Homework Answers
| Choose Numerator | / | Choose Denominator | = | Total Asset Turnover | ||
| Net Sales | / | Average total Assets | = | Total Asset Turnover | ||
| 2017 | $775,000 | / | $480,900 | = | 1.61 | times |
| 2016 | $570,000 | / | $406,950 | = | 1.40 | times |
| Working | Average total Assets | |||||
| 2017 | ($520,900 + $440,900)/2 | $480,900 | ||||
| 2016 | ($440,900 + $373,000)/2 | $406,950 | ||||
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Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 31,880...
201 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 28,837...
201 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 28,837 33,e54 34,087 83,579 183,845 9,196 57,844 45,899 47,924 74,166 8,419 249,876 235,597 3,7se 289,240 474,533 489,880 S 340,980 Liabilities and Equity Accounts payable Long-term notes payable secured by $118,159 $ 67,868 44,999 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 98,184 162,580 183,770 474 , 533 74,586 162,5e0162,5ee 58,815 489 ,880 348,980 93,148 86,37238 1. Compute the...
At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total...
At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by 27,311 31,601 33,587 44,782 101,53376,061 46,744 3,769 171 207,018 467,573 403,080 $335,900 78,356 55, 867 9,062 8,380 251,311231, 115,261 67,43945,226 mortgages on plant assets Conmon stock, $10 par value Retained earnings Total liabilities and equity 89,662 93,635 74,976 162,500 162,500 162,500 100,150 79,506 53,198 467,573 $ 403,080 $ 335,900 1. Compute the current...
2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant...
2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 28,394 $ 33,515 $ 79,066 56,943 102,454 72,989 9,654 8,712 252,845 234,576 $ 471,813 $ 406,735 $ 32,898 44,302 45,771 3,582 205,747 332,300 $ 115, 132 $ 66,676 $ 43,425 91,362 92,614 72,704 163,500...
Simon Company's year-end balance sheets follow. Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant...
Simon Company's year-end balance sheets follow. Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-tern notes payable secured by s 31,614 36,954 $ 37,246 52,875 115,20385, 455 56,328 4,406 283,913261,113 231,945 $ 530, 521 457,346 $ 388,900 89,812 64,028 9,979 9, 196 s 136,063 18,064 52,361 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 98,741105, 190 8 666 162, 500 162, 500...
Simon Compeny's year-end balance sheets follow Accounts receivable, net Merchandise inventory Prepeid expenses Plant assets, net...
Simon Compeny's year-end balance sheets follow Accounts receivable, net Merchandise inventory Prepeid expenses Plant assets, net $ 32,544 $ 38,041 $ 4e,e38 89,200 62,800 3,588 113,000 85,8 59,800 ,480 9,96 4,448 317.629 290,191 255,622 $562,853 5485,218 5412,600 Liabilities and tquity Accounts payable Long-tern notes payable secured by $137,347 8,362 53,374 sortgages on plant assets Common stock, $18 par value Retained earnings Totel liabilities and equity 159-386132,88187,365 $562,853 $485,218 $412,688 The company's income statements for the years ended December 31, 2017...
CULLUMBER COMPANY Balance Sheets December 31 Assets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land Building and equipment (net) Total assets Liabilities...
CULLUMBER COMPANY Balance Sheets December 31 Assets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable Accounts payable Accrued liabilities Bonds payable, due 2017 Common stock, $10 par Retained earnings 2017 2016 69,000 69,000 41,000 103,000 92,000 239,000 164,000 25,000 29,000 132,000 132,000 263,000 188,000 $884,000 $715,000 53,000 $170,000 $101,000 66,000 54,000 42,000 251,000 170,000 205,000 205,000 150,000 143,000 Total liabilities and stockholders' equity $884,000 $715,000 42,000...
31,207 36,479 37,998 62,700 56,500 113,500 85,000 50,000 89,400 Merchandise inventory Prepaid expenses Plant assets, net Total assets 10,050 290, 125266.833 238.980 $ 534,282 460,588 387,700 Liab...
31,207 36,479 37,998 62,700 56,500 113,500 85,000 50,000 89,400 Merchandise inventory Prepaid expenses Plant assets, net Total assets 10,050 290, 125266.833 238.980 $ 534,282 460,588 387,700 Liabilities and Equity Accounts payable Long-term notes payable secured by s 131,706 77,061 50,665 mortgages on plant assets 99,441 104,876 84,825 162,500 162,500 162,500 89.710 534,282 460,588 387,700 stock, $10 par value Retained earnings 140,635 116,151 Total 1iabilities and equity The company's income statements for the years ended December 31, 2017 and 2016, follow....
Assets Cash Accounts receivable Inventory Prepaid expenses Investments Plant assets Accumulated depreciation Total 2012 S 90.800...
Assets Cash Accounts receivable Inventory Prepaid expenses Investments Plant assets Accumulated depreciation Total 2012 S 90.800 92.800 112.500 28.400 138.000 270,000 (50.000) 5682.500 2011 S +8.400 33. 00 102.850 26. 01 114.00) 242.500 (52.000) 5514.750 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds pavable Common stock Retained earnings Total S112.00 16.500 110.000 -20.000 224.000 S682.500 S 67.300 17.00) 150.000 175. 105.150 55147511 5392.780 SINJH INC. Income Statement For the Year Ended December 31, 2012 Sales Less: Cost of...
At December 31 2017 2816 2815 Assets Cash 35,952 $42,857 42,076 53,879 Accounts receivable, net Merchandise...
At December 31 2017 2816 2815 Assets Cash 35,952 $42,857 42,076 53,879 Accounts receivable, net Merchandise inventory Prepaid expenses 106,264 133,607 72,815 95,220 11,463 316,040 1e,922 297,295 59,754 4,49e 260,601 Plant assets, net Total assets S 603,326 S 520,1e9 $ 420,8ee Liabilities and Equity Accounts payable Long-tern notes payable secured by S 148,726 85,261 54,99e mortgages on plant assets Conmon stock, $1e par value Retained earnings 114,56e 119,625 162,5e0 152,723 92,067 162,5ee 111,243 162,5ee 177,540 Total liabilities and equity $...
Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory...
Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by 2017 2016 2015 $ 27,328 $ 32,931 $ 33,274 81,653 55,901 46,195 104,717 74,631 50,187 9,254 8,558 3,926 254,553 239,621 212,918 $477,505 $411,642 $346,500 $120,088 $ 71,655 $ 46,195 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 88,873 91,837 75,045...
201 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 28,837 33,e54 34,087 83,579 183,845 9,196 57,844 45,899 47,924 74,166 8,419 249,876 235,597 3,7se 289,240 474,533 489,880 S 340,980 Liabilities and Equity Accounts payable Long-term notes payable secured by $118,159 $ 67,868 44,999 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 98,184 162,580 183,770 474 , 533 74,586 162,5e0162,5ee 58,815 489 ,880 348,980 93,148 86,37238 1. Compute the...
At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by 27,311 31,601 33,587 44,782 101,53376,061 46,744 3,769 171 207,018 467,573 403,080 $335,900 78,356 55, 867 9,062 8,380 251,311231, 115,261 67,43945,226 mortgages on plant assets Conmon stock, $10 par value Retained earnings Total liabilities and equity 89,662 93,635 74,976 162,500 162,500 162,500 100,150 79,506 53,198 467,573 $ 403,080 $ 335,900 1. Compute the current...
2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 28,394 $ 33,515 $ 79,066 56,943 102,454 72,989 9,654 8,712 252,845 234,576 $ 471,813 $ 406,735 $ 32,898 44,302 45,771 3,582 205,747 332,300 $ 115, 132 $ 66,676 $ 43,425 91,362 92,614 72,704 163,500...
Simon Company's year-end balance sheets follow. Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-tern notes payable secured by s 31,614 36,954 $ 37,246 52,875 115,20385, 455 56,328 4,406 283,913261,113 231,945 $ 530, 521 457,346 $ 388,900 89,812 64,028 9,979 9, 196 s 136,063 18,064 52,361 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 98,741105, 190 8 666 162, 500 162, 500...
Simon Compeny's year-end balance sheets follow Accounts receivable, net Merchandise inventory Prepeid expenses Plant assets, net $ 32,544 $ 38,041 $ 4e,e38 89,200 62,800 3,588 113,000 85,8 59,800 ,480 9,96 4,448 317.629 290,191 255,622 $562,853 5485,218 5412,600 Liabilities and tquity Accounts payable Long-tern notes payable secured by $137,347 8,362 53,374 sortgages on plant assets Common stock, $18 par value Retained earnings Totel liabilities and equity 159-386132,88187,365 $562,853 $485,218 $412,688 The company's income statements for the years ended December 31, 2017...
CULLUMBER COMPANY Balance Sheets December 31 Assets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable Accounts payable Accrued liabilities Bonds payable, due 2017 Common stock, $10 par Retained earnings 2017 2016 69,000 69,000 41,000 103,000 92,000 239,000 164,000 25,000 29,000 132,000 132,000 263,000 188,000 $884,000 $715,000 53,000 $170,000 $101,000 66,000 54,000 42,000 251,000 170,000 205,000 205,000 150,000 143,000 Total liabilities and stockholders' equity $884,000 $715,000 42,000...
31,207 36,479 37,998 62,700 56,500 113,500 85,000 50,000 89,400 Merchandise inventory Prepaid expenses Plant assets, net Total assets 10,050 290, 125266.833 238.980 $ 534,282 460,588 387,700 Liabilities and Equity Accounts payable Long-term notes payable secured by s 131,706 77,061 50,665 mortgages on plant assets 99,441 104,876 84,825 162,500 162,500 162,500 89.710 534,282 460,588 387,700 stock, $10 par value Retained earnings 140,635 116,151 Total 1iabilities and equity The company's income statements for the years ended December 31, 2017 and 2016, follow....
Assets Cash Accounts receivable Inventory Prepaid expenses Investments Plant assets Accumulated depreciation Total 2012 S 90.800 92.800 112.500 28.400 138.000 270,000 (50.000) 5682.500 2011 S +8.400 33. 00 102.850 26. 01 114.00) 242.500 (52.000) 5514.750 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds pavable Common stock Retained earnings Total S112.00 16.500 110.000 -20.000 224.000 S682.500 S 67.300 17.00) 150.000 175. 105.150 55147511 5392.780 SINJH INC. Income Statement For the Year Ended December 31, 2012 Sales Less: Cost of...
At December 31 2017 2816 2815 Assets Cash 35,952 $42,857 42,076 53,879 Accounts receivable, net Merchandise inventory Prepaid expenses 106,264 133,607 72,815 95,220 11,463 316,040 1e,922 297,295 59,754 4,49e 260,601 Plant assets, net Total assets S 603,326 S 520,1e9 $ 420,8ee Liabilities and Equity Accounts payable Long-tern notes payable secured by S 148,726 85,261 54,99e mortgages on plant assets Conmon stock, $1e par value Retained earnings 114,56e 119,625 162,5e0 152,723 92,067 162,5ee 111,243 162,5ee 177,540 Total liabilities and equity $...
Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by 2017 2016 2015 $ 27,328 $ 32,931 $ 33,274 81,653 55,901 46,195 104,717 74,631 50,187 9,254 8,558 3,926 254,553 239,621 212,918 $477,505 $411,642 $346,500 $120,088 $ 71,655 $ 46,195 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 88,873 91,837 75,045...
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