Homework Answers
Fixed asset turnover ratio
| Numerator | Net sales | = | 4,111,100 | = | 0.49 |
| Denominator | Average fixed assets | 8,390,000 |
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Chapter 9 exercises Saved 00 The following information was reported by Amuse Yourself Parks (AYP): car)...
The following information was reported by Amuse Yourself Parks (AYP): Net fixed assets (beginning of year)...
The following information was reported by Amuse Yourself Parks (AYP): Net fixed assets (beginning of year) Net fixed assets (end of year) Net sales for the year Net income for the year $8,510,000 8,310,000 4,289,180 1,850,000 Compute the company's fixed asset turnover ratio for the year. Fixed Asset Turnover Ratio Numerator Denominator
Chapter 07 Homework i Saved The following information is from the annual financial statements of Raheem...
Chapter 07 Homework i Saved The following information is from the annual financial statements of Raheem Company. Net sales Accounts receivable, net (year-end) Year 3 $495,000 37,900 Year 2 Year 1 $426,000 $ 481,000 35,700 32,400 points Compute its accounts receivable turnover for Year 2 and Year 3. eBook Choose Numerator: Choose Denominator: Accounts Receivable Turnover Accounts receivable turnover times Hint I = Year 2: Year 3: times Print References
Chapter 05 Homework i Saved The following is information for Palmer Co. Cost of goods sold...
Chapter 05 Homework i Saved The following is information for Palmer Co. Cost of goods sold Ending inventory Year 3 $638,825 96,900 Year 2 $ 421,650 87,250 Year 1 $386,300 92,000 points Use the above information to compute inventory turnover for year 3 and year 2, and its days' sales in inventory at December 31, year 3 and year 2. eBook Hint Print (a) Use the above information to compute inventory turnover for year 2, and its days' sales in...
Chapter 9 Exercises i Saved Use the following information from separate companies a through d. 1.35...
Chapter 9 Exercises i Saved Use the following information from separate companies a through d. 1.35 points osvo Net Income (Loss) $164,000 158,600 139,400 167,100 Interest Expense $67,240 45,994 36, 244 11,697 Income Taxes $41,000 57,096 58,548 80,208 eBook Compute times interest earned. Which company indicates the strongest ability to pay interest expense as it comes due? Complete this question by entering your answers in the tabs below. Hint Times Interest Earned Ratio Interest Coverage Print Compute times interest earned....
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Chapter 08 Homework i Saved 00 L Required information [The following information applies to the questions displayed below.) Part 1 of 2 On April 1, 2017, Cyclone's Backhoe Co. purchases a trencher for $290,000. The machine is expected to last five years and have a salvage value of $45,000. points Compute depreciation expense for both years ending December 2017 and 2018 assuming the company uses the straight-line method. eBook Choose Numerator: 1 Choose Denominator: = = Annual Depreciation Annual depreciation...
Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in...
Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its 2016 financial statements ($ in millions): 2016 2015 $ 466 $ 557 Balance sheets Property, plant, and equipment (net) Income statement Net sales for 2016 $ 5,010 Required: 1. Calculate the company's 2016 fixed-asset turnover ratio. (Enter your answers in millions rounded to one decimal place.) Choose Numerator: Current assets Fixed-asset Turnover Ratio 1 Choose Denominator: = Fixed-asset Turnover Ratio / = Fixed-asset...
Chapter 9 Problems i Saved Required information [The following information applies to the questions displayed below.)...
Chapter 9 Problems i Saved Required information [The following information applies to the questions displayed below.) 1.64 points Shown here are condensed income statements for two different companies (assume no income taxes). Miller Company Sales $1,500,000 Variable expenses (80%) 1,200,000 Income before interest 300,000 Interest expense (fixed) 68,000 Net income $ 232,000 eBook Print Weaver Company Sales Variable expenses (60%) Income before interest Interest expense (fixed) Net income $1,500,000 900,000 600,000 368,000 $ 232,000 Required: 1. Compute times interest earned...
Chapter 10 Homeworki Saved 10 Montclair Company is considering a project that will require a $600,000...
Chapter 10 Homeworki Saved 10 Montclair Company is considering a project that will require a $600,000 loan. It presently has total liabilities of $170,000, and total assets of $670,000. 1. Compute Montclair's (a) present debt-to-equity ratio and (b) the debt-to-equity ratio assuming it borrows $600,000 to fund the project. polnts Choose Denominator: Choose Numerator: Debt-to-Equity Ratio / еВook (a) (b) / Print References
Chapter 3 Exercises A Saved 1. Calculate the current ratio for each of the following companies....
Chapter 3 Exercises A Saved 1. Calculate the current ratio for each of the following companies. (Round your answers to 2 decimal places.) 17 Current Ratio points $ Edison MAXT Current Assets 72,000 95,760 40,608 77,976 55,368 Current Liabilities $ 38,298 92,276 59,178 99,464 121,699 Chatter eBook TRU Gleeson Hint Print 2. Identify the company with the strongest liquidity position. (These companies are competitors in the same industry.) Edison ОМАХТ Chatter OTRU Gleeson
Chapter 11 Exercises i Saved Selected operating data for two divisions of Outback Brewing, Ltd., of...
Chapter 11 Exercises i Saved Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: points Division New South Queensland Wales Sales $2,176,000 $3,445,000 Average operating assets $ 640,000 $ 650,000 Net operating income $ 250, 240 $ 275,600 Property, plant, and $ 264,000 $ 214,000 equipment (net) eBook Hint Required: 1. Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover. 2....
The following information was reported by Amuse Yourself Parks (AYP): Net fixed assets (beginning of year) Net fixed assets (end of year) Net sales for the year Net income for the year $8,510,000 8,310,000 4,289,180 1,850,000 Compute the company's fixed asset turnover ratio for the year. Fixed Asset Turnover Ratio Numerator Denominator
Chapter 07 Homework i Saved The following information is from the annual financial statements of Raheem Company. Net sales Accounts receivable, net (year-end) Year 3 $495,000 37,900 Year 2 Year 1 $426,000 $ 481,000 35,700 32,400 points Compute its accounts receivable turnover for Year 2 and Year 3. eBook Choose Numerator: Choose Denominator: Accounts Receivable Turnover Accounts receivable turnover times Hint I = Year 2: Year 3: times Print References
Chapter 05 Homework i Saved The following is information for Palmer Co. Cost of goods sold Ending inventory Year 3 $638,825 96,900 Year 2 $ 421,650 87,250 Year 1 $386,300 92,000 points Use the above information to compute inventory turnover for year 3 and year 2, and its days' sales in inventory at December 31, year 3 and year 2. eBook Hint Print (a) Use the above information to compute inventory turnover for year 2, and its days' sales in...
Chapter 9 Exercises i Saved Use the following information from separate companies a through d. 1.35 points osvo Net Income (Loss) $164,000 158,600 139,400 167,100 Interest Expense $67,240 45,994 36, 244 11,697 Income Taxes $41,000 57,096 58,548 80,208 eBook Compute times interest earned. Which company indicates the strongest ability to pay interest expense as it comes due? Complete this question by entering your answers in the tabs below. Hint Times Interest Earned Ratio Interest Coverage Print Compute times interest earned....
Chapter 08 Homework i Saved 00 L Required information [The following information applies to the questions displayed below.) Part 1 of 2 On April 1, 2017, Cyclone's Backhoe Co. purchases a trencher for $290,000. The machine is expected to last five years and have a salvage value of $45,000. points Compute depreciation expense for both years ending December 2017 and 2018 assuming the company uses the straight-line method. eBook Choose Numerator: 1 Choose Denominator: = = Annual Depreciation Annual depreciation...
Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its 2016 financial statements ($ in millions): 2016 2015 $ 466 $ 557 Balance sheets Property, plant, and equipment (net) Income statement Net sales for 2016 $ 5,010 Required: 1. Calculate the company's 2016 fixed-asset turnover ratio. (Enter your answers in millions rounded to one decimal place.) Choose Numerator: Current assets Fixed-asset Turnover Ratio 1 Choose Denominator: = Fixed-asset Turnover Ratio / = Fixed-asset...
Chapter 9 Problems i Saved Required information [The following information applies to the questions displayed below.) 1.64 points Shown here are condensed income statements for two different companies (assume no income taxes). Miller Company Sales $1,500,000 Variable expenses (80%) 1,200,000 Income before interest 300,000 Interest expense (fixed) 68,000 Net income $ 232,000 eBook Print Weaver Company Sales Variable expenses (60%) Income before interest Interest expense (fixed) Net income $1,500,000 900,000 600,000 368,000 $ 232,000 Required: 1. Compute times interest earned...
Chapter 10 Homeworki Saved 10 Montclair Company is considering a project that will require a $600,000 loan. It presently has total liabilities of $170,000, and total assets of $670,000. 1. Compute Montclair's (a) present debt-to-equity ratio and (b) the debt-to-equity ratio assuming it borrows $600,000 to fund the project. polnts Choose Denominator: Choose Numerator: Debt-to-Equity Ratio / еВook (a) (b) / Print References
Chapter 3 Exercises A Saved 1. Calculate the current ratio for each of the following companies. (Round your answers to 2 decimal places.) 17 Current Ratio points $ Edison MAXT Current Assets 72,000 95,760 40,608 77,976 55,368 Current Liabilities $ 38,298 92,276 59,178 99,464 121,699 Chatter eBook TRU Gleeson Hint Print 2. Identify the company with the strongest liquidity position. (These companies are competitors in the same industry.) Edison ОМАХТ Chatter OTRU Gleeson
Chapter 11 Exercises i Saved Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: points Division New South Queensland Wales Sales $2,176,000 $3,445,000 Average operating assets $ 640,000 $ 650,000 Net operating income $ 250, 240 $ 275,600 Property, plant, and $ 264,000 $ 214,000 equipment (net) eBook Hint Required: 1. Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover. 2....
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