Homework Answers
C) 5.848
Explanation:
Working capital in 2018 = Current asset - current liabilities
= 9.69 - 6.49
= 3.20
Working capital in 2017= Current asset - current liabilities
= 7.67 - 5.47
= 2.20
Average working capital = 3.20 + 2.20 / 2
= 5.40 / 2
= 2.7
Working capital turnover ratio= net sales / average working capital
= 15.79 / 2.70
= 5.848
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Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in...
Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in...
Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in billions): Income Statement 2018 2017 Balance Sheet 2018 2017 Sales 15.79 11.69 Cash 3.79 2.82 Cost of Goods Sold 9.97 7.66 Marketable Securities 0 0 Gross Profit 5.82 4.03 Inventory 0 0 SGSA Exp. 4.22 3.19 Total Current Assets 9.69 7.67 Interest Expense 0.42049 0.2382 Fixed Assets 0.41828 0.3194 Income Before Tax 1.23 0.48532 Total Assets 25.97 19.01 Income Tax Expense 0.01522 -0.07361 Accounts...
Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in...
Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in billions): Income Statement 2018 2017 Balance Sheet 218 2017 Sales 15.79 11.69 Cash 3.79 2.82 Cost of Goods Sold 9.97 7.66 Marketable Securities 0 0 Gross Profit 5.82 4.03 Inventory 0 0 SG&A Exp 4.22 3.19 Total Current Assets 9.69 7.67 Interest Expense 0.42049 0.2382 Fixed Assets 0.41828 0.3194 Income Before Tax 1.23 0.48532 Total Assets 25.97 19.01 Income Tax Expense 0.01522 -0.07361 Accounts...
Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in...
Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in billions): DO Income Statement 2018 2017 Balance Sheet 2018 2017 Sales 15.79 11.69 Cash 3.79 2.82 Cost of Goods Sold 9.97 7.66 Marketable Securities 0 Gross Profit 5.82 4.03 Inventory 0 SG&A Exp 422 3.19 Total Current Assets 9.69 7.67 Interest Expense 0.42049 0.2382 Fixed Assets 0.41828 0.3194 Income Before Tax 1.23 0.48532 Total Assets 25.97 19.01 Income Tax Expense 0.01522 -0.07361 Accounts Payable...
Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in...
Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in billions): Income Statement 2018 2017 Balance Sheet 2018 2017 Sales 15.79 11.69 Cash 3.79 2.82 Cost of Goods Sold 9.97 7.66 Marketable Securities 0 0 Gross Profit 5.82 4.03 Inventory 0 0 SG&A Exp. 4.22 3.19 Total Current Assets 9.69 7.67 Interest Expense 0.42049 0.2382 Fixed Assets 0.41828 0.3194 Income Before Tax 1.23 0.48532 Total Assets 25.97 19.01 Income Tax Expense 0.01522 -0.07361 Accounts...
Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in...
Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in billions): Income Statement 2018 2017 Balance Sheet 2018 2017 Sales 15.79 11.69 Cash 3.79 2.82 Cost of Goods Sold 9.97 7.66 Marketable Securities 0 0 Gross Profit 5.82 4.03 Inventory 0 0 SGBA Exp. 4.22 3.19 Total Current Assets 9.69 7.67 Interest Expense 0.42049 0.2382 Fixed Assets 0.41828 0.3194 Income Before Tax 1.23 0.48532 Total Assets 25.97 19.01 Income Tax Expense 0.01522 -0.07361 Accounts...
DO Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($...
DO Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in billions): Income Statement 2018 2017 Balance Sheet 2018 2017 Sales 15.79 11.69 Cash 3.79 2.82 Cost of Goods Sold 9.97 7.66 Marketable Securities 0 Gross Profit 5.82 4.03 Inventory 0 SG&A Exp 4.22 3.19 Total Current Assets 9.69 7.67 Interest Expense 0.42049 0.2382 Fixed Assets 0.41828 0.3194 Income Before Tax 1.23 0.48532 Total Assets 25.97 19.01 Income Tax Expense 0.01522 -0.07361 Accounts Payable...
Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in...
Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in bilions): Income Statement 2018 2017 Balance Sheet 2018 2017 Sales 15.79 11.69 Cash 3.79 2.82 Cost of Goods Sold 9.97 7.66 Marketable Securities 0 0 Gross Profit 5.82 4.03 Inventory 0 0 SG&A Exp 4.22 3.19 Total Current Assets 9.69 7.67 Interest Expense 0.42049 0.2382 Fixed Assets 0.41828 0.3194 Income Before Tax 1.23 0.48532 Total Assets 25.97 19.01 Income Tax Expense 0.01522 -0.07361 Accounts...
Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in...
Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in billions): 2018 3.79 0 0 2017 2.82 0 0 Income Statement Sales Cost of Goods Sold Gross Profit SG&A Exp Interest Expense Income Before Tax Income Tax Expense Net Income 2018 15.79 9.97 5.82 4.22 0.42049 1.23 0.01522 1.21 9.69 2017 Balance Sheet 11.69 Cash 7.66 Marketable Securities 4.03 Inventory 3.19 Total Current Assets 0.2382 Fixed Assets 0.48532 Total Assets -0.07361 Accounts Payable 0.56893...
ALX Corp. has the following financial statements for years 2018 and 2017: $m $m Income statement...
ALX Corp. has the following financial statements for years 2018 and 2017: $m $m Income statement 2018 2017 Revenue $ 1,500 $ 1,300 EBITDA $ 160 $ 150 Dep. & Amor $ 30 $ 25 EBIT $ 130 $ 125 Net Income $ 21 $ 20 EBT $ 109 $ 105 Taxes (35%) Net Income Balance Sheet 2018 2017 Current Assets $ 340 $ 250 Net Plant & Equip. $ 370 $ 340 Total Assets $ 710 $ 690 Current...
Birtle Corporation reports the following statement of financial position information for 2017 and 2018. Assets 2017...
Birtle Corporation reports the following statement of financial position information for 2017 and 2018. Assets 2017 2018 Current assets Cash Accounts receivable Inventory Total $ 43,805 16,843 $ 9,279 23,683 42,636 $ 75,598 BIRTLE CORPORATION 2017 and 2018 Statement of Financial Position Liabilities and Owners' Equity 2018 2017 Current liabilities $ 11,173 Accounts payable $ 41,060 25,760 Notes payable 16, 157 46,915 $ 83, 848 Total $ 57,217 Long-term debt $ 40,000 Owners' equity Common stock and paid-in surplus $...
Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in billions): Income Statement 2018 2017 Balance Sheet 2018 2017 Sales 15.79 11.69 Cash 3.79 2.82 Cost of Goods Sold 9.97 7.66 Marketable Securities 0 0 Gross Profit 5.82 4.03 Inventory 0 0 SGSA Exp. 4.22 3.19 Total Current Assets 9.69 7.67 Interest Expense 0.42049 0.2382 Fixed Assets 0.41828 0.3194 Income Before Tax 1.23 0.48532 Total Assets 25.97 19.01 Income Tax Expense 0.01522 -0.07361 Accounts...
Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in billions): Income Statement 2018 2017 Balance Sheet 218 2017 Sales 15.79 11.69 Cash 3.79 2.82 Cost of Goods Sold 9.97 7.66 Marketable Securities 0 0 Gross Profit 5.82 4.03 Inventory 0 0 SG&A Exp 4.22 3.19 Total Current Assets 9.69 7.67 Interest Expense 0.42049 0.2382 Fixed Assets 0.41828 0.3194 Income Before Tax 1.23 0.48532 Total Assets 25.97 19.01 Income Tax Expense 0.01522 -0.07361 Accounts...
Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in billions): DO Income Statement 2018 2017 Balance Sheet 2018 2017 Sales 15.79 11.69 Cash 3.79 2.82 Cost of Goods Sold 9.97 7.66 Marketable Securities 0 Gross Profit 5.82 4.03 Inventory 0 SG&A Exp 422 3.19 Total Current Assets 9.69 7.67 Interest Expense 0.42049 0.2382 Fixed Assets 0.41828 0.3194 Income Before Tax 1.23 0.48532 Total Assets 25.97 19.01 Income Tax Expense 0.01522 -0.07361 Accounts Payable...
Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in billions): Income Statement 2018 2017 Balance Sheet 2018 2017 Sales 15.79 11.69 Cash 3.79 2.82 Cost of Goods Sold 9.97 7.66 Marketable Securities 0 0 Gross Profit 5.82 4.03 Inventory 0 0 SG&A Exp. 4.22 3.19 Total Current Assets 9.69 7.67 Interest Expense 0.42049 0.2382 Fixed Assets 0.41828 0.3194 Income Before Tax 1.23 0.48532 Total Assets 25.97 19.01 Income Tax Expense 0.01522 -0.07361 Accounts...
Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in billions): Income Statement 2018 2017 Balance Sheet 2018 2017 Sales 15.79 11.69 Cash 3.79 2.82 Cost of Goods Sold 9.97 7.66 Marketable Securities 0 0 Gross Profit 5.82 4.03 Inventory 0 0 SGBA Exp. 4.22 3.19 Total Current Assets 9.69 7.67 Interest Expense 0.42049 0.2382 Fixed Assets 0.41828 0.3194 Income Before Tax 1.23 0.48532 Total Assets 25.97 19.01 Income Tax Expense 0.01522 -0.07361 Accounts...
DO Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in billions): Income Statement 2018 2017 Balance Sheet 2018 2017 Sales 15.79 11.69 Cash 3.79 2.82 Cost of Goods Sold 9.97 7.66 Marketable Securities 0 Gross Profit 5.82 4.03 Inventory 0 SG&A Exp 4.22 3.19 Total Current Assets 9.69 7.67 Interest Expense 0.42049 0.2382 Fixed Assets 0.41828 0.3194 Income Before Tax 1.23 0.48532 Total Assets 25.97 19.01 Income Tax Expense 0.01522 -0.07361 Accounts Payable...
Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in bilions): Income Statement 2018 2017 Balance Sheet 2018 2017 Sales 15.79 11.69 Cash 3.79 2.82 Cost of Goods Sold 9.97 7.66 Marketable Securities 0 0 Gross Profit 5.82 4.03 Inventory 0 0 SG&A Exp 4.22 3.19 Total Current Assets 9.69 7.67 Interest Expense 0.42049 0.2382 Fixed Assets 0.41828 0.3194 Income Before Tax 1.23 0.48532 Total Assets 25.97 19.01 Income Tax Expense 0.01522 -0.07361 Accounts...
Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in billions): 2018 3.79 0 0 2017 2.82 0 0 Income Statement Sales Cost of Goods Sold Gross Profit SG&A Exp Interest Expense Income Before Tax Income Tax Expense Net Income 2018 15.79 9.97 5.82 4.22 0.42049 1.23 0.01522 1.21 9.69 2017 Balance Sheet 11.69 Cash 7.66 Marketable Securities 4.03 Inventory 3.19 Total Current Assets 0.2382 Fixed Assets 0.48532 Total Assets -0.07361 Accounts Payable 0.56893...
Birtle Corporation reports the following statement of financial position information for 2017 and 2018. Assets 2017 2018 Current assets Cash Accounts receivable Inventory Total $ 43,805 16,843 $ 9,279 23,683 42,636 $ 75,598 BIRTLE CORPORATION 2017 and 2018 Statement of Financial Position Liabilities and Owners' Equity 2018 2017 Current liabilities $ 11,173 Accounts payable $ 41,060 25,760 Notes payable 16, 157 46,915 $ 83, 848 Total $ 57,217 Long-term debt $ 40,000 Owners' equity Common stock and paid-in surplus $...
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