In: Accounting
The following are the financial statements of Rigolo Inc.
Balance sheet
20116 |
2015 |
|
Assets Current assets Cash & cash equivalents Account receivables Inventory Other current assets Total current assets L.T. Assets PPE Total Assets Liabilities & Shareholders’ Equity Current liabilities Accounts payable Current maturities of notes payable Accrued expenses Other current liabilities Total current liabilities L.T. Liabilities Bank loans Total liabilities Shareholders’ equity Common stock Retained earnings Total shareholders equity Total shareholders equity & liab. The balance is well-balanced |
4,100 2,733,148 1,389,390 13,901 4,140,539 322,586 4,463,125 276,556 1,834,858 151,817 128,632 2,391,863 1,824,764 4,216,627 46,499 199,999 246,498 4,463,125 |
3,100 1,941,002 1,468,257 0 3,412,359 60,640 3,472,999 256,419 337,881 169,067 161,905 925,272 2,400,000 3,325,272 46,499 101,228 147,727 3,472,999 |
Statement of income
2016 |
2015 |
|
Revenue Cost of Good Sold Gross profit on sales Operating expenses Repairs and maintenance Depreciation & Amortization Interest expense Total expenses Net income before taxes Provision for income taxes Net income |
$17,285,211 14,947,152 2,338,059 1,871,538 84,483 25,688 215,246 2,196,955 141,104 42,333 98,771 |
$13,999,979 11,920,400 2,079,579 1,529,231 107,123 24,410 255,003 1,915,767 163,812 65,525 98,287 |
Rigolo Inc, has paid $10,000 to its preferred shareholders in 2016
Tasks: (i) Compute the ROA
(ii) Compute the ROCE
(iii) Compute the Account Receivable Turnover
(iv) Compute the Inventory Turnover
(v) Compute the Basic EPS
(vi) Compute the diluted EPS
Note: Provide for each ratio: the financial meaning and the formula used for its computation. Do not just put numbers.