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Accounts 2021 2022 Cash $45.00 $50.00 A/R $113.00 $309.00 Inventory $336.00 $281.00 Total $494.00 $640.00 Net Fixed Assets $1,000.00 $1,200.00 Total Assets $1,494.00 $1,840.00 Accounts
| Accounts | 2021 | 2022 |
|---|---|---|
| Cash | $45.00 | $50.00 |
| A/R | $113.00 | $309.00 |
| Inventory | $336.00 | $281.00 |
| Total | $494.00 | $640.00 |
| Net Fixed Assets | $1,000.00 | $1,200.00 |
| Total Assets | $1,494.00 | $1,840.00 |
| Accounts | 2021 | 2022 |
|---|---|---|
| Accounts Payable | $204.00 | $151.00 |
| Notes Payable | $150.00 | $125.00 |
| Total | $354.00 | $276.00 |
| Long-Term Debt | $500.00 | $750.00 |
| Common Stock | $400.00 | $400.00 |
| Retained Earnings | $240.00 | $414.00 |
| Total Liabilities | $1,494.00 | $1,840.00 |
| Accounts | 2021 | 2022 |
|---|---|---|
| Sales | $3,838.00 | |
| Cost of Goods Sold | $3,070.40 | |
| Depreciation | $200.00 | |
| EBIT | $567.60 | |
| Interest | $40.00 | |
| Taxes | $227.04 | |
| Net Income | $300.56 |
Questions
- What is the Inventory Turnover?
- What is the AR Turnover?
- What is the AP Turnover?
- What is the Inventory Period?
- What is the AR Period?
- How long is the Operating Cycle?
- How long is the Cash Cycle?
- What is Net Working Capital for 2022?
DO NOT round until after all calculations have been completed. For the final answer, Round to 4 decimal places.
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Managerial Accounting An Introduction to Concepts Methods and Uses
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
10th Edition
1111822239, 324639767, 9781111822231, 978-0324639766
