Fill in the balance sheet for the Jamestown Company based on the following data (assume a 365-day

Question:

Fill in the balance sheet for the Jamestown Company based on the following data (assume a 365-day year):

Sales = $3,650,000

Total asset turnover =4x

Current ratio = 3:1

Quick ratio = 2:1

Current liabilities to net worth = 30%

Average collection period = 20 days

Total debt to total assets =0.4

Fill in the balance sheet for the Jamestown Company based

Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Financial Management

ISBN: 9780324289114

10th Edition

Authors: James R Mcguigan, R Charles Moyer, William J Kretlow

See More Books

Question Posted: Jul 17, 2012 02:09 AM

See More Questions

The balance sheet for Bryan Corporation is given below. Sales for the year were $3 ,040,000, with 75 percent of sales sold on credit. Compute the following ratios: a. Current ratio b. Quick ratio c....
The balance sheet for Kamel Corporation follows. Required Compute the following. $ 240,000 760,000 $1,000,000 $ 150,000 450,000 Current assets Long-term assets (net) Total assets Current liabilities...
The balance sheet for Bukin Corporation follows. Current assets ............. $ 300,000 Long-term assets (net) .......... 950,000 Total assets ............... $1,250,000 Current liabilities...
A national fast food restaurant chain has recently made the decision that their breakfast menu will now be available all day long. The product management team overseeing the breakfast lines including...
The Port Authority sells a wide variety of cables and adapters for electronic equipment online. Last year the mean value of orders placed with the Port Authority was $47.28, and management wants to...
Have I ever asked stakeholders in my organization an open-ended question like, What is securitys role here?
Have an awareness of the various types of budgets, and the use of budgets and financial ratios for control. LO.1
Materials are added at the beginning of the production process at Santiago Company, which uses a FIFO process costing system. The following information on the physical flow of units is available for...
Required #2 Use the Income Statement and Comparative Balance Sheet you prepared in Required #1 and the following additional information to prepare the Statement of Cash Flows (Indirect Method) for...
The Sentry Lock Corporation manufactures a popular commercial security lock at plants in Macon, Louisville, Detroit, and Phoenix. The per unit cost of production at each plant is $35.50, $37.50,...
Thompson Electronics, Inc., is presently 100 percent equity financed and has assets of $100 million. Thompsons present net income is $9 million, and the companys marginal and average tax rates are 40...
The Southwick Company has the following balance sheet ($000): Financial Ratios Current ratio ........ 1.92 Quick ratio ....... 1.08 Debt-to-equity ratio ...... 0.79 Evaluate the impact of each of the...
Your investment bank has an investment of $100 million in the stock of the Swiss Roll Corporation and a short position in the stock of the Frankfurter Sausage Company. Here is the recent price...
Most businesses have been impacted negatively in 2020 by the outbreak of Corona virus leading to the disease Covid 19. Many countries went in lock down where by economic activities nearly came to a...
The unadjusted trial balance has been entered on a 10-column end-of-period spreadsheet work sheet) for you. Complete the spreadsheet using the following adjustment data a Physcial inventory count on...
A) What should be the price of the call option? B) Assume that the call option on Apple with strike price $90 and maturity in one year is currently trading at $17. You immediately tell your broker...
White Company has two departments, Cutting and Finishing. The company uses job-order costing and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on...
Can someone please help me figure out how to find the qualified business income for this problem? Maria and Javier are the equal partners in MarJa, a partnership that is a qualifying trade or...
What are some of the advantages and disadvantages of BPR? (L07)
Which internal control principle is especially diffi cult for small organizations to implement? Why?
Calculate the volume of the sphere x 2 + y 2 + z 2 = a 2 , using both spherical and cylindrical coordinates.
In what sense is the WACC an average cost A marginal cost?
How would each of the following affect a firm's cost of debt, rd(1 = T); its cost of equity, rs; and its weighted average cost of capital, WACC? Indicate by a plus (+) a minus (_), or a zero (0) if...
Distinguish between beta (or market) risk, within-firm (or corporate) risk, and stand-alone risk for a potential project. Of the three measures, which is theoretically the most relevant, and why?
Assume that an investment of $100,000 is expected to grow during the next year by 8% with SD 20%, and that the return is normally distributed. Whats the 5% VaR for the investment? A. $24,898 B....
Simpson Ltd is a small IT company, which has 2 million shares outstanding and a share price of $20 per share. The management of Simpson plans to increase debt and suggests it will generate $3 million...
The following are the information of Chun Equipment Company for Year 2 . ( Hint: Some of the items will not appear on either statement, and ending retained earnings must be calculated. ) Salaries...

Fill in the balance sheet for the Jamestown Company based on the following data (assume a 365-day

Question:

Balance Sheet Cash Accounts receivable Inventory Accounts payable Total current liabilities Long-term debt Stockholders equity Total current assets Fixed assets Total assets Total liabilities and equity

Step by Step Answer:

Forecasted Balance Sheet Cash 128500 Accounts payable 164250 Accounts receivable 200000 Total ...View the full answer

Contemporary Financial Management

Students also viewed these Finance questions