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More Info X Х a. Current ratio b. Cash ratio c. Acid-test ratio d. Inventory turnover...
prepare the following ratios for the current year. current ratio acid test ratio inventory turnover Days...
prepare the following ratios for the current
year.
current ratio
acid test ratio
inventory turnover
Days sales in average receivables.
- Х Requirements Virginia's Crafts has provided the following data: (Click the icon to view the financial information.) Read the requirements Compute the following ratios for the current year for Virginia's Crafts: a. Current ratio b. Acid-test ratio c. Inventory turnover d. Days' sales in average receivables (assume all sales are on credit) a. Current ratio Enter the formula on...
the financial statements of victors natural foods include the following items Compute the following ratios for...
the financial statements of victors natural foods include the
following items
Compute the following ratios for the current year (Click the ioon to view the ratios.) The financial statements of Victor's Natural Foods include the following items: (Click the ioon to view the financial statements.) a. Compute the current ratio for the current year. (Abbreviations used: STI Short-term investments Round your answer to two decimal places, X.XX) Current ratio b. Compute the cash ratio for the current year. (Round your...
Shine's has 100,000 common shares outstanding during 2016, Requirements inventory turnover, days' sales in inventory, and...
Shine's has 100,000 common shares outstanding during 2016, Requirements inventory turnover, days' sales in inventory, and gross profit percentage for Shine's Companies for 2016. 2. Compute days' sales in receivables during 2016. Round dollar amounts to three decimal places. Assume all sales were on account. 3. What do these ratios say about Shine's Companies' ability to sell inventory and collect receivables? Requirement 1. Compute the inventory turnover, days' sales in inventory, and gross profit percentage for Shine's Companies for 2016...
i Data Table s and compute the Year Preceding Year e acid-test ratio fo je Inv....
i Data Table s and compute the Year Preceding Year e acid-test ratio fo je Inv. = Merchandi Balance Sheet: Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Prepaid Expenses Total Current Assets Total Current Liabilities 15,000 $ 6,000 21,100 32,600 7,900 82,600 55,400 13,000 11,500 22,300 29,700 4,900 81,400 38,200 uts and compute the Income Statement: Net Sales Revenue Cost of Goods Sold 187,500 127,100 Print Done mnts and compute the Jercent, X%). Felds and then continue to the...
ACCT 102, Winter 2018-2019 uiz: CHAPT 15 (Quiz) 4 of 6 (2 co his Question: 1...
ACCT 102, Winter 2018-2019 uiz: CHAPT 15 (Quiz) 4 of 6 (2 co his Question: 1 pt The financial statements 囲(click the icon to ve O Financal Statements nswer to tw a. Compute the current a Current ratio = L b. Compute the cash ratic cash ratio =[ Current Year Preceding Year Balance Sheet: s 17,000$ 27,000 22,000 82,000 64,000 8,000 203,000 Cash | 15,000 62,000 74,000 11,000 179.000 Short-term Investments Compute theacid-testNet Accounts Merchandise Inventory Acid-test ratio Prepaid Expenses...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory outstanding (DIO), accounts receivable turnover, days' sales in average receivables or days' sales outstanding (DSO), accounts payable turnover, days' payable outstanding (DPO), and cash conversion cycle (in days). a. Use the cost of goods sold in the formula for accounts payable turnover. b. Use a 365-day year for calculations as needed. c. Use cell references from prior calculations, if applicable. (Always use cell references...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory outstanding (DIO), accounts receivable turnover, days' sales in average receivables or days' sales outstanding (DSO), accounts payable turnover, days' payable outstanding (DPO), and cash conversion cycle (in days). a. Use the cost of goods sold in the formula for accounts payable turnover. b. Use a 365-day year for calculations as needed. c. Use cell references from prior calculations, if applicable. (Always use cell references...
For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) inventory turnover
Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) inventory turnover, (e) days' sales in inventory, and (f) days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be the better short-term credit risk.
Total assets turnover: 1.2x Days sales outstanding: 30.5 daysa Inventory turnover ratio: 4x Fixed assets turnover:...
Total assets turnover: 1.2x Days sales outstanding: 30.5 daysa Inventory turnover ratio: 4x Fixed assets turnover: 3x Current ratio: 2x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 15% Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet Cash Current liabilities Accounts receivable Long-term debt 68,750 Inventories Common stock Fixed assets Retained earnings 82,500 Total assets $275,000 Total liabilities and equity Sales Cost of...
CASH CONVERSION CYCLE Chastain Corporation is trying to determine the effect of its inventory turnover ratio...
CASH CONVERSION CYCLE Chastain Corporation is trying to determine the effect of its inventory turnover ratio and days sales outstanding (DSO) on its cash conversion cycle. Chastain's 2016 sales (all on credit) were $183,000; its cost of goods sold is 80% of sales, and it earned a net profit of 4%, or $7,320. It turned over its inventory 4 times during the year, and its DSO was 39 days. The firm had fixed assets totaling $34,000. Chastain's payables deferral period...
prepare the following ratios for the current
year.
current ratio
acid test ratio
inventory turnover
Days sales in average receivables.
- Х Requirements Virginia's Crafts has provided the following data: (Click the icon to view the financial information.) Read the requirements Compute the following ratios for the current year for Virginia's Crafts: a. Current ratio b. Acid-test ratio c. Inventory turnover d. Days' sales in average receivables (assume all sales are on credit) a. Current ratio Enter the formula on...
the financial statements of victors natural foods include the
following items
Compute the following ratios for the current year (Click the ioon to view the ratios.) The financial statements of Victor's Natural Foods include the following items: (Click the ioon to view the financial statements.) a. Compute the current ratio for the current year. (Abbreviations used: STI Short-term investments Round your answer to two decimal places, X.XX) Current ratio b. Compute the cash ratio for the current year. (Round your...
Shine's has 100,000 common shares outstanding during 2016, Requirements inventory turnover, days' sales in inventory, and gross profit percentage for Shine's Companies for 2016. 2. Compute days' sales in receivables during 2016. Round dollar amounts to three decimal places. Assume all sales were on account. 3. What do these ratios say about Shine's Companies' ability to sell inventory and collect receivables? Requirement 1. Compute the inventory turnover, days' sales in inventory, and gross profit percentage for Shine's Companies for 2016...
i Data Table s and compute the Year Preceding Year e acid-test ratio fo je Inv. = Merchandi Balance Sheet: Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Prepaid Expenses Total Current Assets Total Current Liabilities 15,000 $ 6,000 21,100 32,600 7,900 82,600 55,400 13,000 11,500 22,300 29,700 4,900 81,400 38,200 uts and compute the Income Statement: Net Sales Revenue Cost of Goods Sold 187,500 127,100 Print Done mnts and compute the Jercent, X%). Felds and then continue to the...
ACCT 102, Winter 2018-2019 uiz: CHAPT 15 (Quiz) 4 of 6 (2 co his Question: 1 pt The financial statements 囲(click the icon to ve O Financal Statements nswer to tw a. Compute the current a Current ratio = L b. Compute the cash ratic cash ratio =[ Current Year Preceding Year Balance Sheet: s 17,000$ 27,000 22,000 82,000 64,000 8,000 203,000 Cash | 15,000 62,000 74,000 11,000 179.000 Short-term Investments Compute theacid-testNet Accounts Merchandise Inventory Acid-test ratio Prepaid Expenses...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory outstanding (DIO), accounts receivable turnover, days' sales in average receivables or days' sales outstanding (DSO), accounts payable turnover, days' payable outstanding (DPO), and cash conversion cycle (in days). a. Use the cost of goods sold in the formula for accounts payable turnover. b. Use a 365-day year for calculations as needed. c. Use cell references from prior calculations, if applicable. (Always use cell references...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory outstanding (DIO), accounts receivable turnover, days' sales in average receivables or days' sales outstanding (DSO), accounts payable turnover, days' payable outstanding (DPO), and cash conversion cycle (in days). a. Use the cost of goods sold in the formula for accounts payable turnover. b. Use a 365-day year for calculations as needed. c. Use cell references from prior calculations, if applicable. (Always use cell references...
Total assets turnover: 1.2x Days sales outstanding: 30.5 daysa Inventory turnover ratio: 4x Fixed assets turnover: 3x Current ratio: 2x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 15% Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet Cash Current liabilities Accounts receivable Long-term debt 68,750 Inventories Common stock Fixed assets Retained earnings 82,500 Total assets $275,000 Total liabilities and equity Sales Cost of...
CASH CONVERSION CYCLE Chastain Corporation is trying to determine the effect of its inventory turnover ratio and days sales outstanding (DSO) on its cash conversion cycle. Chastain's 2016 sales (all on credit) were $183,000; its cost of goods sold is 80% of sales, and it earned a net profit of 4%, or $7,320. It turned over its inventory 4 times during the year, and its DSO was 39 days. The firm had fixed assets totaling $34,000. Chastain's payables deferral period...
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