Using the balance sheet and income statement provided please

Using the balance sheet and income statement provided please determine the: Current Ratio, Inventory Turnover, Profit Margin, Return on Assets, Return on Equity, Earnings Per Share, Debt to Total Asset, and Interest Coverage.

Solution

Current Ratio = current assets / current liabilities = 170213 / 99755 = 1.71:1

Inventory turnover ratio = cost of goods sold / Average inventory = 788876 / ((59163+60233)/2) = 13.21 times

Profit margin = net income / sales = 66907 / 912473 = 7.33%

Return on assets = net income / Average assets = 66907 / ((467059+469865)/2) = 14.28%

Return on equity = net income / Average shareholders\' equity = 66907 / (331524+276402)/2) = 22.01%

Earnings per share = net income / outstanding shares = 1.94

Debt to total assets = total liabilities / total assets = (467059-331524) / 457059 = 29.02%

Interest coverage = EBIT / interest expense = (88514+9639) / 1919 = 51.15