Homework Answers
Beginning total assets = $421,000
Ending total assets = $457,000
Average total assets = (Beginning total assets + Ending total assets)/2
= (421,000 + 457,000)/2
= $439,000
Net sales = $285,200
Assets turnover = Net sales/Average total assets
= 285,200/439,000
= 0.65
Fourth option is the correct option
kindly give a positive rating if you are satisfied with the solution. do comment if you have any query, Thanks.
Add Answer to:
Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: 2021 Accounts...
Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable...
Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Merchandise inventory Net sales Cost of goods sold Total assets Total shareholders' equity Net income 2021 $ 72,000 44,000 285,200 146,000 457,000 272,000 56,500 2020 $ 52,000 67,000 270,000 124,000 421,000 241,000 44,000 Hulkster's 2021 inventory turnover is: (Round your answer to 2 decimal places.) Multiple Choice 0 2.63. 0 3.25. 0 3.32. 0 5.14.
Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020...
Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 Accounts receivable $ 40,000 $ 36,000 Merchandise inventory $ 28,000 35,000 Net sales 190,000 186,000 Cost of goods sold 114,000 108,000 Total assets 425,000 405,000 Total shareholders' equity 240,000 225,000 Net income 32,500 28,000 Hulkster's 2021 receivables turnover is: Multiple Choice 2.85. 4.70. 5.00. 10.63.
Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable...
Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Merchandise inventory Net sales Cost of goods sold Total assets Total shareholders' equity Net income 2021 $ 74,000 45,000 317,500 148,000 459,000 274,000 58,000 2020 $ 53,000 69,000 311,000 125,000 422,000 242,000 45,000 Hulkster's 2021 inventory turnover is: (Round your answer to 2 decimal places.) Multiple Choice 260. o o o
Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable...
Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Merchandise inventory Net sales Cost of goods sold Total assets Total shareholders' equity Net income 2021 $ 68,000 42,000 259,600 142,000 453,000 268,000 53,500 2020 $ 50,000 63,000 245,000 122,000 419,000 239,000 42,000 Hulkster's 2021 inventory turnover is: (Round your answer to 2 decimal places.) Multiple Choice 2.70. 3.31 3.38. 4.94.
Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: 28 5...
Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: 28 5 points Accounts receivable Merchandise inventory Net sales Cost of goods sold Total assets Total shareholders' equity Net income 2021 $ 78,000 47,000 305,900 152,000 463,000 278,000 61,000 2020 $ 55,000 73,000 300,000 127,000 424,000 244,000 47,000 & 03:21:20 Hulkster's 2021 average days in inventory is (rounded): (Round your intermediate calculations to 2 decimal places.) Multiple Choice 68 days. O O 134 days. O 144...
Excerpts from Hulkster Company's December 31, 2018 and 2017, financial statements are presented below: 2018 2017...
Excerpts from Hulkster Company's December 31, 2018 and 2017, financial statements are presented below: 2018 2017 Accounts receivable $ 56,000 $ 44,000 Merchandise inventory 36,000 51,000 Net sales 240,000 230,000 Cost of goods sold 130,000 116,000 Total assets 441,000 413,000 Total shareholders' equity 256,000 233,000 Net income 44,500 36,000 Hulkster's 2018 return on assets is (rounded): Multiple Choice 54.4%. 10.4%. 17.4%. 17.4%. 9.2%. 54.4%.
Excerpts from Dowling Company's December 31, 2021 and 2020,financial statements and key ratios are presented...
Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are presented below (all numbers are in millions): 2021 2020 Accounts receivable (net) $ 21 $ 13 Net sales $ 125 $ 110 Cost of goods sold $ 70 $ 65 Net income $ 21 $ 16 Inventory turnover 5.70 Return on assets 11.50 % Equity multiplier 2.46 Dowling's 2021 average collection period is: (Round your answer to 2 decimal places.)
Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are presented...
Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are presented below (all numbers are in millions): Accounts receivable (net) Net sales Cost of goods sold Net income Inventory turnover Return on assets Equity multiplier 69 2020 $ 25 $ 109 $ 64 $ 26 2021 $ 29 $ 124 $ $ 29 5.65 11.2% 2.45 Dowling's average total assets for 2021 is: (Round your answer to whole number.)
Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are presented...
Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are presented below (all numbers are in millions): 2021 2020 Accounts receivable (net) $ 20 $ 31 Net sales $ 130 $ 115 Cost of goods sold $ 75 $ 70 Net income $ 20 $ 32 Inventory turnover 5.95 Return on assets 12.0 % ...
Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020...
Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 $ 36,000 $ 40,000 Accounts receivable 28,000 35,000 Inventory Net sales 190,000 114,000 425,000 240,000 32,500 186,000 108,000 Cost of goods sold Total assets 405,000 225,000 28,000 Total stockholders' equity Net income Stealth Company's 2021 profit margin is: (Round your answer to 1 decimal place.) Multiple Cholce 17.1%. 13.5%. 7.6%. 4.5%.
Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Merchandise inventory Net sales Cost of goods sold Total assets Total shareholders' equity Net income 2021 $ 72,000 44,000 285,200 146,000 457,000 272,000 56,500 2020 $ 52,000 67,000 270,000 124,000 421,000 241,000 44,000 Hulkster's 2021 inventory turnover is: (Round your answer to 2 decimal places.) Multiple Choice 0 2.63. 0 3.25. 0 3.32. 0 5.14.
Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Merchandise inventory Net sales Cost of goods sold Total assets Total shareholders' equity Net income 2021 $ 74,000 45,000 317,500 148,000 459,000 274,000 58,000 2020 $ 53,000 69,000 311,000 125,000 422,000 242,000 45,000 Hulkster's 2021 inventory turnover is: (Round your answer to 2 decimal places.) Multiple Choice 260. o o o
Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Merchandise inventory Net sales Cost of goods sold Total assets Total shareholders' equity Net income 2021 $ 68,000 42,000 259,600 142,000 453,000 268,000 53,500 2020 $ 50,000 63,000 245,000 122,000 419,000 239,000 42,000 Hulkster's 2021 inventory turnover is: (Round your answer to 2 decimal places.) Multiple Choice 2.70. 3.31 3.38. 4.94.
Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: 28 5 points Accounts receivable Merchandise inventory Net sales Cost of goods sold Total assets Total shareholders' equity Net income 2021 $ 78,000 47,000 305,900 152,000 463,000 278,000 61,000 2020 $ 55,000 73,000 300,000 127,000 424,000 244,000 47,000 & 03:21:20 Hulkster's 2021 average days in inventory is (rounded): (Round your intermediate calculations to 2 decimal places.) Multiple Choice 68 days. O O 134 days. O 144...
Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are presented below (all numbers are in millions): Accounts receivable (net) Net sales Cost of goods sold Net income Inventory turnover Return on assets Equity multiplier 69 2020 $ 25 $ 109 $ 64 $ 26 2021 $ 29 $ 124 $ $ 29 5.65 11.2% 2.45 Dowling's average total assets for 2021 is: (Round your answer to whole number.)
Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 $ 36,000 $ 40,000 Accounts receivable 28,000 35,000 Inventory Net sales 190,000 114,000 425,000 240,000 32,500 186,000 108,000 Cost of goods sold Total assets 405,000 225,000 28,000 Total stockholders' equity Net income Stealth Company's 2021 profit margin is: (Round your answer to 1 decimal place.) Multiple Cholce 17.1%. 13.5%. 7.6%. 4.5%.
Most questions answered within 3 hours.
-
Please answer in Python 3! 16.2** (Maximum increasingly ordered
subsequence) Write a program that prompts the...
asked 16 seconds from now -
Energy is carried by which of the following waves?
(Select all that apply)
a) light wave...
asked 17 seconds from now -
(Part 1) An investor wants to have $1,000,000 when she retires
in 20 years. If she...
asked 42 seconds ago -
ESP8266/Arduino UNO and temperature sensor MCP9700A.
Temperature sensor gives incorrect temperature readings in
celsius.
Both ESP8266...
asked 1 minute ago -
1. Why has Dunkin’ Donuts increased its focus on
coffee?
2. Describe the strategy that Dunkin’...
asked 10 minutes ago -
two lady bugs sit on a rotating disk without slipping. lady bug
1 is half away...
asked 14 minutes ago -
Core Concepts of Accounting Information Systems
Discussion Question #4
Does a company have the right to...
asked 19 minutes ago -
Why does the Solow model cannot explain growth in the long run?
What is the role...
asked 22 minutes ago -
Question 8 Interactive LearningWare 26.2 offers a review of the
concepts that play roles in this...
asked 26 minutes ago -
draw product of cyclohex-2-en-1-one, Sodium methoxide and
hydronium workup
asked 35 minutes ago -
In a certain state, about 65% of drivers who are arrested for
driving while intoxicated (DWI)...
asked 35 minutes ago -
A single NEC SX-9 vector processor unit (VPU) has a peak
arithmetic
performance of 102.4 GFs/s....
asked 54 minutes ago