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Chica Company has the following information at the end of December: Balance per bank statement 25,200 Balance per books 24,500 Deposits in Transit 7450 EFT

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Chica Company has the following information at the end of December: Balance per bank statement 25,200 Balance per books 24,500 Deposits in Transit 7450 EFT payments received from customers on account 2950 Bank service charges 25 Outstanding cheques 5225 Prepare the bank reconciliation and any necessary journal entries at September 30th. Use the following information to calculate financial ratios for the company. (show all answers to 1 decimal place AND state in proper form i.e. %, #days, #times and for current/quick ratio X:1): 2021 Cash 82,370 Accounts Receivable 6,555 Total Inventory 327,750 Prepaid Expenses 4,288 Total Current Assets 420,963 Property and Equipment 290,750 Total Assets 711,713 Total Current Liabilities 111,450 Total Debt 45,000 Total Liabilities 156,450 Total Shareholders' Equity 555,263 Sales/Total Revenue / Net 2,250,000 Credit Sales COGS (Cost of Goods Sold) 1,370,500 Gross Profit 879,500 Net Income / Profit 207,850 1. Calculate the Current Ratio for 2021 2020 71,740 5,963 364,680 5,382 447,765 250,612 698,377 128,857 50,512 179,369 519,008 2,064,676 1,299,092 765,584 250,094 2. Calculate the Quick Ratio for 2021 250,094 Net Income / Profit 207,8501 1. Calculate the Current Ratio for 2021 2. Calculate the Quick Ratio for 2021 3. Calculate the Inventory Turnover for 2021 4. Calculate the Days Sales in Inventory for 2021 5. Calculate the Gross Margin for 2021 SUMMARY OF KEY FORMULAE Item Formula Working capital Current assets - Current liabilities Current Ratio Current assets/Current liabilities Quick Ratio (Acid-test) Cash short-term investments + AR/Current liabilities Receivables turnover Sales y average gross accounts receivable Collection Period Days in year Receivables turnover Inventory turnover Cost of goods soldy Average inventory Days sales in inventory Days in year / Inventory turnover Operating cycle Days sales in inventory + collection period Debt to Total Assets Total liabilities/ Total assets Collection Period Days in year / Receivables turnover Inventory turnover Cost of goods sold / Average inventory Days sales in inventory Days in year / Inventory turnover Operating cycle Days sales in inventory + collection period Debt to Total Assets Total liabilities / Total assets Debt to Equity Total liabilities / Owner's (Shareholders') Equity Interest Coverage Profit + Interest expense + Income Tax Expense (EBIT) / Interest Expense Free Cash Flow Net cash provided (used) by operating activities - cash used for investing activities Gross Margin (%) Gross Profit/Total revenue (Gross Profit Margin) Profit Margin Net profit / Total revenue (%) (Net Margin) Asset turnover Net sales / Average total assets Return on Assets Net profit/ average total assets Return on Profit / Average shareholders' equity Equity (ROE) Earnings per Profit - Preferred dividends / Weighted share (EPS) average number of common shares Price Earnings Market price per share / Earnings per share Ratio (P/E) Payout ratio Cash dividends / Profit Based on the following information, prepare the CVP Income Statement and Calculate the Contribution Margin %. Simple Beauty Company sells environmentally friendly makeup and skin products. They are reviewing the profitability of their major makeup line, "Simply Skin". Information for the year ending March 31, 2021 is as follows: Sales in Units = 500,000 Price per unit = $10 Variable Costs per unit = $4.50 Fixed Costs = $2,000,000 To answer this question practice making the text box larger using the 'X" arrow button and inserting a graph to lay out your CVP income statement. Ensure you show your calculation of the CM (Contribution Margin) %. oph to lay out your cyp income stat Incremental Analysis - Special Order Purdy's Chocolates is considering a special order to sell 1,000 units of their 50gram assorted chocolate box. They have the capacity and the order will not impact their prices in their regular market. The details are as follows: Order selling price - $15 per box Normal selling price - $20 per box Variable costs per box - $12 Fixed costs per box - $4 Selling costs associated with this order $1 per box Should Purdy's accept the order? Show all your work and show the overall impact on net income as part of your answer. Use either the graph method or the incremental calculation method - either method is acceptable. Prepare the Sales Budget for Klondike Ice Cream Company for the Quarter Ending March 31, 2021 in PROPER FORMAT. Estimated Sales in units: January - 10,000 February - 12,000 March - 20,000 Price per unit = $5 y

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