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The data given below were taken from the income statements of Metronix Corporation. Click the icon...
The data given below were taken from the income statements of Metronix Corporation. EEB Click the...
The data given below were taken from the income statements of Metronix Corporation. EEB Click the icon to view the financial data for Metronix Corporation Compute the inventory-turnover ratio for each year. The inventory-turnover ratio in 2017 is times. (Round to one decimal place.)
The following data were taken from the income statements of Wildhorse Co. Sales revenue Beginning inventory...
The following data were taken from the income statements of Wildhorse Co. Sales revenue Beginning inventory Purchases Ending inventory 2022 $6,420,000 969,500 4,814,000 1,178,000 2021 $6,296,000 842,800 4,679,000 969,500 Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) 2022 2021 Inventory turnover times times
The following data were taken from the income statements of Mydorf Company. Sales revenue Beginning inventory...
The following data were taken from the income statements of Mydorf Company. Sales revenue Beginning inventory Purchases 2020 $6,450,000 915,000 4,328,250 1,040,000 2019 $6,230,000 900,000 4,643,250 915,000 Ending inventory Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Inventory turnover times times LINK TO TEXT Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Days in inventory days...
The following data were taken from the income statements of Mydorf Company. 2020 2019 Sales revenue...
The following data were taken from the income statements of Mydorf Company. 2020 2019 Sales revenue $6,370,000 $6,170,000 Beginning inventory 915,000 865,000 Purchases 4,359,750 4,678,000 Ending inventory 1,050,000 915,000 Collapse question part (a1) Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Inventory turnover times times
Brief Exercise 18-12 a1-a2 The following data were taken from the income statements of Mydorf Company....
Brief Exercise 18-12 a1-a2 The following data were taken from the income statements of Mydorf Company. 2020 2019 Sales revenue $6,470,000 $6,220,000 Beginning inventory 920,000 850,000 Purchases 4,422,000 4,583,500 Ending inventory 1,100,000 920,000 Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Inventory turnover times times LINK TO TEXT Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2020 2019...
The comparative income statements and additional data for Harmon Decor, Inc., follow: (Click the icon to...
The comparative income statements and additional data for Harmon Decor, Inc., follow: (Click the icon to view the comparative income statements.) (Click the icon to view the additional data.) Read the requirement. Select the formula for each of the following component ratios, then calculate the ratios for 2018 and 2017. (Round ALL of your answers to three decimal places, X.XXX, and do not enter in percentage format. Ignore interest expense in your a Ratio Formula 2018 2017 ROS AT ROA...
Brief Exercise 13-12 a1-a2 (Part Level Submission) The following data were taken from the income statements...
Brief Exercise 13-12 a1-a2 (Part Level Submission) The following data were taken from the income statements of Crane Company. 2020 2019 Sales revenue Beginning inventory Purchases Ending inventory $6,385,000 934,000 4,646,200 1,040,000 $6,188,000 854,000 4,997,000 934,000 (a1) Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) 2020 2019 Inventory turnover times times Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2020...
The Dockside Shop had the following inventory data: Click the icon to view the inventory data)...
The Dockside Shop had the following inventory data: Click the icon to view the inventory data) Read the requirements Requirement 1. Dockside need to know the company's gross profit percentage and rate of inventory turnover for 2018 under (1) FIFO, and (2) LIFO. Begin by calculating the gross profit percentage. (Enter the percentage to the nearest tenth of a percent, XX%.) a FIFO b.LIFO Gross profit percentage % Data Table 2017 2018 Ending inventory at: FIFO Cost ........$ 21,510 $...
The comparative Income statements and donal data for Orange Decor, Inc., follow (Click the icon to...
The comparative Income statements and donal data for Orange Decor, Inc., follow (Click the icon to view the companive income statements) (Click the icon to view the additional data) Read the requirement Select the formula for each of the following componentation. Then the ratios for 2018 and 2017. Round ALL of your answer to the decimal places, XXX, and do not order in percentage format grotere esperise in your analysis) Ratio Formule 2010 2017 ROS (Net income. Preferred dividends) Net...
Data from the financial statements of Beautiful Candle Company included the following: Click the icon to...
Data from the financial statements of Beautiful Candle Company included the following: Click the icon to view the data.) Read the requirements. Requirements 1. Calculate the following ratios: a. Net profit margin; b. Asset turnover ratio, c. Leverage ratio, d. Return on assets (ROA); e. Return on equity (ROE). a. Begin by selecting the formula labels and then enter the amounts to calculate net profit margin. (Round your answer to one decimal place, X.X%.) = Net profit margin ratio %...
The data given below were taken from the income statements of Metronix Corporation. EEB Click the icon to view the financial data for Metronix Corporation Compute the inventory-turnover ratio for each year. The inventory-turnover ratio in 2017 is times. (Round to one decimal place.)
The following data were taken from the income statements of Wildhorse Co. Sales revenue Beginning inventory Purchases Ending inventory 2022 $6,420,000 969,500 4,814,000 1,178,000 2021 $6,296,000 842,800 4,679,000 969,500 Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) 2022 2021 Inventory turnover times times
The following data were taken from the income statements of Mydorf Company. Sales revenue Beginning inventory Purchases 2020 $6,450,000 915,000 4,328,250 1,040,000 2019 $6,230,000 900,000 4,643,250 915,000 Ending inventory Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Inventory turnover times times LINK TO TEXT Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Days in inventory days...
The comparative income statements and additional data for Harmon Decor, Inc., follow: (Click the icon to view the comparative income statements.) (Click the icon to view the additional data.) Read the requirement. Select the formula for each of the following component ratios, then calculate the ratios for 2018 and 2017. (Round ALL of your answers to three decimal places, X.XXX, and do not enter in percentage format. Ignore interest expense in your a Ratio Formula 2018 2017 ROS AT ROA...
Brief Exercise 13-12 a1-a2 (Part Level Submission) The following data were taken from the income statements of Crane Company. 2020 2019 Sales revenue Beginning inventory Purchases Ending inventory $6,385,000 934,000 4,646,200 1,040,000 $6,188,000 854,000 4,997,000 934,000 (a1) Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) 2020 2019 Inventory turnover times times Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2020...
The Dockside Shop had the following inventory data: Click the icon to view the inventory data) Read the requirements Requirement 1. Dockside need to know the company's gross profit percentage and rate of inventory turnover for 2018 under (1) FIFO, and (2) LIFO. Begin by calculating the gross profit percentage. (Enter the percentage to the nearest tenth of a percent, XX%.) a FIFO b.LIFO Gross profit percentage % Data Table 2017 2018 Ending inventory at: FIFO Cost ........$ 21,510 $...
The comparative Income statements and donal data for Orange Decor, Inc., follow (Click the icon to view the companive income statements) (Click the icon to view the additional data) Read the requirement Select the formula for each of the following componentation. Then the ratios for 2018 and 2017. Round ALL of your answer to the decimal places, XXX, and do not order in percentage format grotere esperise in your analysis) Ratio Formule 2010 2017 ROS (Net income. Preferred dividends) Net...
Data from the financial statements of Beautiful Candle Company included the following: Click the icon to view the data.) Read the requirements. Requirements 1. Calculate the following ratios: a. Net profit margin; b. Asset turnover ratio, c. Leverage ratio, d. Return on assets (ROA); e. Return on equity (ROE). a. Begin by selecting the formula labels and then enter the amounts to calculate net profit margin. (Round your answer to one decimal place, X.X%.) = Net profit margin ratio %...
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