1-Compute all industry ratios presented for East Coast Yachts and COMPARE and comment on each ratio as compared to the Industry Median. (60pts) Industry ratios presented for East Coast Yachts Current ratio = $11‚270‚000 / $15‚030‚000 Current ratio = 0.75 times Quick ratio = ($11‚270‚000 – 4‚720‚000) / $15‚030‚000 Quick ratio = 0.44 times Total asset turnover = $128‚700‚000 / $83‚550‚000 Total asset turnover = 1.54 times Inventory turnover = $90‚700‚000 / $4‚720‚000 Inventory turnover = 19.22
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1. Calculate all of the ratios listed in the industry table for East Coast Yachts Current ratio=CA/CL= 14‚651‚000/19‚539‚000=0.75 Quick Ratio=(CA-Inventory)/CL=(14651000-6136000)/19539000=0.44 Total assert turnover=Sales / Total Assets=167310000/108615000=1.54 Inventory turnover=Cost of Goods Sold / Inventory=117910000/6136000=19.22 Receivable turnover=Sales / Accounts Receivable=167310000/5473000=30.57 Debt ratio(TA-TE)/TA=(108615000-55341000)/108615000=0.49 Debt-equity ratio=TD/TE=33735000/55341000=0
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ASSIGNMENT FOR MANAGERIAL ACCOUNTING AND FINANCE RATIOS AND FINANCIAL PLANNING AT EAST COAST YACTHS 1. Calculated all of the ratios listed in the industry table for East Coast Yachts. Current Ratio = Current Asset / Current Liabilities = $14‚651‚000.00 / $ 19‚539‚000 = 0.749 @ 0.75 ( Lower Quartile) Quick Ratio = (Current Asset – Inventory) / Current Liability = ($14‚651‚000 - $6‚136‚000) / $19‚539‚000 = $8‚515‚000 / $19‚539‚000
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Case Study: A Job at East Coast Yachts As a recent college graduate and a new employee of East Coast Yachts‚ it could be a challenging a confusing decision to select an investment option for a 401 (k) plan. There are a number of reasons why it may be more beneficial to invest in mutual funds instead of individual company stocks‚ but the most common are that mutual funds offer diversification‚ convenience and lower costs. The convenience of mutual funds is undeniable and is surely one of the main
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West Indies Yacht Club Resort (Case No. 1) I. Problem Statement: Patrick Dowd must find a way to unify the different types of cultures at the West Indies Yacht Club Resort. Thus he can use his expertise to recommend strategies to the resort. II. Alternatives: a. Develop ways to recognize culture differences and work on how to coexist. b. Break into groups based on culture and have these groups form teams and work together. c. Stricter management. III. Analysis: a. Develop ways to recognize
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Question 1: Financial ratios for East Coast Yachts: Current ratio | = | Current Assets | | | Debt-equity ratio | = | Total liabilities | | | Current Liabilities | | | | | Total equity | | = | $14‚651‚000 | | | | = | $19‚539‚000 + $33‚735‚000 | | | $19‚539‚000 | | | | | $55‚341‚000 | | = | 0.75 | | | | = | 0.96 | | | | | | | | | | | | | | | | | Quick ratio | = | Current Assets - Inventory | | | Equity multiplier | = | Total assets | |
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To: Mr. Jim Johnson (General Manager)‚ West Indies Yacht Club Resort From: Mr. Patrick Dowd (Management Consultant) Date: 1/12/2007 Subject: Recommendation Report for West Indies Yacht Club Resort Introduction The purpose of this recommendation report is to sort out the existing problems of West Indies Yacht Club Resort and to suggest some feasible solutions to improve the current situation. This report is going to identify the key issues in the resort‚ list and discuss the main findings‚
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The primary advantage of a corporate form of business is that a corporation is a stand-alone entity‚ which means you are not personally liable for the assets and debts of the business. Incorporating protects your personal assets from lawsuits‚ debt collection and other business issues that can arise. The stand-alone entity also separates tax liabilities‚ which is another advantage. This means that the corporation’s taxes are separate from your personal tax liabilities. As a business
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You are required to prepare an investigative report on a recent corporate scandal that involved improper accounting practices or any form of financial scandal. Your report must include the following: an overview of the corporation a description of the scandal methodology - explaining the specific accounting impropriety that the company used. an explanation of how the firm managed to hide their accounting improprieties a discussion of who the scandal effected - both inside‚ and outside
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Analyze company cash flows East Coast Yachts has a strong operating cash flow highlighted by strong earnings before interest and taxes of $88‚416‚000. With the addition of $20‚160‚000 in depreciation and subtraction of $30‚921‚000 in taxes‚ they managed an operating cash flow of $77‚654‚400. East Coast Yachts appears to be in or approaching a growth mode with their capital spending on fixed assets increasing by $60‚000‚000 during the fiscal year. However‚ they made the wise move of reducing
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