Current Ratio 2

Total Current Assets 4

Inventory Increase 2

Total Current Liabilities 2

New Current Ratio 1.5
Item 2019 2020 2021 2022
Total current assets 16,970 21,930 22,910 26,910
Total current liabilities 8,760 12,330 13,520 17,160
Inventory 5,960 6,920 7,410 7,870

Current ratio for the year 2019 1.94

Current ratio for the year 2020 1.78
Current ratio for the year 2021 1.69
Current ratio for the year 2022 1.57
Quick ratio for the year 2019 1.26
Quick ratio for the year 2020 1.22
Quick ratio for the year 2021 1.15
Quick ratio for the year 2022 1.11
Account Amount
Cash 3160
Marketable securities 1070
Checking account 840
Credit card payables 1110
Short-term notes payable 960

Total liquid assets 5070

Total current debt 2070
Josh's liquidity ratio 2.45
Month of Amounts receivable origin
July $3,905
August $2,015
September $34,035
October $15,070
November $51,975
December $193,050
Year-end accounts receivable $300,050

Annual Sales $2,400,000

Average sales per day $6,575.34
Average collection period 45.63
 Campbell Soup 2020 2019 2018
Costs of good sold 5578 5434 5823
Inventory 732 864 1198

Hormel
Costs of good sold 7743 7604 7614
Inventory 1051 1067 1032

Tyson
Costs of good sold 38060 37719 37487
Inventory 4028 4318 4102

Inventory turnover ratio for Campbell Soup in 2020 7.620

Inventory turnover ratio for Campbell Soup in 2019 6.289
Inventory turnover ratio for Campbell Soup in 2018 4.861
Inventory turnover ratio for Hormel in 2020 7.367
Inventory turnover ratio for Hormel in 2019 7.127
Inventory turnover ratio for Hormel in 2018 7.378
Inventory turnover ratio for Tyson in 2020 9.449
Inventory turnover ratio for Tyson in 2019 8.735
Inventory turnover ratio for Tyson in 2018 9.139
 Procter​& Gamble ​Colgate-Palmolive Clorox
Sales 65223 15193 5879
Cost of goods sold 32,967 6,084 3,226
Receivable 4,724 1,402 507
Inventory 4,783 1,165 504
Total current assets 25,582 4,335 1,556
Total assets 117,028 12,125 4,577
Total current liabilities 28,894 3,298 2,032
​(Note: All dollar values are in​
thousands.)

Procter​& Gamble ​Colgate-Palmolive Clorox

Current Ratio 0.885 1.314 0.766
Quick Ratio 0.720 0.961 0.518
Inventory Turnover 6.893 5.222 6.401
Average collection period 26.436 33.682 31.477
Total asset turnover 0.557 1.253 1.284
Creek Enterprises Income Statement for the Year Ended December 31, 2022
Sales revenue $29,967,000
Less: Cost of goods sold $20,967,000
Gross profits $9,000,000
Less: Operating expenses
Selling expense $3,037,000
General and administrative expenses $1,778,000
Lease expense $155,000
Depreciation expense $1,033,000
Total operating expense $6,003,000
Operating profits $2,997,000
Less: Interest expense $988,000
Net profits before taxes $2,009,000
Less: Taxes (rate=21%) $421,890
Net profits after taxes $1,587,110
Less: Preferred stock dividends $91,875
Earnings available for common stockholders $1,495,235

Creek Enterprises Balance Sheet December 31, 2022

Assets
Current assets
Cash $1,001,000
Marketable securities 3,026,000
Accounts receivable 12,005,000
Inventories 7,543,000
Total current assets $23,575,000

Gross fixed assets (at cost)*

Land and buildings $10,988,000

Machinery and equipment 20,515,000

Furniture and fixtures 8,004,000
Gross fixed assets $39,507,000

Less: Accumulated depreciation 13,025,000

Net fixed assets $26,482,000

Total assets $50,057,000

*The firm has a 4-year financial lease requiring
annual beginning-of-year payments of $155,000.
Three years of the lease have yet to run. 155000

**Required annual principal payments are $751,000. 751000

Creek​Enterprises's debt ratio 0.72

Creek​Enterprises's times interest earned ratio 3.03
Creek​Enterprises's fixed-payment coverage ratio 1.43
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable $7,986,000
Notes payable 7,971,000
Accruals 492,000
Total current liabilities $16,449,000
Long-term debt (includes
financial leases)** $19,490,000
Stockholders' equity
Preferred stock (24,500
shares, $3.75 dividend) $2,544,000
Common stock (1.12 million
shares at $5.00 par) 5,600,000
Paid-in capital in excess of
par value 3,992,000
Retained earnings 1,982,000
Total stockholders' equity $14,118,000
Total liabilities and
stockholders' equity $50,057,000
 Estee Lauder e.l.f. Beauty
Total assets ($) 9,223,200 414,729
Total liabilities ($) 5,636,200 273,967
EBIT ($) 1,625,900 26,095
Interest expense ($) 70,800 16,483

Debt ratio for Estee Lauder 0.611

Debt ratio for e.l.f. Beauty 0.661
Times interest earned ratio
for Estee Lauder 22.965
Times interest earned ratio
for e.l.f. Beauty 1.583

Ratio of interest expense to

total liabilities for Estee
Lauder 0.013
Ratio of interest expense to
total liabilities for e.l.f.
Beauty 0.060
 Island Burger Fink Roland
Ratio Electric Utility Heaven Software Motors
Current ratio 1.12 1.26 6.79 4.52
Quick ratio 0.91 0.86 5.17 3.69
Debt ratio 0.68 0.41 0.03 0.35
Net profit margin (%) 6.16 14.29 28.51 8.43
 Coca-Cola Pepsico Dr. Pepper
Revenues 41,860 62,801 6,434
Cost of goods sold 16,465 28,202 2,584
Earnings 6,529 6,332 848
Total assets 87,263 74,133 9,800
Shareholders equity 23,053 11,252 2,125

Coca-Cola Pepsico Dr. Pepper

Gross profit margin 0.607 0.551 0.598
Net profit margin 0.156 0.101 0.132
Return on total assets 0.075 0.085 0.087
Return on equity 0.283 0.563 0.399
 (%) (%)
Creek Enterprises Income Statement for the
Year Ended December 31, 2021
Sales revenue ($35,028,000) 100
Less: Cost of goods sold 65.9
Gross profits 34.1
Less: Operating expenses
Selling expense 12.4
General and administrative expenses 6.1
Lease expense 0.5
Depreciation expense 3.7
Total operating expense 22.7
Operating profits 11.4
Less: Interest expense 1.9
Net profits before taxes 9.5
Less: Taxes (rate=21%) 2
Net profits after taxes 7.5
Less: Preferred stock dividends 0.2

Earnings available for common stockholders 7.3

Creek Enterprises Income Statement for the

Year Ended December 31, 2022
Sales revenue $30,022,000
Less: Cost of goods sold 21,048,000
Gross profits $8,974,000
Less: Operating expenses
Selling expense $2,960,000
General and administrative expenses 1,773,000
Lease expense 216,000
Depreciation expense 1,011,000
Total operating expense 5,960,000
Operating profits $3,014,000
Less: Interest expense 1,043,000
Net profits before taxes $1,971,000
Less: Taxes (rate=21%) 413,910
Net profits after taxes $1,557,090
Less: Preferred stock dividends 94,000

Earnings available for common stockholders $1,463,090

2022 2021
Sales Revenue 100%
Less: Cost of goods sold 70.1%
Gross profits 29.9%
Less: Operating expenses
Selling expense 9.9% 12.4%
General and administrative expenses 5.9% 6.1
Lease expense 0.7% 0.5
Depreciation expense 3.4% 3.7
Total operating expense 19.9%
Operating profits 10.0%
Less: Interest expense 3.5%
Net profits before taxes 6.6%
Less: Taxes (rate = 21%) 1.4%
Net profits after taxes 5.2%
Less: Preferred stock dividends 0.3%

Earnings available for common stockholders 4.9%

2021
100%
65.9
34.1
 22.7
11.4%
1.9
9.5
2.0
7.5%
0.2

7.3%
Item Pelican Paper, Inc. Timberland Forest, Inc.
Total assets $9,200,000 $9,200,000
Total equity (all common) $8,500,000 $4,000,000
Total debt $700,000 $5,200,000
Annual interest $70,000 $520,000
Total sales $27,000,000 $27,000,000
EBIT $6,750,000 $6,750,000
Earnings available for
common stockholders $3,985,200 $3,726,000

Debt ratio for Pelican 7.6%

Debt ratio for Timberland 56.5%
Times interest earned ratio
for Pelican 96.4
Times interest earned ratio 13.0

Operating profit margin for

Pelican 25.0%
Operating profit margin for
Timberland 25.0%
Net profit margin for
Pelican 14.8%
Net profit margin for
Timberland 13.8%
Return on total assets for
Pelican 43.3%
Return on total assets for
Timberland 40.5%
Return on common equity
for Pelican 46.9%
Return on common equity
for Timberland 93.2%