The Brown Jug Company has compiled the following information: Sales Interest paid Long-term debt Owners' equity Depreciation Accounts receivable Other costs Inventory Accounts payable Cost of goods sold Cash Taxes 2013 $312,400 13,720 a. Income Statement for 2014. b. Balance Sheet for the year ending December 31, 2014. c. What is the operating cash flow for 2014? d. What is the Net working capital for 2014? 225,000 134,600 21.600 15,600 32,400 36,800 12,800 136,200 36,500 18,200 2014 $198,500 16,430 187.000 128.700 20,200 18,900 27,100 32.800 21.900 128,300 12.700 1,000 Notes: a All revenues and expenses are for the 12 months ending December 31 for 2013 and 2014 respectively. h All Balance Sheet items are ending balances at the close of Business on December 31 of 2013 and 2014 respectively Other Costs refers to operating expenses (excluding Depreciation) for the 12 months periods. C ou are required to complete the following for 2014.

The Brown Jug Company has compiled the following information: Sales Interest paid Long-term debt Owners' equity Depreciation Accounts receivable Other costs Inventory Accounts payable Cost of goods sold Cash Taxes 2013 $312,400 13,720 a. Income Statement for 2014. b. Balance Sheet for the year ending December 31, 2014. c. What is the operating cash flow for 2014? d. What is the Net working capital for 2014? 225,000 134,600 21.600 15,600 32,400 36,800 12,800 136,200 36,500 18,200 2014 $198,500 16,430 187.000 128.700 20,200 18,900 27,100 32.800 21.900 128,300 12.700 1,000 Notes: a All revenues and expenses are for the 12 months ending December 31 for 2013 and 2014 respectively. h All Balance Sheet items are ending balances at the close of Business on December 31 of 2013 and 2014 respectively Other Costs refers to operating expenses (excluding Depreciation) for the 12 months periods. C ou are required to complete the following for 2014.

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter13: Financial Statement Analysis

Section: Chapter Questions

Problem 13.8E

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Calculate each of following ratios for year 2017 using the financial statement in Table 1-3. Total Asset turnover Fixed asset turnover Liquidity Ratio Current ratio Quick ratio Liability to assets Interest coverage ratio Profitability Ratios ROA ROE Gross profit margin Operating profit margin Net operating profit margin Table 1: Balance Sheet Statement for 2017 Cash $7,282 Short-Term invest. 20,000 Accounts Receivable 632,160 Inventories 1,287,360 Total Current Assets 1,946,802 Gross Property, Plant & Equipment 1,202,950 Less: Depreciation 263,160 Net Property, Plant & Equipment 939,790 Total assets $2,886,592 Accounts payable $324,000 Notes payable 720,000 Accruals 284,960 Total Current Liability 1,328,960 Long-term debt 1,000,000 Common stock 460,000 Retained earnings 97,632 Total equity 557,632 Total Liability & Equity $2,886,592 Table 2: Income Statement for 2017 Sales $5,834,400 COGS 4,980,000 Depreciation 116,960 Other expenses…