Posted: February 1st, 2024

Columbia Southern-FINANCIAL BBA3301-Problem 3-13 Warner Company Balance Sheet Current Assets

Problem 3-13Warner Company Balance SheetCurrent AssetsWarner Company Income StatementRecall from reading checkpoint 3.1to construct an income statementin this space, adjusting as needed.(You may delete these instructions.)Long Term (fixed) assetsCurrent LiabilitiesLong-term LiabilitiesOwners EquityTotal liabilities and equityQ. What can you say about the firm’s financial condition based on these financialstatements?Q. Using the CSU Online Library find one article that discuses financial statements, cash flow, or ratio analysis. Brieflysummarize the key points of the article as it relates to this unit. You may use any of the databases, but BusinessSource Complete is a good starting place.ome Statementcialr ratio analysis. Brieflybases, but BusinessProblem 3-15Answer the following four questions using the information found in the statements.a. Does BigBox generate positive cash flow from its operations?b. How much did BigBox invest in new capital expenditures over the last four years?c. Describe BigBox’s sources of financing in the financial markets over the last four years.d. Based solely on the cash flow statement for 2010 through 2013, write a brief narrative thatdescribes the major activities of BigBox’s management team over the last four years.Problem 4-25Instructions to use the Solution TemplateStep 1 Enter the given values from the textbook on page 116 in the yellow colored cells below.Step 2 In Cell E52, Calculate Current ratio using formula "Current Assets / Current Liabilities"Step 3 In Cell E53, Calculate Times interest earned using formula "Net Operating Income/ InteresStep 4 In Cell E54, Calculate Inventory Turnover using formula "Cost of goods sold/ Inventory"Step 5 In Cell E55, Calculate Total Asset turn Over using formula "Net Sales / Total Assets"Step 6 In Cell E56, Calculate Operating Profit Margin using formula "Net Operating Income / Net SStep 7 In Cell E57, Calculate Operating Return on Assets using formula "Net Operating Income / TStep 8 In Cell E58, Calculate Debt Ratio using formula "( Current Liabilities + Long-term debt) / ToStep 9 In Cell E59, Calculate Average Collection Period using formula "( Accounts Receivable * 365Step 10 In Cell E60, Calculate Fixed Asset Turnover using formula "Net Sales / Net Fixed Assets "Step 11 In Cell E61, Calculate Return on Equity using formula "Net Income / Owner's Equity"GivenJ. P. Robard Mfg., Inc.Balance Sheet ($000)CashAccounts receivableInventoriesCurrent assetsNet fixed assetsTotal assetsAccounts payableAccrued expensesShort-term notes payableCurrent liabilitiesLong-term debtOwners’ equityTotal liabilities and owners’ equityJ. P. Robard Mfg., Inc.Income Statement ($000)Net sales (all credit)Cost of goods soldGross profitOperating expenses (includes $500 depreciation)Net operating incomeInterest expenseEarnings before taxesIncome taxes (40%)Net incomeSolutionCurrent ratioTimes interest earnedInventory turnoverTotal asset turnoverOperating profit marginOperating return on assetsDebt ratioAverage collection periodFixed asset turnoverReturn on equityProblem 4-25tions to use the Solution Templatege 116 in the yellow colored cells below.a "Current Assets / Current Liabilities"g formula "Net Operating Income/ Interest Expense"ormula "Cost of goods sold/ Inventory"g formula "Net Sales / Total Assets"ing formula "Net Operating Income / Net Sales"s using formula "Net Operating Income / Total Assets"( Current Liabilities + Long-term debt) / Total Assets"using formula "( Accounts Receivable * 365 ) / Credit Sales "formula "Net Sales / Net Fixed Assets "mula "Net Income / Owner's Equity"Given$500.00$2,000.00$1,000.00$3,500.00$4,500.00$8,000.00$1,100.00$600.00$300.00$2,000.00$2,000.00$4,000.00$8,000.00$8,000.00($3,300.00)$4,700.00($3,000.00)$1,700.00($367.00)$1,333.00($533.00)$800.00Enter the givenvalues from thetext book hereSolution1.704.603.301.000.210.210.5091.251.780.20Current Ratio = Current Assets / CurrentLiabilitiesTimes interest Earned= Net Operating Income/ InterestExpenseInventory Turnover= Cost of goods sold/InventoryTotal Asset turn Over = Net Sales / Total AssetsOperating Profit Margin = Net Operating Income / NetSalesOperating Return on Assets = Net Operating Income / TotalAssetsDebt Ratio = ( Current Liabilities + Long-term debt) / TotalAssetsAverage Collection Period =( Accounts Receivable * 365 ) / CreditSalesFixed Asset Turnover = Net Sales / Net FixedAssetsReturn on Equity = Net Income / Owner'sEquityterestome / Totalbt) / Totale * 365 ) / Credit

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