C&F Store Statement of Financial Position As of December 31, 2014 2013 2014 87,400 Cash 124960 110,000 69,920 Accounts Receivable 249920/2 90,000 129,000 218,500 Inventory 347500/2 - 173750 4,370...


Compute the Financial ratios using the table given below


C&F Store<br>Statement of Financial Position<br>As of December 31, 2014<br>2013<br>2014<br>87,400<br>Cash<br>124960<br>110,000<br>69,920<br>Accounts Receivable 249920/2<br>90,000<br>129,000<br>218,500<br>Inventory 347500/2 - 173750<br>4,370<br>Prepaid Rent341,000<br>12,000<br>493,810<br>Delivery Van<br>550,000<br>Total Assets<br>891,000<br>874,000<br>Accounts Payable<br>75,000<br>67,298<br>400,000<br>393,300<br>Loans Payable<br>413,402<br>Anistle Cruz, Capital<br>416,000<br>874,000<br>Total Liabilities and Capital<br>891,000<br>C&F Store<br>Statement of Comprehensive Income<br>For the period ending December 31, 2014<br>2014<br>2013<br>810,000<br>686,000<br>Sales<br>348,300<br>301,750<br>Cost of Goods Sold<br>461,700<br>384,250<br>Gross Profit<br>234,900<br>205,800<br>Operating Expenses<br>40,500<br>17,150<br>Interest Expense<br>186,300<br>161,300<br>Net Income<br>

Extracted text: C&F Store Statement of Financial Position As of December 31, 2014 2013 2014 87,400 Cash 124960 110,000 69,920 Accounts Receivable 249920/2 90,000 129,000 218,500 Inventory 347500/2 - 173750 4,370 Prepaid Rent341,000 12,000 493,810 Delivery Van 550,000 Total Assets 891,000 874,000 Accounts Payable 75,000 67,298 400,000 393,300 Loans Payable 413,402 Anistle Cruz, Capital 416,000 874,000 Total Liabilities and Capital 891,000 C&F Store Statement of Comprehensive Income For the period ending December 31, 2014 2014 2013 810,000 686,000 Sales 348,300 301,750 Cost of Goods Sold 461,700 384,250 Gross Profit 234,900 205,800 Operating Expenses 40,500 17,150 Interest Expense 186,300 161,300 Net Income
2. Liquidity ratios<br>Name of Ratio<br>Formula<br>Sample Computation<br>Working Capital<br>Current ratio<br>Acid Test ratio<br>Accounts Receivable Turnover ratio<br>Average Collection Period<br>Inventory Turnover ratio<br>Average days in inventory<br>Number of days in operating cycle<br>

Extracted text: 2. Liquidity ratios Name of Ratio Formula Sample Computation Working Capital Current ratio Acid Test ratio Accounts Receivable Turnover ratio Average Collection Period Inventory Turnover ratio Average days in inventory Number of days in operating cycle

Jun 10, 2022
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