Homework Answers
Add Answer to:
Exercise 6-12 The following information is available for Cullumber Company for three recent fiscal years. Inventory...
The following information is available for Marin Inc. for three recent fiscal years. 2017 &nb
The following information is available for Marin Inc. for three recent fiscal years. 2017 2016 2015 Inventory $546,328 $571,700 $326,238 Net sales 1,934,372 1,695,980 1,327,594 Cost of goods sold 1,554,675 1,312,366 964,008 Calculate the inventory turnover, days in inventory, and gross profit rate for 2017 and 2016. (Round inventory turnover to 1 decimal place, e.g. 5.2, days in inventory to 0 decimal places, e.g. 125 and gross profit rate to 1 decimal place, e.g. 5.2%.)
CALCULATOR PRINTER VERSION BACK NE Exercise 6-12 The following information is available for Blue Spruce Corp. for t...
CALCULATOR PRINTER VERSION BACK NE Exercise 6-12 The following information is available for Blue Spruce Corp. for three recent fiscal years. 2017 2016 2015 Inventory $545,441 $570,212 $333,435 Net sales 1,953,922 1,736,880 1,290,976 Cost of goods sold 1,564,507 1,305,5339 44,111 Calculate the inventory turnover, days In Inventory, and gross profit rate for 2017 and 2016. (Round invento places, 125 and gross profit rate to I decimal place, .. 5.29.) o 1 decimal place, e.g. 5.2, days in Inventory to o...
Exercise 6-12 a x Your answer is incorrect. Try again. The following information is available for...
Exercise 6-12 a x Your answer is incorrect. Try again. The following information is available for Shamrock, Inc. for three recent fiscal years. Inventory Net sales Cost of goods sold 2022 $565,000 1,980,000 1,257,300 2021 $578,000 1,775,000 1,061,450 2020 $345,000 1,345,000 941,000 (a) Calculate the inventory turnover, days in inventory, and gross profit rate for 2022 and 2021. (Round inventory turnover to 1 decimal place, e.g. 5.2, days in inventory to o decimal places, e.g. 125 and gross profit rate...
The following information is available for Gildan Activewear Inc., headquartered in Montreal, for three recent fiscal...
The following information is available for Gildan Activewear Inc., headquartered in Montreal, for three recent fiscal years (in US. $ thousands) 2016 2014 2015 Inventory 851,033 $779,407 $595.794 Net sales 2,959,238 2,359,994 2.284,303 Cost of goods sold 2,229,130 1701,311 1,550,266 Part 1 Calculate the inventory turnover, days in inventory.and gross profit margin for 2016 and 2015, (Round inventory turnover and current ratio to 1 decimal place, eg. 15.2. Round days in inventory to nearest day. Use 365 days for calculation.)...
Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) Beginning inventory End...
Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) Beginning inventory Ending inventory Cost of goods sold Sales revenue 2020 $2,100 2,400 16,200 39,800 2021 $2,400 2,700 18,105 42,600 2022 $2,700 2,800 17,600 42,510 Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.) 2020 2021 2022 Inventory turnover times times times Calculate the days in inventory for 2020, 2021, and 2022. (Round days in inventory...
Exercise 6-12 b (Essay) The following information is available for Zoe's Activewear Inc. for three recent fiscal ye...
Exercise 6-12 b (Essay) The following information is available for Zoe's Activewear Inc. for three recent fiscal years. 2022 2021 2020 Inventory $553,000 $568,000 $332,000 Net sales 1,948,000 1,725,000 1,311,000 Cost of goods sold 1,552,000 1,288,000 947,000 (b) Based on inventory turnover, days in inventory, and gross profit rate for 2022 and 2021, did Zoe's liquidity and profitability improve or deteriorate in 20227 Click if you would like to Show Work for this question: Open Show Work Police 1 R...
Brief Exercise 13-11 The following data are taken from the financial statements of Cullumber Company. 2017...
Brief Exercise 13-11 The following data are taken from the financial statements of Cullumber Company. 2017 2016 Accounts receiva ble (net), end of year $564,600 $564,500 Net sales on account 4,018,000 4,898,000 Terms for all sales are 1/10, n/45 Compute for each year the accounts receivable turnover. At the end of 2015, accounts receivable was $516,500. (Round answers to 1 decimal place, e.g. 12.5.) 2017 2016 Accounts receivable turnover times times Compute for each year the average collection period. (Round...
The following financial information is for Cullumber Company. upport CULLUMBER COMPANY Balance Sheets December 31 Assets...
The following financial information is for Cullumber Company. upport CULLUMBER COMPANY Balance Sheets December 31 Assets 2017 2016 Cash Debt investments (short-term) Accounts receivable Inventory $ 72,000 $68,000 51,000 42,000 109,000 92,000 237,000 169,000 28,000 25,000 131,000 131,000 259,000 186,000 $887,000 $713,000 Prepaid expenses Land Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable $169,000 $109,000 69,000 50,000 Accounts payable Accrued liabilities Bonds payable, due 2017 Common stock, $10 par 41,000 41,000 252,000 170,000 209,000 209,000 147,000...
The following financial information (in US$ millions) is for two major corporations for the three years...
The following financial information (in US$ millions) is for two major corporations for the three years ended December 31 2016 2015 2014 PepsiCo Inc. Sales Cost of sales Profit Inventory hy $62,799 28,209 6,379 2,723 $63,056 28,731 5,501 2,720 $66,683 30,884 6,558 3,143 Coca Cola Company Sales Cost of sales Profit Inventory $41,863 16,465 6,550 2,675 $41,294 17,482 7,366 2,902 $45,998 17,889 7,124 3,100 Calculate the inventory turnover, days sales in inventory, and gross profit margin for each company for...
Question 10 Best Buy reported the following selected information for its three most recent fiscal years...
Question 10 Best Buy reported the following selected information for its three most recent fiscal years in U.S. $ millions): Net sales Cost of goods sold Income from operations Net income 2016 $39,528 30,334 1,375 807 2015 $40,339 31,292 1,450 1,246 2014 $40,611 31,212 1,144 695 Calculate the gross profit margin and profit margin for Best Buy for each of the three years. (Round all amounts to 1 decimal place, e.g. 5.2.) 2016 2015 2014 Gross profit margin Profit margin...
CALCULATOR PRINTER VERSION BACK NE Exercise 6-12 The following information is available for Blue Spruce Corp. for three recent fiscal years. 2017 2016 2015 Inventory $545,441 $570,212 $333,435 Net sales 1,953,922 1,736,880 1,290,976 Cost of goods sold 1,564,507 1,305,5339 44,111 Calculate the inventory turnover, days In Inventory, and gross profit rate for 2017 and 2016. (Round invento places, 125 and gross profit rate to I decimal place, .. 5.29.) o 1 decimal place, e.g. 5.2, days in Inventory to o...
Exercise 6-12 a x Your answer is incorrect. Try again. The following information is available for Shamrock, Inc. for three recent fiscal years. Inventory Net sales Cost of goods sold 2022 $565,000 1,980,000 1,257,300 2021 $578,000 1,775,000 1,061,450 2020 $345,000 1,345,000 941,000 (a) Calculate the inventory turnover, days in inventory, and gross profit rate for 2022 and 2021. (Round inventory turnover to 1 decimal place, e.g. 5.2, days in inventory to o decimal places, e.g. 125 and gross profit rate...
The following information is available for Gildan Activewear Inc., headquartered in Montreal, for three recent fiscal years (in US. $ thousands) 2016 2014 2015 Inventory 851,033 $779,407 $595.794 Net sales 2,959,238 2,359,994 2.284,303 Cost of goods sold 2,229,130 1701,311 1,550,266 Part 1 Calculate the inventory turnover, days in inventory.and gross profit margin for 2016 and 2015, (Round inventory turnover and current ratio to 1 decimal place, eg. 15.2. Round days in inventory to nearest day. Use 365 days for calculation.)...
Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) Beginning inventory Ending inventory Cost of goods sold Sales revenue 2020 $2,100 2,400 16,200 39,800 2021 $2,400 2,700 18,105 42,600 2022 $2,700 2,800 17,600 42,510 Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.) 2020 2021 2022 Inventory turnover times times times Calculate the days in inventory for 2020, 2021, and 2022. (Round days in inventory...
Exercise 6-12 b (Essay) The following information is available for Zoe's Activewear Inc. for three recent fiscal years. 2022 2021 2020 Inventory $553,000 $568,000 $332,000 Net sales 1,948,000 1,725,000 1,311,000 Cost of goods sold 1,552,000 1,288,000 947,000 (b) Based on inventory turnover, days in inventory, and gross profit rate for 2022 and 2021, did Zoe's liquidity and profitability improve or deteriorate in 20227 Click if you would like to Show Work for this question: Open Show Work Police 1 R...
Brief Exercise 13-11 The following data are taken from the financial statements of Cullumber Company. 2017 2016 Accounts receiva ble (net), end of year $564,600 $564,500 Net sales on account 4,018,000 4,898,000 Terms for all sales are 1/10, n/45 Compute for each year the accounts receivable turnover. At the end of 2015, accounts receivable was $516,500. (Round answers to 1 decimal place, e.g. 12.5.) 2017 2016 Accounts receivable turnover times times Compute for each year the average collection period. (Round...
The following financial information is for Cullumber Company. upport CULLUMBER COMPANY Balance Sheets December 31 Assets 2017 2016 Cash Debt investments (short-term) Accounts receivable Inventory $ 72,000 $68,000 51,000 42,000 109,000 92,000 237,000 169,000 28,000 25,000 131,000 131,000 259,000 186,000 $887,000 $713,000 Prepaid expenses Land Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable $169,000 $109,000 69,000 50,000 Accounts payable Accrued liabilities Bonds payable, due 2017 Common stock, $10 par 41,000 41,000 252,000 170,000 209,000 209,000 147,000...
The following financial information (in US$ millions) is for two major corporations for the three years ended December 31 2016 2015 2014 PepsiCo Inc. Sales Cost of sales Profit Inventory hy $62,799 28,209 6,379 2,723 $63,056 28,731 5,501 2,720 $66,683 30,884 6,558 3,143 Coca Cola Company Sales Cost of sales Profit Inventory $41,863 16,465 6,550 2,675 $41,294 17,482 7,366 2,902 $45,998 17,889 7,124 3,100 Calculate the inventory turnover, days sales in inventory, and gross profit margin for each company for...
Question 10 Best Buy reported the following selected information for its three most recent fiscal years in U.S. $ millions): Net sales Cost of goods sold Income from operations Net income 2016 $39,528 30,334 1,375 807 2015 $40,339 31,292 1,450 1,246 2014 $40,611 31,212 1,144 695 Calculate the gross profit margin and profit margin for Best Buy for each of the three years. (Round all amounts to 1 decimal place, e.g. 5.2.) 2016 2015 2014 Gross profit margin Profit margin...
Most questions answered within 3 hours.
-
In JAVA please (need answers in a few hours!)
Exercise #2: Design and implement a program...
asked 1 hour ago -
The mass spectrum of an organic compound shows the relative
abundances of M to be 53.76%...
asked 2 hours ago -
Coca Cola’s strategy of “think local, act local” represents a
__________ approach.
Question options:
1)
transnational...
asked 3 hours ago -
which of the following is not a category of project management
risk?
a) external
b) internal...
asked 3 hours ago -
Focus on Critical Thinking: Are citizen suit provisions an
effective way to achieve environmental objectives? Do...
asked 4 hours ago -
Gaseous butane CH3CH22CH3 will react with gaseous oxygen O2 to
produce gaseous carbon dioxide CO2 and...
asked 4 hours ago -
Required to construct counters using synchronous sequential
logic. Use one hex digit to display the result....
asked 4 hours ago -
(Ultra) Large-Scale Systems –Characteristics?
explain in detail
How the nature of an enterprise affect complex...
asked 5 hours ago -
Some of the antibiotic susceptible strains show colonies within
the clear zone. What it does this...
asked 5 hours ago -
In the lottery game Fantasy 5 you have to select 5 numbers from
the numbers {1,2,3,.......,38,39}....
asked 5 hours ago -
A call option on Jupiter Motors stock with an exercise price of
$80 and one-year expiration...
asked 5 hours ago -
What is the disadvantage of an automated vulnerability scan tool
like Nessus?
prone to false negatives...
asked 5 hours ago