are these correct? The highlighted part. thanks. no need for 2017 and 2018 data since I've added the numbers in already. I just want to make sure the math part of it is correct.
Homework Answers
All the calculations are perfectly correct, please note the following points,
- Include brackets for clarity on calculation (BODMAS) for example, In calculation of average assets in total asset turnover 2017 present like this, (131,310 + 83,402) / 2.
- Rounding off, while rounding off it will be better to round off to 2 decimal places and also of the next decimal place is greater than 5 then make the before figure to +1, for example days sales uncollected in 2018, the answer should be 26.1375 which should be rounded off as 26.14
- It is good that you have included formula for every calculation, which is a very good practice.
- Don't forget to include $ symbol also.
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are these correct? The highlighted part. thanks. no need for 2017 and 2018 data since I've...
2016 2017 2018 Net sales $ 135,987 $ &...
2016
2017
2018
Net
sales
$ 135,987
$ 177,866
$ 232,887
Operating
expenses
Cost of
sales
88,265
111,934
139,156
Fulfillment
17,619
25,249
34,027
Marketing
7,233
10,069
13,814
Technology and content
16,085
22,620
28,837
General
and administrative
2,432
3,674
4,336
Other
167
214
296
Total operating expenses
131,801
173,760
220,466
Operating Income
$
4,186
$
4,106
$
12,421
construction a contribution income statement
Year Ended December 31 2016 2018 Operating expenses: 11934 S Technology and content Other operating expense, net Total...
Amazon Financial Statement Consolidated Statements Of Operations - USD ($) shares in Millions, $ in Millions...
Amazon Financial Statement Consolidated Statements Of Operations - USD ($) shares in Millions, $ in Millions 12 Months Ended Consolidated Balance Sheets - USD ($) $ in Millions Dec. 31, 2018 Dec. 31, 2017 Consolidated Statements of Cash Flows - USD ($) $ in Millions 12 Months Ended Dec. 31, 2018 Dec. 31, 2017 Dec. 31, 2016 Current assets: Dec. 31, 2018 Dec. 31, 2017 Dec. 31, 2016 Total net sales $ 232,887 $ 177,866 $ 135,987 Cash and cash...
Need help on how to do calculations. Thank you 2018 2017 $ 60 za Assets Current...
Need help on how to do calculations. Thank you
2018 2017 $ 60 za Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Depreciation 80 38 LAKE UF EGYPT MARINA, INC. Balance Sheet as of December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Liabilities and Equity Current liabilities: $ 120 $ 84 Accrued wages and taxes 110 98 Accounts payable 306 196 Notes payable $ 536 $378 Total...
How we can calculate PP&E from the following balance sheet? Please explain with data provided on...
How we can calculate PP&E from the following
balance sheet? Please explain with data provided on the balance
sheet.
AMAZON.COM, INC. CONSOLIDATED BALANCE SHEETS (in millions, except per share data) December 31, 2016 2017 19,334 $ 6,647 11,461 8,339 45,781 29,114 3,784 4,723 83,402 $ 20,522 10,464 16,047 13,164 60,197 48,866 13,350 8,897 131,310 $ ASSETS Current assets: Cash and cash equivalents Marketable securities Inventories Accounts receivable, net and other Total current assets Property and equipment, net Goodwill Other assets...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory outstanding (DIO), accounts receivable turnover, days' sales in average receivables or days' sales outstanding (DSO), accounts payable turnover, days' payable outstanding (DPO), and cash conversion cycle (in days). a. Use the cost of goods sold in the formula for accounts payable turnover. b. Use a 365-day year for calculations as needed. c. Use cell references from prior calculations, if applicable. (Always use cell references...
The 2018 income statement of Anderson Medical Supply Company reported net sales of $10 million, cost...
The 2018 income statement of Anderson Medical Supply Company reported net sales of $10 million, cost of goods sold of $5.6 million, and net income of $840,000. The following table shows the company's comparative balance sheets for 2018 and 2017: 0182017 $460 540 Assets Cash Accounts receivable Inventory Property, plant, and equipment (net) 860 1,300 1,100 3,2002,920 $5,820 $5,140 Total assets Liabilities and shareholders equity Current liabilities Bonds payable Paid-in capital Retained earnings $1,120 990 1,600 1,600 1,800 1,800 1...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory outstanding (DIO), accounts receivable turnover, days' sales in average receivables or days' sales outstanding (DSO), accounts payable turnover, days' payable outstanding (DPO), and cash conversion cycle (in days). a. Use the cost of goods sold in the formula for accounts payable turnover. b. Use a 365-day year for calculations as needed. c. Use cell references from prior calculations, if applicable. (Always use cell references...
Exercise 14-5 Selected comparative financial statement data for Handley Inc. are shown below. 2016 $ HANDLEY...
Exercise 14-5 Selected comparative financial statement data for Handley Inc. are shown below. 2016 $ HANDLEY INC. Statement of Financial Position (partial) December 31 (in thousands) 2018 2017 Current assets Cash $ 30 $ 92 Held for trading investments 55 Accounts receivable, net 681 590 Inventory 634 530 Prepaid expenses 52 Total current assets $1,441 $1,324 Total current liabilities $ 885 $ 826 60 40 60 494 577 41 29 $1,200 $ 756 Additional information: (in thousands) Allowance for doubtful...
Solve the Average Merchandise Inventory and Inventory Turnover for 2017, 2018, and 2019. 2018 $ 2017...
Solve the Average Merchandise Inventory and Inventory Turnover
for 2017, 2018, and 2019.
2018 $ 2017 $ $ 214,000 166,000 177,000 Net Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory Net Cost of Purchases Cost of Goods Available for Sale $ $ 26,000 140,000 $ 31,000 106,000 47,000 92,000 166,000 35,000 137,000 26,000 139,000 31,000 Less: Ending Merchandise Inventory Cost of Goods Sold 131,000 111,000 108,000 Gross Profit Operating Expenses 83,000 57,000 26,000 55,000 30,000 25,000 69,000 30,000 39,000...
need help ? Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit;...
need help ?
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $52.900; total assets, $229,400; common stock, $88,000; and retained earnings. $32,712.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 450, 600 Cost of goods sold 297,650 Gross profit 152,950 Operating expenses 99, 100 Interest expense 3,800 Income before taxes 50,050 Income taxes 20. 162 Net Income $ 29,888 $ 16,500...
2016
2017
2018
Net
sales
$ 135,987
$ 177,866
$ 232,887
Operating
expenses
Cost of
sales
88,265
111,934
139,156
Fulfillment
17,619
25,249
34,027
Marketing
7,233
10,069
13,814
Technology and content
16,085
22,620
28,837
General
and administrative
2,432
3,674
4,336
Other
167
214
296
Total operating expenses
131,801
173,760
220,466
Operating Income
$
4,186
$
4,106
$
12,421
construction a contribution income statement
Year Ended December 31 2016 2018 Operating expenses: 11934 S Technology and content Other operating expense, net Total...
Need help on how to do calculations. Thank you
2018 2017 $ 60 za Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Depreciation 80 38 LAKE UF EGYPT MARINA, INC. Balance Sheet as of December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Liabilities and Equity Current liabilities: $ 120 $ 84 Accrued wages and taxes 110 98 Accounts payable 306 196 Notes payable $ 536 $378 Total...
How we can calculate PP&E from the following
balance sheet? Please explain with data provided on the balance
sheet.
AMAZON.COM, INC. CONSOLIDATED BALANCE SHEETS (in millions, except per share data) December 31, 2016 2017 19,334 $ 6,647 11,461 8,339 45,781 29,114 3,784 4,723 83,402 $ 20,522 10,464 16,047 13,164 60,197 48,866 13,350 8,897 131,310 $ ASSETS Current assets: Cash and cash equivalents Marketable securities Inventories Accounts receivable, net and other Total current assets Property and equipment, net Goodwill Other assets...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory outstanding (DIO), accounts receivable turnover, days' sales in average receivables or days' sales outstanding (DSO), accounts payable turnover, days' payable outstanding (DPO), and cash conversion cycle (in days). a. Use the cost of goods sold in the formula for accounts payable turnover. b. Use a 365-day year for calculations as needed. c. Use cell references from prior calculations, if applicable. (Always use cell references...
The 2018 income statement of Anderson Medical Supply Company reported net sales of $10 million, cost of goods sold of $5.6 million, and net income of $840,000. The following table shows the company's comparative balance sheets for 2018 and 2017: 0182017 $460 540 Assets Cash Accounts receivable Inventory Property, plant, and equipment (net) 860 1,300 1,100 3,2002,920 $5,820 $5,140 Total assets Liabilities and shareholders equity Current liabilities Bonds payable Paid-in capital Retained earnings $1,120 990 1,600 1,600 1,800 1,800 1...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory outstanding (DIO), accounts receivable turnover, days' sales in average receivables or days' sales outstanding (DSO), accounts payable turnover, days' payable outstanding (DPO), and cash conversion cycle (in days). a. Use the cost of goods sold in the formula for accounts payable turnover. b. Use a 365-day year for calculations as needed. c. Use cell references from prior calculations, if applicable. (Always use cell references...
Exercise 14-5 Selected comparative financial statement data for Handley Inc. are shown below. 2016 $ HANDLEY INC. Statement of Financial Position (partial) December 31 (in thousands) 2018 2017 Current assets Cash $ 30 $ 92 Held for trading investments 55 Accounts receivable, net 681 590 Inventory 634 530 Prepaid expenses 52 Total current assets $1,441 $1,324 Total current liabilities $ 885 $ 826 60 40 60 494 577 41 29 $1,200 $ 756 Additional information: (in thousands) Allowance for doubtful...
Solve the Average Merchandise Inventory and Inventory Turnover
for 2017, 2018, and 2019.
2018 $ 2017 $ $ 214,000 166,000 177,000 Net Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory Net Cost of Purchases Cost of Goods Available for Sale $ $ 26,000 140,000 $ 31,000 106,000 47,000 92,000 166,000 35,000 137,000 26,000 139,000 31,000 Less: Ending Merchandise Inventory Cost of Goods Sold 131,000 111,000 108,000 Gross Profit Operating Expenses 83,000 57,000 26,000 55,000 30,000 25,000 69,000 30,000 39,000...
need help ?
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $52.900; total assets, $229,400; common stock, $88,000; and retained earnings. $32,712.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 450, 600 Cost of goods sold 297,650 Gross profit 152,950 Operating expenses 99, 100 Interest expense 3,800 Income before taxes 50,050 Income taxes 20. 162 Net Income $ 29,888 $ 16,500...
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