4.16 Points] BRECMBC9 15.I.032.MI. Perform a vertical analysis for the balance sheet entry "Accounts Payable" given below (as a \%). (Round your answer to one decimal place.) Liabilities and Owner's Equity 4. [-14.16 Points] BRECMBC9 15.I.033.MI.SA. This question has several parts that must be completed sequentially. If You skip a part of the question, you will not recelve any points for the skipped part, and you will n skipped part. In horizontal analysis, each item of the current period is compared in dollars and percent with the corresponding item from a previous period. First, the dollar difference between the most recent and previous periods will be found and entered in the Amount column for each entry. If the amount is a decrease, it is entered in parentheses. A horizontal analysis is to be done on the "Cash" entry of the balance sheet below. Since a comparison of the "Cash" entry will be made from the previous period, subtract the amount of the "Cash" entry in 2018 from 2019 and place the difference in the balance sheet. BRECMBC9 15.II.010. culate the missing items in the income statement. Dollar amounts indicated are in thouse *Also includes interest expense and other income and losses. Need Help? 10. [0/4.16 Points] DETAILS PREVIOUS ANSWERS BRECMBC9 15.III.002. Calculate the amount of working capital (in \$) and the current ratio for the given company. Round ratios to the nearest hundredth. \begin{tabular}{|c|c|c|cr|rr|} \hline Company & Current Assets & Current Liabilities & Working Capital & \multicolumn{2}{|c|}{ Current Ratio } \\ \hline a custom home builder & $121,490 & $72,330 & $44190 & & 1.57 & :1 \\ \hline \end{tabular} Need Help? Roadit 11. [4.16/4.16 Points] DETAILS PREVIOUS ANSWERS BRECMBC9 15.III.006. MY NOTES ASK YOUR TEACI Calculate the quick assets (in $ ) and acid test ratio for the given company. Round ratios to the nearest hundrecth. \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline Company & Current Assets & Current Liabilities & Cash & Marketable Securities & Accounts Receivable & Quick Assets & Acid Test Ratio \\ \hline a retail grocery chain & $454,000 & $131,000 & $37,350 & $94,000 & $51,770 & $183120 & \\ \hline \end{tabular} Need Help? 16 Points] BRECMBC9 15.III.012.MI.SA. 5 question has several parts that must be completed sequentially. If you skip a part of the question, you will not receive any points for the skipped part, and you will not be able to come bac. pped part. Tutorial Exerelse Over the previous period, your company had accounts receivable of $95,300 and credit sales of $621,151.79. Calculate the average collection period. (Round to the nearest day.) Step 1 The average collection period indicates how quickly a firm's credit accounts are being collected and is a good measure of how efficiently a firm is managing its accounts receivable. It is calculated as follows and is expressed in days. averagecollectionperiod=creditsalesaccountsreceivable365 For the Akevious period, the accounts receivable is $95,300 and the credit sales is $621,151,79. Substitute these values to find the average collection period, rounding the result to the nearest whole number, averagecollectionperiod=creditsalesaccountsreceivable365=05ann365= Thus, to the nearest day, the average collection period is days. [-/4.16 Points] BRECMBC9 15.III.020. A coin shop had net sales of $1,287,200 last year. If the total assets of the company are $2,349,500, what is the asset turnover ratio? (Round your answer to two decimal places.) :1 15. [4.16/4.16 Points] BRECMBC9 15.III.022
