Homework Answers
E. Merchandise inventory turnover
The given ratio working capital, Current ratio, Acid-test ratio, Cash ratio are represent some form of comparison between accounts in current assets and accounts in current liabilities except Merchandise inventory turnover because Merchandise inventory turnover = cost of goods sold/average inventory , so there is no connection of current liabilities.
ACCT 102, Winter 2018-2019 uiz: CHAPT 15 (Quiz) 4 of 6 (2 co his Question: 1...
ACCT 102, Winter 2018-2019 uiz: CHAPT 15 (Quiz) 4 of 6 (2 co his Question: 1 pt The financial statements 囲(click the icon to ve O Financal Statements nswer to tw a. Compute the current a Current ratio = L b. Compute the cash ratic cash ratio =[ Current Year Preceding Year Balance Sheet: s 17,000$ 27,000 22,000 82,000 64,000 8,000 203,000 Cash | 15,000 62,000 74,000 11,000 179.000 Short-term Investments Compute theacid-testNet Accounts Merchandise Inventory Acid-test ratio Prepaid Expenses...
i put the formulas for each question 2. Given the following data: 1989 1990 Cash $...
i put the formulas for each question
2. Given the following data: 1989 1990 Cash $ 70,000 Marketable Securities 25,000 Accounts Receivable 120,000 Merchandise Inventory 190,000 Current Liabilities 160,000 Credit Sales (N ET SALES) 3,000,000 Cost of Goods Sold 59,000 21,000 140,000 240,000 152,000 2,716,000 2,160,000 2,500,000 Calculate for 1990: a. Working Capital b. Current Ratio c. Quick Ratio d. Inventory Turnover e Accounts Receivable Turnover a. Working Capital: current Asset current liability b. Current Ratio: current Habilities c. Quick...
LIIOIIVIT < 8 of 9 (1 complete) financial statements. The 2017 figures are given for comparison...
LIIOIIVIT < 8 of 9 (1 complete) financial statements. The 2017 figures are given for comparison Data Table 3. (Rou g cash 8. How 2018 2017 Balance sheet-partial Current Assets: Cash Short-term Investments Accounts Receivable $ $ 13,500 10,000 $ 59,000 (8,000) 7,500 21,000 $ 51,000 195,000 3,000 72,000 (7,000) Less: Allowance for Bad Debts Merchandise Inventory Prepaid Insurance Total Current Assets Total Current Liabilities Income statement partial Not Sales (all on account) 65,000 191,000 3,000 282,500 105,000 277,500 103,000...
1- which one of the following is not included in net working capital? A) account receivable...
1- which one of the following is not included in net working capital? A) account receivable , B) retained earnings, C) cash and cash equivalent , D) prepaid expenses, E) Account payable. 2- Depreciation does which one of the following for a profitable firm? A) has no effect on net income, B) decrease net working capital, C) decrease net income, D) increase net income, E) increase taxes 3- a firm has a current ratio 0.9, given this you know for...
36. The most common measure of short-term liquidity is the a. acid-test. b. current ratio. c....
36. The most common measure of short-term liquidity is the a. acid-test. b. current ratio. c. quick ratio. d. working capital. 37. The acid-test is calculated as Cash + Cash Equivalents + Accounts Receivable Current Liabilities Cash + Cash Equivalents + Inventory + Accounts Receivable Current Liabilities Cash + Cash Equivalents + Accounts Receivable Current Assets Cash + Cash Equivalents + Inventory + Accounts Receivable Current Assets 38. A high inventory turnover might signal a. a problem with old and...
Compute the following: (1) current ratio (2) acid-test ratio (3) inventory turnover (4) Debt ratio (5)...
Compute the following:
(1) current ratio
(2) acid-test ratio
(3) inventory turnover
(4) Debt ratio
(5) debt-to-equity ratio
(6) times interest earned
(7) net profit margin
(8) total asset turnover
(9) return on total assets
(10) return on equity.
CADET CORPORATION Income Statement For Year Ended December 31, 2009 Sales ..... Cost of goods sold ........ Gross profit ............. Operating expenses ........ Interest expense Income before taxes ...... Income taxes ........... Net income ............. $456,600 297,450 159,150 99,400 3,900 55,850...
Problem 14-15 Comprehensive Ratio Analysis (LO14-2, LO14-3, LO14-4, LO14-5, LO14-6) [The following information applies to the...
Problem 14-15 Comprehensive Ratio Analysis (LO14-2, LO14-3, LO14-4, LO14-5, LO14-6) [The following information applies to the questions displayed below.) 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: Last Year Lydex Company Comparative Balance Sheet This Year...
Problem 13-3A Transactions, working capital, and liquidity ratios LO P3 Plum Corporation began the month of...
Problem 13-3A Transactions, working capital, and liquidity ratios LO P3 Plum Corporation began the month of May with $1,200,000 of current assets, a current ratio of 2.10:1, and an acid-test ratio of 1.40:1 During the month, it completed the following transactions (the company uses a perpetual inventory system). May 2 Purchased $55,000 of merchandise inventory on credit. 8 Sold merchandise inventory that cost $55,000 for $125,000 cash. 10 Collected $30,000 cash on an account receivable. 15 Paid $31.000 cash to...
Exercise 9-13 Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Finch...
Exercise 9-13 Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,500 8,140 12,500 11,350 168,000 (12,500) $ 201,999 $ 8,480 3,080 4,500 21,360 114,100 50,470 $ 201,990 The average number...
Which of the statements below is FALSE? A) The acid ratio test equals current assets minus...
Which of the statements below is FALSE? A) The acid ratio test equals current assets minus inventories divided by current liabilities. B) Examples of liquidity ratios include the current ratio, the cash coverage ratio, and the quick ratio. C) The current ratio is current assets divided by current liabilities. D) Inventory turnover equals cost of goods sold divided by inventory.
ACCT 102, Winter 2018-2019 uiz: CHAPT 15 (Quiz) 4 of 6 (2 co his Question: 1 pt The financial statements 囲(click the icon to ve O Financal Statements nswer to tw a. Compute the current a Current ratio = L b. Compute the cash ratic cash ratio =[ Current Year Preceding Year Balance Sheet: s 17,000$ 27,000 22,000 82,000 64,000 8,000 203,000 Cash | 15,000 62,000 74,000 11,000 179.000 Short-term Investments Compute theacid-testNet Accounts Merchandise Inventory Acid-test ratio Prepaid Expenses...
i put the formulas for each question
2. Given the following data: 1989 1990 Cash $ 70,000 Marketable Securities 25,000 Accounts Receivable 120,000 Merchandise Inventory 190,000 Current Liabilities 160,000 Credit Sales (N ET SALES) 3,000,000 Cost of Goods Sold 59,000 21,000 140,000 240,000 152,000 2,716,000 2,160,000 2,500,000 Calculate for 1990: a. Working Capital b. Current Ratio c. Quick Ratio d. Inventory Turnover e Accounts Receivable Turnover a. Working Capital: current Asset current liability b. Current Ratio: current Habilities c. Quick...
LIIOIIVIT < 8 of 9 (1 complete) financial statements. The 2017 figures are given for comparison Data Table 3. (Rou g cash 8. How 2018 2017 Balance sheet-partial Current Assets: Cash Short-term Investments Accounts Receivable $ $ 13,500 10,000 $ 59,000 (8,000) 7,500 21,000 $ 51,000 195,000 3,000 72,000 (7,000) Less: Allowance for Bad Debts Merchandise Inventory Prepaid Insurance Total Current Assets Total Current Liabilities Income statement partial Not Sales (all on account) 65,000 191,000 3,000 282,500 105,000 277,500 103,000...
36. The most common measure of short-term liquidity is the a. acid-test. b. current ratio. c. quick ratio. d. working capital. 37. The acid-test is calculated as Cash + Cash Equivalents + Accounts Receivable Current Liabilities Cash + Cash Equivalents + Inventory + Accounts Receivable Current Liabilities Cash + Cash Equivalents + Accounts Receivable Current Assets Cash + Cash Equivalents + Inventory + Accounts Receivable Current Assets 38. A high inventory turnover might signal a. a problem with old and...
Compute the following:
(1) current ratio
(2) acid-test ratio
(3) inventory turnover
(4) Debt ratio
(5) debt-to-equity ratio
(6) times interest earned
(7) net profit margin
(8) total asset turnover
(9) return on total assets
(10) return on equity.
CADET CORPORATION Income Statement For Year Ended December 31, 2009 Sales ..... Cost of goods sold ........ Gross profit ............. Operating expenses ........ Interest expense Income before taxes ...... Income taxes ........... Net income ............. $456,600 297,450 159,150 99,400 3,900 55,850...
Problem 14-15 Comprehensive Ratio Analysis (LO14-2, LO14-3, LO14-4, LO14-5, LO14-6) [The following information applies to the questions displayed below.) 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: Last Year Lydex Company Comparative Balance Sheet This Year...
Problem 13-3A Transactions, working capital, and liquidity ratios LO P3 Plum Corporation began the month of May with $1,200,000 of current assets, a current ratio of 2.10:1, and an acid-test ratio of 1.40:1 During the month, it completed the following transactions (the company uses a perpetual inventory system). May 2 Purchased $55,000 of merchandise inventory on credit. 8 Sold merchandise inventory that cost $55,000 for $125,000 cash. 10 Collected $30,000 cash on an account receivable. 15 Paid $31.000 cash to...
Exercise 9-13 Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,500 8,140 12,500 11,350 168,000 (12,500) $ 201,999 $ 8,480 3,080 4,500 21,360 114,100 50,470 $ 201,990 The average number...
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