Reference no: EM132969608
The financial statements below answer questions
Blue Bird Inc.
Statement of Comprehensive Income
For the year ending December 31, 2021
Net Sales 12,630
Less: Cost of Goods Sold 8,240
Less: Depreciation 1,010
Earnings Before Interest and Taxes 3,380
Less: Interest Paid 750 Taxable Income 2,630
Less: Taxes 920
Net Income 1,710
Blue Bird Inc.
Statement of Financial Position
As At December 31
2020 2021
Cash 640 590
Accounts Receivable 1,200 1,390
Inventory 2,300 2,470
Total 4,140 4,450
Net Fixed Assets 4,640 5,200
Total Assets 8,780 9,650
Accounts Payable 1,240 660
Long-Term Debt 2,500 2,800
Common Stock 4,000 4,500
Retained Earnings 1,040 1,690
8,780 9,650
Problem a) What is the current ratio and the quick ratio for 2021?
Problem b) What is the Accounts Receivable Turnover and the Inventory Turnover ratios for 2021?
Problem c) What is the Return on Assets and the Return on Equity for 2021?
Problem d) What is the Total Debt ratio and the Debt-to-Equity ratio for 2021?
Problem e) What is the Earning per Share and the Profit Margin for 2021 if Blue Bird has 1,500 outstanding common shares in 2021
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