Homework Answers
Current year prior year
a) Current ratio = Current assets /Current liabilities 8180100/6176000=1.32 8200030/7900300=1.04
b)Receivable turnover ratio= Sales/Average receivable 13300300/ 4285000*=3.10
*Average receivable =4750000+3820000/2=$4285000
c)Days to collect =No. of working days/Receivable turnover ratio
360/3.10=116 .12 days
d)Inventory turnover ratio = Cost of goods sold/Average inventory
8915195/1111900=8.01
e)Days to sell = No of working days/inventory turnover ratio
360/8.01=44.94 days
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The financial information below presents selected information from the financial statements of Pelican Company. Sales revenue...
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You have just been hired as a financial analyst for Lydex
Company, a manufacturer of safety helmets. Your boss has asked you
to perform a comprehensive analysis of the company’s financial
statements, including comparing Lydex’s performance to its major
competitors. The company’s financial statements for the last two
years are as follows:
You decide, finally, to assess the company’s liquidity and asset
management. For both this year and last year, compute:
a. Working capital.
b. The current ratio. (Round your...
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Selected current year-end financial statements of Cabot Corporation
follow. All sales were on credit; selected balance sheet amounts at
December 31 of the prior year were inventory \$55,9 ; total assets,
$189,400; common stock$89,000 and retained earnings38,032 )
Check my work Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit: selected balance sheet amounts at December 31 of the prior year were inventory. $55,900; total assets. $189,400, common stock, $89,000, and retained earnings $38,032.) CABOT...
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Selected current year-end financial statements of Cabot Corporation
follow. All sales were on credit; selected balance sheet amounts at
December 31 of the prior year were inventory \$55,9 ; total assets,
$189,400; common stock$89,000 and retained earnings38,032 )
[Need help with the incomplete numbers questind the ones with
the red X]
Return to question Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit: selected balance sheet amounts at December 31 of the prior year were...
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