Financial Ratios for East Coast Yachts

Question 1:
Financial ratios for East Coast Yachts: Current ratio | = | Current Assets | | | Debt-equity ratio | = | Total liabilities | | | Current Liabilities | | | | | Total equity | | = | $14,651,000 | | | | = | $19,539,000 + $33,735,000 | | | $19,539,000 | | | | | $55,341,000 | | = | 0.75 | | | | = | 0.96 | | | | | | | | | | | | | | | | | Quick ratio | = | Current Assets - Inventory | | | Equity multiplier | = | Total assets | | | Current Liabilities | | | | | Total equity | | = | $14,651,000 - $6,136,000 | | | | = | $108,615,000 | | | $19,539,000 | | | | | $55,341,000 | | = | 0.44 | | | | = | 1.96 | | | | | | | | | | | | | | | | | Total asset turnover | = | Sales | | | Interest coverage | = | EBIT | | | Total Assets | | | | | Interest | | = | $167,310,000 | | | | = | $23,946,000 | | | $108,615,000 | | | | | $3,009,000 | | = | 1.54 | | | | = | 7.96 | | | | | | | | | | | | | | | | | Inventory turnover | = | COGS | | | Profit margin | = | Net Income | | | Inventory | | | | | Sales | | = | $117,910,000 | | | | = | $12,562,200 | | | $6,136,000 | | | | | $167,310,000 | | = | 19.22 | | | | = | 7.51% | | | | | | | | | | | | | | | | | Receivables turnover | = | Sales | | | Return on assets | = | Net Income | | | Accounts receivable | | | | | Total assets | | = | $167,310,000 | | | | = | $12,562,200 | | | $5,473,000 | | | | | $108,615,000 | | = | 30.57 | | | | = | 11.57% | | | | | | | | | | | | | | | | | Debt ratio | = | Total assets - Total equity | | | Return on equity | = | Net Income | | | Total assets | | | | | Total equity | | = | $108,615,000 - $55,341,000 | | | | = | $12,562,200 | | | $108,615,000 | | | | | $55,341,000 | | = | 0.49 | | | | = | 22.70% |