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Financial Data for Springfield Power Co. as of December 31, 2004:

Inventory                                                                            $200,000

Long-term debt                                                                   $300,000

Interest expense                                                                $15,000

Accumulated depreciated                                                  $440,000

cash                                                                                 $260,000

Net Sales (all credit)                                                       $1,500,000

Common Stock                                                               $800,000

Accounts receiveables                                                     $225,000

Operating expenses (incl. depr. Exp. and taxes)            $525,000

Notes payables-current                                                   $180,000

Cost of goods sold                                                           $940,000

Plant and Equipment                                                     $1,300,000

Accounts Payable                                                          $160,000

Marketable securities                                                     $90,000

Accured wages                                                               $65,000

Retained earnings                                                          $130,000

From the information above, calculate the follwoing ratios for the Springfield Power Co.

1. Current ratio

2. Acid test ratio

3. Average collection period

4. inventory turnover

5. Gross profit margin

6. operating profit margin

7. net profit margin

8. total asset turnover

9. times-interest-earned

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92727082

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