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Input area:
Tax rate 21%
Sales 231,900,000$
COGS 170,157,000
Other expenses 27,711,200
Depreciation 7,566,900
Current Assets Current liabilities
Cash 3,614,200$ Accounts payable 6,977,700$
Accounts rec. 6,501,900 Notes payable 15,776,900
Output area:
1) Current ratio 0.76
Quick ratio 0.44
Total asset turnover 1.80
Chapter 3
Liabilities & Equity
Assets
Ratios and Financial Planning at East Coast Yachts
Sales 271,668,145$
COGS 199,336,941
Other expenses 32,463,348
Shareholder equity
Debt ratio 0.48
Debt-equity ratio 0.85
Equity multiplier 1.93
Interest coverage 7.75
Profit margin 8.18%
4) Sales 278,280,000$
COGS 204,188,400
Other expenses 33,253,440
Depreciation 7,566,900
EBIT 33,271,260$
5) EFN if minimum FA purchase is 30,000,000$
Depreciation as a percentage of fixed assets 6.78%
New fixed assets 141,629,300$
New depreciation 9,600,479$
Sales 278,280,000$
