Homework Answers
Accounts receivable days = ( Accounts receivables / Sales ) * Number of days in a year = ( $52000 / $1310000 ) * 365 = 14.49 days
Fixed asset turnover = Sales / Fixed assets = $1310000 / $2990000 = 0.44
Total asset turnover = Sales / Total assets = $1310000 / $4960000 = 0.26
Inventory turnover = Cost of goods sold / Inventory = $597000 / $148000 = 4.03
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JPJ Corp has sales of $1.31 million, accounts receivable of $52,000, total assets of $4.96 million...
First Half Second Half JPJ Corp has sales of $1.43 million, accounts receivable of $50,000, total...
First Half
Second Half
JPJ Corp has sales of $1.43 million, accounts receivable of $50,000, total assets of $4.97 million (of which $2.91 million are fixed assets). inventory of $143,000, and cost of goods sold of $603,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? If JPJ Corp is able to increase sales by 11.8% but keep its total and fixed asset growth to only 4.3%, what will its new asset turnover ratios be?...
Pls answer questions correctly. Thanks. Will give u big thumbs up JPJ Corp has sales of...
Pls answer questions correctly. Thanks. Will give u
big thumbs up
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The 2018 income statement of Anderson Medical Supply Company reported net sales of $10 million, cost...
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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x...
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First Half
Second Half
JPJ Corp has sales of $1.43 million, accounts receivable of $50,000, total assets of $4.97 million (of which $2.91 million are fixed assets). inventory of $143,000, and cost of goods sold of $603,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? If JPJ Corp is able to increase sales by 11.8% but keep its total and fixed asset growth to only 4.3%, what will its new asset turnover ratios be?...
Pls answer questions correctly. Thanks. Will give u
big thumbs up
JPJ Corp has sales of $1.03 million, accounts receivable of $54,000, total assets of $5.13 million (of which $2.92 million are fixed assets). inventory of $151.000, and cost of goods sold of $590,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? What is JPJ's accounts receivable days? JPJ's accounts receivable days are days. (Round to two decimal places.) What is JPJs fixed asset...
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End of Year Beginning of Year Cash and cash equivalents $ 770 $ 79 Accounts receivable (net) 1,930 1,830 Inventory 850 840 Other current assets 750 501 Total current assets $4,300 $3,250 Total current liabilities $1,990 $1,630 For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and net cash provided by operating activities was $1,251 million Compute the current ratio, accounts receivable turnover, average collection period, Inventory turnover and days in Inventory at...
Shelton, Inc., has sales of $20 million, total assets of $17.6 milion, and total debt of $6.7 million. Assume the profit margin is 8 percent. What is the company's net income? (Do not round intermediate calculations. Enter your answer in dollars not in millions, e.g., 1,234,567.) Net income $ 1,600,000 What is the companys ROA? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROA 9.09 % What is the company's...
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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x Days sales outstanding: 36.5 days Inventory turnover ratio: 5x Fixed assets turnover: 3.0x Current ratio: 2.0x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales-30% Calculation is based on a 365-day year Do not round intermediate calculations. Round your answers to the nearest dollar Balance Sheet Cash Current liabilities $ Accounts receivable Long-term debt 45,000 Inventories Common stock Fixed assets Retained earnings...
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