Alvin Company
For Alvin company for 2014, calculate any four ratios. Give ratio name, formula, and calcilation, state of ratio, and one sentence of explaining each ratio.
|
Alvin Company |
2014 |
2015 |
|
cash |
$ 25,000 |
$ 40,000 |
|
Account receivable |
65,000 |
90,000 |
|
Inventory |
150,000 |
170,000 |
|
Property, Plant and equipment |
160,000 |
200,000 |
|
Account Payble |
20,000 |
30,000 |
|
Short-term notes Payble |
40,000 |
90,000 |
|
Long-term bond Payble |
80,000 |
160,000 |
|
Common shares |
170,000 |
145,000 |
|
Retained earnings |
90,000 |
75,000 |
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|
Net sales |
$ 360,000 |
|
Cost of goods sold |
184,000 |
|
Interest expense |
24,000 |
|
Selling expenses |
30,000 |
|
Administrative expenses |
20,000 |
-- Additional Information:
a) Cash dividend of $ 57,000 were declared and Paid in 2014.
b) Weifgted-average common shares outstanding during 2014 was 60,000 shares.
c) Market value of common shares on December 31, 2014 was $ 18 per share.
d) Net cash provided by operating activities for 2014 was $ 63,000.
e) Net income before income taxes for 2014 was $ 102,000, income tax expense was $ 30,000, and net income was $ 72,000.