648,000   Total liabilities and equity $648,000
Barry Computer Company:
Income Statement for Year Ended December 31, 2014 (In Thousands)
 
Sales     $1,200,000
Cost of goods sold      
   Materials $564,000    
   Labor 252,000    
   Heat, light, and power 60,000    
   Indirect labor 120,000    
   Depreciation 48,000   $1,044,000
Gross profit   $156,000
Selling expenses   108,000
General and administrative expenses   24,000
   Earnings before interest and taxes (EBIT)   $24,000
Interest expense   11,405
   Earnings before taxes (EBT)   12,595
Federal and state income taxes (40%)   5,038
Net income   $7,557

Calculate the indicated ratios for Barry. Round your answers to two decimal places.

Ratio Barry Industry Average
     
Debt/Total capital?? % 45.00%


aCalculation is based on a 365-day year.

Answers

(6)
Status NEW Posted 19 May 2017 03:05 PM My Price 8.00

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file 1495209565-Answer.docx preview (183 words )
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