Question
1. Mobile Company Mobile Company manufactures computer technology devices. Selected financial data for Mobile is presented below; use the information to answer the following questions:
1. Mobile Company
Mobile Company manufactures computer technology devices. Selected financial data for Mobile is presented below; use the information to answer the following questions:
Current Assets
As of Dec. 31, 2010
Dec. 31, 2009
Cash and short-term investments
$1,267,038
$ 616,604
Accounts Receivable (net)
490,816
665,828
Inventories
338,599
487,505
Prepaid Expenses and other current assets
292,511
291,915
Total Current Assets
$2,388,964
$2,061,852
Current Liabilities
Short-term borrowings
$ 25,190
$ 38,108
Current portion of long-term debt
182,295
210,090
Accounts payable
296,307
334,247
Accrued liabilities
941,912
743,999
Income taxes payable
203,049
239,793
Total Current Liabilities
1,648,753
1,566,237
Selected Income Statement Data - for the year ending December 31, 2010:
Net Sales
$4,885,340
Cost of Goods Sold
2,542,353
Operating Income
733,541
Net Income
230,101
Selected Statement of Cash Flow Data - for the year ending December 31, 2010:
Cash Flows from Operations
$1,156,084
A.Refer to the information for Mobile Company. Mobile's current ratio in 2010 was:
B.Refer to the information for Mobile Company. Mobile's quick ratio changed by what percentage from 2009 to 2010?
C.Refer to the information for Mobile Company. Mobile's Operating Cash Flow to Current Liabilities ratio in 2010 was:
D.Refer to the information for Mobile Company. Mobile's days receivables outstanding at the end of 2010 was:
E.Refer to the information for Mobile Company. Mobile's days accounts payable outstanding at the end of 2010 is:
F.Refer to the information for Mobile Company. Days of other financing required by Mobile at the end of 2010 would be:
G.Refer to the information for Mobile Company. Mobile's 2010 Inventory Turnover ratio is:
1. Mobile Company
Mobile Company manufactures computer technology devices. Selected financial data for Mobile is presented below; use the information to answer the following questions:
|
|
|
Current Assets | As of Dec. 31, 2010 | Dec. 31, 2009 |
Cash and short-term investments | $1,267,038 | $ 616,604 |
Accounts Receivable (net) | 490,816 | 665,828 |
Inventories | 338,599 | 487,505 |
Prepaid Expenses and other current assets | 292,511 | 291,915 |
Total Current Assets | $2,388,964 | $2,061,852 |
|
|
|
Current Liabilities |
|
|
Short-term borrowings | $ 25,190 | $ 38,108 |
Current portion of long-term debt | 182,295 | 210,090 |
Accounts payable | 296,307 | 334,247 |
Accrued liabilities | 941,912 | 743,999 |
Income taxes payable | 203,049 | 239,793 |
Total Current Liabilities | 1,648,753 | 1,566,237 |
Selected Income Statement Data - for the year ending December 31, 2010: | |
Net Sales | $4,885,340 |
Cost of Goods Sold | 2,542,353 |
Operating Income | 733,541 |
Net Income | 230,101 |
Selected Statement of Cash Flow Data - for the year ending December 31, 2010: | |
Cash Flows from Operations | $1,156,084 |
A.Refer to the information for Mobile Company. Mobile's current ratio in 2010 was:
B.Refer to the information for Mobile Company. Mobile's quick ratio changed by what percentage from 2009 to 2010?
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|
|
|
|
|
C.Refer to the information for Mobile Company. Mobile's Operating Cash Flow to Current Liabilities ratio in 2010 was:
D.Refer to the information for Mobile Company. Mobile's days receivables outstanding at the end of 2010 was:
E.Refer to the information for Mobile Company. Mobile's days accounts payable outstanding at the end of 2010 is:
F.Refer to the information for Mobile Company. Days of other financing required by Mobile at the end of 2010 would be:
G.Refer to the information for Mobile Company. Mobile's 2010 Inventory Turnover ratio is:
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