Question
1) Calculate gross profit in dollars and percentages 2) Calculate inventory turnover 3) Calculate accounts receivable turnover in days 4) Calculate return on stockholders equity
1) Calculate gross profit in dollars and percentages
2) Calculate inventory turnover
3) Calculate accounts receivable turnover in days
4) Calculate return on stockholders equity
| Statement of financial position, Dec 31 2016 | ||
| Assets | 2016 | 2015 |
| Cash | 60.100 | 64.200 |
| Accounts receivable | 117.800 | 102.800 |
| Inventory | 123.000 | 115.500 |
| Financial fixed assets, securities | 69.000 | 50.000 |
| Buildings | 600.300 | 520.300 |
| Total Assets | 970.200 | 852.800 |
| Liabilities & equity |
|
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| Accounts payable | 160.000 | 145.400 |
| Expenses payable | 43.500 | 62.000 |
| Long-term liabilities, notes payable | 200.000 | 200.000 |
| Capital stock | 280.000 | 280.000 |
| Retained earnings | 286.700 | 165.400 |
| Total liabilities & equity | 970.200 | 852.800 |
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| Income Statement, Jan 1 Dec 31 2016 | ||
| Revenues |
| 1.818.500 |
| Cost of goods | 1.011.500 |
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| Operating expense | 516.000 |
|
| Interest expense | 18.000 |
|
| Net income before taxes |
| 273.000 |
| Income taxes |
| 81.000 |
| Net income |
| 192.000 |
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Introduction to Managerial Accounting
Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen
8th edition
1259917061, 978-1259917066
