Input area:
Tax rate 40%
Sales 24,092,400$
COGS 17,982,000
Other expenses 2,878,800
Depreciation 786,000
Current Assets Current Liabilities
Cash 438,048$ Accounts Payable 858,816$
Accounts rec. 1,841,616 Notes Payable 1,735,680
Inventory 1,486,200 Total CL 2,594,496$
Total CA 3,765,864$
Output area:
Current ratio 1.45
Quick ratio 0.88
Cash ratio 0.17
Total asset turnover 1.30
Inventory turnover 12.10
Receivables turnover 13.08
Total debt ratio 0.39
Debt-equity ratio 0.63
Equity multiplier 1.63
Times interest earned 5.63
Cash coverage ratio 7.44
Profit margin 5.01%
Liabilities & Equity
Assets
Ratios and Financial Planning at S&S Air
Chapter 3