Extract from the income statement and statement of financial position of a business shows following figure:...
Extract from the income statement and statement of financial
position of a business shows following figure: Sales- $250,000 Cost
of goods sold- $210,000 Purchases- $140,000 Inventory- $92,500 The
average receivables days and average payables days are 46 days and
5 days respectively. What is the working capital cycle in days of
the business?
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Extract from the income statement and statement of financial
position of a business shows following figure:...
The statement of financial position of a business at the start of the week is as...
The statement of financial position of a business at the start of the week is as follows: £ ASSETS Property 145,000 Furniture and fittings 63,000 Inventories 28,000 Trade receivables 33,000 Total assets 269,000 EQUITY AND LIABILITIES Equity 203,000 Short-term borrowing (bank overdraft) 43,000 Trade payables 23,000 Total equity and liabilities 269,000 During the week the following transactions take place: Sold inventories for £11,000 cash; these inventories had cost £8,000. Sold inventories for £23,000 on credit; these inventories had cost £17,000....
Generalized Statement 1. Based on the financial stalements for Jackson Enterprises (income statement, statement of owner's...
Generalized Statement 1. Based on the financial stalements for Jackson Enterprises (income statement, statement of owner's equity, and balance sheet) shown below, prepare the following financial ratios. All sales are credit sales. The Accounts Receivable balance on January 1, 20- was $21,600. Assume 365 days per year. If required, round your answers to two decimal places. For return on owner's equity, enter as a percent but do not include percent sign. Round average number of days answers to one decimal...
PROJECT: Select any bank / firm of your choice. Take out its financial statements. Calculate the...
PROJECT:
Select any bank / firm of your choice. Take out its financial
statements.
Calculate the following ratios according to the information
found in these statements.
(NOTE: Show your workings)
1. Operating Cycle. Inventory Number of days of inventory - Average day's cost of goods sold Inventory cost of goods sold / 305 Number of days of receivables = Accounts receivable Average day's sales on credit Accounts receivable Sales on credit / 365 Number of days of payables - Accounts...
PROJECT: Select any bank / firm of your choice. Take out its financial statements. Calculate the...
PROJECT:
Select any bank / firm of your choice. Take out its financial
statements.
Calculate the following ratios according to the information
found in these statements.
(NOTE: Show your workings)
1. Operating Cycle. Inventory Number of days of inventory - Average day's cost of goods sold Inventory cost of goods sold / 305 Number of days of receivables = Accounts receivable Average day's sales on credit Accounts receivable Sales on credit / 365 Number of days of payables - Accounts...
The following extracts are available from Peter Co's Statement of Financial Position Non-current assets Inventory Receivables...
The following extracts are available from Peter Co's Statement of Financial Position Non-current assets Inventory Receivables Payables Overdraft Long-term bank loan 100,000 12,000 8,000 2,500 17,500 75,000 Calculate Peter Co's working capital. A B C D Zero $25,000 $40,000 $100,000 2 marks
Financial Ratios Financial statements for Paulson's Pet Store are shown. Paulson's Pet Store Income Statement For...
Financial Ratios Financial statements for Paulson's Pet Store are shown. Paulson's Pet Store Income Statement For Year Ended December 31, 20-- Revenue from sales: Sales $326,030 Less: Sales returns and allowances 5,360 Net sales $320,670 Cost of goods sold: Merchandise inventory, January 1, 20-- $29,100 Estimated returns inventory, January 1, 20-- 900 $30,000 Purchases $162,650 Less: Purchases returns and allowances $4,080 Less: Purchases discounts 3,200 7,280 Net purchases $155,370 Add freight-in 1,600 Cost of goods purchased 156,970 Goods available for...
The extract of the capital structure on the Statement of Financial Position of Nelson Inc. for...
The extract of the capital structure on the Statement of Financial Position of Nelson Inc. for the year ended 2018 is shown as below Statement of Financial Position for the year ended 31 December 2018 Total (S) Bonds (zero coupon, $1,000 par, 5-year maturity) 3,000,000 Preferred stock (S100 par, 6% dividend) 900,000 Common stock (Si0 par) 980,000 4,880,000 Market prices per bond/share are $710 for bonds, S96 for preferred stock, and $35 for common stock, respectively. There will be sufficient...
The statement of financial position of PQR plc at the start of the week is as...
The statement of financial position of PQR plc at the start of the week is as follows: Assets: K’000 Property 145 Furniture and fittings 63 Inventories 28 Trade receivables 33 Total assets 269 Equity and liabilities Equity 203 Bank overdraft 43 Trade payables 23 Total equity and liabilities 269 During the week the following transactions take place: Sold inventories for K11,000 cash, these inventories had cost K8,000. Sold inventories for K23,000 on credit, these inventories had cost K17,000 Received cash...
Using the following financial information, create an income statement reflecting business activity during the year, and...
Using the following financial information, create an income statement reflecting business activity during the year, and a balance sheet reflecting the firm's end-of-year financial position. Financial Information All values are end-of-year unless otherwise stated Accounts Payable 12,000 Accounts Receivable 10,000 Accruals 10,000 Accumulated Depreciation 100,000 Beginning-of-year Inventory 50,000 Beginning-of-year Retained Earnings 120,000 Cash 7,000 Common Stock 121,500 Cost of Goods Sold 200,000 Current Portion of Long Term Debt 1,500 Depreciation Expense 25,000 Dividends 40,000 Gross Property, Plant, and Equipment 400,000...
Refer to the following financial information for The Gaming Company: Income Statement Information in thousands) Sales*...
Refer to the following financial information for The Gaming Company: Income Statement Information in thousands) Sales* $ 10,000 Cost of Goods Sold S $ 6,750 Net Income $3,250 Balance Sheet Information in thousands) Cash and marketable securities $ 2.250 Accounts Receivable $ 4,000 Inventory = $ 2,750 Fixed Assets $ 15,000 Accounts Payable $ 3,500 Long-term Debt = $5,000 Common Equity = $6,500 *all sales and purchases made on credit. The following is a three-part question. Please be sure you...
Generalized Statement 1. Based on the financial stalements for Jackson Enterprises (income statement, statement of owner's equity, and balance sheet) shown below, prepare the following financial ratios. All sales are credit sales. The Accounts Receivable balance on January 1, 20- was $21,600. Assume 365 days per year. If required, round your answers to two decimal places. For return on owner's equity, enter as a percent but do not include percent sign. Round average number of days answers to one decimal...
PROJECT:
Select any bank / firm of your choice. Take out its financial
statements.
Calculate the following ratios according to the information
found in these statements.
(NOTE: Show your workings)
1. Operating Cycle. Inventory Number of days of inventory - Average day's cost of goods sold Inventory cost of goods sold / 305 Number of days of receivables = Accounts receivable Average day's sales on credit Accounts receivable Sales on credit / 365 Number of days of payables - Accounts...
PROJECT:
Select any bank / firm of your choice. Take out its financial
statements.
Calculate the following ratios according to the information
found in these statements.
(NOTE: Show your workings)
1. Operating Cycle. Inventory Number of days of inventory - Average day's cost of goods sold Inventory cost of goods sold / 305 Number of days of receivables = Accounts receivable Average day's sales on credit Accounts receivable Sales on credit / 365 Number of days of payables - Accounts...
The following extracts are available from Peter Co's Statement of Financial Position Non-current assets Inventory Receivables Payables Overdraft Long-term bank loan 100,000 12,000 8,000 2,500 17,500 75,000 Calculate Peter Co's working capital. A B C D Zero $25,000 $40,000 $100,000 2 marks
The extract of the capital structure on the Statement of Financial Position of Nelson Inc. for the year ended 2018 is shown as below Statement of Financial Position for the year ended 31 December 2018 Total (S) Bonds (zero coupon, $1,000 par, 5-year maturity) 3,000,000 Preferred stock (S100 par, 6% dividend) 900,000 Common stock (Si0 par) 980,000 4,880,000 Market prices per bond/share are $710 for bonds, S96 for preferred stock, and $35 for common stock, respectively. There will be sufficient...
Using the following financial information, create an income statement reflecting business activity during the year, and a balance sheet reflecting the firm's end-of-year financial position. Financial Information All values are end-of-year unless otherwise stated Accounts Payable 12,000 Accounts Receivable 10,000 Accruals 10,000 Accumulated Depreciation 100,000 Beginning-of-year Inventory 50,000 Beginning-of-year Retained Earnings 120,000 Cash 7,000 Common Stock 121,500 Cost of Goods Sold 200,000 Current Portion of Long Term Debt 1,500 Depreciation Expense 25,000 Dividends 40,000 Gross Property, Plant, and Equipment 400,000...
Refer to the following financial information for The Gaming Company: Income Statement Information in thousands) Sales* $ 10,000 Cost of Goods Sold S $ 6,750 Net Income $3,250 Balance Sheet Information in thousands) Cash and marketable securities $ 2.250 Accounts Receivable $ 4,000 Inventory = $ 2,750 Fixed Assets $ 15,000 Accounts Payable $ 3,500 Long-term Debt = $5,000 Common Equity = $6,500 *all sales and purchases made on credit. The following is a three-part question. Please be sure you...
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