Homework Answers
| Total Asset turnover | |||||
| Sales | / | Average Total Assets | = | Total Assets Turnover | |
| 2016 | 4415000 | / | (1557000+1766000)/2 | = | 2.66 |
| 2017 | 8209000 | / | (1766000+1924000)/2 | = | 4.45 |
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Lok Co reports net sales of $4,415,000 for 2016 and $8,209,000 for 2017 End-of-year balances for...
Return to question Exercise 8-22 Evaluating efficient use of assets LO A1 1.7 points Lok Co. reports net sales of $5,63...
Return to question Exercise 8-22 Evaluating efficient use of assets LO A1 1.7 points Lok Co. reports net sales of $5,632,000 for Year 2 and $8,703,000 for Year 3. End-of-year balances for total assets are Year 1, $1,658,000; Year 2, $1,774,000; and Year 3, $1,979,000. (1) Compute Lok's total asset turnover for Year 2 and Year 3. Total Asset Turnover Choose Numerator: 1 Choose Denominator: Total Asset Turnover Total asset turnover Year 2 Year 3 (2) Lok's competitor has a...
Aneko Company reports the following: net sales of $14,800 for Year 2 and $13,990 for Year...
Aneko Company reports the following: net sales of $14,800 for Year 2 and $13,990 for Year 1; end-of-year total assets of $19,100 for Year 2 and $17,900 for Year 1. (1) Compute its total asset turnover for Year 2. Total asset turnover Choose Denominator: Choose Numerator: 1 Total asset turnover Total asset turnover times 1
Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,800...
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,800
$
36,000
$
37,200
Accounts receivable, net
88,100
62,000
50,500
Merchandise inventory
111,000
83,800
54,500
Prepaid expenses
10,300
9,350
4,600
Plant assets, net
280,000
257,000
235,000
Total assets
$
521,200
$
448,150
$
381,800
Liabilities and Equity
Accounts payable
$
129,200
$
75,250
$
50,400
Long-term notes payable secured by
mortgages on plant assets
98,000
100,000
82,600
Common stock, $10 par value
161,500
161,500...
Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 27,904 $ 32...
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
27,904
$
32,617
$
34,676
Accounts receivable, net
89,700
62,600
59,700
Merchandise inventory
113,000
83,000
54,000
Prepaid expenses
8,986
8,562
3,853
Plant assets, net
247,981
233,541
208,871
Total assets
$
487,571
$
420,320
$
361,100
Liabilities and Equity
Accounts payable
$
117,763
$
68,903
$
46,235
Long-term notes payable secured by
mortgages on plant assets
88,913
93,773
77,409
Common stock, $10 par value
162,500
162,500...
Barga Co. reported net sales for 2016 and 2017 of $662,000 and $741,000, respectively. Barga Co....
Barga Co. reported net sales for 2016 and 2017 of $662,000 and
$741,000, respectively.
Barga Co. reported net sales for 2016 and 2017 of $662,000 and $741,000, respectively Its year-end balances of accounts receivable follow: December 31, 2016, $57000, and December 31, 2017 $91,000 ar Complete the below table to calciulate the doys' sales uncollected at the end of each yeor (Round your Days' Sales Uncollectedr answer to 1 decimal place.) Days' Sales Uncollected Choose Denominator: x Days Choose Numerator:...
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $48,900: total assets, $189.400; co...
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $48,900: total assets, $189.400; common stock, $90,000: and retained earnings, $22748.) CABOT CORPORATION Income Statement For Year Ended Decenber 31, 2017 ts Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tares Net income $448, 600 297, 250 151, 350 98, 600 4, 100 48, 650 19, 598 $ 29, 052...
Sales Cost of goods sold Accounts receivable 2018 2017 2016 2015 2014 $ 515,774 $ 341,572...
Sales Cost of goods sold Accounts receivable 2018 2017 2016 2015 2014 $ 515,774 $ 341,572 $ 268,954 $ 181,114 $ 132,200 265,495 175,952 148,567 9 4,368 67,422 25,067 20,850 18,370 10,631 9 ,082 points Skipped Compute trend percents for the above accounts, using 2014 as the base year. (Round the percents to whole numbers.) Trend Percent for Net Sales: Choose Denominator: Choose Numerator: Sales eBook 2018: 2017: 2016: 2015: lint Print Trend Percent for Cost of Goods Sold: 1...
Sales Cost of goods sold Accounts receivable 2017 2016 2015 2014 2013 $ 667,994 $ 442,380...
Sales Cost of goods sold Accounts receivable 2017 2016 2015 2014 2013 $ 667,994 $ 442,380 $ 368,650 $ 249,688 179, 280 343, 277 227,264 191,462 128,285 91,392 32,465 2 5,968 * 25, 326 14,522 12,257 points Compute trend percents for the above accounts, using 2013 as the base year. Trend Percent for Net Sales: Choose Denominator: Choose Numerator: Sales Book 2017: 2016: 2015: 2014: erences 2014: Trend Percent for Cost of Goods Sold: 1. Choose Denominator: Choose Numerator: Cost...
need help ? Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit;...
need help ?
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $52.900; total assets, $229,400; common stock, $88,000; and retained earnings. $32,712.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 450, 600 Cost of goods sold 297,650 Gross profit 152,950 Operating expenses 99, 100 Interest expense 3,800 Income before taxes 50,050 Income taxes 20. 162 Net Income $ 29,888 $ 16,500...
Requirea information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets...
Requirea information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, sie par value Retained earnings Total liabilities and equity 33,377 $ 39,014 $ 40,234 89,208 62, 600 5 9,200 112,080 84,000 51,000 10,748 1 0, 241 4,470...
Return to question Exercise 8-22 Evaluating efficient use of assets LO A1 1.7 points Lok Co. reports net sales of $5,632,000 for Year 2 and $8,703,000 for Year 3. End-of-year balances for total assets are Year 1, $1,658,000; Year 2, $1,774,000; and Year 3, $1,979,000. (1) Compute Lok's total asset turnover for Year 2 and Year 3. Total Asset Turnover Choose Numerator: 1 Choose Denominator: Total Asset Turnover Total asset turnover Year 2 Year 3 (2) Lok's competitor has a...
Aneko Company reports the following: net sales of $14,800 for Year 2 and $13,990 for Year 1; end-of-year total assets of $19,100 for Year 2 and $17,900 for Year 1. (1) Compute its total asset turnover for Year 2. Total asset turnover Choose Denominator: Choose Numerator: 1 Total asset turnover Total asset turnover times 1
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,800
$
36,000
$
37,200
Accounts receivable, net
88,100
62,000
50,500
Merchandise inventory
111,000
83,800
54,500
Prepaid expenses
10,300
9,350
4,600
Plant assets, net
280,000
257,000
235,000
Total assets
$
521,200
$
448,150
$
381,800
Liabilities and Equity
Accounts payable
$
129,200
$
75,250
$
50,400
Long-term notes payable secured by
mortgages on plant assets
98,000
100,000
82,600
Common stock, $10 par value
161,500
161,500...
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
27,904
$
32,617
$
34,676
Accounts receivable, net
89,700
62,600
59,700
Merchandise inventory
113,000
83,000
54,000
Prepaid expenses
8,986
8,562
3,853
Plant assets, net
247,981
233,541
208,871
Total assets
$
487,571
$
420,320
$
361,100
Liabilities and Equity
Accounts payable
$
117,763
$
68,903
$
46,235
Long-term notes payable secured by
mortgages on plant assets
88,913
93,773
77,409
Common stock, $10 par value
162,500
162,500...
Barga Co. reported net sales for 2016 and 2017 of $662,000 and
$741,000, respectively.
Barga Co. reported net sales for 2016 and 2017 of $662,000 and $741,000, respectively Its year-end balances of accounts receivable follow: December 31, 2016, $57000, and December 31, 2017 $91,000 ar Complete the below table to calciulate the doys' sales uncollected at the end of each yeor (Round your Days' Sales Uncollectedr answer to 1 decimal place.) Days' Sales Uncollected Choose Denominator: x Days Choose Numerator:...
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $48,900: total assets, $189.400; common stock, $90,000: and retained earnings, $22748.) CABOT CORPORATION Income Statement For Year Ended Decenber 31, 2017 ts Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tares Net income $448, 600 297, 250 151, 350 98, 600 4, 100 48, 650 19, 598 $ 29, 052...
Sales Cost of goods sold Accounts receivable 2018 2017 2016 2015 2014 $ 515,774 $ 341,572 $ 268,954 $ 181,114 $ 132,200 265,495 175,952 148,567 9 4,368 67,422 25,067 20,850 18,370 10,631 9 ,082 points Skipped Compute trend percents for the above accounts, using 2014 as the base year. (Round the percents to whole numbers.) Trend Percent for Net Sales: Choose Denominator: Choose Numerator: Sales eBook 2018: 2017: 2016: 2015: lint Print Trend Percent for Cost of Goods Sold: 1...
Sales Cost of goods sold Accounts receivable 2017 2016 2015 2014 2013 $ 667,994 $ 442,380 $ 368,650 $ 249,688 179, 280 343, 277 227,264 191,462 128,285 91,392 32,465 2 5,968 * 25, 326 14,522 12,257 points Compute trend percents for the above accounts, using 2013 as the base year. Trend Percent for Net Sales: Choose Denominator: Choose Numerator: Sales Book 2017: 2016: 2015: 2014: erences 2014: Trend Percent for Cost of Goods Sold: 1. Choose Denominator: Choose Numerator: Cost...
need help ?
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $52.900; total assets, $229,400; common stock, $88,000; and retained earnings. $32,712.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 450, 600 Cost of goods sold 297,650 Gross profit 152,950 Operating expenses 99, 100 Interest expense 3,800 Income before taxes 50,050 Income taxes 20. 162 Net Income $ 29,888 $ 16,500...
Requirea information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, sie par value Retained earnings Total liabilities and equity 33,377 $ 39,014 $ 40,234 89,208 62, 600 5 9,200 112,080 84,000 51,000 10,748 1 0, 241 4,470...
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B. P(Oi)≤0P(Oi)≤0
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