M2 Problem Set Assignment | M2 Problem Set

The following financial data for the Freemont Corporation are to be used in answering self-test problems 1–6.

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Balance Sheet ($000)

Gibbs' reflective cycle in nursing

Assets                                                   Liabilities & Stockholders’ Equity

 

Cash $ 1,500                                       Accounts payable $12,500

Marketable securities 2,500         Notes payable 12,500

Accounts receivable 15,000         Total current liabilities $25,000

Inventory 33,000                             Long-term debt 22,000

Total current assets $52,000        Total liabilities $47,000

Fixed assets (net) 35,000               Common stock (par value) 5,000

Total assets $87,000                       Contributed capital in excess of par 18,000

Retained earnings 17,000

Total stockholders’ equity $40,000

Total liabilities and stockholders’ equity $87,000

 

Income Statement ($000)

Sales (all on credit)          $130,000

Cost of sales                        103,000

Gross margin                      $ 27,000

Operating expenses*        16,000

Earnings before interest and taxes $ 11,000

Interest expense                                   3,000

Earnings before taxes                       $ 8,000

Income tax                                             3,000

Earnings after taxes                             $ 5,000

 

 

 

  1. Calculate the following liquidity ratios:
  2. Current ratio
  3. Quick ratio

2.Calculate the following asset management ratios:

  1. Average collection period
  2. Inventory turnover
  3. Fixed-asset turnover
  4. Total asset turnover
  5. Calculate the following financial leverage management ratios:
  6. Debt ratio
  7. Debt-to-equity ratio
  8. Times interest earned ratio

4.Calculate the following profitability ratios:

  1. Gross profit margin
  2. Net profit margin
  3. Return on investment
  4. Return on stockholders’ equity
  5. Calculate the following market-based ratios:
  6. Price-to-earnings ratio
  7. Market price-to-book value ratio

 

 

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