Question
Excerpts from TPX Company's December 31, 2015 and 2014, financial statements are presented below: 2015 2014 Accounts receivable $89,000 $65,000 Inventory 87,000 75,000 Net sales
Excerpts from TPX Company's December 31, 2015 and 2014, financial statements are presented below:
2015 | 2014 | |
Accounts receivable | $89,000 | $65,000 |
Inventory | 87,000 | 75,000 |
Net sales | 480,000 | 379,000 |
Cost of goods sold | 263,000 | 220,000 |
Total assets | 845,000 | 785,000 |
Total stockholders' equity | 505,000 | 430,000 |
Net income | 77,000 | 53,000 |
Assuming all the sales are credit sales, what is TPX Company's 2015 receivables turnover? (Round your answer to 1 decimal place)
Excerpts from TPX Company's December 31, 2015 and 2014, financial statements are presented below:
2015 | 2014 | |
Accounts receivable | $84,000 | $74,000 |
Inventory | 88,000 | 74,000 |
Net sales | 410,000 | 381,000 |
Cost of goods sold | 261,000 | 226,000 |
Total assets | 810,000 | 775,000 |
Total stockholders' equity | 470,000 | 440,000 |
Net income | 76,000 | 56,000 |
TPX Company's 2015 inventory turnover is (Round your answer to 1 decimal place):
Excerpts from TPX Company's December 31, 2015 and 2014, financial statements are presented below:
2015 | 2014 | |
Accounts receivable | $89,000 | $80,000 |
Inventory | 91,000 | 76,000 |
Net sales | 480,000 | 381,000 |
Cost of goods sold | 255,000 | 220,000 |
Total assets | 840,000 | 770,000 |
Total stockholders' equity | 520,000 | 415,000 |
Net income | 71,000 | 51,000 |
TPX Company's 2015 debt to equity ratio is (Round your answer to 1 decimal place):
Excerpts from TPX Company's December 31, 2015 and 2014, financial statements are presented below:
2015 | 2014 | |
Accounts receivable | $87,000 | $75,000 |
Inventory | 90,000 | 81,000 |
Net sales | 470,000 | 385,000 |
Cost of goods sold | 258,000 | 223,000 |
Total assets | 845,000 | 780,000 |
Total stockholders' equity | 480,000 | 445,000 |
Net income | 73,000 | 52,000 |
TPX Company's 2015 gross profit ratio is (Round your answer to 1 decimal place):
Excerpts from TPX Company's December 31, 2015 and 2014, financial statements are presented below:
2015 | 2014 | |
Accounts receivable | $88,000 | $74,000 |
Inventory | 88,000 | 77,000 |
Net sales | 460,000 | 382,000 |
Cost of goods sold | 257,000 | 221,000 |
Total assets | 845,000 | 750,000 |
Total stockholders' equity | 510,000 | 445,000 |
Net income | 79,000 | 58,000 |
TPX Company's 2015 return on assets is (Round your answer to 1 decimal place):
Excerpts from TPX Company's December 31, 2015 and 2014, financial statements are presented below:
2015 | 2014 | |
Accounts receivable | $82,000 | $82,000 |
Inventory | 93,000 | 77,000 |
Net sales | 430,000 | 377,000 |
Cost of goods sold | 260,000 | 225,000 |
Total assets | 815,000 | 770,000 |
Total stockholders' equity | 505,000 | 440,000 |
Net income | 75,000 | 53,000 |
TPX Company's 2015 profit margin is (Round your answer to 1 decimal place):
Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below.
Current liabilities | $186 | Income before interest and taxes | $135 |
10% Bonds, long-term | 365 | Interest expense | 48 |
Total liabilities | 551 | Income before tax | 87 |
Shareholders' equity | Income tax | 32 | |
Capital stock | 212 | Net income | $ 55 |
Retained earnings | 283 | ||
Total shareholders' equity | 495 | ||
Total liabilities and equity | $1,046 |
HHF's times interest earned ratio is (Round your answer to 2 decimal places):
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