Homework Answers
| Ans. | Current ratio = Total currrent assets / Current liabilities | ||
| $2,786 / $19,641 | |||
| 0.14 : 1 | |||
| *Calculation of Total current assets for Year 2: | |||
| Cash | $1,316 | ||
| Prepaid expenses | $522 | ||
| Accounts receivables | $250 | ||
| Inventory | $698 | ||
| Total current assets (a) | $2,786 | ||
| *Calculation of Total current liabilities for Year 2: | |||
| Accounts payable | $743 | ||
| Unredeemed gift cards | $850 | ||
| Notes payable | $18,048 | ||
| Total current liabilities (a) | $19,641 | ||
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Question 2 0/1 pts What is the company's current ratio for Year 2? Round your final...
1. For a horizontal analysis, what is the percent change in revenues for year 3? Convert...
1. For a horizontal analysis, what is the percent change in
revenues for year 3? Convert your final answer to a percentage, and
round one decimal place.
2. What is the company's current ratio for year 2? Round your
final answer to two decimal places.
The Hill Company reported the following results: Year 3 Year 2 Year 1 Income Statement 10,972 11,598 8,767 10,470 7,901 8,942 Revenue Cost of Goods Sold Selling, General & Admin. Expenses Interest expense Net Income...
The Hill Company reported the following results: Year 3 Year 2 Year 1 Income Statement Revenue...
The Hill Company reported the following results: Year 3 Year 2 Year 1 Income Statement Revenue 10,972 11,598 10,470 Cost of Goods Sold 8,942 8,767 7,901 Selling, General & Admin. Expenses 2,470 2,611 2,479 Interest expense 76 80 28 Net Income (516) 140 62 Balance Sheet Assets Cash 1,354 1,316 1,880 Prepaid expenses 202 522 125 Accounts receivable 375 250 231 Inventory 745 698 455 Property & equipment (net) 20,464 18,810 17,727 Total Assets 23,140 21,596 20,418 Liabilities Accounts payable...
The Hill Company reported the following results:
The Hill Company reported the following results: Year 3 Year 2 Year 1 Income Statement Revenue...The Hill Company reported the following results:Year 3Year 2Year 1Income StatementRevenue10,97211,59810,470Cost of Goods Sold8,9428,7677,901Selling, General & Admin. Expenses2,4702,6112,479Interest expense768028Net Income(516)14062Balance SheetAssetsCash1,3541,3161,880Prepaid expenses202522125Accounts receivable375250231Inventory745698455Property & equipment (net)20,46418,81017,727Total Assets23,14021,59620,418LiabilitiesAccounts payable2,824743678Unredeemed gift cards410850636Notes Payable15,45718,04817,024Stockholders' EquityCommon Stock985545815Retained Earnings3,4641,4101,265Total Liabilities & Equity23,14021,59620,418What is the company's days sales in accounts receivable ratio for Year 3? Round your final answer to one decimal place.
The Hill Company reported the following results: Year 3 Year 2 Year 1 Income Statement Revenue...
The Hill Company reported the following results: Year 3 Year 2 Year 1 Income Statement Revenue 10,972 11,598 10,470 Cost of Goods Sold 8,942 8,767 7,901 Selling, General & Admin. Expenses 2,470 2,611 2,479 Interest expense 76 80 28 Net Income (516) 140 62 Balance Sheet Assets Cash 1,354 1,316 1,880 Prepaid expenses 202 522 125 Accounts receivable 375 250 231 Inventory 745 698 455 Property & equipment (net) 20,464 18,810 17,727 Total Assets 23,140 21,596 20,418 Liabilities Accounts payable...
The Hill Company reported the following results: Year 3 Year 2 Year 1 Income Statement Revenue...
The Hill Company reported the following results: Year 3 Year 2 Year 1 Income Statement Revenue 10,972 11,598 10,470 Cost of Goods Sold 8,942 8,767 7,901 Selling, General & Admin. Expenses 2,470 2,611 2,479 Interest expense 76 80 28 Net Income (516) 140 62 Balance Sheet Assets Cash 1,354 1,316 1,880 Prepaid expenses 202 522 125 Accounts receivable 375 250 231 Inventory 745 698 455 Property & equipment (net) 20,464 18,810 17,727 Total Assets 23,140 21,596 20,418 Liabilities Accounts payable...
1. For a horizontal analysis, what is the percent change in
revenues for year 3? Convert your final answer to a percentage, and
round one decimal place.
2. What is the company's current ratio for year 2? Round your
final answer to two decimal places.
The Hill Company reported the following results: Year 3 Year 2 Year 1 Income Statement 10,972 11,598 8,767 10,470 7,901 8,942 Revenue Cost of Goods Sold Selling, General & Admin. Expenses Interest expense Net Income...
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