(Solution) - The Jimenez Corporation s forecasted 2017 financial statements follow along with -(2025 Original AI-Free Solution)

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The Jimenez Corporation's forecasted 2017 financial statements follow, along with some industry average ratios. Calculate Jimenez's 2017 forecasted ratios, compare them with the industry average data, and comment briefly on Jimenez's projected strengths and weaknesses.
Jimenez Corporation: Forecasted Balance Sheet as of December 31, 2017
Assets
Cash...........................................................................$ 72,000
Accounts receivable..........................................................439,000
Inventories.....................................................................894,000
Total current assets......................................................$ 1,405,000
Fixed assets...................................................................431,000
Total assets...............................................................$ 1,836,000
Liabilities and Equity
Accounts payable.........................................................$ 332,000
Notes payable................................................................100,000
Accruals......................................................................170,000
Total current liabilities...................................................$ 602,000
Long-term debt.............................................................404,290
Common stock..............................................................575,000
Retained earnings..........................................................254,710
Total liabilities and equity............................................$ 1,836,000
Jimenez Corporation: Forecasted Income Statement for 2017
Sales....................................................................................$4,290,000
Cost of goods sold (excluding depreciation).......................................3,580,000
Selling, general, and administrative expenses.......................................370,320
Depreciation..............................................................................159,000
Earnings before taxes (EBT).........................................................$ 180,680
Taxes (40%)................................................................................72,272
Net income.............................................................................$ 108,408
Jimenez Corporation: Per Share Data for 2017
EPS.....................................................................................$ 4.71
Cash dividends per share............................................................$ 0.95
P/E ratio...................................................................................5.0
Market price (average)..............................................................$23.57
Number of shares outstanding.....................................................23,000
Industry Ratios
Quick ratio................................................................................1.0
Current ratio..............................................................................2.7
Inventory turnoverea.....................................................................7.0
Days sales outstandingb.........................................................32.0 days
Fixed assets turnovera.................................................................13.0
Total assets turnovera...................................................................2.6
Return on assets.........................................................................9.1%
Return on equity.......................................................................18.2%
Profit margin on sales...................................................................3.5%
Debt-to-assets ratio.....................................................................21.0%
Liabilities-to-assets ratio...............................................................50.0%
P/E ratio...................................................................................6.0
Price/Cash flow ratio....................................................................3.5
Market/Book ratio.......................................................................3.5