Compute the following ratios: (Use a 360-day year. Do not round intermediate calculations. Round your answers to 2 decimal places. Input your debt-to-total assets answer as a percent rounded to 2 decimal places.)
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Compute the following ratios: (Use a 360-day year. Do not round intermediate calculations. Round your answers...
The balance sheet for Stud Clothiers is shown next. Sales for the year were $3,990,000, with 75 percent of sales sold on credit. STUD CLOTHIERS Balance Sheet 20X1 Assets Liabilities and Equity Cash Accounts receivable Inventory Plant and equipment $74,000 Accounts payable % 305,000 153,000 147,000 100,000 150,000 229,000 1,084,000 287,000 310,000 413,000 Accrued taxes Bonds payable (long-term) Common stock Paid-in capital Retained earnings Total assets $ 1,084,000 Total liabilities and equity Compute the following ratios: (Use a 360-day year....
The balance sheet for Stud Clothiers is shown next Sales for the year were $3,460,000, with 75 percent of sales sold on credit. STUD CLOTHIERS Balance sheet 2ex1 Assets Liabilities and Equity Cash $ 54,000 Accounts payable $ 287,000 Accounts receivable 348,000 Accrued taxes 93,000 Inventory 272,000 Bonds payable (long-term) 131,000 Plant and equipment 464,000 Common stock 100,000 Paid-in capital 150,000 Retained earnings 377,000 Total liabilities and Total assets $1,138,000 equity $1,138,000 Compute the following ratios: (Use a 360-day year....
The balance sheet for Stud Clothiers is shown next. Sales for the year were $3,490,000, with 75 percent of sales sold on credit. STUD CLOTHIERS Balance Sheet 20X1 Assets Liabilities and Equity $262,000 148,000 178,000 100,000 $ 38,000 Accounts payable Accounts receivable Inventory Plant and equipment 292,000 248,000 500,000 Accrued taxes Bonds payable (long-term) Common stock Paid-in capital Retained earnings 150,000 240,000 $ 1,078,000 $ 1,078,000 Total assets Total liabilities and equity Compute the following ratios: (Use a 360-day year....
The balance sheet for Stud Clothiers is shown next. Sales for the year were $3,510,000, with 75 percent of sales sold on credit. STUD CLOTHIERS Balance Sheet 20X1 Assets Liabilities and Equity Cash $ 39,000 Accounts payable $ 297,000 Accounts receivable 304,000 Accrued taxes 128,000 Inventory 294,000 Bonds payable (long-term) 122,000 Plant and equipment 488,000 Common stock 100,000 Paid-in capital 150,000 Retained earnings 328,000 Total assets $ 1,125,000 Total liabilities and equity $ 1,125,000 Compute the following ratios: (Use a...
Check my The balance sheet for Stud Clothiers is shown next Sales for the year were $3,570,000, with 75 percent of sales sold on credit Assets Cash Accounts receivable Inventory Plant and equipment STUD CLOTHIERS Balance Sheet zexi Liabilities and Equity $ 20,000 Accounts payable 35e,eee Accrued taxes 260,000 Bonds payable (long-term) 350,000 Common stock Paid-in capital Retained earnings $ 980,000 Total liabilities and equity 245,000 100,00 126,000 100,000 150.000 250,000 980,000 Total assets $ Compute the following ratios: (Use...
(use 365 days a year. Round your intermediate calculations and
final answers to 1 decimal place.)
Problem 12-4A Calculate risk ratios (L012-3) The following income statement and balance sheets for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMS Income Statement For the year ended December 31, 2018 Net sales Cost of goods sold $3,066,000 1,956,000 1.110,000 Gross profit Expenses Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense $864.000 30,000 8,600 18,000 54,000 Total expenses...
Using the income statement for Times Mirror and Glass Co., compute the following ratios: TIMES MIRROR AND GLASS COMPANY Sales Cost of goods sold Gross profit Selling and administrative expense Lease expense Operating profit* Interest expense Earnings before taxes Taxes (30%) Earnings after taxes *Equals income before interest and taxes. $266,000 161,000 $105,000 46,400 13,300 $ 45,300 7,300 $ 38,000 15, 200 $ 22,800 a. Compute the interest coverage ratio. (Round your answer to 2 decimal places.) Interest coverage times...
Required: 1. Calculate Anderson's turnover ratios for 2021. (Use 365 days a year. Round your answers to 2 decimal places.) Inventory turnover ratio Receivables turnover ratio Average collection period Asset turnover ratio times times days times The 2021 income statement of Anderson Medical Supply Company reported net sales of $11 million, cost of goods sold of $6.7 million, and net income of $895,000. The following table shows the company's comparative balance sheets for 2021 and 2020: ($ in thousands) 2021...
Compute the cost of not taking the following cash discounts. (Use a 360-day year. Do not round intermediate calculations. Input your final answers as a percent rounded to 2 decimal places.) Cost of Lost Discount a. 2'14, net 45 b. 219, nct 60 c. 4/19, net 45 d. 3/13, net 130
Using the financial statements for the Snider Corporation, calculate the 13 basic ratios found in the chapter SNIDER CORPORATION Balance Sheet December 31, 20X1 Assets Current assets Cash Marketable securitie $ 51,800 24,200 Accounts receivable (net Inventory Total current assets 174,000 227,000 $ 477,000 63,500 Investments Plant and equipment Less: Accumulated depreciation Net plant and equipment $646,000 246,000 400,000 $ 940,500 Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Notes payable Accrued taxes $ 91,100 73,400 18,400 Total...