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Can someone help me with
questions 1-4 please? Thanks
1.Ash Company reported sales of $400,000 for...
Ally's Company reported the following data: 2018 2019 Sales $3,000,000 $4,800,000 Net Income $300,000 $400,000 Assets...
Ally's Company reported the following data: 2018 2019 Sales $3,000,000 $4,800,000 Net Income $300,000 $400,000 Assets at year end $1,800,000 $2,500,000 Liabilities at year end $1,200,000 $1,700,000 What is Ally’s asset turnover for 2019? 1.97 1.92 2.23 2.67
Need Help on these questions, Please. Thanks! USE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE...
Need Help on these questions, Please. Thanks!
USE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW TO ANSWER QUESTIONS 31 through 34 60 Number of shares outstanding Sales Gross profit margin Inventory turnover ratio Notes payable Net profit margin Return on assets 15,000 $200,000 20% 4 $10,000 15% 7.5% Average collection period (days) Accounts payable days Retained earnings (2018) Dividend payout ratio Accruals Current ratio Debt ratio 90 $23,700 80% $5,000 1.5 40% Note: Of total sales, 60...
1. All of the following are reported as current liabilities except a. accounts payable. b. bonds...
1. All of the following are reported as current liabilities except a. accounts payable. b. bonds payable. c. notes payable. d. unearned revenues. 2. The relationship between current liabilities and current assets is a. useful in determining income. b. useful in evaluating a company's liquidity. c. called the matching principle. d. useful in determining the amount of a company's long-term debt. 3. Most companies pay current liabilities a. out of current assets. b. by issuing interest-bearing notes payable. c. by...
can someone help please Grove Inc. is a publicly-traded chemical company that reported the following financial...
can someone help please
Grove Inc. is a publicly-traded chemical company that reported
the following financial statements for the most recent year.
Income Statement: Most Recent Year (in $ millions)
$1,000.00 $750.00 Revenues - Operating Expenses (includes $150 million in depreciation) EBIT - Interest Expenses Taxable income - Taxes Net Income $250.00 $50.00 $200.00 $60.00 $140.00 Balance Sheet: Start of year Cash $- Current liabilities Other Current Assets $1,000 Debt Fixed Assets $1,250 Equity Total $2,250 $500 $250 $1,500 $2,250...
3. The Susan and Susan, a retail clothier, has had average sales of $400,000 for the...
3. The Susan and Susan, a retail clothier, has had average sales of $400,000 for the last five years, 2019-2015. The firm's total assets at the end of 2017 were $400,000. An internal staff cost analyst has prepared the following financial data from the annual reports. You have been hired as a consultant to help analyze the financial position. Current Ratio Acid Test Ratio Days' Sales in Receivables Merchandise Inventory Turnover Debt Ratio Times Interest Earned Sales as a Percent...
Ash Company reported sales of $530,000 for Year 1, $580,000 for Year 2 and $630,000 for...
Ash Company reported sales of $530,000 for Year 1, $580,000 for Year 2 and $630,000 for Year 3. Using Year 1 as the bose year, what is the revenue tren 118.9% for Year 2 and 109.4% for Year 3. 109.4% for Year 2 and 118.9% for Year 3. 910% for Year 2 and 92.1% for Year 3. O 841% for Year 2 and 92,1% for Year 3. 0 910% for Year 2 and 84.1% for Year 3 value: 5.00 points...
Can someone show me how to do this? Thanks you Cullumber Medical manufactures hospital beds and...
Can someone show me how to do this? Thanks you
Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Cullumber Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash $400,000 $417,500 Accounts receivable, net 1,056,000 776,400 Inventory 721,000 681,050 Other current assets 381,300 247,050 Total current assets 2,558,300 2,122,000 Property, plant, & equipment, net 8,710,235 8,439,930 Total assets $11,268,535 $10,561,930 Liabilities and...
This year, Sampson Company reported total assets of $2,350,000, total liabilities of $700,000, and total stockholders’...
This year, Sampson Company reported total assets of $2,350,000, total liabilities of $700,000, and total stockholders’ equity of $1,650,000. Last year, it reported total assets of $1,650,000, total liabilities of $650,000, and total stockholders’ equity of $1,000,000. For the two years, average total assets were $2,000,000 and average total stockholders’ equity was $1,325,000. Compute the equity multiplier. A. 1.51 B. 1.42 C. 0.42 D. 0.51 Match the term and the definition Terms 1. Indicates the relative proportions of debt and...
can someone help me with M and N please thank you Financial statements for Fanning Company...
can someone help me with M and N please
thank you
Financial statements for Fanning Company follow FANNING COMPANY Balance Sheets As of December 31 2019 2018 25.000 241,000 208.000 280,000 31,000 $584 000 26.000 $524 000 $ Current assets Cash Marketable securities Accounts receivable net) Inventories Prepaid items Total current assets Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liable Notes payable Accounts payable Salaries payable Total current a s Noncurrenties Bonds payable Other Total...
can someone help me with G H I and O please Financial statements for Fanning Company...
can someone help me with
G H I and O please
Financial statements for Fanning Company follow FANNING COMPANY Balance Sheets As of December 31 2019 2018 25.000 241,000 208.000 280,000 31,000 $584 000 26.000 $524 000 $ Current assets Cash Marketable securities Accounts receivable net) Inventories Prepaid items Total current assets Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liable Notes payable Accounts payable Salaries payable Total current a s Noncurrenties Bonds payable Other Total...
Need Help on these questions, Please. Thanks!
USE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW TO ANSWER QUESTIONS 31 through 34 60 Number of shares outstanding Sales Gross profit margin Inventory turnover ratio Notes payable Net profit margin Return on assets 15,000 $200,000 20% 4 $10,000 15% 7.5% Average collection period (days) Accounts payable days Retained earnings (2018) Dividend payout ratio Accruals Current ratio Debt ratio 90 $23,700 80% $5,000 1.5 40% Note: Of total sales, 60...
can someone help please
Grove Inc. is a publicly-traded chemical company that reported
the following financial statements for the most recent year.
Income Statement: Most Recent Year (in $ millions)
$1,000.00 $750.00 Revenues - Operating Expenses (includes $150 million in depreciation) EBIT - Interest Expenses Taxable income - Taxes Net Income $250.00 $50.00 $200.00 $60.00 $140.00 Balance Sheet: Start of year Cash $- Current liabilities Other Current Assets $1,000 Debt Fixed Assets $1,250 Equity Total $2,250 $500 $250 $1,500 $2,250...
3. The Susan and Susan, a retail clothier, has had average sales of $400,000 for the last five years, 2019-2015. The firm's total assets at the end of 2017 were $400,000. An internal staff cost analyst has prepared the following financial data from the annual reports. You have been hired as a consultant to help analyze the financial position. Current Ratio Acid Test Ratio Days' Sales in Receivables Merchandise Inventory Turnover Debt Ratio Times Interest Earned Sales as a Percent...
Ash Company reported sales of $530,000 for Year 1, $580,000 for Year 2 and $630,000 for Year 3. Using Year 1 as the bose year, what is the revenue tren 118.9% for Year 2 and 109.4% for Year 3. 109.4% for Year 2 and 118.9% for Year 3. 910% for Year 2 and 92.1% for Year 3. O 841% for Year 2 and 92,1% for Year 3. 0 910% for Year 2 and 84.1% for Year 3 value: 5.00 points...
Can someone show me how to do this? Thanks you
Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Cullumber Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash $400,000 $417,500 Accounts receivable, net 1,056,000 776,400 Inventory 721,000 681,050 Other current assets 381,300 247,050 Total current assets 2,558,300 2,122,000 Property, plant, & equipment, net 8,710,235 8,439,930 Total assets $11,268,535 $10,561,930 Liabilities and...
can someone help me with M and N please
thank you
Financial statements for Fanning Company follow FANNING COMPANY Balance Sheets As of December 31 2019 2018 25.000 241,000 208.000 280,000 31,000 $584 000 26.000 $524 000 $ Current assets Cash Marketable securities Accounts receivable net) Inventories Prepaid items Total current assets Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liable Notes payable Accounts payable Salaries payable Total current a s Noncurrenties Bonds payable Other Total...
can someone help me with
G H I and O please
Financial statements for Fanning Company follow FANNING COMPANY Balance Sheets As of December 31 2019 2018 25.000 241,000 208.000 280,000 31,000 $584 000 26.000 $524 000 $ Current assets Cash Marketable securities Accounts receivable net) Inventories Prepaid items Total current assets Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liable Notes payable Accounts payable Salaries payable Total current a s Noncurrenties Bonds payable Other Total...
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