Question

She looked at my calculations and said they were wrong, so only the calculations need to be redone. So, you'd look at the Apple pdf.'s, and compare the numbers to my Apple calculations page, and recalculate. Be sure to keep the old answers there, and show recalculations in red

For your second project, you will print the Income Statement and Balance Sheet of a real corporation and calculate ratios using financial items from them.

Instructions:

1. Print off the income statement and balance sheet of a publicly traded corporation. Use Marketwatch.com:
   • type the ticker or company name in the “search” box
   • select ‘Financials’ from the menu
   • Print your company’s financial statements, selecting “annual data,” not “quarterly data.”

2. On a separate piece of paper, show me your calculations for the most current year for the following ratios:

Current Ratio (1:1)

Debt Ratio (%)

Hand in:

1. The two statements (the Income Statement and the Balance Sheet) you printed off, stapled to
2. The ratio calculations page – include on this page the name of the company for which you are calculating ratios.

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Apple Calculations From Balance Sheet info

Current Ratio = Current Assets/Current Liabilities

1.36B Current Ratio = -338.52B Current Assets /248.03 Current Liabilities

Debt Ratio = Total Debt/Total Assets

-9.85% = 73.27% Total Debt /-7.44% Total Assets

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Answer 1

Ans : Name of company : Global Cord Blood Corp. ( Using the data of 2019)

1) Current Ratio = Current Assets/Current Liabilities = 766.04 / 88.63 = 8.6431 ( It is much above the standard ratio 1:1 , It means the co.'s liquidity is very good and they are able to pay their liability very promptly )

Current Assets = Cash & Short Term Investments + Total Accounts Receivable + Inventories + Other Current Assets = 743.71M + 16.03M + 4.11M + 2.19M = 766.04M

Current Liabilities = Accounts Payable + Income Tax Payable + Other Current Liabilities = 4.99M + 2.99M + 80.65M = 88.63M

2 ) Debt Ratio = Total Debt/Total Assets = 88.63 / 974.82 = 0.0909 or 9.0919 % ( The co is very low on debt , which is a good sign , showing less reliability on outsiders fund ,. In other words we can say that co is less leveraged )

it shows that , out of total assets of the co only 9% is outsiders fund ,rest belongs to the co

Total Debt = Long term debt + Current Liabilities = Nil + 88.63M = 88.63M

Total Assets =                                                                 974.82M