Computation. OUR COMPANYStatement of Financial PositionAs of December 312ΟΥ220Υ1Cash and Cash EquivalentsP 470,310P 519,860Accounts Receivable, net660,110565,170Inventory653,060555,480228,810Prepaid Expenses173,740Total Current Assets1,957,2201,869,320Property, Plant and Equipment, netIntangible Assets5,910,530745,2005,501,660721,910Total AssetsP8,612,950 P8,092,890Current LiabilitiesP1,273,050 P1,123,700Long-Term Liabilities577,580541,540Total Liabilities1,850,6301,665,240OUR, Capital6,762,3206,427,650Total Liabilities and Owner's Equity P8,612,950 P8,092,890OUR COMPANYStatement of Comprehensive IncomeFor the Year Ended20Υ220Υ1Sales RevenueP5,385,860 P4,921,8501,374,790Cost of Goods Sold1,254,860Gross Profit4,011,0703,666,9903,127,1503,406,460604,610Selling and Administrative ExpensesOperating IncomeInterest Expense539,84023,04011,820Net IncomeP 592,790P 516,800Required:1. Compute for the 20Y2 profitability ratios.2. Compute for the 20Y2 operating efficiency ratios.3. Compute for the 20Y2 financial health ratios.

Ratio analysis includes analysis of company's financial position, financial health and earning…

Answered: OUR COMPANY Statement of Financial…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.10P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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React Corporation Comparative Statements of Financial Position December 31, 2025 and 2024 2025 2024 Assets Current Assets Cash & Cash Equivalent 106,789 102,375 Trade & Other Receivables 327,611 277,467 Inventory 331,863 297,654 Prepaid Expenses 101,565 114,813 Total Current Assets 870,828 792,309 Noncurrent Assets Property, Plant & Equipment Intangibles 135,754 166,481 Total Noncurrent Assets 7,500 7,500 TOTAL ASSETS 143,254 173,981 1,014,082 966,290 Liabilities and Shareholders’ Equity Current Liabilities Trade & Other Payables Unearned Revenues 238,000 208,703 Notes Payables - current 107,508 82,456 Total Current Liabilities 45,000 45,000…
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Current Attempt in Progress XYZ provided the following financial information: XYZBalance SheetAs of 12/31/19 Assets: Liabilities and Equity: Cash and marketable securities $27,476 Accounts payable and accruals $154,860 Accounts receivable $143,519 Short-term notes payable $21,255 Inventory $212,379 Total current liabilities $176,115 Total current assets $383,374 Long term debt $155,510 Net plant and equipment $602,704 Total liabilities $331,625 Goodwill and other assets $42,422 Common stock $312,719 Retained earnings $384,156 Total assets $1,028,500 Total liabilities and equity $1,028,500 In addition, it was reported that the firm had a net income of: $158,402 and net sales of: $4,272,431 Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g.…
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