XYZ Company Debt 725 Total Assets 1365 Inventory 375 Current Assets 900 Current Liabilities 500 Total...
|
XYZ Company |
||||
|
Debt |
725 |
Total Assets |
1365 |
|
|
Inventory |
375 |
Current Assets |
900 |
|
|
Current Liabilities |
500 |
Total Equity |
1500 |
|
|
Cost of Goods Sold |
1150 |
Sales |
1200 |
|
|
Operating Profit |
330 |
Taxes |
150 |
|
Use the above chart to calculate the following
- Quick Ratio – (5pts)
- Current Ratio – (5pts)
- Inventory Turnover – (5pts)
- Debt Ratio – (5pts)
- Total Asset Turnover – (5pts)
Homework Answers
Add Answer to:
XYZ Company
Debt
725
Total Assets
1365
Inventory
375
Current Assets
900
Current Liabilities
500
Total...
assume the assets are 1500,000, current liabilities are 250,000, inventory is 50,000, total debt is 1200,000and...
assume the assets are 1500,000, current liabilities are 250,000, inventory is 50,000, total debt is 1200,000and total assets are 3,500,000. Compute the liquidity and leverage ratios for this organization. Assume the net sales for the organization are 1750,000. Compute the asset turnover activity ratio. comment 1-2 sentence regarding the health of the organization based upon your computations
Assets Current assets Cash Accounts receivable Inventory FUT VUUS) 2018 2019 2018 2019 Liabilities and Owners'...
Assets Current assets Cash Accounts receivable Inventory FUT VUUS) 2018 2019 2018 2019 Liabilities and Owners' Equity Current liabilities $ 100 $ 115 Accounts payable $ 75 $ 105 170 150 Notes payable 100 120 120 120 Total $ 390 $ 385 Total $ 175 $ 225 $ 250 $ 290 Long-term debt Owners' equity Common stock Accumulated retained earnings 122 $ 190 $ 275 Fixed assets 348 Net plant and equipment $ 500 $ 600 Total Equity $ 465...
Complete the following balance sheet for the Range Company using the following information: Debt to Assets...
Complete the following balance sheet for the Range Company using the following information: Debt to Assets = 60% Quick Ratio = 1.1 Asset Turnover = 5x Capital Asset Turnover = 12.037x Current Ratio = 2 Average Collection Period = 17.0708 days Assume all sales are on credit. Cash _______ Current Liabilities _______ Receivables _______ Bonds Payable _______ Inventory _______ Total Liabilities _______ Total Current Assets _______ Net Worth _______ Plant and Equipment _______ Total Assets $325,000 Total Liab and...
Inventory 933,400 Total current assets $ 1,967,860 Long-term debt $ 5,050,000 Fixed assets Owners' equity Net...
Inventory 933,400 Total current assets $ 1,967,860 Long-term debt $ 5,050,000 Fixed assets Owners' equity Net plant and equipment $15,411,620 Common stock $ 322,500 Retained earnings 9,233,930 Total equity $ 9,556,430 Total assets $17,379,480 Total liabilities and owners' equity $17,379,480 Click here for a description of Table: Mini Case: Tuxedo Air Inc. 2015 Statement of Financial Position. Ught Airplane Industry Ratlos Lower Quartile Medlan Upper Quartile Current ratio 0.50 1.43 1.89 Quick ratio 0.21 0.38 0.62 Cash ratio 0.08 0.21...
Assets 2017 2018 2018 Current assets Cash Accounts receivable Inventory $ 24,236 14,348 27,892 $ 26,000...
Assets 2017 2018 2018 Current assets Cash Accounts receivable Inventory $ 24,236 14,348 27,892 $ 26,000 17,100 29.000 $ 72,100 Liabilities and Owners' Equity 2017 Current liabilities Accounts payable $ 25,084 Notes payable 19,000 Other 13,471 $ 29,000 12,700 18,300 Total $ 66,476 Total $ 57,555 $ 60,000 $ 87,698 Long-term debt $ 88,000 S 45.000 Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 45,000 219,616 244,302 Fixed assets Net plant and equipment $343,695 $364 900 Total...
Liquidity Current ratio 2014 = current assets/current liabilities 204,000/89,000 = 2.292 for 2014 and 230,000/90,000 =...
Liquidity Current ratio 2014 = current assets/current liabilities 204,000/89,000 = 2.292 for 2014 and 230,000/90,000 = 2.555 for 2015 Quick Ratio = current assets-inventory/current liabilities 204,000-66,000/89000= 1.550 for 2014 and 230,000-75000/90,000 = 1.722 for 2015 Accounts receivable turnover Credit sales/average debts Average debt 75000+82000/2 = 78500 Total sales = 3,199,900/78500 = 40.76 times (2015) Days sales outstanding = average accounts receivable/sales credit 78500/3199900 x 360 = 8.83 days (2015) Inventory turnover 66,000+75,000/2 = 70,500 Inventory turnover ratio = cost of...
Given the financial statements for Jones Corporation and Smith Corporation: JONES CORPORATION Current Assets Liabilities Cash...
Given the financial statements for Jones Corporation and Smith Corporation: JONES CORPORATION Current Assets Liabilities Cash $ 22,000 Accounts payable $ 127,000 Accounts receivable 81,100 Bonds payable (long term) 85,600 Inventory 50,000 Long-Term Assets Stockholders' Equity Gross fixed assets $ 526,000 Common stock $ 150,000 Less: Accumulated depreciation 150,700 Paid-in capital 70,000 Net fixed assets* 375,300 Retained earnings 95,800 Total assets $ 528,400 Total liabilities and equity $ 528,400 Sales (on credit) $ 1,326,000 Cost of goods sold 790,000...
Given the financial statements for Jones Corporation and Smith Corporation: JONES CORPORATION Current Assets Liabilities Cash...
Given the financial statements for Jones Corporation and Smith Corporation: JONES CORPORATION Current Assets Liabilities Cash $ 22,000 Accounts payable $ 127,000 Accounts receivable 81,100 Bonds payable (long term) 85,600 Inventory 50,000 Long-Term Assets Stockholders' Equity Gross fixed assets $ 526,000 Common stock $ 150,000 Less: Accumulated depreciation 150,700 Paid-in capital 70,000 Net fixed assets* 375,300 Retained earnings 95,800 Total assets $ 528,400 Total liabilities and equity $ 528,400 Sales (on credit) $ 1,326,000 Cost of goods sold 790,000...
Given the financial statements for Jones Corporation and Smith Corporation JONES CORPORATION Current Assets Liabilities Cash...
Given the financial statements for Jones Corporation and Smith Corporation JONES CORPORATION Current Assets Liabilities Cash Accounts receivable Inventory $ 25,800 Accounts payable S188,000 80,400 88,700 54,200 Bonds payable (long term) Long-Term Assets Stockholders' Equity $578,000 153,900 Gross fixed assets Common stock $150,000 70,000 104,400 $592,800 Less: Accumulated Paid-in capital 424,100 Retained earnings $592,800 Net fixed assets* Total assets Total liabilities and equity Sales (on credit) Cost of goods sold Gross profit Selling and administrative $1,717,000 782,000 $935,000 283,000 nse...
A firm with inventory of $175, total current assets of $722, and current liabilities of $625...
A firm with inventory of $175, total current assets of $722, and current liabilities of $625 has a quick ratio of:
Assets Current assets Cash Accounts receivable Inventory FUT VUUS) 2018 2019 2018 2019 Liabilities and Owners' Equity Current liabilities $ 100 $ 115 Accounts payable $ 75 $ 105 170 150 Notes payable 100 120 120 120 Total $ 390 $ 385 Total $ 175 $ 225 $ 250 $ 290 Long-term debt Owners' equity Common stock Accumulated retained earnings 122 $ 190 $ 275 Fixed assets 348 Net plant and equipment $ 500 $ 600 Total Equity $ 465...
Inventory 933,400 Total current assets $ 1,967,860 Long-term debt $ 5,050,000 Fixed assets Owners' equity Net plant and equipment $15,411,620 Common stock $ 322,500 Retained earnings 9,233,930 Total equity $ 9,556,430 Total assets $17,379,480 Total liabilities and owners' equity $17,379,480 Click here for a description of Table: Mini Case: Tuxedo Air Inc. 2015 Statement of Financial Position. Ught Airplane Industry Ratlos Lower Quartile Medlan Upper Quartile Current ratio 0.50 1.43 1.89 Quick ratio 0.21 0.38 0.62 Cash ratio 0.08 0.21...
Assets 2017 2018 2018 Current assets Cash Accounts receivable Inventory $ 24,236 14,348 27,892 $ 26,000 17,100 29.000 $ 72,100 Liabilities and Owners' Equity 2017 Current liabilities Accounts payable $ 25,084 Notes payable 19,000 Other 13,471 $ 29,000 12,700 18,300 Total $ 66,476 Total $ 57,555 $ 60,000 $ 87,698 Long-term debt $ 88,000 S 45.000 Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 45,000 219,616 244,302 Fixed assets Net plant and equipment $343,695 $364 900 Total...
Given the financial statements for Jones Corporation and Smith Corporation JONES CORPORATION Current Assets Liabilities Cash Accounts receivable Inventory $ 25,800 Accounts payable S188,000 80,400 88,700 54,200 Bonds payable (long term) Long-Term Assets Stockholders' Equity $578,000 153,900 Gross fixed assets Common stock $150,000 70,000 104,400 $592,800 Less: Accumulated Paid-in capital 424,100 Retained earnings $592,800 Net fixed assets* Total assets Total liabilities and equity Sales (on credit) Cost of goods sold Gross profit Selling and administrative $1,717,000 782,000 $935,000 283,000 nse...
Most questions answered within 3 hours.
-
A statistics student finds herself struggling with a newspaper
article stating that only eighteen percent of...
asked 20 minutes ago -
People with beriberi, a disease caused by a thiamin deficiency,
have elevated levels of blood pyruvate...
asked 7 minutes ago -
PYTHON Programming Exercise 2: Create a Simple Cost Calculator
Write a program that displays input fields...
asked 13 minutes ago -
1.Seki agreed that Groupon could sell 18 hot air
balloon rides on his Magical Adventures company...
asked 14 minutes ago -
A cohort study is conducted to determine whether smoking is
associated with an increased risk of...
asked 19 minutes ago -
Create the pseudo-code/flowchart for an application class named
Monogram. Its main() method inputs three variables that...
asked 20 minutes ago -
How many liters of water are required to dissolve 1.00 g of
silver chromate? Express your...
asked 23 minutes ago -
Hot: T_inlet = 80, T_out = 65
Cold: T_inlet = 10, T_out = 25
Explain in...
asked 23 minutes ago -
Two protons fly in different directions and collide. They both
have a total energy of 1.5...
asked 32 minutes ago -
What is the oxidation number of each atom in sodium phosphate,
Na3PO4?
>>> SHOW YOUR WORK...
asked 39 minutes ago -
D company purchased goods with a list price of $60000, subject
to trade discounts of 20%...
asked 41 minutes ago -
Transposable elements make up more than 40% of the human genome
and are inserted more-or-less randomly...
asked 52 minutes ago