Nama : Aathifah Teta Fitranti

NIM : 195020307111072

Kelas: ALK – CB

Exercise 1-3

Compare the year-end short-term liquidity position of this company at the end of 2006, 2005, and 2004
by computing the:

(a) current ratio

$30.800 + 88.500 + 111.500 + 9.700

2006 1.865
$128.900

$35.625 + 62.500 + 82.500 + 9.375

2005 2.524
$75.250

$36.800 + 49.200 + 53.000 + 4.000

2004 2.903
$49.250

(b) acid-test ratio

$30.800 + 88.500
2006 0.925
$128.900

$35.625 + 62.500
2005 1.317
$75.250

$36.800 + 49.200
2004 1.746
$49.250

Posisi likuiditas jangka pendek Mixon dapat kita lihat, melemah selama periode dua tahun ini. baik
current dan acid test menunjukkan tren menurun. Acid test ratio bergeser dari 1,7 ke turun menjadi 0,9
dan current rasio bergeser dari 2,9 turun ke 1,9 menunjukkan mixon memiliki masalah likuiditas.
Exercise 1-4

Express the balance sheets in common-size percents. Round to the nearest one-tenth of a percent.

Mixon Company
Common sizw comparative balansce sheet
December 31, 2004-2006

2006 2005 2004

Cash 5.9% 8% 9.9%
Account Receivable 17.1 14 13.2
Merchandise Inventory 21.5 18.5 14.2
Prepaid Expenses 1.9 2.1 1.1
Plant Assets, net 53.6 57.3 61.6
Total assets 100% 100% 100%

Accounts payable 24.9% 16.9% 13.2%

Long term notes payable secured by mortgages on plant 18.8 23. 22.1
assets
Common stock, $10 par value 31.4 36.5 43.6
Retained earnings 24.9 23.5 21.
Total liabilities and equity 100% 100% 100%