Given the profit loss (income statement) and balance sheet for Sam’s Sandwich Delivery (Table 4-8), answer the following:
- Calculate the following ratios: current, quick, accounts receivable turnover, fixed asset turnover.
- Using the inventory figure on the balance sheet as average inventory, calculate the inventory turnover ratio.
- Calculate the debt-to-equity ratio, debt-to-total asset ratio, and operating profit margin ratio.
- Perform a vertical analysis of the income statement.
- Perform a vertical analysis of the balance sheet.