Homework Answers
10. Data for ABC is not given.
11. Option (C) is correct
Days' sales in inventory ratio tells how long it takes, on average, to entirely deplete the firm's inventory account.
12. Option (A) is correct
Income statement summarizes the firm's performance over a period of time.
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10. What is the current ratio for ABC in 2002? A) 1.97 B) 1.51 C) 1.23...
a. Current Ratio b. Quick Ratio c. Days Accounts Receivable d. Day Inventory e. Days Accounts...
a. Current Ratio b. Quick Ratio c. Days Accounts Receivable d. Day Inventory e. Days Accounts Payable f. Liabilities to Asset Ratio g. Liabilities to Shareholders’ Equity Ratio h. Long Term Debt Ratio to Long-Term Capital Ratio i. Operating Cash Flow to Total Liabilities Ratio j. Interest Coverage Ratio Apply those ratios to analyze Google financial position and provide clear interpretation on each ratio.
More Info X Х a. Current ratio b. Cash ratio c. Acid-test ratio d. Inventory turnover...
More Info X Х a. Current ratio b. Cash ratio c. Acid-test ratio d. Inventory turnover e. Days' sales in inventory f. Days' sales in receivables g. Gross profit percentage Print Done und intermediary calculations to two decimal places X XX and round your final answer to a. Compute the current ratio for the current year. (Abbreviations used: STI = Short-term investments. Round your answer to two decimal places, X.XX.) Current ratio b. Compute the ca: 365 days / Accounts...
uiek ratio to exceed the current ratio? iy moou the current ratio? 15. Interpret a working...
uiek ratio to exceed the current ratio? iy moou the current ratio? 15. Interpret a working capital requirement of S0. PROBLEMS For the problems, CCC-cash conversion cycle, DSo days' sales outstanding, DIH ld, and DPO days' payable outstanding. 1.) Suppose that a firm has a 30-day DSO. Determine the firm's DIlH if the operating cycle is days' inventory a. 30 days b. 60 days c. 80 days 2. Suppose that a firm has a 50-day DIH and a 30-day DPO....
For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) inventory turnover
Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) inventory turnover, (e) days' sales in inventory, and (f) days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be the better short-term credit risk.
prepare the following ratios for the current year. current ratio acid test ratio inventory turnover Days...
prepare the following ratios for the current
year.
current ratio
acid test ratio
inventory turnover
Days sales in average receivables.
- Х Requirements Virginia's Crafts has provided the following data: (Click the icon to view the financial information.) Read the requirements Compute the following ratios for the current year for Virginia's Crafts: a. Current ratio b. Acid-test ratio c. Inventory turnover d. Days' sales in average receivables (assume all sales are on credit) a. Current ratio Enter the formula on...
A. Required: 1. Please calculate the following ratios and amounts: a) working capital, b) current ratio,...
A.
Required:
1. Please calculate the following ratios and amounts: a) working
capital, b)
current ratio, c) acid-test ratio, d) cash to current liabilities
ratio, e) days’ sales
in receivables (based on ending accounts receivables), f) days’
sales in
inventory (based on cost of goods and ending inventory), g)
operating cycle,
h) total debt to equity ratio and i) times interest earned. For
your calculations,
assume that a year amounts for 360 days
The balance sheet and the income statement...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory outstanding (DIO), accounts receivable turnover, days' sales in average receivables or days' sales outstanding (DSO), accounts payable turnover, days' payable outstanding (DPO), and cash conversion cycle (in days). a. Use the cost of goods sold in the formula for accounts payable turnover. b. Use a 365-day year for calculations as needed. c. Use cell references from prior calculations, if applicable. (Always use cell references...
QUESTION 4 As a barometer of short-term liquidity the current ratio is limited by the nature...
QUESTION 4 As a barometer of short-term liquidity the current ratio is limited by the nature of its components. All of the following are reasons that this is true except: C A firm could have a high current ratio but not be able to meet demands for cash because inventory is salable only at discounted rices. C The balance sheet is prepared as of a particular date and the actual amount of liquid assets may vary considerably from the date...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory outstanding (DIO), accounts receivable turnover, days' sales in average receivables or days' sales outstanding (DSO), accounts payable turnover, days' payable outstanding (DPO), and cash conversion cycle (in days). a. Use the cost of goods sold in the formula for accounts payable turnover. b. Use a 365-day year for calculations as needed. c. Use cell references from prior calculations, if applicable. (Always use cell references...
Find current ratio, debt ratio and earnings per share Transactions a. Purchased merchandise inventory of $48,000...
Find current ratio, debt ratio and earnings per
share
Transactions a. Purchased merchandise inventory of $48,000 on account. b. Borrowed $127,000 on a long-term note payable. c. Issued 1,000 shares of common stock, receiving cash of $106,000. d. Received cash on account, $5,000 Data Table Cash S 21,000 79,000 186.000 639,000 102.000 38,000 49000 221.000 69 000 10/000 Accounts Receivable Net (Round Merchandise Inventory Total Assets Accounts Payable Accrued Liabilities Short-term Notes Payable Long-term Liabilities Net Income Common Shares Outstanding...
More Info X Х a. Current ratio b. Cash ratio c. Acid-test ratio d. Inventory turnover e. Days' sales in inventory f. Days' sales in receivables g. Gross profit percentage Print Done und intermediary calculations to two decimal places X XX and round your final answer to a. Compute the current ratio for the current year. (Abbreviations used: STI = Short-term investments. Round your answer to two decimal places, X.XX.) Current ratio b. Compute the ca: 365 days / Accounts...
uiek ratio to exceed the current ratio? iy moou the current ratio? 15. Interpret a working capital requirement of S0. PROBLEMS For the problems, CCC-cash conversion cycle, DSo days' sales outstanding, DIH ld, and DPO days' payable outstanding. 1.) Suppose that a firm has a 30-day DSO. Determine the firm's DIlH if the operating cycle is days' inventory a. 30 days b. 60 days c. 80 days 2. Suppose that a firm has a 50-day DIH and a 30-day DPO....
prepare the following ratios for the current
year.
current ratio
acid test ratio
inventory turnover
Days sales in average receivables.
- Х Requirements Virginia's Crafts has provided the following data: (Click the icon to view the financial information.) Read the requirements Compute the following ratios for the current year for Virginia's Crafts: a. Current ratio b. Acid-test ratio c. Inventory turnover d. Days' sales in average receivables (assume all sales are on credit) a. Current ratio Enter the formula on...
A.
Required:
1. Please calculate the following ratios and amounts: a) working
capital, b)
current ratio, c) acid-test ratio, d) cash to current liabilities
ratio, e) days’ sales
in receivables (based on ending accounts receivables), f) days’
sales in
inventory (based on cost of goods and ending inventory), g)
operating cycle,
h) total debt to equity ratio and i) times interest earned. For
your calculations,
assume that a year amounts for 360 days
The balance sheet and the income statement...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory outstanding (DIO), accounts receivable turnover, days' sales in average receivables or days' sales outstanding (DSO), accounts payable turnover, days' payable outstanding (DPO), and cash conversion cycle (in days). a. Use the cost of goods sold in the formula for accounts payable turnover. b. Use a 365-day year for calculations as needed. c. Use cell references from prior calculations, if applicable. (Always use cell references...
QUESTION 4 As a barometer of short-term liquidity the current ratio is limited by the nature of its components. All of the following are reasons that this is true except: C A firm could have a high current ratio but not be able to meet demands for cash because inventory is salable only at discounted rices. C The balance sheet is prepared as of a particular date and the actual amount of liquid assets may vary considerably from the date...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory outstanding (DIO), accounts receivable turnover, days' sales in average receivables or days' sales outstanding (DSO), accounts payable turnover, days' payable outstanding (DPO), and cash conversion cycle (in days). a. Use the cost of goods sold in the formula for accounts payable turnover. b. Use a 365-day year for calculations as needed. c. Use cell references from prior calculations, if applicable. (Always use cell references...
Find current ratio, debt ratio and earnings per
share
Transactions a. Purchased merchandise inventory of $48,000 on account. b. Borrowed $127,000 on a long-term note payable. c. Issued 1,000 shares of common stock, receiving cash of $106,000. d. Received cash on account, $5,000 Data Table Cash S 21,000 79,000 186.000 639,000 102.000 38,000 49000 221.000 69 000 10/000 Accounts Receivable Net (Round Merchandise Inventory Total Assets Accounts Payable Accrued Liabilities Short-term Notes Payable Long-term Liabilities Net Income Common Shares Outstanding...
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