ZuoTi.Pro
Question

Consider the following financial data for Allessa Biomedical Corporation Cash and marketable securities, $63 Total fixed asse
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Turnover to inventory = Annual sales / average inventory

= 1183/155

= 7.6 times

0 0
Add a comment
Know the answer?
Add Answer to:
Consider the following financial data for Allessa Biomedical Corporation Cash and marketable securities, $63 Total fixed...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Consider the following financial data for Northgate Corporation ($ in millions): ● Cash and marketable securities,...

    Consider the following financial data for Northgate Corporation ($ in millions): ● Cash and marketable securities, $100 ● Total fixed assets, $280 ● Annual sales, $1,200 ● Net income, $358 ● Inventory, $180 ● Current liabilities, $134 ● Current ratio, 3.2 ● Average correction period, 45 days ● Average common equity, $500 Based on these financial data, determine the firm’s return on (common) equity.

  • Stimac Corporation has total cash of $255,000, no marketable securities, total current receivables of $326,000, total...

    Stimac Corporation has total cash of $255,000, no marketable securities, total current receivables of $326,000, total inventory of $169,000, total prepaid expenses of $62,000, total current assets of $812,000, total current liabilities of $288,000, total stockholders’ equity of $1,914,000, total assets of $2,765,000, and total liabilities of $851,000. The company’s acid-test (quick) ratio is closest to:

  • Erastic Corporation has $30,000 in cash, $16,000 in marketable securities, $58,000 in account receivable, $72,000 in...

    Erastic Corporation has $30,000 in cash, $16,000 in marketable securities, $58,000 in account receivable, $72,000 in inventories, and $58,000 in current liabilities. The corporation’s current assets consist of cash, marketable securities, accounts receivable, and inventory. The corporation’s acid-test ratio is closest to: 1.00 1.52 1.79 3.03

  • Erastic Corporation has $17,000 in cash, $9,500 in marketable securities, $38,500 in account receivable, $46,000 in...

    Erastic Corporation has $17,000 in cash, $9,500 in marketable securities, $38,500 in account receivable, $46,000 in inventories, and $45,000 in current liabilities. The corporation’s current assets consist of cash, marketable securities, accounts receivable, and inventory. The corporation’s acid-test ratio is closest to: Multiple Choice 2.47 1.23 0.86 1.44

  • Cullumber Corporation Balance Sheet as of December 31, 2017 Liabilities and Equity: Assets: Cash and marketable...

    Cullumber Corporation Balance Sheet as of December 31, 2017 Liabilities and Equity: Assets: Cash and marketable securities Accounts payable and accruals Accounts receivable Notes payable 300,000 Inventory Total current assets Total current liabilities Long-term debt $2,000,000 Net plant and equipment Common stock Retained earnings $1,250,000 Total assets Total liabilities and equity $8,000,000 You have the following information: Debt ratio 35 % 40 days DSO Current ratio 2.17 Inventory turnover ratio 4.000 Net sales $2.43 million Cost of goods sold =...

  • The following data applies to GoodCorp. (in millions of US $): ·         Cash & marketable securities                 &n

    The following data applies to GoodCorp. (in millions of US $): ·         Cash & marketable securities                     $315 ·         Fixed assets                                               $546 ·         Net sales                                                    $2520 · Earnings Before Interests and Taxes (EBIT) $273 · Net Earnings After Taxes (NEAT ) $126 ·         Quick Ratio ((CA-Inventory)/CL)                  2.1 to 1 ·         Current Ratio (CA/CL)                                 3.4 to 1 · Average Collection Period (ACP) 45.6 days · Return on Equity (ROE, NEAT/Net Common Equity) 13% ·         Tax rate                                                      25% On the Liabilities & Equity side, GoodCorp has only common equity,...

  • Hypothetical Financial Data

    Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions).TargetCorporationWal-MartStores, Inc.Income Statement Data for YearNet sales$66,700$409,000Cost of goods sold46,000306,000Selling and administrative expenses14,70076,000Interest expense6501,800Other income (expense)(95)(420)Income tax expense1,4007,200Net income$ 3,855$ 17,580Balance Sheet Data(End of Year)Current assets$19,000$48,000Noncurrent assets25,600120,000Total assets$44,600$168,000Current liabilities$10,000$55,000Long-term debt18,20044,000Total stockholders’ equity16,40069,000Total liabilities and stockholders’ equity$44,600$168,000Beginning-of-Year BalancesTotal assets$43,000$162,000Total stockholders’ equity13,50066,000Current liabilities10,50055,000Total liabilities29,50096,000Other DataAverage net accounts receivable$7,800$3,900Average inventory7,00033,700Net cash provided by operating activities5,60026,800Capital expenditures1,80012,400Dividends4604,500For each company, compute the following ratios. (Round current ratio answers to 2 decimal places, e.g. 15.50, debt to assets ratio...

  • Erastic Corporation has $21,000 in cash, $11,500 in marketable securities, $44,500 in account receivable, $54,000 in...

    Erastic Corporation has $21,000 in cash, $11,500 in marketable securities, $44,500 in account receivable, $54,000 in Inventories, and $49,000 in current liabilities. The corporation's current assets consist of cash, marketable securities, accounts receivable, and Inventory. The corporation's acid-test ratio is closest to: McRae Corporation's total current assets are $424,000, its noncurrent assets are $533,000, its total current liabilities are $362,000, its long-term liabilities are $283,000, and its stockholders' equity is $312,000. Working capital is: Multiple Choice Ο $109,000 Ο Ο...

  • Given the financial statements for Jones Corporation and Smith Corporation:   JONES CORPORATION Current Assets Liabilities Cash...

    Given the financial statements for Jones Corporation and Smith Corporation:   JONES CORPORATION Current Assets Liabilities Cash $ 22,000 Accounts payable $ 127,000 Accounts receivable 81,100 Bonds payable (long term) 85,600 Inventory 50,000 Long-Term Assets Stockholders' Equity Gross fixed assets $ 526,000 Common stock $ 150,000 Less: Accumulated depreciation 150,700 Paid-in capital 70,000 Net fixed assets* 375,300 Retained earnings 95,800 Total assets $ 528,400 Total liabilities and equity $ 528,400      Sales (on credit) $ 1,326,000 Cost of goods sold 790,000...

  • Given the financial statements for Jones Corporation and Smith Corporation:   JONES CORPORATION Current Assets Liabilities Cash...

    Given the financial statements for Jones Corporation and Smith Corporation:   JONES CORPORATION Current Assets Liabilities Cash $ 22,000 Accounts payable $ 127,000 Accounts receivable 81,100 Bonds payable (long term) 85,600 Inventory 50,000 Long-Term Assets Stockholders' Equity Gross fixed assets $ 526,000 Common stock $ 150,000 Less: Accumulated depreciation 150,700 Paid-in capital 70,000 Net fixed assets* 375,300 Retained earnings 95,800 Total assets $ 528,400 Total liabilities and equity $ 528,400      Sales (on credit) $ 1,326,000 Cost of goods sold 790,000...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT