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Greetings – I have completed the unit 4 assignment – however I am not confident and would like… 1 answer below » Greetings – I have completed the unit 4 assignment – however I am not confident and would like another set of eyes to review it. You will need the unit 2-3 to understand unit 4, please see the first tab in unit 4 which has the instructions. If I have made errors could you please give a detailed summary on the correct answer as this will help me understand where I made my mistake. I really appreciate your assistance on this I want to make sure I am fully understanding these concepts as Ratios are not my strong suite. Thank you. Download Attachments: View complete question » Greetings – I have completed the unit 4 assignment – however I am not confident and would like another set of eyes to review it. You will need the unit 2-3 to understand unit 4, please see the first tab in unit 4 which has the instructions. If I have made errors could you please give a detailed summary on the correct answer as this will help me understand where I made my mistake. I really appreciate your assistance on this I want to make sure I am fully understanding these concepts as Ratios are not my strong suite. Thank you. Download Attachments: Document Preview: 26795
8.5881410256410255
3120
12325
3.9503205128205128
3120
367372.5
12425
3.6014492753623188
3450
55347.5
55347.5
4867.6739726027399
27295
1.0186601977980967
26795
579879
12425
7925
601690
7925
-24861
1122805
3. Inventory turnover
4. Accounts Receivable turnover
B. Solvency Ratios
2. Times-interest-earned ratio
C. Profitability Ratios
1. Current Ratio
2. Acid Test Ratio
Formula
Calculation
Result
=
A. Liquidity Ratios
%
times
(words)
(numbers)
Complete the Following rations for Quixote Consulting used in Unis 2 and 3.
You may use formulas as needed
1. Debt to Total Asset ratio
1. Profit Margin
2. Asset Turnover
3. Return on Assets
The Unit 4 Assignment is worth 40 Points.
Notes:
1) Some of the ratios do NOT have sufficient data to compute a ratio.
In those ratios, simply type “Insufficient data to Compute”.
2) In the ratios that require an “Average” – assume that the BEGINNING Account Balance = – 0-.
3) Remember, .50% is NOT the same as 50%.
5) Be sure to include your formulas in the proper cell. If you simply input an answer, feedback may be limited.
If you include your computations, additional feedback will be possible when an incorrect answer is given.
The objective is to provide you an opportunity to employ critical thinking.
You need to be able to discern whether or not all elements are present.
4) Use all transactions that include “Sales on Account” as “Net Credit Sales”.
6) Complete all ratios in all 3 sections – Parts A, B & C. There are 4 ratios in Part A, 2 in Part B, and 3 in Part C.
CURRENT ASSETS
CURRENT LIABILITIES
QUICK ASSETS
CURRENT LIABILITES
COST OF GOODS SOLD
AVERAGE INVENTORY
NET CREDIT SALES
AVERAGE NET RECEIVABLES
TOTAL DEBIT
TOTAL ASSETS
INCOME BEFORE INTEREST EXPENSE AND INCOME TAX EXPENSE (EBIT)
INTEREST EXPENSE
NET INCOME
NET SALES
AVERAGE TOTAL ASSETS
INSUFFICIENT DATA TO COMPUTE Attachments: Q-Attachment…..xlsx Q-Attachment-….xlsx View less » Aug 01 2015 03:40 PM
