Following are the key ratios of Marilyn Production Bhd. Marilyn Production Bhd 2016 5 2.7 Ratios...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Following are the key ratios of Marilyn Production Bhd. Marilyn Production Bhd 2016 5 2.7 Ratios Current ratio Acid-test (Quick ratio) Inventory turnover 2.0 times Average collection 131 days period 2017 5.35 2.63 2.46 times 108 days Industry Norm 5.00 3.00 2.20 90 days Based on the above information, answer questions below. (i) Using Time-Series Analysis, comment on the liquidity position of Marilyn Production Bhd. (4 marks) Using Time-Series Analysis, comment on the efficiency of Marilyn Production Bhd in managing their inventory. (4 marks) Following are the key ratios of Marilyn Production Bhd. Marilyn Production Bhd 2016 5 2.7 Ratios Current ratio Acid-test (Quick ratio) Inventory turnover 2.0 times Average collection 131 days period 2017 5.35 2.63 2.46 times 108 days Industry Norm 5.00 3.00 2.20 90 days Based on the above information, answer questions below. (i) Using Time-Series Analysis, comment on the liquidity position of Marilyn Production Bhd. (4 marks) Using Time-Series Analysis, comment on the efficiency of Marilyn Production Bhd in managing their inventory. (4 marks)
Expert Answer:
Answer rating: 100% (QA)
i Using TimeSeries Analysis comment on the liquidity position of Marilyn Production Bhd Based on the current ratio we can see that Marilyn Production ... View the full answer
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
Posted Date:
Students also viewed these finance questions
-
Exhibit 4-2 Price A S D D' Quantity Refer to Exhibit 4-2. A shift from demand curve D to D' illustrates a(n) O a. increase in supply O b. decrease in demand O c. decrease in quantity demanded O d....
-
Find a unit vector in the direction in which f(x, y) = 6x7y increases most rapidly at P(-1, 1), and find the rate of change of f at P in that direction. NOTE: Enter the exact answers. u = ||Vf(-1, 1)...
-
Who issues warrants? Multiple choice question. Investment bankers Stock exchanges The firm Stock brokers
-
9. What is the coordination entity formed when excess of aqueous KCN is added to an aqueous solution of copper sulphate? Why is it that no precipitate of copper sulphide is obtained when H2S(g) is...
-
Walter earns a year-end bonus of $5000 and puts it in 3 one-year investments that pay $243 in simple interest. Part is invested at 3%, part at 4%, and part at 6%. There is $1500 more invested at 6%...
-
In Problem, find each indicated derivative and simplify 10 for y=1+x4 dx
-
Warehousemasters Ltd (W) specializes in the design, manufacture and installation of tailor-made storage equipment. Its products and services range from a few yards of shelving to the design and...
-
On March 1, Jordan Company borrows $90,000 from Ottawa State Bank by signing a 6-month, 8%, interest-bearing note. Instructions Prepare the necessary entries below associated with the note payable on...
-
Determine: if W = the set of all vectors in R2 whose components are integers is a subspace
-
Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows. Beginning work in process inventory Units started this...
-
According to a summary of the payroll of Guthrie Co., $600,000 was subject to the 6.0% social security tax and the 1.5% Medicare tax. Also, $56,000 was subject to state and federal unemployment...
-
Annual Revenue in the Retail Industry Apr - Jun Moen Binders Graff Jul - Sep Smiths What was the average monthly revenue gene by Moen from January to June? 8,333 7,500 9,167 27,500 Oct - Dec
-
The condensed product-line income statement for Porcelain Tableware Company is as follows: PORCELAIN TABLEWARE COMPANY Product-Line Income Statement Light Medium Dark Roast Roast Roast Sales $654,000...
-
(b) Let = [x, xy]. Use Green's theorem to evaluate F. dr counterclockwise around the boundary C of the rectangle (0, 0), (2, 0), (2, 3), (0, 3). [13]
-
3. Galileo claimed everything experienced acceleration downward of about 10 m/s2. In light of Newton's ideas about forces, what's wrong with Galileo's statement? Suggest a better version of it that...
-
Lily Company manufactures two products, Regular and Supreme. Lily's estimated overhead costs consist of machining, $4000000; and assembling, $2000000. Information on the estimated use of the cost...
-
6 . st apportionment is carried out by: a. charging each cost unit to a realistic proportion of overheads. O b. charging whole items of cost to cost centres. O c. dividing common cost among cost...
-
Assume that a trial balance is prepared with an account balance of $21,360 listed as $21,630 and an account balance of $1,500 listed as $15,000. Identify the transposition and the slide.
-
Starlight Graphics Ltd. signed a 10-year, 6.5%, $700,000 mortgage on June 30, 2017, to help finance a new research laboratory. The mortgage terms provide for semi-annual blended principal and...
-
You are analyzing the financial statements of Able Ltd. and read in the notes to its financial statements that the company uses FIFO rather than an average cost formula when accounting for...
-
The financial statements of The North West Company Inc. are presented in Appendix B, followed by the financial statements for Sobeys Inc. in Appendix A. Instructions (a) Compare the statements of...
-
Will liquidity premiums tend to rise or fall during a crash? Why?
-
An experiment was recently carried out where a child, an astrologer and a financial analyst were each given 10,000 to invest for eight years. Who do you think achieved the best results?
-
The standard deviation of the earnings on Bouygues shares is 40%, while for Siemens it is only 28%. However, Bouygues has a of 1.13 and Siemens of 1.7. Explain how this is possible.
Study smarter with the SolutionInn App