$\text { Dana Dairy Products Key Ratio }$ Income Statement
Dana Dairy Products
for the Year Ended December

question 117

Multiple Choice

$\text { Dana Dairy Products Key Ratio }$
$\begin{array}{lll}\hline&\text { Industry } & \text { Actual } & \text { Actual } \\&\text { Average } & 2001 & 2002\\\hline\text { Current Ratio } & 1.3 & 1.0 \\\text { Quick Ratio } & 0.8 & 0.75 \\\text { Average collection Period } & 23 \text { days } & 30 \text { days } \\\text { Inventory Turnover } & 21.7 & 19 \\\text { Debt Ratio } & 64.7 \% & 50 \% \\\text { Times Interest Earned } & 4.8 & 5.5 \\\text { Gross Profit Margin } & 13.6 \% & 12.0 \% \\\text { Net Profit Margin } & 1.0 \% & 0.5 \% \\\text { Return on total assets } & 2.9 \% & 2.0 \% \\\text { Return on Equity } & 8.2 \% & 4.0 \%\end{array}$
Income Statement
Dana Dairy Products
For the Year Ended December 31, 2002
$$\begin{array} { l c } \hline \text { Sales Revenue } & \$ 100,000 \\\text { Less: Cost of Goods Sold } & 87,000 \\& - \cdots \\\text { Gross Profits } & \$ 13,000 \\\text { Less: Operating Expenses } & 11,000 \\& - \cdots \\\text { Operating Profits } & 2,000 \\\text { Less: Interest Expense } & 500 \\& - \cdots \\\text { Net Profits Before Taxes } & \$ 1,500 \\\text { Less: Taxes } ( 40 \% ) & 600\end{array}$$
Balance Sheet
Dana Dairy Products
December 31, 2002
ASSETS
$\begin{array}{lr}\hline \text { Cash } & \$ 1,000 \\\text { Accounts Receivable } & 8,900 \\\text { Inventories } & 4,350\\&----\\\text { Total Current Assets } & \$ 14,250 \\\text { Gross Fixed Assets } & \$ 35,000 & \\\text { Less: Accumulated Depreciation } & 13,250 \\\text { Net Fixed Assets }&21,750\\&----\\\text { Total Assets }&\$36,000\\\\\text { Liabilities \& Stockholders' Equity }\\\hline\text { Accounts Payable } & \$ 9,000 \\\text { Accruals } & 6,675\\&----\\\text { Total Current Liabilities } & \$ 15,675 \\\text { Long-term Debts } & 4,125\\&----\\\text { Total Liabilities }&\$19,800\\\text { Common Stock } & 1,000 \\\text { Retained Earnings } & 15,200\\&----\\\text { Total Stockholders' Equity }&\$16,200\\&----\\\text { Total Liab. \& S.E. }&\$36,000\end{array}$
-The inventory turnover for Dana Dairy Products in 2002 is__________

• A) 5
• B) 25
• C) 20
• D) 43

Differentiate between feeding strategies among animals based on their anatomical and physiological adaptations.

Describe the significance of the life cycle and developmental stages in the classification and understanding of animals.

Explain the process of metamorphosis and its evolutionary significance.

Analyze unique and defining features of animals for classification and evolutionary studies.

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Definitions:

Free Cash Flow (FCF)

Cash generated by a company after deducting capital expenditures from its operating cash flow, available for debt repayment, dividends, or reinvestment.

Weighted Average Cost of Capital (WACC)

A calculation that reflects the cost of a company to finance its operations through a mix of debt and equity, considering the cost of each capital component.

Intrinsic Value

The true, inherent value of an asset, determined through fundamental analysis without reference to its market value.

Preemptive Rights

The right of existing shareholders to purchase additional shares of new stock before it is offered to the public, to maintain their proportionate ownership.