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The data given below were taken from the income statements of Metronix Corporation. EEB Click the...
The data given below were taken from the income statements of Metronix Corporation. Click the icon...
The data given below were taken from the income statements of Metronix Corporation. Click the icon to view the financial data for Metronix Corporation. Compute the inventory-turnover ratio for each year. The inventory-turnover ratio in 2017 is times. (Round to one decimal place.) i More Info - Х Total revenue Beginning inventory Purchases Ending inventory 2018 $4,658,125 $231,313 $510,711 $366,106 2017 $3,776,395 $202,794 $566,145 $231,313 Print Done
The following data were taken from the income statements of Mydorf Company. Sales revenue Beginning inventory...
The following data were taken from the income statements of Mydorf Company. Sales revenue Beginning inventory Purchases 2020 $6,450,000 915,000 4,328,250 1,040,000 2019 $6,230,000 900,000 4,643,250 915,000 Ending inventory Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Inventory turnover times times LINK TO TEXT Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Days in inventory days...
The following data were taken from the income statements of Wildhorse Co. Sales revenue Beginning inventory...
The following data were taken from the income statements of Wildhorse Co. Sales revenue Beginning inventory Purchases Ending inventory 2022 $6,420,000 969,500 4,814,000 1,178,000 2021 $6,296,000 842,800 4,679,000 969,500 Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) 2022 2021 Inventory turnover times times
The following data were taken from the income statements of Mydorf Company. 2020 2019 Sales revenue...
The following data were taken from the income statements of Mydorf Company. 2020 2019 Sales revenue $6,370,000 $6,170,000 Beginning inventory 915,000 865,000 Purchases 4,359,750 4,678,000 Ending inventory 1,050,000 915,000 Collapse question part (a1) Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Inventory turnover times times
Brief Exercise 18-12 a1-a2 The following data were taken from the income statements of Mydorf Company....
Brief Exercise 18-12 a1-a2 The following data were taken from the income statements of Mydorf Company. 2020 2019 Sales revenue $6,470,000 $6,220,000 Beginning inventory 920,000 850,000 Purchases 4,422,000 4,583,500 Ending inventory 1,100,000 920,000 Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Inventory turnover times times LINK TO TEXT Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2020 2019...
Brief Exercise 13-12 a1-a2 (Part Level Submission) The following data were taken from the income statements...
Brief Exercise 13-12 a1-a2 (Part Level Submission) The following data were taken from the income statements of Crane Company. 2020 2019 Sales revenue Beginning inventory Purchases Ending inventory $6,385,000 934,000 4,646,200 1,040,000 $6,188,000 854,000 4,997,000 934,000 (a1) Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) 2020 2019 Inventory turnover times times Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2020...
Brief Exercise 13-11 The following data are taken from the financial statements of Cullumber Company. 2017...
Brief Exercise 13-11 The following data are taken from the financial statements of Cullumber Company. 2017 2016 Accounts receiva ble (net), end of year $564,600 $564,500 Net sales on account 4,018,000 4,898,000 Terms for all sales are 1/10, n/45 Compute for each year the accounts receivable turnover. At the end of 2015, accounts receivable was $516,500. (Round answers to 1 decimal place, e.g. 12.5.) 2017 2016 Accounts receivable turnover times times Compute for each year the average collection period. (Round...
the financial statements of victors natural foods include the following items Compute the following ratios for...
the financial statements of victors natural foods include the
following items
Compute the following ratios for the current year (Click the ioon to view the ratios.) The financial statements of Victor's Natural Foods include the following items: (Click the ioon to view the financial statements.) a. Compute the current ratio for the current year. (Abbreviations used: STI Short-term investments Round your answer to two decimal places, X.XX) Current ratio b. Compute the cash ratio for the current year. (Round your...
The following data are taken from the financial statements of Wildhorse Co.. Accounts receivable (net), end...
The following data are taken from the financial statements of Wildhorse Co.. Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, 1/45 $ 555,000 4,489,500 $ 540,000 3,614,200 Compute for each year the accounts receivable turnover. At the end of 2018, accounts receivable was $523,000. (Round answers 2020 2019 Accounts receivable turnover times times LINK TO TEXT Compute for each year the average collection period. (Round answers to 1 decimal place, e.g. 12.5....
The comparative income statements and additional data for Harmon Decor, Inc., follow: (Click the icon to...
The comparative income statements and additional data for Harmon Decor, Inc., follow: (Click the icon to view the comparative income statements.) (Click the icon to view the additional data.) Read the requirement. Select the formula for each of the following component ratios, then calculate the ratios for 2018 and 2017. (Round ALL of your answers to three decimal places, X.XXX, and do not enter in percentage format. Ignore interest expense in your a Ratio Formula 2018 2017 ROS AT ROA...
The data given below were taken from the income statements of Metronix Corporation. Click the icon to view the financial data for Metronix Corporation. Compute the inventory-turnover ratio for each year. The inventory-turnover ratio in 2017 is times. (Round to one decimal place.) i More Info - Х Total revenue Beginning inventory Purchases Ending inventory 2018 $4,658,125 $231,313 $510,711 $366,106 2017 $3,776,395 $202,794 $566,145 $231,313 Print Done
The following data were taken from the income statements of Mydorf Company. Sales revenue Beginning inventory Purchases 2020 $6,450,000 915,000 4,328,250 1,040,000 2019 $6,230,000 900,000 4,643,250 915,000 Ending inventory Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Inventory turnover times times LINK TO TEXT Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Days in inventory days...
The following data were taken from the income statements of Wildhorse Co. Sales revenue Beginning inventory Purchases Ending inventory 2022 $6,420,000 969,500 4,814,000 1,178,000 2021 $6,296,000 842,800 4,679,000 969,500 Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) 2022 2021 Inventory turnover times times
Brief Exercise 13-12 a1-a2 (Part Level Submission) The following data were taken from the income statements of Crane Company. 2020 2019 Sales revenue Beginning inventory Purchases Ending inventory $6,385,000 934,000 4,646,200 1,040,000 $6,188,000 854,000 4,997,000 934,000 (a1) Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) 2020 2019 Inventory turnover times times Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2020...
Brief Exercise 13-11 The following data are taken from the financial statements of Cullumber Company. 2017 2016 Accounts receiva ble (net), end of year $564,600 $564,500 Net sales on account 4,018,000 4,898,000 Terms for all sales are 1/10, n/45 Compute for each year the accounts receivable turnover. At the end of 2015, accounts receivable was $516,500. (Round answers to 1 decimal place, e.g. 12.5.) 2017 2016 Accounts receivable turnover times times Compute for each year the average collection period. (Round...
the financial statements of victors natural foods include the
following items
Compute the following ratios for the current year (Click the ioon to view the ratios.) The financial statements of Victor's Natural Foods include the following items: (Click the ioon to view the financial statements.) a. Compute the current ratio for the current year. (Abbreviations used: STI Short-term investments Round your answer to two decimal places, X.XX) Current ratio b. Compute the cash ratio for the current year. (Round your...
The following data are taken from the financial statements of Wildhorse Co.. Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, 1/45 $ 555,000 4,489,500 $ 540,000 3,614,200 Compute for each year the accounts receivable turnover. At the end of 2018, accounts receivable was $523,000. (Round answers 2020 2019 Accounts receivable turnover times times LINK TO TEXT Compute for each year the average collection period. (Round answers to 1 decimal place, e.g. 12.5....
The comparative income statements and additional data for Harmon Decor, Inc., follow: (Click the icon to view the comparative income statements.) (Click the icon to view the additional data.) Read the requirement. Select the formula for each of the following component ratios, then calculate the ratios for 2018 and 2017. (Round ALL of your answers to three decimal places, X.XXX, and do not enter in percentage format. Ignore interest expense in your a Ratio Formula 2018 2017 ROS AT ROA...
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