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Answer : Inventory Turnover=3.0 Times
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BusinessCourse Inventory Turnover The following financial data is from Brenner Instruments' financial statements (thousands of dollars,...
Dividends per Share The following financial data is from Hi-Tech Instruments' financial statements (thousands of dollars,...
Dividends per Share The following financial data is from Hi-Tech Instruments' financial statements (thousands of dollars, except earnings per share.) 2016 Sales revenue Cost of goods sold Net income Dividends Earnings per share $210,000 125,000 8,800 3,100 4.40 Hi-Tech Instruments, Inc. Balance Sheet (Thousands of Dollars) Dec. 31, 2016 Dec. 31, 2015 Assets Cash $18,300 $18,000 Accounts receivable (net) 46,000 41,000 Inventory 39,500 43,700 Total current assets 103,800 102,700 Plant assets (net) 52,600 50,500 Other assets 15,600 13,800 Total assets...
Business Course Gross Profit Percentage The following financial data is from Brenner Instruments' financial statements (thousands...
Business Course Gross Profit Percentage The following financial data is from Brenner Instruments' financial statements (thousands of dollars, except earnings per share.) 2019 Sales revenue Cost of goods sold Net income Dividends Earnings per share $210,000 125,000 8,300 2,600 4.15 Support Business Course $18,300 Assets Cash Accounts receivable (net) Inventory Total current assets Plant assets (net) Other assets Total assets Liabilities and Stockholders' Equity Notes payable-banks Accounts payable Accrued liabilities 46,000 39,500 103,800 52,600 15,600 $172,000 $18,000 41,000 43,700 102,700...
Current Ratio The following financial data is from Hi-Tech Instruments' financial statements (thousands of dollars, except...
Current Ratio The following financial data is from Hi-Tech Instruments' financial statements (thousands of dollars, except earnings per share.) 2016 Sales revenue $210,000 Cost of goods sold 125,000 Net income 8,300 Dividends 2,600 Earnings per share 4.15 Hi-Tech Instruments, Inc. Balance Sheet (Thousands of Dollars) Dec. 31, 2016 Dec. 31, 2015 Assets Cash 14,300 $18,000 Accounts receivable (net) 42,000 41,000 Inventory 39,500 43,700 Total current assets 95,800 102,700 Plant assets (net) 52,600 50,500 Other assets 15,600 13,800 Total assets 164,000...
SE 13-1--SE 13-5 Cambridge Business Publishers e ments Chapter 13 Analysis and intereson of Financ SHORT...
SE 13-1--SE 13-5
Cambridge Business Publishers e ments Chapter 13 Analysis and intereson of Financ SHORT EXERCISES Use the following financial data for Brenner Instruments to answer Short Exercise 13-1 through 13.10 2019 (Thousands of Dollars, except Earnings per Share) Cost of goods sold. Earrings per share BRENNER INSTRUMENTS, INC. Balance Sheets Dec 31, 2019 Dec 31, 2018 (Thousands of Dollars) Assets $ 18,000 41.000 43,700 102.700 Accounts recebe (ne)... Inventory Total current assets...... Plantas (net)... 45,000 30,500 103,800 52.600...
The following financial statements apply to Karl Company: Calculate the following ratios for 2018 and 2019....
The following financial statements apply to Karl Company:
Calculate the following ratios for 2018 and 2019. Since 2017
numbers are not presented, do not use averages when calculating the
ratios for 2018. Instead, use the number presented on the 2018
balance sheet.
2019 2018 $420,000 16,000 436,000 $350,000 10,000 360,000 252,000 42,000 22,000 6,000 42,000 364,000 $ 72,000 206,000 38,000 20,000 6,000 36,000 306,000 $ 54,000 Revenues Net sales Other revenues Total revenues Expenses Cost of goods sold Selling expenses...
The following financial statements apply to Karl Company: 2019 Revenues Net sales Other revenues $420,000 350,000...
The following financial statements apply to Karl Company: 2019
Revenues Net sales Other revenues $420,000 350,000 10,000 360,000
16,000 436,000 Total revenues Expenses Cost of goods sold Selling
expenses General and administrative expenses Interest expense
Income tax expense 252,000 42,000 22,000 6,000 42,000 364,00e
206,000 38,000 20,000 6,000 36,000 306,000 Total expenses Net
income Assets Current assets $ 72,000 $ 54,000 $ 8,000 16,000
Marketable securities Accounts receivable Inventories Prepaid
expenses 70,000 200,000 6,000 286,000 210,000 40,000 $536,000
64,000 192,000...
Problem 13-04A a1,b (Video) The following financial information is for Oriole Company. Oriole Company Balance Sheets...
Problem 13-04A a1,b (Video) The following financial information is for Oriole Company. Oriole Company Balance Sheets December 31 Assets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land 2020 $ 70,000 51,000 107,000 234,000 26,000 135,000 261,000 $884,000 2019 $ 69,000 40,000 92,000 167,000 23,000 135,000 184,000 $710,000 Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable Accounts payable Accrued liabilities Bonds payable, due 2023 Common stock, $10 par Retained earnings Total liabilities and stockholders' equity...
Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as...
Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of December 31 2019 2018 Assets Cash and equivalents $ 13,000 $ 11,000 Accounts receivable 35,000 30,000 Inventories 30,380 26,000 Total current assets $ 78,380 $ 67,000 Net plant and equipment 46,000 45,000 Total assets $124,380 $112,000 Liabilities and Equity Accounts payable $ 10,300 $ 8,000 Accruals 7,700 6,000 Notes payable 6,300 5,050 Total current liabilities $ 24,300 $ 19,050 Long-term bonds 15,000 15,000 Total liabilities $...
Exercise 13-18 a Martinez Company's condensed financial statements provide the following information. MARTINEZ COMPANY BALANCE SHEET...
Exercise 13-18 a Martinez Company's condensed financial statements provide the following information. MARTINEZ COMPANY BALANCE SHEET Dec. 31, 2020 Dec. 31, 2019 Cash $60,600 $52,400 Accounts receivable (net) 197,600 79,200 Short-term investments 40,000 79,200 361,900 Inventory 437,500 Prepaid expenses 3,000 7,000 Total current assets $769,700 $548,700 858,900 Property, plant, and equipment (net) 854,600 Total assets $1,624,300 $1,407,600 Current liabilities 233,500 167,200 Bonds payable 404,000 404,000 Common stockholders' equity 986,800 836,400 $1,407,600 Total liabilities and stockholders' equity $1,624,300 INCOME STATEMENT FOR...
QUESTION 3 From following financial statements, calculate following ratios and analyse the current year and previous...
QUESTION 3 From following financial statements, calculate following ratios and analyse the current year and previous year performance a) Current ratio. b) Days sales outstanding (DSO). (Sales 2017 RM500m & Sales 2018 RM600m) c) Inventory turnover ratio d) Total debt to assets e) Return on assets (ROA) (Net income 2017 RM42m &Net income 2018 RM58m) Moon Inc. Balance Sheet (RM millions) as at December 31, 2015 and 2016 2015 21 51 2016 20 84 Cash Accounts receivable Inventory Prepaid expenses...
Dividends per Share The following financial data is from Hi-Tech Instruments' financial statements (thousands of dollars, except earnings per share.) 2016 Sales revenue Cost of goods sold Net income Dividends Earnings per share $210,000 125,000 8,800 3,100 4.40 Hi-Tech Instruments, Inc. Balance Sheet (Thousands of Dollars) Dec. 31, 2016 Dec. 31, 2015 Assets Cash $18,300 $18,000 Accounts receivable (net) 46,000 41,000 Inventory 39,500 43,700 Total current assets 103,800 102,700 Plant assets (net) 52,600 50,500 Other assets 15,600 13,800 Total assets...
Business Course Gross Profit Percentage The following financial data is from Brenner Instruments' financial statements (thousands of dollars, except earnings per share.) 2019 Sales revenue Cost of goods sold Net income Dividends Earnings per share $210,000 125,000 8,300 2,600 4.15 Support Business Course $18,300 Assets Cash Accounts receivable (net) Inventory Total current assets Plant assets (net) Other assets Total assets Liabilities and Stockholders' Equity Notes payable-banks Accounts payable Accrued liabilities 46,000 39,500 103,800 52,600 15,600 $172,000 $18,000 41,000 43,700 102,700...
SE 13-1--SE 13-5
Cambridge Business Publishers e ments Chapter 13 Analysis and intereson of Financ SHORT EXERCISES Use the following financial data for Brenner Instruments to answer Short Exercise 13-1 through 13.10 2019 (Thousands of Dollars, except Earnings per Share) Cost of goods sold. Earrings per share BRENNER INSTRUMENTS, INC. Balance Sheets Dec 31, 2019 Dec 31, 2018 (Thousands of Dollars) Assets $ 18,000 41.000 43,700 102.700 Accounts recebe (ne)... Inventory Total current assets...... Plantas (net)... 45,000 30,500 103,800 52.600...
The following financial statements apply to Karl Company:
Calculate the following ratios for 2018 and 2019. Since 2017
numbers are not presented, do not use averages when calculating the
ratios for 2018. Instead, use the number presented on the 2018
balance sheet.
2019 2018 $420,000 16,000 436,000 $350,000 10,000 360,000 252,000 42,000 22,000 6,000 42,000 364,000 $ 72,000 206,000 38,000 20,000 6,000 36,000 306,000 $ 54,000 Revenues Net sales Other revenues Total revenues Expenses Cost of goods sold Selling expenses...
The following financial statements apply to Karl Company: 2019
Revenues Net sales Other revenues $420,000 350,000 10,000 360,000
16,000 436,000 Total revenues Expenses Cost of goods sold Selling
expenses General and administrative expenses Interest expense
Income tax expense 252,000 42,000 22,000 6,000 42,000 364,00e
206,000 38,000 20,000 6,000 36,000 306,000 Total expenses Net
income Assets Current assets $ 72,000 $ 54,000 $ 8,000 16,000
Marketable securities Accounts receivable Inventories Prepaid
expenses 70,000 200,000 6,000 286,000 210,000 40,000 $536,000
64,000 192,000...
Problem 13-04A a1,b (Video) The following financial information is for Oriole Company. Oriole Company Balance Sheets December 31 Assets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land 2020 $ 70,000 51,000 107,000 234,000 26,000 135,000 261,000 $884,000 2019 $ 69,000 40,000 92,000 167,000 23,000 135,000 184,000 $710,000 Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable Accounts payable Accrued liabilities Bonds payable, due 2023 Common stock, $10 par Retained earnings Total liabilities and stockholders' equity...
Exercise 13-18 a Martinez Company's condensed financial statements provide the following information. MARTINEZ COMPANY BALANCE SHEET Dec. 31, 2020 Dec. 31, 2019 Cash $60,600 $52,400 Accounts receivable (net) 197,600 79,200 Short-term investments 40,000 79,200 361,900 Inventory 437,500 Prepaid expenses 3,000 7,000 Total current assets $769,700 $548,700 858,900 Property, plant, and equipment (net) 854,600 Total assets $1,624,300 $1,407,600 Current liabilities 233,500 167,200 Bonds payable 404,000 404,000 Common stockholders' equity 986,800 836,400 $1,407,600 Total liabilities and stockholders' equity $1,624,300 INCOME STATEMENT FOR...
QUESTION 3 From following financial statements, calculate following ratios and analyse the current year and previous year performance a) Current ratio. b) Days sales outstanding (DSO). (Sales 2017 RM500m & Sales 2018 RM600m) c) Inventory turnover ratio d) Total debt to assets e) Return on assets (ROA) (Net income 2017 RM42m &Net income 2018 RM58m) Moon Inc. Balance Sheet (RM millions) as at December 31, 2015 and 2016 2015 21 51 2016 20 84 Cash Accounts receivable Inventory Prepaid expenses...
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