Homework Answers
Current ratio = Current assets / current liabilities
3.5 = 840,000 / current liabilities
current liabilities = 240,000
Quick ratio = (cash and marketable securities + receivables) /current liabilites
1.2 = (115,000 + receivables) / 240,000
288,000 = 115,000 + receivables
receivables = 173,000
Days in sales outstanding = 365 / receivables ratio
36.5 = 365 / receivables ratio
receivables ratio = 10
Receivables ratio = Sales / receivables
10 = Sales /173,000
Sales = $1,730,000
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12. Problem 7-12 (Comprehensive Ratio Calculations) eBook Comprehensive Ratio Calculations The Kretovich Company had a quick...
(Balance Sheet Analysis
Complete the balance sheet and sales information using the following financial data:Total assets turnover: 1.3×Days sales outstanding: 36.5 daysa Inventory turnover ratio: 5×Fixed assets turnover: 3.0×Current ratio: 2.5×Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 35%aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar.Snip20200916_1.png
13. Problem 4.22 Click here to read the eBook: Ratio Analysis Click here to read the...
13. Problem 4.22 Click here to read the eBook: Ratio Analysis Click here to read the eBook: Liquidity Ratios Click here to read the eBook: Asset Management Ratios Click here to read the eBook: Profitability Ratios Problem Walk-Through BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 30.5 daysa Inventory turnover ratio: 4x Fixed assets turnover: 3.5x Current ratio: 2.1x Gross profit margin on sales: (Sales -...
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2×...
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2× Days sales outstanding: 36.5 daysa Inventory turnover ratio: 5× Fixed assets turnover: 3.0× Current ratio: 2.0× Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 20% aCalculation 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 67,500 Inventories Common stock ...
Mandesa, Inc. has current liabilities of $9,400,000, current ratio of 1.8 times, inventory turnover of 10...
Mandesa, Inc. has current liabilities of $9,400,000, current ratio of 1.8 times, inventory turnover of 10 times, average collection period of 44 days, and credit sales of $65,400,000. Calculate the value of cash and marketable securities. (Use 365 days a year. Do not round your intermediate calculations. Round your final answer to the nearest dollar amount.)
Problem 3-16 Liquidity and Asset Management Ratios (LG 3-1, LG 3-2) Mandesa, Inc. has current liabilities...
Problem 3-16 Liquidity and Asset Management Ratios (LG 3-1, LG 3-2) Mandesa, Inc. has current liabilities of $9,200,000, current ratio of 2.0 times, inventory turnover of 12 times, average collection period of 42 days, and credit sales of $65,200,000. Calculate the value of cash and marketable securities. (Use 365 days a year. Do not round your intermediate calculations. Round your final answer to the nearest dollar amount.) Cash and marketable securities
Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for...
Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for J. White Industries using the following financial data: Total assets turnover: 2.3 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 30% Total liabilities-to-assets ratio: 45% Quick ratio: 1.25 Days' sales outstanding (based on 365-day year): 36.5 days Inventory turnover ratio: 3.00 Do not round intermediate calculations. Round your answers to the nearest whole dollar. Partial Income Statement Information Sales Cost...
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x...
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...
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x...
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: 4x Fixed assets turnover: 3.0x Current ratio: 2.0x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales - 30% aCalculation is based on a 365-day year. Do not round Intermediate calculations. Round your answers to the nearest dollar Balance Sheet Cash $ $ Current liabilities 78,000 Accounts receivable Long-term debt Inventories Common stock Fixed...
NEED ANSWER ASAP / ANSWER NEVER USED BEFORE, COMPLETELY NEW ANSWER PLEASE Comprehensive Ratio Analysis Data...
NEED ANSWER ASAP / ANSWER NEVER USED BEFORE, COMPLETELY
NEW ANSWER PLEASE
Comprehensive Ratio Analysis Data for Lozano Chip Company and its industry averages follow. Lozano Chip Company: Balance Sheet as of December 31, 2019 (Thousands of Dollars) $ 235,000 $ 600,000 Cash Accounts payable Receivables 1,575,000 Notes payable 100,000 Inventories 1,160,000 Other current liabilities 560,000 Total current assets $2,970,000 Total current liabilities $1,260,000 Net fixed assets Long-term debt 1,355,000 400,000 Common equity 2,665,000 Total assets Total liabilities and equity...
Comprehensive Ratio Analysis Data for Lozano Chip Company and its industry averages follow. Lozano Chip Company:...
Comprehensive Ratio Analysis Data for Lozano Chip Company and its industry averages follow. Lozano Chip Company: Balance Sheet as of December 31, 2019 (Thousands of Dollars) Cash $ 225,000 Accounts payable $ 600,000 Receivables 1,575,000 Notes payable 100,000 Inventories 1,130,000 Other current liabilities 515,000 Total current assets $2,930,000 Total current liabilities $1,215,000 Net fixed assets 1,335,000 Long-term debt 400,000 Common equity 2,650,000 Total assets $4,265,000 Total liabilities and equity $4,265,000 Lozano Chip Company: Income Statement for Year Ended December 31,...
13. Problem 4.22 Click here to read the eBook: Ratio Analysis Click here to read the eBook: Liquidity Ratios Click here to read the eBook: Asset Management Ratios Click here to read the eBook: Profitability Ratios Problem Walk-Through BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 30.5 daysa Inventory turnover ratio: 4x Fixed assets turnover: 3.5x Current ratio: 2.1x Gross profit margin on sales: (Sales -...
Problem 3-16 Liquidity and Asset Management Ratios (LG 3-1, LG 3-2) Mandesa, Inc. has current liabilities of $9,200,000, current ratio of 2.0 times, inventory turnover of 12 times, average collection period of 42 days, and credit sales of $65,200,000. Calculate the value of cash and marketable securities. (Use 365 days a year. Do not round your intermediate calculations. Round your final answer to the nearest dollar amount.) Cash and marketable securities
Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for J. White Industries using the following financial data: Total assets turnover: 2.3 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 30% Total liabilities-to-assets ratio: 45% Quick ratio: 1.25 Days' sales outstanding (based on 365-day year): 36.5 days Inventory turnover ratio: 3.00 Do not round intermediate calculations. Round your answers to the nearest whole dollar. Partial Income Statement Information Sales Cost...
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...
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: 4x Fixed assets turnover: 3.0x Current ratio: 2.0x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales - 30% aCalculation is based on a 365-day year. Do not round Intermediate calculations. Round your answers to the nearest dollar Balance Sheet Cash $ $ Current liabilities 78,000 Accounts receivable Long-term debt Inventories Common stock Fixed...
NEED ANSWER ASAP / ANSWER NEVER USED BEFORE, COMPLETELY
NEW ANSWER PLEASE
Comprehensive Ratio Analysis Data for Lozano Chip Company and its industry averages follow. Lozano Chip Company: Balance Sheet as of December 31, 2019 (Thousands of Dollars) $ 235,000 $ 600,000 Cash Accounts payable Receivables 1,575,000 Notes payable 100,000 Inventories 1,160,000 Other current liabilities 560,000 Total current assets $2,970,000 Total current liabilities $1,260,000 Net fixed assets Long-term debt 1,355,000 400,000 Common equity 2,665,000 Total assets Total liabilities and equity...
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