Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

All sales were on credit. Net cash provided by operating activities for 2025 was $189,200. Capital expenditures were $116,960, and cash dividends paid were $59.956.

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
All sales were on credit. Net cash provided by operating activities for 2025 was $189,200. Capital expenditures were $116,960, and cash dividends paid were $59.956. Compute the following ratios for 2025, (Round Debt to asset ratio and Free cash flow to 0 decimal places, e.s. 15 or 15%, Earnings per share, Return on assets, Current ratio and Asset turnover to 2 decimal places, e.s. 1.83 or 1.83% and all other answers to 1 decimal place, e.3. 1.8 or 1.8%. Use 365 days for calculations.) The comparative statements of Ivanhoe Company are presented here. \begin{tabular}{|l|l|} \hline IvanhoeCompanyBalanceSheetsDecember31 & \\ \hline & 2025 \\ \hline \end{tabular} Assets Current assets Liabilities and Stockholders' Equity. Current liabilities Accounts payable $137,600$125,044 Income taxes payable Total current liabilities \begin{tabular}{ll} 37.410 & 36,120 \\ \hline 175,010 & 161.164 \\ \hline \end{tabular} c. Returnon assets % d. Current ratio :1 e. Accounts receivable turnover times f. Average collection period days g. Inventory turnover times h. Days in inventory days i. Times interest earned times j. Asset turnover times k. Debt to assets ratio % I. Freecashflow $ Liabilities and Stockholders' Equity. Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock ( $5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $137,600$125,044 \begin{tabular}{ll} 249,400 & 258,000 \\ 269,524 & 142,244 \\ 518,924 & 400,244 \\ \hline$883,134 & $733,408 \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

How To Secure And Audit Oracle 10g And 11g

Authors: Ron Ben-Natan, Brian E. White, Paul R. Garvey

1st Edition

1420084127, 978-1420084122

More Books

Students also viewed these Accounting questions