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Mini-Exercise Calculate activity measures The following information was available for the year 11.2 ended December 31,...
The following information was available for the year ended December 31, 2019 Net sales Cost of...
The following information was available for the year ended December 31, 2019 Net sales Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end Average Inventory for the year Inventory at year-end $839.500 605,900 39,500 29.900 170,000 157,700 Required: a. Calculate the inventory turnover for 2019. (Round your answer to 2 decimal places.) b. Calculate the number of days' sales in inventory for 2019, using year-end inventories (Use 365 days a year. Round your answer to...
Net Sales Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end...
Net Sales Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end Average inventory for the year Inventory at year-end $1,095,000 657,000 44,250 18,000 226,000 158,400 Required: a. Calculate the inventory turnover for 2019. (Round your answer to 2 decimal places.) b. Calculate the number of days' sales in inventory for 2019, using year-end inventories. (Use 365 days a year. Round your answer to 1 decimal place.) c. Calculate the accounts receivable turnover for 2019. (Round...
please complete the entire question, try and use the same format if possible Cheche The following...
please complete the entire question, try and use the same format if
possible
Cheche The following information was available for the year ended December 31, 2019 Net sales Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end Average inventory for the year Inventory at year-end $1,022,000 642,400 43,000 22,400 210.000 156409 Required: a. Calculate the inventory turnover for 2019. (Round your answer to 2 decimal places.) b. Calculate the number of days' sales in inventory...
The following information was available for the year ended December 31, 2016: Sales $ 240,000 Net...
The following information was available for the year ended December 31, 2016: Sales $ 240,000 Net income 35,560 Average total assets 540,000 Average total stockholders' equity 310,000 Dividends per share 1.22 Earnings per share 3.00 Market price per share at year-end 24.30 Required: a. Calculate margin, turnover, and ROI for the year ended December 31, 2016. (Round your intermediate calculations and final answers to 2 decimal places.) b. Calculate ROE for the year ended December 31, 2016. (Round your answer...
Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 [The following information applies to the...
Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 32,230 $ 37,673 $ 39,243 89,400 62,800 50, 100...
Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 27,904 $ 32...
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
27,904
$
32,617
$
34,676
Accounts receivable, net
89,700
62,600
59,700
Merchandise inventory
113,000
83,000
54,000
Prepaid expenses
8,986
8,562
3,853
Plant assets, net
247,981
233,541
208,871
Total assets
$
487,571
$
420,320
$
361,100
Liabilities and Equity
Accounts payable
$
117,763
$
68,903
$
46,235
Long-term notes payable secured by
mortgages on plant assets
88,913
93,773
77,409
Common stock, $10 par value
162,500
162,500...
The following information was available for the year ended December 31, 2019: Sales $ 500,000 Net...
The following information was available for the year ended December 31, 2019: Sales $ 500,000 Net income 71,700 Average total assets 800,000 Average total stockholders' equity 375,000 Dividends per share 1.35 Earnings per share 3.00 Market price per share at year-end 28.20 Required: Calculate margin, turnover, and ROI for the year ended December 31, 2019. Calculate ROE for the year ended December 31, 2019. Calculate the price/earnings ratio for 2019. Calculate the dividend payout ratio for 2019. Calculate the dividend...
Suppose at December 31 of a recent year, the following information in thousands) was available for...
Suppose at December 31 of a recent year, the following information in thousands) was available for sunglasses manufacturer Oakley Inc.: ending inventory $166,000; beginning inventory $120,000; cost of goods sold $351,780 and sales revenue $761,000. Calculate the inventory turnover for Oakley, Inc. (Round inventory turnover to 2 decimal places, e.g. 5.12.) Inventory turnover times SHOW LIST OF ACCOUNTS udy Calculate the days in inventory for Oakley, Inc. (Round days in inventory to decimal places, eg. 125.) Days in Inventory days
The financial statements of winery Andrew Peller Limited reported net sales of $342,606 thousand for its year ended Marc...
The financial statements of winery Andrew Peller
Limited reported net sales of $342,606 thousand for its
year ended March 31, 2017. Accounts receivable were $26,973
thousand at March 31, 2017, and $28,223 thousand at March 31,
2016.
Calculate the company’s accounts receivable turnover ratio and the
average collection period for accounts receivable in days.
(Round answers to 2 decimal places, e.g. 15.25. Use 365
days for calculation.)
Accounts receivable turnover ratio
enter Accounts receivable
turnover ratio in times
times
Average...
Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 [The following information applies to the...
Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed below.] Simon Companyâ€s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 26,619 $ 31,115 $ 32,412 Accounts receivable, net 89,000 62,100 53,200 Merchandise inventory 114,500 83,000 57,000 Prepaid expenses 8,572 8,168 3,601 Plant assets, net 217,041 208,489 184,487 Total assets $ 455,732 $ 392,872 $ 330,700 Liabilities and Equity Accounts payable $ 112,342 $ 65,731 $ 43,216...
The following information was available for the year ended December 31, 2019 Net sales Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end Average Inventory for the year Inventory at year-end $839.500 605,900 39,500 29.900 170,000 157,700 Required: a. Calculate the inventory turnover for 2019. (Round your answer to 2 decimal places.) b. Calculate the number of days' sales in inventory for 2019, using year-end inventories (Use 365 days a year. Round your answer to...
Net Sales Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end Average inventory for the year Inventory at year-end $1,095,000 657,000 44,250 18,000 226,000 158,400 Required: a. Calculate the inventory turnover for 2019. (Round your answer to 2 decimal places.) b. Calculate the number of days' sales in inventory for 2019, using year-end inventories. (Use 365 days a year. Round your answer to 1 decimal place.) c. Calculate the accounts receivable turnover for 2019. (Round...
please complete the entire question, try and use the same format if
possible
Cheche The following information was available for the year ended December 31, 2019 Net sales Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end Average inventory for the year Inventory at year-end $1,022,000 642,400 43,000 22,400 210.000 156409 Required: a. Calculate the inventory turnover for 2019. (Round your answer to 2 decimal places.) b. Calculate the number of days' sales in inventory...
Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 32,230 $ 37,673 $ 39,243 89,400 62,800 50, 100...
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
27,904
$
32,617
$
34,676
Accounts receivable, net
89,700
62,600
59,700
Merchandise inventory
113,000
83,000
54,000
Prepaid expenses
8,986
8,562
3,853
Plant assets, net
247,981
233,541
208,871
Total assets
$
487,571
$
420,320
$
361,100
Liabilities and Equity
Accounts payable
$
117,763
$
68,903
$
46,235
Long-term notes payable secured by
mortgages on plant assets
88,913
93,773
77,409
Common stock, $10 par value
162,500
162,500...
Suppose at December 31 of a recent year, the following information in thousands) was available for sunglasses manufacturer Oakley Inc.: ending inventory $166,000; beginning inventory $120,000; cost of goods sold $351,780 and sales revenue $761,000. Calculate the inventory turnover for Oakley, Inc. (Round inventory turnover to 2 decimal places, e.g. 5.12.) Inventory turnover times SHOW LIST OF ACCOUNTS udy Calculate the days in inventory for Oakley, Inc. (Round days in inventory to decimal places, eg. 125.) Days in Inventory days
The financial statements of winery Andrew Peller
Limited reported net sales of $342,606 thousand for its
year ended March 31, 2017. Accounts receivable were $26,973
thousand at March 31, 2017, and $28,223 thousand at March 31,
2016.
Calculate the company’s accounts receivable turnover ratio and the
average collection period for accounts receivable in days.
(Round answers to 2 decimal places, e.g. 15.25. Use 365
days for calculation.)
Accounts receivable turnover ratio
enter Accounts receivable
turnover ratio in times
times
Average...
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