Ratio Analysis Data for Barry Computer Co. and its industry averages follow. Barry Computer
Company: Balance Sheet as of December 31, 2014 (In Thousands) Cash $97,920 Accounts
payable $228,480 Receivables 636,480 Other current liabilities 212,160 Inventories 342,720
Notes payable 81,600 Total current assets $1,077,120 Total current liabilities $522,240 Long-
term debt $408,000 Net fixed assets 554,880 Common equity 701,760 Total assets $1,632,000
Total liabilities and equity $1,632,000 Barry Computer Company: Income Statement for Year
Ended December 31, 2014 (In Thousands) Sales $2,400,000 Cost of goods sold Materials
$1,128,000 Labor 576,000 Heat, light, and power 96,000 Indirect labor 264,000 Depreciation
72,000 $2,136,000 Gross profit $264,000 Selling expenses 144,000 General and administrative
expenses 24,000 Earnings before interest and taxes (EBIT) $96,000 Interest expense 32,640
Earnings before taxes (EBT) 63,360 Federal and state income taxes (40%) 25,344 Net income
$38,016 Calculate the indicated ratios for Barry. Round your answers to two decimal places.
Ratio Barry Industry Average Current x 2.08x Quick x 1.42x Days sales outstandinga days
45.23days Inventory turnover x 7.65x Total assets turnover x 1.75x Profit margin % 1.48% ROA
% 2.59% ROE % 6.02% ROIC % 7.00% TIE x 3.50x Debt/Total capital % 45.50% aCalculation
is based on a 365-day year. Construct the Du Pont equation for both Barry and the industry.
Round your answers to two decimal places. FIRM INDUSTRY Profit margin % 1.48% Total
assets turnover x 1.75x Equity multiplier
Solution
Thank you for your question. Please see the below indicated ratio of Barry Computer Co.
1).Current Ratio= Current Assets/Current Liability
Current Assets= Cash+ A/c Receivable+ Inventories
Current Liability= A/c Payable+ Other Liability
CA= $97,920+$636,480+$342,720= $1,077,120
CL= $228,480+$212,160= $440,640
Current ratio= 1,077,120/440,640= 2.44x
2) Quick ratio= (Cash+ Cash Equivalent+Ac Receivables)/ Current Liability
= ($97,920+$636,480)/($228,480+$212,160)= 1.66x
3). Days sales outstanding= 365/Receivables Turnover
Receivable Turnover= Annual sales/ Average Receivable
Average Receivable= (Opening Receivable+ Closing Receivable)/2
Average Receivable= Since opening receivable is not available so we will use closing receivable
as denominator to calculate receivable turnover.
So, it would be,
$2,400,000/$636,480=3.77
So, Days of sales outstanding would be
365/3.77= 96.81
4).Inventory Turnover= COGS/ Average Inventory
1,128,000/342,720= 3.29x
5) Total Assets Turnover= Revenue/ Average total assets
Since, we are not given opening total assets we will use total assets as average total assets.
$2,400,000/1,632,000= 1.47
5). Profit Margin= Net Income/Revenue
$38,016/2,400,000= 1.58%
6). ROA= Net income/ Average total assets
$38,016/$1,632,000= 2.32%
7). ROE= Net income/ Average total equity
$38,016/$701,760= 5.41%
8). ROIC= EBIT/Total capital
$96,000/($701,760+$81,600+$408,000)= 8.05%
9).TIE= EBIT/ Int.
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Rectangle class inherits members of Shape class Has one method calle.pdf
1. Rectangle class inherits members of Shape class Has one method called "getArea"
"getArea" method should return the area of a rectangle
Solution
Here is code:
class Shape {
//shape class have method getArea return
int getArea(int length, int width)
{
return length * width;
}
}
// rectangle extends shape
class Rectangle extends Shape {
int GetData(int l, int h)
{
return getArea(l, h);
}
public
static void main(String args[])
{
Rectangle obj = new Rectangle();
//get area of rectangle by GetDate
System.out.println("Area is " + obj.GetData(5, 6));
}
}
Output:
Area is 30
![Rectangle class inherits members of Shape class Has one method called "getArea"
"getArea" method should return the area of a rectangle
Solution
Here is code:
class Shape {
//shape class have method getArea return
int getArea(int length, int width)
{
return length * width;
}
}
// rectangle extends shape
class Rectangle extends Shape {
int GetData(int l, int h)
{
return getArea(l, h);
}
public
static void main(String args[])
{
Rectangle obj = new Rectangle();
//get area of rectangle by GetDate
System.out.println("Area is " + obj.GetData(5, 6));
}
}
Output:
Area is 30](https://image.slidesharecdn.com/rectangleclassinheritsmembersofshapeclasshasonemethodcalle-230705073353-aabaca68/85/Rectangle-class-inherits-members-of-Shape-class-Has-one-method-calle-pdf-1-320.jpg)
