Solution-Financial statement analysis

Financial statement analysis

Assignment Help Finance Basics

Reference no: EM131222451

Financial Statement Analysis

The following information relates to Harris Corporation.

Account	Current year	Prior year
Net sales (all credit)	$520,125	$499,500
Cost of goods sold	$375,960	$353,600
Gross profit	$144,165	$145,900
Income from operations	$ 95,500	$ 79,900
Interest expense	$ 23,500	$ 19,500
Net income	$ 57,600	$ 51,600
Cash	$ 30,600	$ 15,900
Accounts receivable, net	$ 33,800	$ 23,200
Inventory	$ 42,000	$ 30,300
Prepaid expenses	$ 2,000	$ 1,500
Total current assets	$ 108,400	$ 70,900
Total long-term assets	$ 62,000	$ 38,000
Total current liabilities	$ 46,000	$ 41,600
Total long-term liabilities	$ 20,000	$ 22,700
Common stock, no par, 3,000 shares, value $50/share	$ 30,000	$ 30,000

Required:

What is the acid-test ratio for the current year?
What is the inventory turnover for the current year?
What is days' sales in receivables for the current year?
What is the book value per share of common stock for the current year?
What is the price-earnings ratio for the current year?
What is the rate of return on total assets for the current year?
What is the times-interest-earned ratio for the current year?
What is the current ratio for the current year?

Reference no: EM131222451

Questions Cloud

Determining the present value of the annuity : An annuity has an interest rate of 7% and makes a quarterly payment of $2000. The annuity is to last for 5 years. What is the present value of the annuity?

How gostin uses graphics and videos to support his argument : Also, given that this is online media, evaluate how Gostin uses graphics and videos to support his argument. How does this affect our perception of his article?

Does this assumption seem justified : (Stata Only) Test the assumption of proportional hazards for the four age groups using the graphical methods discussed in this chapter. Does this assumption seem justified? What would be an alternative analytic approach if this assumption seems vi..

Define the key success factors in the chosen industry : Analyze your organization's internal strengths and weaknesses. Consider factors such as personnel, finances, manufacturing capabilities, corporate culture, product or service pricing, current promotion, and so on.

Financial statement analysis : What is the acid-test ratio for the current year? What is the inventory turnover for the current year? What is days' sales in receivables for the current year?

Generate a table showing the data structure : Generate a table showing the data structure for the first two respondents in the NCS-R data set.

Fit a discrete time log it model to the expanded data set : Generate a table comparing the estimated odds ratios from the discrete time log it approach to the estimated hazard ratios from the Cox modeling approach.

Do students play chess game or just go watch a movie : In this report, you are going to survey American students on what they do in their leisure time. Do they play chess game or just go watch a movie?

Examine simple descriptive statistics for these variables : Examine simple descriptive statistics for these variables (means, proportions, ranges, and counts of missing values) keeping in mind that the full n is 5,334. Use a software tool of choice for this step.

User Account

All Pages

Financial statement analysis

Reference no: EM131222451

Reference no: EM131222451

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

Small business administration

Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

Time value of money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT