Homework Answers
a. Accounts Rceivable
From the given data we can find the accounts receivable by applying the average collection period formula.
Avg Collection Period = (Accounts Receivable / Sales) x 365
We know that the Collection Period is 40.55 days, lets input that in the formula
We get, 40.55 x 1000 (sales) / 365 = 112
Accounts Receivables = $112 million
b. Current Assets
Current Ratio = Current Assets / Current Liabilities
3 = Current Assets / 105.5
Therefore, Current Assets = 105.5 x 3 = $316.5 million
c. Total Assets
Total assets = Fixed assets + Current assets
Total assets = 283.5 + 316.5 = $600 million
d. ROA
Return on Assets = Net Income / Total Assets
ROA = 50 / 600 = 8.33%
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Quiz # 1 IENG 485 Financial Engineering & Risk Management I.D.: Name: The following data (on...
CP 13–1 Required: Match the following ratios with the appropriate formula. I have attached the full...
CP 13–1
Required: Match the following ratios with the appropriate
formula.
I have attached the full question and workbook for the answers
to be filled into below. The answers MUST BE PUT INTO THIS
WORKBOOK FORMAT or I won't understand them. Also, I can't
understand handwriting that's not my own, so please DO
NOT give handwritten answers. Thank you!
This is the Workbook below:
CP 13-1 Required: Match the following ratios with the appropriate formula. Formula a. Income from operations...
QUESTION 3 From following financial statements, calculate following ratios and analyse the current year and previous...
QUESTION 3 From following financial statements, calculate following ratios and analyse the current year and previous year performance a) Current ratio. b) Days sales outstanding (DSO). (Sales 2017 RM500m & Sales 2018 RM600m) c) Inventory turnover ratio d) Total debt to assets e) Return on assets (ROA) (Net income 2017 RM42m &Net income 2018 RM58m) Moon Inc. Balance Sheet (RM millions) as at December 31, 2015 and 2016 2015 21 51 2016 20 84 Cash Accounts receivable Inventory Prepaid expenses...
Hi need some help Calculating the Liquidity, solvency and profitability of Marriott Intercontinental with the Financial...
Hi
need some help Calculating the Liquidity, solvency and
profitability of Marriott Intercontinental with the Financial
Statement of Year 2012. Please, I would appreciate a brief
description of how was calculated everything to understand the
exercise.
Liquidity Working capital Current ratio Current cash debt coverage Inventory turnover Days in inventory Accounts receivable turnover Average collection period Current assets-Current liabilities Current assets Current liabilities Net cash provided by operating activities Average current liabilities Cost of goods sold Average inventory 365 days...
Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for...
Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2022 are presented below. End of Year Beginning of Year Cash and cash equivalents $790 $67 Accounts receivable (net) 2,000 1,850 Inventory 890 900 Other current assets 290 333 Total current assets $3,970 $3,150 Total current liabilities $2,050 $1,600 For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and net cash provided by operating activities was $1,251...
Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for...
Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2022 are presented below. End of Year Beginning of Year Cash and cash equivalents $ 760 $ 77 Accounts receivable (net) 2,080 1,890 Inventory 810 890 Other current assets 730 363 Total current assets $4,380 $3,220 Total current liabilities $2,000 $1,610 For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and net cash provided by operating activities...
Hypothetical Financial Data
Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions).TargetCorporationWal-MartStores, Inc.Income Statement Data for YearNet sales$66,700$409,000Cost of goods sold46,000306,000Selling and administrative expenses14,70076,000Interest expense6501,800Other income (expense)(95)(420)Income tax expense1,4007,200Net income$ 3,855$ 17,580Balance Sheet Data(End of Year)Current assets$19,000$48,000Noncurrent assets25,600120,000Total assets$44,600$168,000Current liabilities$10,000$55,000Long-term debt18,20044,000Total stockholders’ equity16,40069,000Total liabilities and stockholders’ equity$44,600$168,000Beginning-of-Year BalancesTotal assets$43,000$162,000Total stockholders’ equity13,50066,000Current liabilities10,50055,000Total liabilities29,50096,000Other DataAverage net accounts receivable$7,800$3,900Average inventory7,00033,700Net cash provided by operating activities5,60026,800Capital expenditures1,80012,400Dividends4604,500For each company, compute the following ratios. (Round current ratio answers to 2 decimal places, e.g. 15.50, debt to assets ratio...
*Exercise 9-7 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in...
*Exercise 9-7 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2017 are presented below. End of Year $ 795 2,035 Beginning of Year $ 72 1,942 Cash and cash equivalents Accounts receivable (net) Inventory Other current assets Total current assets 898 900 303 326 $4,054 $3,217 $1,601 Total current liabilities $2,014 For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and net cash provided by...
Exercise 13-07 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in...
Exercise 13-07 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020 are presented below. Cash and cash equivalents Accounts receivable (net) Inventory Other current assets End of Year $ 750 1,910 840 Beginning of Year $ 73 1,900 910 910 417 Total current assets $4,410 $3,300 Total current liabilities $2,070 $1,590 For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and net cash provided by...
The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December...
The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash Accounts receivable, net Merchandise inventory Prepaid expenses $ 24,000 190,000 310,000 11,000 Total current assets Property and equipment, net 535,000 900,000 Total assets $1,435,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 11% $ 230,000 390,000 620,000 Total liabilities Stockholders' equity: Common stock, $5 par value Retained earnings $ 120,000 695,000 Total stockholders' equity 815,000 Total liabilities and...
Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for...
Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2017 are presented below. End of Year Beginning of Year Cash and cash equivalents $ 810 $ 79 Accounts receivable (net) 2,070 1,890 Inventory 880 910 Other current assets 490 401 Total current assets $4,250 $3,280 Total current liabilities $2,040 $1,630 For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and net cash provided by operating activities...
CP 13–1
Required: Match the following ratios with the appropriate
formula.
I have attached the full question and workbook for the answers
to be filled into below. The answers MUST BE PUT INTO THIS
WORKBOOK FORMAT or I won't understand them. Also, I can't
understand handwriting that's not my own, so please DO
NOT give handwritten answers. Thank you!
This is the Workbook below:
CP 13-1 Required: Match the following ratios with the appropriate formula. Formula a. Income from operations...
QUESTION 3 From following financial statements, calculate following ratios and analyse the current year and previous year performance a) Current ratio. b) Days sales outstanding (DSO). (Sales 2017 RM500m & Sales 2018 RM600m) c) Inventory turnover ratio d) Total debt to assets e) Return on assets (ROA) (Net income 2017 RM42m &Net income 2018 RM58m) Moon Inc. Balance Sheet (RM millions) as at December 31, 2015 and 2016 2015 21 51 2016 20 84 Cash Accounts receivable Inventory Prepaid expenses...
Hi
need some help Calculating the Liquidity, solvency and
profitability of Marriott Intercontinental with the Financial
Statement of Year 2012. Please, I would appreciate a brief
description of how was calculated everything to understand the
exercise.
Liquidity Working capital Current ratio Current cash debt coverage Inventory turnover Days in inventory Accounts receivable turnover Average collection period Current assets-Current liabilities Current assets Current liabilities Net cash provided by operating activities Average current liabilities Cost of goods sold Average inventory 365 days...
Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2022 are presented below. End of Year Beginning of Year Cash and cash equivalents $790 $67 Accounts receivable (net) 2,000 1,850 Inventory 890 900 Other current assets 290 333 Total current assets $3,970 $3,150 Total current liabilities $2,050 $1,600 For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and net cash provided by operating activities was $1,251...
*Exercise 9-7 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2017 are presented below. End of Year $ 795 2,035 Beginning of Year $ 72 1,942 Cash and cash equivalents Accounts receivable (net) Inventory Other current assets Total current assets 898 900 303 326 $4,054 $3,217 $1,601 Total current liabilities $2,014 For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and net cash provided by...
Exercise 13-07 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020 are presented below. Cash and cash equivalents Accounts receivable (net) Inventory Other current assets End of Year $ 750 1,910 840 Beginning of Year $ 73 1,900 910 910 417 Total current assets $4,410 $3,300 Total current liabilities $2,070 $1,590 For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and net cash provided by...
The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash Accounts receivable, net Merchandise inventory Prepaid expenses $ 24,000 190,000 310,000 11,000 Total current assets Property and equipment, net 535,000 900,000 Total assets $1,435,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 11% $ 230,000 390,000 620,000 Total liabilities Stockholders' equity: Common stock, $5 par value Retained earnings $ 120,000 695,000 Total stockholders' equity 815,000 Total liabilities and...
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