Homework Answers
Calculate following :
Average days to sell inventory = Average inventory*365/Cost of goods sold
| Company A | Company B | |
| Average days to sell inventory | 2551*365/29053 = 32.0 Days | 4732*365/24011 = 71.9 Days |
Add Answer to:
Question 8 View Policies Show Attempt History Current Attempt in Progress port The following information (in...
View Policies Current Attempt in Progress The following information (in $ millions) was taken from the...
View Policies Current Attempt in Progress The following information (in $ millions) was taken from the recent annual reports of two companies. Company B Cost of goods sold Average inventory Company A $29,053 $2,551 $24,011 $4,732 (a1) Calculate each company's inventory turnover (Round answers to 1 decimal place, e.g. 2.5.) Company A Company B times times Inventory turnover e Textbook and Media Save for Later
--/1 Question 7 View Policies Current Attempt in Progress The following information (in $ millions) was...
--/1 Question 7 View Policies Current Attempt in Progress The following information (in $ millions) was taken from recent annual reports of Kellogg Company and General Mills, Inc. Kellogg General Mills Sales revenue $13,525 $17,630 Average accounts receivable balance $1,310 $1,435 Calculate each company's accounts receivable turnover. (Round answers to 1 decimal place, e.g. 50.1.) Accounts receivable turnover times Kellogg times General Mills e Textbook and Media Calculate each company's average collection period. (Round answers to 1 decimal places, e.g....
Question 13 View Policies Show Attempt History Current Attempt in Progress Marin Company is constructing a...
Question 13 View Policies Show Attempt History Current Attempt in Progress Marin Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,076,000 on March 1, $1,224,000 on June 1, and $3,001,740 on December 31. Compute Marin's weighted average accumulated expenditures for interest capitalization purposes. Weighted-Average Accumulated Expenditures $ e Textbook and Media Attempts: 1 of 3 used Save for Later Submit Answer Send to Gradebook < Prev Previous Next
Question 3 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect....
Question 3 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. Suppose the following information (in millions of dollars) is available for Limited Brands for a recent year: sales revenue $8,670, net income $244, preferred dividend $0, and weighted average common shares outstanding 400 million. Compute the earnings per share for Limited Brands. (Round answer to 2 decimal places, e.g. 15.25.) Earnings per share $ 0.57 eTextbook and Media Save for Later Attempts: unlimited Submit...
0.17/1 Question 6 View Policies Show Attempt History Current Attempt in Progress The following CVP income...
0.17/1 Question 6 View Policies Show Attempt History Current Attempt in Progress The following CVP income statements are available for Bramble Company and Vaughn Company Sales Variable costs Contribution margin Fixed costs Net income Bramble Company Vaughn Company $490,000 $490,000 294,000 245,000 196,000 245,000 176,400 225,400 $19,600 $19,600 (a1) Your answer is correct. Calculate Contribution margin ratio. (Round answers to 2 decimal places, e8. 0.32.) e Textbook and Media Attempts: 9 of 15 used (a2) Compute the break-even point in...
Question 3 of 4 < > 1.04/6.25 View Policies Show Attempt History Current Attempt in Progress...
Question 3 of 4 < > 1.04/6.25 View Policies Show Attempt History Current Attempt in Progress Blossom Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $50 throughout the country to loyal alumni of over 3,500 schools. Blossom's variable costs are 40% of sales: fixed costs are $118,000 per month. (a 1) Your answer is correct. Calculate contribution margin ratio. (Round ratio to 2 percentage places, eg, 0.38 - 38%) Contribution...
Question 4 View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect....
Question 4 View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. Suppose in its 2022 annual report that McDonald's Corporation reports beginning total assets of $29.00 billion, ending total assets of $31.00 billon, net sales of $21.60 billion, and net income of $4.59 billion (a) Compute McDonald's return on assets. (Round return on assets to 2 decimal places, eg 5.12 % ) McDonald's return on assets 15 % (b) Compute McDonald's asset turnover (Round asset...
0.5/1 Question 6 View Policies Show Attempt History Current Attempt in Progress You are analyzing the...
0.5/1 Question 6 View Policies Show Attempt History Current Attempt in Progress You are analyzing the cost of debt for a firm. You know that the firm's 14-year maturity, 7.8 percent coupon bonds are selling at a price of $683.00. The bonds pay interest semiannually. If these bonds are the only debt outstanding for the firm, answer the following questions. (21) Your answer is correct. What is the current YTM of the bonds? (Round final answer to 2 decimal places,...
Question 2 View Policies Show Attempt History Current Attempt in Progress Marin Inc. uses a perpetual...
Question 2 View Policies Show Attempt History Current Attempt in Progress Marin Inc. uses a perpetual inventory system. Data for product includes the following purchases. Date Number of Units Unit Price May 7 60 July 28 45 On June 1, Marin sold 30 units, and on August 27,45 more X Your answer is incorrect. Calculate the average cost of the goods sold in the sale. (Roun decimal places, e.g. 5.125.) June 1 sale: 4,615 $ $ Aug. 27 sale: 2.500...
Question 1 /2 View Policies Current Attempt in Progress Cullumber Company reports the following information (in mil...
Question 1 /2 View Policies Current Attempt in Progress Cullumber Company reports the following information (in millions) during a recent year: net sales, $12,076.8; net earnings, $283.1; total assets, end ing, $5,105.0; and total assets, beginning, $4,330.0. (a) Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1 decimal place, eg. 6.2 % and 6.2) 1. Return on assets 2. Asset turnover times 3. Profit margin % eTextbook and Media Attempts: 0 of...
View Policies Current Attempt in Progress The following information (in $ millions) was taken from the recent annual reports of two companies. Company B Cost of goods sold Average inventory Company A $29,053 $2,551 $24,011 $4,732 (a1) Calculate each company's inventory turnover (Round answers to 1 decimal place, e.g. 2.5.) Company A Company B times times Inventory turnover e Textbook and Media Save for Later
--/1 Question 7 View Policies Current Attempt in Progress The following information (in $ millions) was taken from recent annual reports of Kellogg Company and General Mills, Inc. Kellogg General Mills Sales revenue $13,525 $17,630 Average accounts receivable balance $1,310 $1,435 Calculate each company's accounts receivable turnover. (Round answers to 1 decimal place, e.g. 50.1.) Accounts receivable turnover times Kellogg times General Mills e Textbook and Media Calculate each company's average collection period. (Round answers to 1 decimal places, e.g....
Question 13 View Policies Show Attempt History Current Attempt in Progress Marin Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,076,000 on March 1, $1,224,000 on June 1, and $3,001,740 on December 31. Compute Marin's weighted average accumulated expenditures for interest capitalization purposes. Weighted-Average Accumulated Expenditures $ e Textbook and Media Attempts: 1 of 3 used Save for Later Submit Answer Send to Gradebook < Prev Previous Next
Question 3 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. Suppose the following information (in millions of dollars) is available for Limited Brands for a recent year: sales revenue $8,670, net income $244, preferred dividend $0, and weighted average common shares outstanding 400 million. Compute the earnings per share for Limited Brands. (Round answer to 2 decimal places, e.g. 15.25.) Earnings per share $ 0.57 eTextbook and Media Save for Later Attempts: unlimited Submit...
0.17/1 Question 6 View Policies Show Attempt History Current Attempt in Progress The following CVP income statements are available for Bramble Company and Vaughn Company Sales Variable costs Contribution margin Fixed costs Net income Bramble Company Vaughn Company $490,000 $490,000 294,000 245,000 196,000 245,000 176,400 225,400 $19,600 $19,600 (a1) Your answer is correct. Calculate Contribution margin ratio. (Round answers to 2 decimal places, e8. 0.32.) e Textbook and Media Attempts: 9 of 15 used (a2) Compute the break-even point in...
Question 3 of 4 < > 1.04/6.25 View Policies Show Attempt History Current Attempt in Progress Blossom Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $50 throughout the country to loyal alumni of over 3,500 schools. Blossom's variable costs are 40% of sales: fixed costs are $118,000 per month. (a 1) Your answer is correct. Calculate contribution margin ratio. (Round ratio to 2 percentage places, eg, 0.38 - 38%) Contribution...
Question 4 View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. Suppose in its 2022 annual report that McDonald's Corporation reports beginning total assets of $29.00 billion, ending total assets of $31.00 billon, net sales of $21.60 billion, and net income of $4.59 billion (a) Compute McDonald's return on assets. (Round return on assets to 2 decimal places, eg 5.12 % ) McDonald's return on assets 15 % (b) Compute McDonald's asset turnover (Round asset...
0.5/1 Question 6 View Policies Show Attempt History Current Attempt in Progress You are analyzing the cost of debt for a firm. You know that the firm's 14-year maturity, 7.8 percent coupon bonds are selling at a price of $683.00. The bonds pay interest semiannually. If these bonds are the only debt outstanding for the firm, answer the following questions. (21) Your answer is correct. What is the current YTM of the bonds? (Round final answer to 2 decimal places,...
Question 2 View Policies Show Attempt History Current Attempt in Progress Marin Inc. uses a perpetual inventory system. Data for product includes the following purchases. Date Number of Units Unit Price May 7 60 July 28 45 On June 1, Marin sold 30 units, and on August 27,45 more X Your answer is incorrect. Calculate the average cost of the goods sold in the sale. (Roun decimal places, e.g. 5.125.) June 1 sale: 4,615 $ $ Aug. 27 sale: 2.500...
Question 1 /2 View Policies Current Attempt in Progress Cullumber Company reports the following information (in millions) during a recent year: net sales, $12,076.8; net earnings, $283.1; total assets, end ing, $5,105.0; and total assets, beginning, $4,330.0. (a) Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1 decimal place, eg. 6.2 % and 6.2) 1. Return on assets 2. Asset turnover times 3. Profit margin % eTextbook and Media Attempts: 0 of...
Most questions answered within 3 hours.
-
The free energy change for the following reaction at 25 °C, when
[Sn2+] = 1.17 M...
asked 19 minutes ago -
An MNE is this kind of industry when competition in one country
is essentially independent of...
asked 1 hour ago -
. For this set of questions, determine what
proportion of a normal distribution is located betweeneach...
asked 2 hours ago -
A college student is employed as a door-to-door newspaper
salesman. Historical data suggests that the student...
asked 3 hours ago -
MATLAB HW 11 problem using Switch Case and Input commands
Write a script file that calculates...
asked 3 hours ago -
Considering gravitational time dilation, calculate the time that
passes in Earth’s surface while 1 hour passes...
asked 3 hours ago -
Minitab Problem: Take the Lake Hume June rainfall data and find
use the processes outlined in...
asked 4 hours ago -
X Company is trying to decide whether to continue using old
equipment to make Product A...
asked 4 hours ago -
IN PYTHON ONLY !! Program 2: Re-work
program #5 (WeeklyHours) from the previous assignment such that...
asked 5 hours ago -
The average length of time between arrivals at a turnpike
toll-booth is 26 seconds. What is...
asked 6 hours ago -
(a) A piston at 6.1 atm contains a gas that occupies a volume of
3.5 L....
asked 8 hours ago -
Please answer true or false. Words
cannot be changed or added in to make it true...
asked 8 hours ago