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    Financial Ratios

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    Nicolo
    The financial ratios document summarizes key financial metrics for Mini Trading Corp. for the period of January 1 - June 30, 2013. Current and quick ratios indicate strong liquidity at 5.27:1 and 2.19:1 respectively. Return on assets and return on equity were 18.57% and 22.10%, showing good profitability. Debt ratio was low at 18.99% indicating a low risk of default. The projected balance sheet estimates total assets of $604,344 with current assets at 84.11% of total. The projected income statement estimates net income of $112,226 for the fiscal year.

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    Financial Ratios

    Uploaded by

    Nicolo
    24 views4 pages
    The financial ratios document summarizes key financial metrics for Mini Trading Corp. for the period of January 1 - June 30, 2013. Current and quick ratios indicate strong liquidity at 5.27:1 and 2.19:1 respectively. Return on assets and return on equity were 18.57% and 22.10%, showing good profitability. Debt ratio was low at 18.99% indicating a low risk of default. The projected balance sheet estimates total assets of $604,344 with current assets at 84.11% of total. The projected income statement estimates net income of $112,226 for the fiscal year.

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    The financial ratios document summarizes key financial metrics for Mini Trading Corp. for the period of January 1 - June 30, 2013. Current and quick ratios indicate strong liquidity at 5.27:1 and 2.19:1 respectively. Return on assets and return on equity were 18.57% and 22.10%, showing good profitability. Debt ratio was low at 18.99% indicating a low risk of default. The projected balance sheet estimates total assets of $604,344 with current assets at 84.11% of total. The projected income statement estimates net income of $112,226 for the fiscal year.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    24 views4 pages

    Financial Ratios

    Uploaded by

    Nicolo
    The financial ratios document summarizes key financial metrics for Mini Trading Corp. for the period of January 1 - June 30, 2013. Current and quick ratios indicate strong liquidity at 5.27:1 and 2.19:1 respectively. Return on assets and return on equity were 18.57% and 22.10%, showing good profitability. Debt ratio was low at 18.99% indicating a low risk of default. The projected balance sheet estimates total assets of $604,344 with current assets at 84.11% of total. The projected income statement estimates net income of $112,226 for the fiscal year.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 4

    FINANCIAL RATIOS

    JANUARY 01
    -JUNE 30, 2013

    LIQUIDITY

    Current Ratio 5.27 :1


    Quick Ratio 2.19 :1
    Net Working Capital 411912
    Working Capital to Total Assets 0.84 :1
    Receivable Turnover 5.32 x
    No. of Days Receivable 57 days
    Merchandise Turnover 2.65 x
    Day's Supply in Inventory 115 days
    Working Capital Turnover 6.19

    SOLVENCY

    Debt Ratio 18.99 %


    Times Interest Earned 2.86

    PROFITABILITY

    Operation Efficiency:
    Gross Margin Ratio 24.94 %
    Profit Margin Ratio 7.13 %
    Return on Total Assets (ROA) 18.57 %

    Profitability:
    Return on Owner's Equity (ROE) 22.10 %

    INVESTMENT

    Equity Ratio 84.04 %


    Creditor's Ratio 15.96 %
    Capital Intensity 1666.67 %
    MINI TRADING CORP.
    PROJECTED BALANCE SHEET
    As of January 31, 2013

    ASSETS
    Current:
    %
    Cash 175544 29.047
    Accounts Receivable 35200 5.8245
    Merch. Inventory 297600 49.2435

    Sub-total 508344 84.115

    Fixed:
    At cost 108000
    Less: Accumulated 12000 96000 15.885

    TOTAL ASSETS 604344 100

    LIABILITIES

    Accounts Payable 96432 15.9565

    STOCKHOLDER'S EQUITY

    Common Stock 420000


    Retained Earnings 87912 507912 84.0435

    TOTAL LIABILITIES AND S.H.E. 604344 100


    MINI TRADING CORP.
    Projected Income Statement
    For the fiscal year, July 2012 to June 2013

    Sales 80,000 # @ 20
    Less: Sales Discount

    Net Sales

    Less: Cost of Sales


    Merchandise inventory, beg. 24,240 # @ 15
    Purchases 77,040 # @ 15 1155600
    Less: Purchase Discount 23112
    TGAS 101,280 # @ 14.7718009479
    Less: Inventory, end 21,280 # @ 14.7718009479

    Gross Margin
    Less: Selling, admin and gen.
    expenses
    Variable 80,000 # @ 2
    Fixed

    Operating Income
    Income Tax (35%)

    Net Income
    2013
    %

    1600000 100
    25600 1.6

    1574400 98.4

    363600 22.73

    1132488 70.78
    1496088
    314343.9242 1181744.076 73.86

    392655.9242 24.54

    160000
    60000 220000 13.75

    172655.924 10.79
    60429.57346 3.78

    112226 7.01

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