Link, Incorporation Selected financial data ($ thousands) Income statement and related items Sales Cost of goods...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Link, Incorporation Selected financial data ($ thousands) Income statement and related items Sales Cost of goods sold Net income Cash flow from operations Balance sheet items Cash Marketable securities Accounts receivable Inventory Total current assets Accounts payable Accrued liabilities Total current liabilities 2020 $ 160,835 141,829 $ 274,219 209,628 (91,432) (257,981) (35,831) (12,538) $ 236,307 209,670 12,645 3,971 2021 462,593 17,735 27,184 44,919 $164,952 22,638 21,655 40,556 249,801 13,962 76,596 90,558 Please refer to the financial data for Link, Incorporation above. What is Link's payables period in days, based on cost of goods sold, for 2021? Link, Incorporation Selected financial data ($ thousands) Income statement and related items Sales Cost of goods sold Net income Cash flow from operations Balance sheet items Cash Marketable securities Accounts receivable Inventory Total current assets Accounts payable Accrued liabilities Total current liabilities 2020 $ 160,835 141,829 $ 274,219 209,628 (91,432) (257,981) (35,831) (12,538) $ 236,307 209,670 12,645 3,971 2021 462,593 17,735 27,184 44,919 $164,952 22,638 21,655 40,556 249,801 13,962 76,596 90,558 Please refer to the financial data for Link, Incorporation above. What is Link's payables period in days, based on cost of goods sold, for 2021?
Expert Answer:
Answer rating: 100% (QA)
To calculate Link Incorporations payables period in days ba... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation
ISBN: 978-0324302950
6th edition
Authors: Clyde P. Stickney
Posted Date:
Students also viewed these finance questions
-
If today is Aug. 12, 2022, what should be the price of a Treasury Strip that matures on April 15, 2033 with a face value of $10,000 if it offers a BEY of 3.00 percent?
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
A drug company expects the NPV of the expenditures on its clinical drug trials will be $105 million at the start of commercialization. Commercialization is either expected to be a huge success or a...
-
What are the values of m and n after executing the following code? int n = 123456789; int m= 0; while (n != 0) { } m (10 m) + (n % 10); n = n/ 10;
-
Use Thevenins theorem to find Vo(t),t>0 in the network.
-
Jamie purchased $100,000 of new office furniture for her business in June of the current year. Jamie understands that if she elects to use ADS to compute her regular income tax, there will be no...
-
A convergent-divergent nozzle has an exit throat area ratio of 3.0. It is to be supplied with air. Find: (a) The first, second, and third critical pressure ratios; (b) The exit plane Mach number in...
-
Lauren Tarson and Michele Progransky opened Top Drawer Optical seven years ago with the goal of producing fashionable and affordable eyewear. Tarson and Progransky have been very pleased with their...
-
You are a correctional counselor assigned to James, a 17-year-old boy who was charged with robbery after he held up a cab driver while holding a knife to his throat. James was soon apprehended by...
-
Bob Burley and his brother Buford ran the best restaurant in Dallas, Texas. Many out-of-towners would visit Dallas and go to Burleys Biscuits, Beef, and Veggies for a good wholesome meal. One thing...
-
Discuss in detail why a company is preferred against the following business structures: a) trust b) partnership c) sole trader d) superannuation fund Discuss the benefits by keeping in view the...
-
Multiple Choice Question Based on the table, which field is likely to have the highest MRP? What Does Your Major Pay? Major Median Starting Salary Major Median Starting Salary Chemical engineering...
-
n the computation of basic earnings per share, a company will use the Blank______. Multiple choice question. year-end common shares outstanding beginning-year common shares outstanding...
-
One of the general Medicaid income and asset guidelines states that only a portion of Blank______ income from Social Security benefits, Supplemental Security Income (SSI), and veterans' benefits and...
-
A prospect says that she is a little concerned about the cost of a product so you ask her, "Are you saying that price is the most important thing you are interested in?" This is an example of: a...
-
1. A coupon bond that pays interest of $60 annually has a par value of $1,000, matures in 6 years, and is selling today at an $84.52 discount from par value. What is the yield to maturity on this...
-
ABC is an online retailer of vitamins. The demand for vitamins is 3,600 bottles per year. ABC incurs a fixed ordering cost of $100 each time a bottle is ordered, and a holding cost is $8.00. The...
-
Determine the center and radius of each circle. Sketch each circle. 4x 2 + 4y 2 9 = 16y
-
Ford Motor Company (Ford) needs to acquire computer equipment from IBM as of January 1, Year 4. Ford can borrow the necessary funds to purchase the computer for $10,000,000. Ford, however, desires to...
-
The financial statements of Ford Motor Company reveal the information regarding income taxes shown in Exhibit 2.8. Required a. Assuming that Ford had no significant permanent differences between book...
-
Choosing the functional currency is a key decision for translating the financial statements of foreign entities of U.S. firms into U.S. dollars. Qing Corporation, a U.S. firm that sells car...
-
a. For a sample time of 0.001 s, what is the transfer function of a single-pole low-pass filter with a bandwidth of 20 Hz? b. What is the time-domain function? c. Run the first four samples for RN =...
-
a. For a sample time of 0. 00025 s, what is the transfer function of a two-pole notch filter with a bandwidth of 200 Hz and a = 0.2? b. Evaluate this transfer function at the following frequencies:...
-
Retune the proportional controller of Experiment 6 A with the power converter bandwidth set to 100 Hz. Use the criteria of Chapter 6 (no overshoot for proportional gain, etc.). Measure the overshoot,...
Study smarter with the SolutionInn App