Maurice Tutor

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    Argosy University/ Phoniex University/
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Category > Accounting Posted 04 Aug 2017 My Price 12.00

Pinder Construction Supply Company

Liquidity and Profitability Ratios

P7. BuSINESS AppLICATION ▶ A summary of data from Pinder Construction Supply Company’s income statements and balance sheets for 2014 and 2013 follows.

 

 

✔ 1b: 2014 current ratio: 2.0

✔ 2c: 2014 return on assets: 14.8%

 

Current assets

2014

$  366,000

2013

$   310,000

 

Total assets

2,320,000

1,740,000

 

Current liabilities

180,000

120,000

 

Long-term liabilities

800,000

580,000

 

Owner’s equity

1,340,000

1,040,000

 

Net sales

4,600,000

3,480,000

 

Net income

300,000

204,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total  assets  and  owner’s  equity  at  the  beginning  of  2013  were  $1,360,000   and

$840,000, respectively.

ReQUIReD

1.    Compute the following liquidity measures for 2013 and 2014: (a) working capital and (b) current ratio. Comment on the differences between the years. (Round to one decimal place.)

2.    Compute the following measures of profitability for 2013 and 2014: (a) profit mar- gin, (b) asset turnover, (c) return on assets, (d) debt to equity ratio, and (e) return on equity. Comment on the change in performance from 2013 to 2014. (Round to one decimal place.)

Answers

Maurice Tutor
(5)
Status NEW Posted 04 Aug 2017 09:08 PM My Price 12.00

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