Homework Answers
| Net credit sales | 510000 |
| total current assets | 126000 |
| Sales to total current assets ratio | 4.05 |
answer is B
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This Question: 6 pts 9 of 11 (0 complete) Pizza, Inc provides the following data Assets...
same question had to scroll Pizza, Inc. provides the following data: 2019 2018 Assets Current Assets:...
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Pizza, Inc. provides the following data: 2019 2018 Assets Current Assets: Cash and Cash Equivalents Accounts Receivable, Net Merchandise Inventory Total Current Assets Property, Plant, and Equipment, Net Total Assets $31,000 $25,000 38,000 62,000 59,000 50,000 $128,000 137,000 $120,000 120,000 $248,000 $257,000 For the year ending December 31, 2019: Net Credit Sales $540,000 A. 0.69 times B. 1.07 times C. 2.14 times OD. 4.22 times Click to select your answer. is Question: 2 pts VURUVI....
Quiz: Chapter 17 Quiz Time Remaining: 01:06:44 Submit Quiz This Question: 10 pts 5 of 10...
Quiz: Chapter 17 Quiz Time Remaining: 01:06:44 Submit Quiz This Question: 10 pts 5 of 10 (D complete) This Quiz: 100 pts possible Wilson, Inc. provides the following data 2017 Cash Accounts Receivable, Net Merchandise Inventory Property, Plant, and Equipment, Net Total Assets 2016 $43,000 $25,000 108,000 62,000 50,000 190,000 20,000 $416,000 $257,000 75,000 Net Credit Sales Cost of Goods Sold Gross Profit $240,000 120,.000) $120,000 Calculate accounts receivable turnover ratio form 2017. Round your answer to two decimal places.)...
Bam Owl, Inc. reported the following data: Increase (Decrease) Amount 2017 2016 Percentage (in millions) Assets...
Bam Owl, Inc. reported the following data: Increase (Decrease) Amount 2017 2016 Percentage (in millions) Assets Current assets: Cash Accounts receivable, net Merchandise inventory $7,200 16,800 $2,800 (1,200) 7,000 8,600 38.9% $10,000 (7.1)% 15,600 38,000 63,600 22.6% 15.6% 31,000 55,000 168,000 27,100 Total current assets 27,000 16.1% Property, plant and equipment, net Other long - term assets 195,000 (44.6%) (12,100) 15,000 O A. increased by $2,400 O B. increased by $22,500 C. decreased by $2,400 OD. increased by $23,700 Click...
same question had to scroll down This Question: 2 pts 9 of 21 (1 complete) The...
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This Question: 2 pts 9 of 21 (1 complete) The following is summary of information presented on the financial statements of a company on December 31, 2019. Account 2019 2018 Current Assets $67,000 $50,000 Accounts Receivable 81,000 79,000 Merchandise Inventory 51,000 42,000 Current Liabilities 74,000 54,000 Long-term Liabilities 30,000 50,000 Common Stock 55,000 40,000 Retained Earnings 40,000 27,000 Net Sales Revenue $525,000 $507,000 403,000 396,000 Cost of Goods Sold A. a current ratio of...
night Owl, Inc. reported the following data: Increase (Decrease) (in millions) 2019 2018 Amount Percentage Assets ...
night Owl, Inc. reported the following data: Increase (Decrease) (in millions) 2019 2018 Amount Percentage Assets Current assets: Cash $10,000 $7,200 $2,800 38.9% Accounts receivable, net 15,600 16,800 (1,200) (7.1)% Merchandise inventory 38,000 31,000 7,000 22.6% Total current assets 63,600 55,000 8,600 15.6% Property, plant and equipment, net 195,000 168,000 27,000 16.1% Other long-term assets 15,000 27,100 (12,100) (44.6%) Total assets $273,600 $250,100 $23,500 9.4% Liabilities Current liabilities: Accounts payable $8500 $7,300 $1,200 16.4% Other current liabilities 1,100 3,900...
Question 6 Next> < Previous Given the following Year 9 selected balance sheet data: Assets $126,000...
Question 6 Next> < Previous Given the following Year 9 selected balance sheet data: Assets $126,000 245,000 240,000 $485,000 Cash on Hand Total Current Assets Total Fixed Asset Investments Total Assets Liabilities and Shareholder Equity Accounts Payable Overdraft Loan Payable 1-Year Bank Loan Payable Current Portion of Long-Term Loans Total Current Liabilities Long-Term Bank Loans Total Liabilities S 66,000 0 0 17,000 83,000 66,000 149,000 Year 8 Year 9 Balance Change Shareholder Equity: 10,050 81,500 0 Common Stock (at a...
Identify and Compute Net Operating Assets Following is the balance sheet for Lowe's Companies Inc. 461...
Identify and Compute Net Operating Assets Following is the balance sheet for Lowe's Companies Inc. 461 LOWE'S COMPANIES INC. Consolidated Balance Sheet $ millions, except par value Feb. 1, 2019 Current assets Cash and cash equivalents $920 Short-term investments 392 Merchandise inventory-net 22,610 Other current assets 1,688 Total current assets 25,610 Property, less accumulated depreciation 33,178 Long-term investments Deferred income taxes-net 529 Goodwill 545 Other assets 1,791 Total assets $62,114 Current liabilities Short-term borrowings $1,300 Current maturities of long-term debt...
For the next 6 questions suppose the following data Cash & M/S Receivables Inventories Fixed Assets...
For the next 6 questions suppose the following data Cash & M/S Receivables Inventories Fixed Assets Total Assets Balance Sheet 30,000 Accruals 70,000 Accounts Payable 120,000 Notes Payable 480,000L-TLiabilities 700,000 Common Equity 20,000 60,000 80,000 140,000 400 700 Total Annual Sales $1,400,000 Net Income$63,000 Number of Shares Outstanding 30 000 ost of Goods Sold $960,000 What is the current ratio of the firm? 1.225 O 1.375 O 1.875 O 1.905 O 2.145 We were unable to transcribe this imageWe were...
OPTIONS ARE: Net income for 2019 was $23,000.Compute the rate of return on common stockholders' equity...
OPTIONS ARE:
Net income for 2019 was
$23,000.Compute the rate of return on common stockholders' equity
for 2019. (Round your final answer to two decimal places.)
Alden Corp. has the following balances as of December 31, 2019: Total Assets Total Liabilities Total Equity $91,000 69,000 22,000 Calculate the debt to equity ratio. (Round your answer to two decimal points.) O A. 0.32 O B. 2.82 OC. 3.14 O D. 4.14 Match the key term to the definition. (Click the icon...
The financial statements for Barrington Service Company include the following items: 2019 2018 Cash $50,500 $40,000...
The financial statements for Barrington Service Company include the following items: 2019 2018 Cash $50,500 $40,000 Short-term Investments 31,000 18,000 Net Accounts Receivable 52,000 51,000 g Merchandise Inventory 165,000 46,000 Total Assets 535,000 549,000 Accounts Payable 124,500 126,000 Salaries Payable 21,000 13,000 Long-term Note Payable 53,000 ga Compute the current ratio for 2018. (Round answer to two decimal places.) 55,000I O A. 3.95 B. 6.95 OC. 0.9 OD. 1.12 les
same question had to scroll
Pizza, Inc. provides the following data: 2019 2018 Assets Current Assets: Cash and Cash Equivalents Accounts Receivable, Net Merchandise Inventory Total Current Assets Property, Plant, and Equipment, Net Total Assets $31,000 $25,000 38,000 62,000 59,000 50,000 $128,000 137,000 $120,000 120,000 $248,000 $257,000 For the year ending December 31, 2019: Net Credit Sales $540,000 A. 0.69 times B. 1.07 times C. 2.14 times OD. 4.22 times Click to select your answer. is Question: 2 pts VURUVI....
Quiz: Chapter 17 Quiz Time Remaining: 01:06:44 Submit Quiz This Question: 10 pts 5 of 10 (D complete) This Quiz: 100 pts possible Wilson, Inc. provides the following data 2017 Cash Accounts Receivable, Net Merchandise Inventory Property, Plant, and Equipment, Net Total Assets 2016 $43,000 $25,000 108,000 62,000 50,000 190,000 20,000 $416,000 $257,000 75,000 Net Credit Sales Cost of Goods Sold Gross Profit $240,000 120,.000) $120,000 Calculate accounts receivable turnover ratio form 2017. Round your answer to two decimal places.)...
Bam Owl, Inc. reported the following data: Increase (Decrease) Amount 2017 2016 Percentage (in millions) Assets Current assets: Cash Accounts receivable, net Merchandise inventory $7,200 16,800 $2,800 (1,200) 7,000 8,600 38.9% $10,000 (7.1)% 15,600 38,000 63,600 22.6% 15.6% 31,000 55,000 168,000 27,100 Total current assets 27,000 16.1% Property, plant and equipment, net Other long - term assets 195,000 (44.6%) (12,100) 15,000 O A. increased by $2,400 O B. increased by $22,500 C. decreased by $2,400 OD. increased by $23,700 Click...
same question had to scroll down
This Question: 2 pts 9 of 21 (1 complete) The following is summary of information presented on the financial statements of a company on December 31, 2019. Account 2019 2018 Current Assets $67,000 $50,000 Accounts Receivable 81,000 79,000 Merchandise Inventory 51,000 42,000 Current Liabilities 74,000 54,000 Long-term Liabilities 30,000 50,000 Common Stock 55,000 40,000 Retained Earnings 40,000 27,000 Net Sales Revenue $525,000 $507,000 403,000 396,000 Cost of Goods Sold A. a current ratio of...
Question 6 Next> < Previous Given the following Year 9 selected balance sheet data: Assets $126,000 245,000 240,000 $485,000 Cash on Hand Total Current Assets Total Fixed Asset Investments Total Assets Liabilities and Shareholder Equity Accounts Payable Overdraft Loan Payable 1-Year Bank Loan Payable Current Portion of Long-Term Loans Total Current Liabilities Long-Term Bank Loans Total Liabilities S 66,000 0 0 17,000 83,000 66,000 149,000 Year 8 Year 9 Balance Change Shareholder Equity: 10,050 81,500 0 Common Stock (at a...
Identify and Compute Net Operating Assets Following is the balance sheet for Lowe's Companies Inc. 461 LOWE'S COMPANIES INC. Consolidated Balance Sheet $ millions, except par value Feb. 1, 2019 Current assets Cash and cash equivalents $920 Short-term investments 392 Merchandise inventory-net 22,610 Other current assets 1,688 Total current assets 25,610 Property, less accumulated depreciation 33,178 Long-term investments Deferred income taxes-net 529 Goodwill 545 Other assets 1,791 Total assets $62,114 Current liabilities Short-term borrowings $1,300 Current maturities of long-term debt...
For the next 6 questions suppose the following data Cash & M/S Receivables Inventories Fixed Assets Total Assets Balance Sheet 30,000 Accruals 70,000 Accounts Payable 120,000 Notes Payable 480,000L-TLiabilities 700,000 Common Equity 20,000 60,000 80,000 140,000 400 700 Total Annual Sales $1,400,000 Net Income$63,000 Number of Shares Outstanding 30 000 ost of Goods Sold $960,000 What is the current ratio of the firm? 1.225 O 1.375 O 1.875 O 1.905 O 2.145 We were unable to transcribe this imageWe were...
OPTIONS ARE:
Net income for 2019 was
$23,000.Compute the rate of return on common stockholders' equity
for 2019. (Round your final answer to two decimal places.)
Alden Corp. has the following balances as of December 31, 2019: Total Assets Total Liabilities Total Equity $91,000 69,000 22,000 Calculate the debt to equity ratio. (Round your answer to two decimal points.) O A. 0.32 O B. 2.82 OC. 3.14 O D. 4.14 Match the key term to the definition. (Click the icon...
The financial statements for Barrington Service Company include the following items: 2019 2018 Cash $50,500 $40,000 Short-term Investments 31,000 18,000 Net Accounts Receivable 52,000 51,000 g Merchandise Inventory 165,000 46,000 Total Assets 535,000 549,000 Accounts Payable 124,500 126,000 Salaries Payable 21,000 13,000 Long-term Note Payable 53,000 ga Compute the current ratio for 2018. (Round answer to two decimal places.) 55,000I O A. 3.95 B. 6.95 OC. 0.9 OD. 1.12 les
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