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Only needs 2) g and h and 3).Please answer only you sure its correct. Thanks
Income statement and balance sheet data for Great Adventures, Inc, are provided below GREAT ADVENTURES, INC. For the Year Ended December 31, 2017 Service revenue (clinic, racing. TEAM) Sales revenue (MU watches) $673,000 Cost of goods sold (MU watches) Operating expenses Depreciation expense 304,576 30.024 519.400 $153,600 GREAT ADVENTURES, INC. Balance Sheet December 31, 2017 and 2016 $ 141,000 154,570 14.300 0 550.000 () $246,600 Liabilities and Stockholders’ Equity 1,500 492,320 ) 20.000 100.000円 38,600 Total Iliabilities and stockholders’ equity S 246,600
Expert Answer
| Ans 2 | ||
| g) Debt To equity ratio | 45.17 | % |
| Total Debts/Total stockholder equity | ||
| (12450+780+58800+523820)/(120000+1105000+184120-90000)*100 | ||
| h) Times interest earned ratio | 8.07 | |
| EBIT/Interest expenses | ||
| (673000-73000-304576-53000)/30024 | ||
| ans 3 | ||
| profitablity ratio | ||
| a) Gross profit ratio | 41.13 | % |
| Gross profit/sales*100 | ||
| (124000-73000)/124000*100 | ||
| b) Return on assets | 14.21 | % |
| Net income/Average assets*100 | ||
| 153600/((1914970+246600)/2)*100 | ||
| c) Profit margin | 22.82 | % |
| Net Income/Sales*100 | ||
| 153600/673000*100 | ||
| d) Asset Turnover | ||
| Sales/Avg total assets | ||
| 673000/((1914970+246600)/2) | ||
| e) Return on equity | ||
| Net Income/Avg stockholder equity | 20.69 | % |
| 153600(/(120000+1105000+184120-90000)+(20000+145520))/2)*100 |
