please I requested you to plz provide me a full step by step detail of solution . because for my understanding
Homework Answers
8. Total Asset turnover :
Sales/ total asset
= $750,000/ total assets = 2.5
Total assets = $3,00,000
Cash = 2% * total asset
Cash = $6,000
Accounts receivables turnover :
Net sales / average accounts receivables = 10
$750,000/ average accounts receivables = 10
Average accounts receivables = $75,000
Inventory turnover :
sales/ average inventory = 15
$750,000/ average inventory = 15
Average inventory = $50,000
Current ratio = 2
Current assets / current liabilities = 2
Current assets:
Cash + accounts receivables + inventory
= $6,000 + $75,000 + $50,000
= $131,000
So, fixed assets = $3,00,000 - $131,000
= $169,000
So, current liabilities = $131,000 /2
= $65,500
Debt/ total asset = 45%
Debt = 45% * total asset
= $1,35,000
So, the net worth = total assets - total debt
= $3,00,000 - $1,35,000
= $1,65,000
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please I requested you to plz provide me a full step
by step detail of solution...
please solve step by step in full detail of solution steps. for my understanding. Q No....
please solve step by step in full detail of solution
steps. for my understanding.
Q No. 7 Illinois Paper Products Balance Sheet As at 31-Dec-01 Assets Cash Receivables Inventory Liabilities & Equity Current Liabilities Long Term Debt Total Debt Common Equity Total Claims $ 700,000 Plant Total Assets Total debt to Net Worth Total Asset Turnover Inventory Turnover days Average Collection Period Current Ratio Quick Ratio
The Griggs Corporation has credit sales of $1,075,900 Total assets turnover Cash to total assets Accounts...
The Griggs Corporation has credit sales of $1,075,900 Total assets turnover Cash to total assets Accounts receivable turnover Inventory turnover Current ratio Debt to total assets 2.90 times 1.30 % 10 times 14 times 1.88 times 45 % Using the above ratios, complete the balance sheet. (Round your answers to the nearest whole dollar.) GRIGGS CORPORATION Balance Sheet Assets Liabilities and Stockholders' Equity Cash Accounts receivable Inventory Current debt Long-term debt Total debt Total current assets Fixed assets Equity Total...
The Griggs Corporation has credit sales of $845,250 2.45 times Total assets turnover Cash to total...
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The Griggs Corporation has credit sales of $1,075,900 Total assets turnover Cash to total assets Accounts...
The Griggs Corporation has credit sales of $1,075,900 Total assets turnover Cash to total assets Accounts receivable turnower 2.90 times 1.30% Inventory turnover Current ratio Debt to total assets 10 times 4 times 1.83 times 45% Using the above ratios, complete the balance sheet. (Round your answers to the nearest whole number.) GRIGGS CORPORATION Balance Sheet Assets Liabilities and Stockholders' Equity Cash Accounts receivable Inventory Current debt Long-term debt Total debt Total current assets Fixed assets Equity Total assets Total...
1. You are provided with the following information about the Heartland Hotel Corporation. Calculate the balance...
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step by step with formuls plz The Davidson Corporation's balance sheet and income statement are provided here. Dav...
step by step with formuls plz
The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2012 (Millions of Dollars) ASSETS LIABILITIES AND EQUITY Accounts payable Notes payable Accruals $15 515 Cash and marketable securities $120 220 Accounts receivable Inventories 880 $1,410 2,590 280 $620 1.520 $2,140 Common stock (100 million shares) 260 1.600 $1.860 Total liabilities and equity $4.000 Total current assets Total current liabilities Net plant and equipment Long-term...
Cadux Candy Company's income statement for the year ended December 31, 2021, reported interest expense of...
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Cadux Candy Company's income statement for the year ended December 31, 2021, reported interest expense of...
Cadux Candy Company's income statement for the year ended December 31, 2021, reported interest expense of $3 million and income tax expense of $20 million. Current assets listed in its balance sheet include cash, accounts receivable, and inventory. Property, plant, and equipment is the company's only noncurrent asset. Financial ratios for 2021 are listed below. Profitability and turnover ratios with balance sheet items in the denominator were calculated using year-end balances rather than averages. Debt to equity ratio Current ratio...
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Current ratio = 2.6 times Credit sales $1,314m Average collection period 50 days Inventory turnover 1.50 times Total asset turnover 0.50 times Debt ratio 75% Use the above information to complete the balance sheet below. (Enter your answer in millions. Use 365 days a year.) Cash million million Current liabilities Accounts receivable $ 670 million million Long-term debt Inventory million 0 million Total debt Current assets 670 million million Stockholders' equity million 670 million Fixed assets $ 0 million Total...
plz solve step by step with formulas A firm has been experiencing low profitability in recent...
plz
solve step by step with formulas
A firm has been experiencing low profitability in recent years. Perform an analysis of the firm's financial position using the DuPont equation. The firm has no lease payments but has a $2 million sinking fund payment on its debt. The most recent industry average ratios, and Ferri's financial statements, are as follows: INDUSTRY AVERAGE RATIOS 3% Current ratio Debt/total assets Times interest earned EBITDA coverage Sales/inventory Days sales outstandinge Sales/fixed assets 30% Sales/total...
please solve step by step in full detail of solution
steps. for my understanding.
Q No. 7 Illinois Paper Products Balance Sheet As at 31-Dec-01 Assets Cash Receivables Inventory Liabilities & Equity Current Liabilities Long Term Debt Total Debt Common Equity Total Claims $ 700,000 Plant Total Assets Total debt to Net Worth Total Asset Turnover Inventory Turnover days Average Collection Period Current Ratio Quick Ratio
The Griggs Corporation has credit sales of $1,075,900 Total assets turnover Cash to total assets Accounts receivable turnover Inventory turnover Current ratio Debt to total assets 2.90 times 1.30 % 10 times 14 times 1.88 times 45 % Using the above ratios, complete the balance sheet. (Round your answers to the nearest whole dollar.) GRIGGS CORPORATION Balance Sheet Assets Liabilities and Stockholders' Equity Cash Accounts receivable Inventory Current debt Long-term debt Total debt Total current assets Fixed assets Equity Total...
The Griggs Corporation has credit sales of $845,250 2.45 times Total assets turnover Cash to total assets Accounts receivable turnover Inventory turnover Current ratio Debt to total assets 2.00 % 10 times 12 times 1.86 times 35 % Using the above ratios, complete the balance sheet. (Round your answers to the nearest whole number.) GRIGGS CORPORATION Balance Sheet Assets Liabilities and Stockholders' Equity Current debt Cash Accounts receivable Inventory Long-term dett Total debt Total current assets Fixed assets Equity Total...
The Griggs Corporation has credit sales of $1,075,900 Total assets turnover Cash to total assets Accounts receivable turnower 2.90 times 1.30% Inventory turnover Current ratio Debt to total assets 10 times 4 times 1.83 times 45% Using the above ratios, complete the balance sheet. (Round your answers to the nearest whole number.) GRIGGS CORPORATION Balance Sheet Assets Liabilities and Stockholders' Equity Cash Accounts receivable Inventory Current debt Long-term debt Total debt Total current assets Fixed assets Equity Total assets Total...
1. You are provided with the following information about the Heartland Hotel Corporation. Calculate the balance sheet highlighted in blue below for the end of the year for Heartland Hotel Corporation. Current Ratio 1.2 Current liabilities $100,000 Debt/Equity Ratio Acid Test Ratio Inventory turnover ratio 4 times Cost of goods sold $160,000 Accounts receivable $ 40,000 Net income $90,000 Return on assets 10% 2.0 Liabilities 1) Assets Cash Accts Receivable Inventory Total Current Assets 2) 3) 4) Total Current Liabilities...
step by step with formuls plz
The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2012 (Millions of Dollars) ASSETS LIABILITIES AND EQUITY Accounts payable Notes payable Accruals $15 515 Cash and marketable securities $120 220 Accounts receivable Inventories 880 $1,410 2,590 280 $620 1.520 $2,140 Common stock (100 million shares) 260 1.600 $1.860 Total liabilities and equity $4.000 Total current assets Total current liabilities Net plant and equipment Long-term...
Cadux Candy Company's income statement for the year ended December 31, 2021, reported interest expense of $9 million and income tax expense of $26 million. Current assets listed in its balance sheet include cash, accounts receivable, and inventory. Property, plant, and equipment is the company's only noncurrent asset. Financial ratios for 2021 are listed below. Profitability and turnover ratios with balance sheet items in the denominator were calculated using year-end balances rather than averages. Debt to equity ratio Current ratio...
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Current ratio = 2.6 times Credit sales $1,314m Average collection period 50 days Inventory turnover 1.50 times Total asset turnover 0.50 times Debt ratio 75% Use the above information to complete the balance sheet below. (Enter your answer in millions. Use 365 days a year.) Cash million million Current liabilities Accounts receivable $ 670 million million Long-term debt Inventory million 0 million Total debt Current assets 670 million million Stockholders' equity million 670 million Fixed assets $ 0 million Total...
plz
solve step by step with formulas
A firm has been experiencing low profitability in recent years. Perform an analysis of the firm's financial position using the DuPont equation. The firm has no lease payments but has a $2 million sinking fund payment on its debt. The most recent industry average ratios, and Ferri's financial statements, are as follows: INDUSTRY AVERAGE RATIOS 3% Current ratio Debt/total assets Times interest earned EBITDA coverage Sales/inventory Days sales outstandinge Sales/fixed assets 30% Sales/total...
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