Q5. Al Hasan Engineering had total contract revenues of O.R 4000,000 in 2015. The company’s gross...
Q5. Al Hasan Engineering had total contract revenues of O.R 4000,000 in 2015. The company’s gross profit margin is 15%, its accounts receivable is O.R 1,500,000. Calculate the accounts receivable turnover ratio for Al Hasan engineering? ……
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Q5. Al Hasan Engineering had total contract revenues of O.R
4000,000 in 2015. The company’s gross...
Ratio proficiency McDougal Printing, Inc., had sales totaling $43,000,000 in fiscal year 2015. Some ratios for...
Ratio proficiency McDougal Printing, Inc., had sales totaling $43,000,000 in fiscal year 2015. Some ratios for the company are listed below. Use this information to determine the dollar values of various income statement and balance sheet accounts as requested. Assume a 365-day year McDougal Printing, Inc. Year Ended December 31, 2015 Calculate values for the following: a. Gross profits b. Cost of goods sold c. Operating profits d. Operating expenses e. Earnings available for common stockholders f. Total assets g....
tax expense will be RUH Inc. has camins before ses or SO 000 in 2015. The...
tax expense will be RUH Inc. has camins before ses or SO 000 in 2015. The company's tax expense A) $20.000 ) 23.250. C) 515,450 D) $27.200 ammo size income statements represent al figures on the income statement A) as a percentage of total assets. B) as a percentage change from the previous year. C) as a percentage of some benchmark figure. Di percent of the current year's sales, 9) Which of the following is the best indicator of mannen...
Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profitsdivided by÷sales) Of 27 percen...
Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profitsdivided by÷sales) Of 27 percent and sales of 9.1 million last year. 71percent of the firm's sales are on credit, and the remainder are cash sales. Brenmar's current assets equal $1.5 million, its current liabilities equal $ 297,700 and it has $ 107,200 in cash plus marketable securities. a. If Brenmar's accounts receivable equal $562,500, what is its average collection period? b. If Brenmar reduces its average collection...
The Brenmar Sales Company had a gross profit margin (gross profits divided by sales) of 29...
The Brenmar Sales Company had a gross profit margin (gross profits divided by sales) of 29 percent and sales of $8.1 million last year. 78 percent of the firm's sales are on credit, and the remainder are cash sales. Brenmar's current assets equal $1.8 million, its current liabilities equal $298,800 and it has $107,300 in cash plus marketable securties. A. If Brenmar's accounts receivale equal $561,600, what is is average collection period? B. If Brenmar reduces its average collection period...
The Brenmar Sales Company had a gross profit margin (gross profits divided by sales) of 25...
The Brenmar Sales Company had a gross profit margin (gross profits divided by sales) of 25 percent and sales of $ 8.1 million last year. 75 percent of the firm's sales are on credit, and the remainder are cash sales. Brenmar's current assets equal $ 1.3 million, its current liabilities equal $ 301300, and it has $ 102900 in cash plus marketable securities. a. If Brenmar's accounts receivable equal $ 562400, what is its average collection period? b. If...
5. Calculate the 2015 financial ratios for Phocbe Corporation rounded to the nearest tenth and put...
5. Calculate the 2015 financial ratios for Phocbe Corporation rounded to the nearest tenth and put a checkmark in tbe row in which Phorbe's ratios are better than the industry average: Ratio Gross Profit Margin Net Profit Margin Current Ratio Inventory Turnover Receivables Turnover Phoebe Corporation (2015) Industry Averages Phocbe is Better 55.0% 27.5% 3.3 % % 15.5 8.5 Select Financial Ratios What It Measures Eficiency of operations and product pricing Lisiency afher all expenses are considered Short-run debt-paying ability...
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profits ÷ sales) of 26 percent and sales of $8.3 million last year.
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profits ÷ sales) of 26 percent and sales of $8.3 million last year. 70 percent of the firm's sales are on credit, and the remainder are cash sales. Brenmar's current assets equal $1.4 million, its current liabilities equal $295,500, and it has $109,900 in cash plus marketable securities. a. If Brenmar's accounts receivable equal $561,700, what is its average collection period? b. If Brenmar reduces its average collection period to...
Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,800...
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,800
$
36,000
$
37,200
Accounts receivable, net
88,100
62,000
50,500
Merchandise inventory
111,000
83,800
54,500
Prepaid expenses
10,300
9,350
4,600
Plant assets, net
280,000
257,000
235,000
Total assets
$
521,200
$
448,150
$
381,800
Liabilities and Equity
Accounts payable
$
129,200
$
75,250
$
50,400
Long-term notes payable secured by
mortgages on plant assets
98,000
100,000
82,600
Common stock, $10 par value
161,500
161,500...
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profitsdivided by÷sales) of 32...
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profitsdivided by÷sales) of 32 percent and sales of $9.8 million last year. 79 percent of the firm's sales are on credit, and the remainder are cash sales. Brenmar's current assets equal $1.7 million, its current liabilities equal $297,000, and it has $107,400 in cash plus marketable securities. a. If Brenmar's accounts receivable equal $562,100, what is its average collection period? b. If Brenmar reduces its average collection...
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profits = sales) of...
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profits = sales) of 28 percent and sales of $8.9 million last year. 78 percent of the firm's sales are on credit, and the remainder are cash sales. Brenmar's current assets equal $1.2 million, its current liabilities equal $299,900, and it has $109,300 in cash plus marketable securities. a. If Brenmar's accounts receivable equal $563,300, what is its average collection period? b. If Brenmar reduces its average collection...
Ratio proficiency McDougal Printing, Inc., had sales totaling $43,000,000 in fiscal year 2015. Some ratios for the company are listed below. Use this information to determine the dollar values of various income statement and balance sheet accounts as requested. Assume a 365-day year McDougal Printing, Inc. Year Ended December 31, 2015 Calculate values for the following: a. Gross profits b. Cost of goods sold c. Operating profits d. Operating expenses e. Earnings available for common stockholders f. Total assets g....
tax expense will be RUH Inc. has camins before ses or SO 000 in 2015. The company's tax expense A) $20.000 ) 23.250. C) 515,450 D) $27.200 ammo size income statements represent al figures on the income statement A) as a percentage of total assets. B) as a percentage change from the previous year. C) as a percentage of some benchmark figure. Di percent of the current year's sales, 9) Which of the following is the best indicator of mannen...
5. Calculate the 2015 financial ratios for Phocbe Corporation rounded to the nearest tenth and put a checkmark in tbe row in which Phorbe's ratios are better than the industry average: Ratio Gross Profit Margin Net Profit Margin Current Ratio Inventory Turnover Receivables Turnover Phoebe Corporation (2015) Industry Averages Phocbe is Better 55.0% 27.5% 3.3 % % 15.5 8.5 Select Financial Ratios What It Measures Eficiency of operations and product pricing Lisiency afher all expenses are considered Short-run debt-paying ability...
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,800
$
36,000
$
37,200
Accounts receivable, net
88,100
62,000
50,500
Merchandise inventory
111,000
83,800
54,500
Prepaid expenses
10,300
9,350
4,600
Plant assets, net
280,000
257,000
235,000
Total assets
$
521,200
$
448,150
$
381,800
Liabilities and Equity
Accounts payable
$
129,200
$
75,250
$
50,400
Long-term notes payable secured by
mortgages on plant assets
98,000
100,000
82,600
Common stock, $10 par value
161,500
161,500...
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profits = sales) of 28 percent and sales of $8.9 million last year. 78 percent of the firm's sales are on credit, and the remainder are cash sales. Brenmar's current assets equal $1.2 million, its current liabilities equal $299,900, and it has $109,300 in cash plus marketable securities. a. If Brenmar's accounts receivable equal $563,300, what is its average collection period? b. If Brenmar reduces its average collection...
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