Homework Answers
FIrms times interest earned i.e. Interest Coverage ratio = EBIT/Interest = 21107/3222 = 6.55 times
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Question 2 1 pts You gather the following information from an annual report (A quick check...
Hlae Te Ndry A firm has the following figures in its annual report: Income Statement Balance...
Hlae Te Ndry A firm has the following figures in its annual report: Income Statement Balance Sheet Items: 105 145 Sales 1,220 Cost of Goods Sold 845 EBIT 335 Net Income 197 Receivables Inventory Current Assets Total Assets 375 2,229 Current Liabilities 122 Long term Debt 777 Stockholders Equity 1,330 Compute the firm's current ratio. A. 3.57 B. 1.90 C.3.07 D.0.17 here to search ** O *
The following information (in $ millions) comes from the Annual Report of Saratoga Springs Co. for...
The following information (in $ millions) comes from the Annual Report of Saratoga Springs Co. for the year ending 12/31/2021: Year ended 12/31/2021 Net sales $ 8,039 Cost of goods sold 4,857 Selling and administrative expense 1,999 Interest expense 506 Income before taxes 677 Net income 548 Cash and cash equivalents Receivables, net Inventories Land, buildings and equipment at cost, net Total assets 12/31/2021 $ 1,065 1,100 1,145 13,590 $ 16,900 12/31/2020 $ 73 754 609 3,934 $5,370 Total current...
The following information ($ in millions) comes from the annual report of Velvo Co. for the...
The following information ($ in millions) comes from the annual
report of Velvo Co. for the year ending December 31, 2022:
Year ended December 31,
2022
Net sales
$7,949
Cost of goods sold
4,767
Sales, general and administrative
1,909
Interest expense
416
Profit before tax
857
Net profit
$458
December 31, 2022
December 31, 2021
Cash and cash equivalents
$975
$64
Receivables, net
1,010
664
Inventories
1,055
519
Land, buildings, and equipment at cost, net
13,500
3,844
Total assets
$16,540...
Use the information from the Income Statement and Balance Sheet to construct the ratios and answer...
Use the information from the Income Statement and Balance Sheet to construct the ratios and answer the questions below. Downloadable Financial statements HW 4 SXP 19.docxPreview the document hw3 ratios.jpg Barry Computers Income statement DEC 31, 2016 Sales 1,607,500 GOGS 1,392,500 Gross Profit 215,000 SG&A 145,000 EBIT 70,000 Interest Expenses 24,500 EBT 45,500 TX (40%) 18,200 NI 27,300 Barry Computers Balance Sheet DEC 31, 2016 Cash 77,500 Accounts Payable 129,000 Accounts receivables 336,000 Accruals 117,000 Inventory 241,500 Notes Payable 84,000...
1/ The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.:...
1/ The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.: Net sales $ 10,770 Total assets 4,367 End of year balance in cash 1,023 Total stockholders' equity 396 Gross profit (Sales – Cost of Sales) 2,583 Net increase in cash for the year 15 Operating expenses 2,055 Net operating cash flow 784 Other income (expense), net (24) Compute Amazon's total liabilities at the end of the year. Multiple Choice $ 4,367 $ 4,638 $...
QUESTION 17 • The Cypress Corporation's Annual Report contained the following information: Balance Sheet as of...
QUESTION 17 • The Cypress Corporation's Annual Report contained the following information: Balance Sheet as of December 31, 20XX Cash $72.000 439,000 594.000 $1,405,000 Accounts Payable Other Short-term Payables Total Current Liabilities Long-term Debt Total Liabilities Total Common Equity Total Liabilities & Equity $32,000 70.000 $102,000 900.000 $1,002.000 834.000 S1336.000 Accounts Receivable Inventories Total Current Assets Plant, property, equip Total Assets 731.000 $1.836 000 Income Statement for the year ending December 31, 20XX Sales Cost of Goods Sold Gross Operating...
prepaid expenses = $50,000 Problem 3 Calculate the following information: 1. Quick ratio 2. Accounts receivable...
prepaid expenses = $50,000
Problem 3 Calculate the following information: 1. Quick ratio 2. Accounts receivable turnover ratio 3. Net return on total assets 4. Total liabilities to total assets ratio 5. Times interest earned ratio 6. Return on sales 7. Return on equity Sales: $750,000 Cash: $50,000 Inventory: $150,000 Common Stock: $100,000 Accounts Payable: $100,000 Prepaid expenses: $50,000 Long term debt: $200,000 Land and Building: $500,000 Operating Income: $450,000 Taxes: $200,000 Accounts Receivable: $70,000 Retained Earnings: $400,000 Cost of...
(prepaid expenses are $50,000) Problem 3 Calculate the following information: 1. Quick ratio 2. Accounts receivable...
(prepaid expenses are $50,000)
Problem 3 Calculate the following information: 1. Quick ratio 2. Accounts receivable turnover ratio 3. Net return on total assets 4. Total liabilities to total assets ratio 5. Times interest earned ratio 6. Return on sales 7. Return on equity Sales: $750,000 Cash: $50,000 Inventory: $150,000 Common Stock: $100,000 Accounts Payable: $100,000 Prepaid expenses: $50,000 Long term debt: $200,000 Land and Building: $500,000 Operating Income: $450,000 Taxes: $200,000 Accounts Receivable: $70,000 Retained Earnings: $400,000 Cost of...
Prepare a performance report on Barry Computer Company. (Problem 4-23 on pages 140-141 of the course...
Prepare a performance report
on Barry Computer Company. (Problem 4-23 on pages 140-141 of the
course text provides a balance sheet and an income statement for
the company.)
Prepare your performance report
to show calculations for the 14 ratios listed on page 141, as well
as a comparison of your computed ratios with the listed industry
averages.
Write a short memo to your
supervisor explaining your findings and your recommendations for
improvement.
Suggest some ways in which the
company can...
Hello, looking for help to answer the following questions. Would you please be able to fully answer the question in accordance with the question? I have calculated the different ratios however I do no...
Hello, looking for help to answer the following questions. Would
you please be able to fully answer the question in accordance with
the question? I have calculated the different ratios however I do
not know how to describe and evaluated it in 100 - 200 words which
I would like some help on please. Thank you very
much.
2018 2017 ($'000) Cash and Cash Equivalents Trade Receivables Inventories Total Current Assets Total Assets Total Current Liabilities Total Liabilities Retained Earnings...
Hlae Te Ndry A firm has the following figures in its annual report: Income Statement Balance Sheet Items: 105 145 Sales 1,220 Cost of Goods Sold 845 EBIT 335 Net Income 197 Receivables Inventory Current Assets Total Assets 375 2,229 Current Liabilities 122 Long term Debt 777 Stockholders Equity 1,330 Compute the firm's current ratio. A. 3.57 B. 1.90 C.3.07 D.0.17 here to search ** O *
The following information (in $ millions) comes from the Annual Report of Saratoga Springs Co. for the year ending 12/31/2021: Year ended 12/31/2021 Net sales $ 8,039 Cost of goods sold 4,857 Selling and administrative expense 1,999 Interest expense 506 Income before taxes 677 Net income 548 Cash and cash equivalents Receivables, net Inventories Land, buildings and equipment at cost, net Total assets 12/31/2021 $ 1,065 1,100 1,145 13,590 $ 16,900 12/31/2020 $ 73 754 609 3,934 $5,370 Total current...
The following information ($ in millions) comes from the annual
report of Velvo Co. for the year ending December 31, 2022:
Year ended December 31,
2022
Net sales
$7,949
Cost of goods sold
4,767
Sales, general and administrative
1,909
Interest expense
416
Profit before tax
857
Net profit
$458
December 31, 2022
December 31, 2021
Cash and cash equivalents
$975
$64
Receivables, net
1,010
664
Inventories
1,055
519
Land, buildings, and equipment at cost, net
13,500
3,844
Total assets
$16,540...
QUESTION 17 • The Cypress Corporation's Annual Report contained the following information: Balance Sheet as of December 31, 20XX Cash $72.000 439,000 594.000 $1,405,000 Accounts Payable Other Short-term Payables Total Current Liabilities Long-term Debt Total Liabilities Total Common Equity Total Liabilities & Equity $32,000 70.000 $102,000 900.000 $1,002.000 834.000 S1336.000 Accounts Receivable Inventories Total Current Assets Plant, property, equip Total Assets 731.000 $1.836 000 Income Statement for the year ending December 31, 20XX Sales Cost of Goods Sold Gross Operating...
prepaid expenses = $50,000
Problem 3 Calculate the following information: 1. Quick ratio 2. Accounts receivable turnover ratio 3. Net return on total assets 4. Total liabilities to total assets ratio 5. Times interest earned ratio 6. Return on sales 7. Return on equity Sales: $750,000 Cash: $50,000 Inventory: $150,000 Common Stock: $100,000 Accounts Payable: $100,000 Prepaid expenses: $50,000 Long term debt: $200,000 Land and Building: $500,000 Operating Income: $450,000 Taxes: $200,000 Accounts Receivable: $70,000 Retained Earnings: $400,000 Cost of...
(prepaid expenses are $50,000)
Problem 3 Calculate the following information: 1. Quick ratio 2. Accounts receivable turnover ratio 3. Net return on total assets 4. Total liabilities to total assets ratio 5. Times interest earned ratio 6. Return on sales 7. Return on equity Sales: $750,000 Cash: $50,000 Inventory: $150,000 Common Stock: $100,000 Accounts Payable: $100,000 Prepaid expenses: $50,000 Long term debt: $200,000 Land and Building: $500,000 Operating Income: $450,000 Taxes: $200,000 Accounts Receivable: $70,000 Retained Earnings: $400,000 Cost of...
Prepare a performance report
on Barry Computer Company. (Problem 4-23 on pages 140-141 of the
course text provides a balance sheet and an income statement for
the company.)
Prepare your performance report
to show calculations for the 14 ratios listed on page 141, as well
as a comparison of your computed ratios with the listed industry
averages.
Write a short memo to your
supervisor explaining your findings and your recommendations for
improvement.
Suggest some ways in which the
company can...
Hello, looking for help to answer the following questions. Would
you please be able to fully answer the question in accordance with
the question? I have calculated the different ratios however I do
not know how to describe and evaluated it in 100 - 200 words which
I would like some help on please. Thank you very
much.
2018 2017 ($'000) Cash and Cash Equivalents Trade Receivables Inventories Total Current Assets Total Assets Total Current Liabilities Total Liabilities Retained Earnings...
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