Homework Answers
| correct option: 4 | ||||||||
| Explanation: | ||||||||
| Current ratio | ||||||||
| Formula | ||||||||
| Current Ratio = Current Assets / Current Liabilities | ||||||||
| For current assets and current liabilities figures, balance is required. | ||||||||
| Return On investment | ||||||||
| Formula | ||||||||
| ROI = Net Income / Average Assets | ||||||||
| To calculate the average assets balance sheet is needed. | ||||||||
| Days sales in inventory | ||||||||
| Days sales in inventory = 365/ inventory turnover ratio | ||||||||
| Inventory Turnover Ratio = Cost of goods sold / average inventory | ||||||||
| To calculate the average inventory balance sheet is needed. | ||||||||
| Debt Ratio | ||||||||
| Debt To Asset Ratio = Total Debt / Equity | ||||||||
| For debt and equity figures, the balance sheet is needed. | ||||||||
| Net profit percentage | ||||||||
| Profit Margin = Net income / Sales | ||||||||
| It can be calculated from the income statement. | ||||||||
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Data from the balance sheet is needed in the calculation of how many of the following...
BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total...
BALANCE SHEET ANALYSIS
Complete the balance sheet and sales information using the
following financial data:
Total assets turnover: 1.2x
Days sales outstanding: 42 daysa
Inventory turnover ratio: 7x
Fixed assets turnover: 2.5x
Current ratio: 1.8x
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
20%
aCalculation is based on a 365-day year. Do not round
intermediate calculations. Round your answer to the nearest
cent.
BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following...
BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total a...
BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.8x Days sales outstanding: 30 days Inventory turnover ratio: 7x Fixed assets turnover: 3.5x Current ratio: 2.1x Gross profit margin on sales: (Sales Cost of goods sold)/Sales 20 % Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet Cash Current liabilities $ Accounts receivable Long-term debt 41,250 Inventories Common stock...
Balance Sheet Analysis Complete the balance sheet and sales information using the following financial data: Total...
Balance Sheet Analysis Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 35.5 daysa Inventory turnover ratio: 5x Fixed assets turnover: 3x Current ratio: 1.8x Gross profit margin on sales: (Sales-Cost of goods sold)/Sales-2596 Calculation is based on a 365-day year. Round your answer to the nearest cent. Balance Sheet Cash Accounts receivable Inventories Fixed assets Current liabilities $ Long-term debt 33,750 Common stock Retained earnings Total liabilities and equity...
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...
BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total...
BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 32 daysa Inventory turnover ratio: 7x Fixed assets turnover: 3x Current ratio: 2x Gross profit margin on sales: (Sales Cost of goods sold)/Sales = 30% Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet Cash $ Current liabilities 81,250 Accounts receivable Long-term debt Common stock Inventories...
11. You have the following balance sheet and income statement information for Epic Corp.: Balance sheet...
11. You have the following balance sheet and income statement information for Epic Corp.: Balance sheet $ Accounts receivable (A/R) 1,800 Inventory 3,600 Accounts payable (A/P) 760 Income statement $ Sales 7,200 Cost of goods sold (COGS) 5,760 All sales and purchases were on credit. a. How long is the days inventory outstanding (in days)? b. How long is the collection period (in days)? c. How long is the payables period (in days)? d. How long is the cash conversion...
4-22 1 year from now? BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using...
4-22 1 year from now? BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.5% Days sales outstanding: 36.5 days Inventory turnover ratio: 5x Fixed assets turnover: 3.0% Current ratio: 2.0x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25% Calculation is based on a 365-day year. 60.000 Cash Accounts receivable Inventories Fixed assets Total assets Balance Sheet Current liabilities Long-term debt Common stock Retained earnings $300,000...
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x...
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x Days sales outstanding: 36.5 days Inventory turnover ratio: 5x Fixed assets turnover: 3.0x Current ratio: 2.0x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales-30% Calculation is based on a 365-day year Do not round intermediate calculations. Round your answers to the nearest dollar Balance Sheet Cash Current liabilities $ Accounts receivable Long-term debt 45,000 Inventories Common stock Fixed assets Retained earnings...
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x...
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x Days sales outstanding: 42 days Inventory turnover ratio: 6x Fixed assets turnover: 3.5x Current ratio: 1.7x Gross profit margin on sales: (Sales. Cost of goods sold)/Sales - 15% Calculation is based on a 365 day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet Cash Current liabilities Accounts receivable Long-term debt 75,000 Inventories Common stock Fixed assets 93.750...
Complete the balance sheet and sales Information using the following financial data: Total assets turnover: 1.1x...
Complete the balance sheet and sales Information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 32.5 days Inventory turnover ratio: 6x Fixed assets turnover: 2.5x Current ratio: 2.3x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 15% "Calculation is based on a 365-day year. Do not round Intermediate calculations. Round your answer to the nearest cent. Balance Sheet Cash Current liabilities Accounts receivable Long-term debt 30,000 Inventories Common stock Fixed assets Retained...
BALANCE SHEET ANALYSIS
Complete the balance sheet and sales information using the
following financial data:
Total assets turnover: 1.2x
Days sales outstanding: 42 daysa
Inventory turnover ratio: 7x
Fixed assets turnover: 2.5x
Current ratio: 1.8x
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
20%
aCalculation is based on a 365-day year. Do not round
intermediate calculations. Round your answer to the nearest
cent.
BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following...
BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.8x Days sales outstanding: 30 days Inventory turnover ratio: 7x Fixed assets turnover: 3.5x Current ratio: 2.1x Gross profit margin on sales: (Sales Cost of goods sold)/Sales 20 % Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet Cash Current liabilities $ Accounts receivable Long-term debt 41,250 Inventories Common stock...
Balance Sheet Analysis Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 35.5 daysa Inventory turnover ratio: 5x Fixed assets turnover: 3x Current ratio: 1.8x Gross profit margin on sales: (Sales-Cost of goods sold)/Sales-2596 Calculation is based on a 365-day year. Round your answer to the nearest cent. Balance Sheet Cash Accounts receivable Inventories Fixed assets Current liabilities $ Long-term debt 33,750 Common stock Retained earnings Total liabilities and equity...
BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 32 daysa Inventory turnover ratio: 7x Fixed assets turnover: 3x Current ratio: 2x Gross profit margin on sales: (Sales Cost of goods sold)/Sales = 30% Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet Cash $ Current liabilities 81,250 Accounts receivable Long-term debt Common stock Inventories...
11. You have the following balance sheet and income statement information for Epic Corp.: Balance sheet $ Accounts receivable (A/R) 1,800 Inventory 3,600 Accounts payable (A/P) 760 Income statement $ Sales 7,200 Cost of goods sold (COGS) 5,760 All sales and purchases were on credit. a. How long is the days inventory outstanding (in days)? b. How long is the collection period (in days)? c. How long is the payables period (in days)? d. How long is the cash conversion...
4-22 1 year from now? BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.5% Days sales outstanding: 36.5 days Inventory turnover ratio: 5x Fixed assets turnover: 3.0% Current ratio: 2.0x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25% Calculation is based on a 365-day year. 60.000 Cash Accounts receivable Inventories Fixed assets Total assets Balance Sheet Current liabilities Long-term debt Common stock Retained earnings $300,000...
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x Days sales outstanding: 36.5 days Inventory turnover ratio: 5x Fixed assets turnover: 3.0x Current ratio: 2.0x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales-30% Calculation is based on a 365-day year Do not round intermediate calculations. Round your answers to the nearest dollar Balance Sheet Cash Current liabilities $ Accounts receivable Long-term debt 45,000 Inventories Common stock Fixed assets Retained earnings...
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x Days sales outstanding: 42 days Inventory turnover ratio: 6x Fixed assets turnover: 3.5x Current ratio: 1.7x Gross profit margin on sales: (Sales. Cost of goods sold)/Sales - 15% Calculation is based on a 365 day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet Cash Current liabilities Accounts receivable Long-term debt 75,000 Inventories Common stock Fixed assets 93.750...
Complete the balance sheet and sales Information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 32.5 days Inventory turnover ratio: 6x Fixed assets turnover: 2.5x Current ratio: 2.3x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 15% "Calculation is based on a 365-day year. Do not round Intermediate calculations. Round your answer to the nearest cent. Balance Sheet Cash Current liabilities Accounts receivable Long-term debt 30,000 Inventories Common stock Fixed assets Retained...
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