# Financial Statement Analysis Worksheet

*label*Business Finance

*timer*Asked: May 8th, 2018

*account_balance_wallet*$10

**Question description**

## Instructions

One of the most critical responsibilities of financial analysis is analyzing a company's financial statements. This assignment provides you with an opportunity to calculate the ratios necessary to perform an analysis of financial statements.

Use the Module Two Financial Statement Analysis Data PDF to complete the calculations found in the Module Two Financial Statement Analysis Worksheet document.

## Tutor Answer

Attached.

Running head: 2013 FINANCIAL RATIOS FOR XYZ

2013 Financial Ratios for XYZ

Name

Institution

1

2013 FINANCIAL RATIOS FOR XYZ

Qn 1 quick and current ratio calculations for year 2013.

a) Current ratio is the proportion of current assets against current liabilities.

Current ratio (13) =Total current assets (13)/Total current liabilities (13)

=$2,680,112/$1,144,800

Current ratio (13) =2.34

b) Quick ratio (13) = (Total current assets (13)-inventories (13))/Total current liabilities (13)

= ($2,680,112-$1,716,480) /$1,114,800 =0.864

Quick ratio (13) = 0.864

Qn 2 calculation of days sales outstanding (D.S.O), fixed assets turnover, total assets turnover

and inventory turnover.

a). Total assets turnover for 2013.

Total assets turnover (13) =sales (13)/Total assets (13)

=$7,035,600/$3,497,152

Total assets turnover (13) =2.01

b) Day sales outstanding

DSO (13) = Account Receivables (13)/ (sales (13)/365 days)

= ($878,000/$7,035,600) * 365 days

Day sales outstanding =45.55 days

2

2013 FINANCIAL RATIOS FOR XYZ

c) Inve...

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