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Calculate activity ratio (inventory turnover, receivable turnover, total assets turnover, fixed assets turnover, working capital turnover, payable turnover, number of days of inventories, number of
Calculate activity ratio (inventory turnover, receivable turnover, total assets turnover, fixed assets turnover, working capital turnover, payable turnover, number of days of inventories, number of days of receivable, number of days of payable) for 2016 and 2015. Then analyze and comment on the above indicators
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BERLIN CORPORATION Balance Sheets December 31, 2016 Unit: \$1,000 20162015 Assets 5 Cash and marketable securities Marketable securities Accounts receivable (net) Inventories Prepaid expense Total current assets Property, plant and equipment (net) Investments Long-term receivables Goodwill and patents, net Other assets Total long-term assets Total assets Liabilities and equity Notes payable Accounts payable Accrued expenses Income taxes payable Current portion of long-term debt Total current liabilities Bonds payable Long-term debt Deferred taxes Other liabilities Total long-term liabilities Common stock Additional paid-in capital, common Retained earnings RLIN CORPORATION Income Statement and Retained Earnings Vaar Fnded December 31, 20016 Required: When data limitations prohibit computingaverages, use year-end balances in your calculations. BERLIN CORPORATION Balance Sheets December 31, 2016 Unit: \$1,000 20162015 Assets 5 Cash and marketable securities Marketable securities Accounts receivable (net) Inventories Prepaid expense Total current assets Property, plant and equipment (net) Investments Long-term receivables Goodwill and patents, net Other assets Total long-term assets Total assets Liabilities and equity Notes payable Accounts payable Accrued expenses Income taxes payable Current portion of long-term debt Total current liabilities Bonds payable Long-term debt Deferred taxes Other liabilities Total long-term liabilities Common stock Additional paid-in capital, common Retained earnings RLIN CORPORATION Income Statement and Retained Earnings Vaar Fnded December 31, 20016 Required: When data limitations prohibit computingaverages, use year-end balances in your calculationsStep by Step Solution
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