Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help please due in 4 hours(very clear pics) Data table Data table Data table Requirements 1. Perform a trend analysis on Tapping's sales revenue, inventory,

help please due in 4 hours(very clear pics)
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Data table Data table Data table Requirements 1. Perform a trend analysis on Tapping's sales revenue, inventory, and receivables over the past three years, using 2018 as the base. Is the trend in each of these areas favorable or unfavorable for the company? 2. Using the industry averages as benchmarks, analyze Tapping's performance over the past three years in the following areas: a. Liquidity c. Overall debt payment ability b. Turnover d. Profitability 3. Evaluate Tapping's quality of earnings. Are there any red flags in your analysis? Explain. Sevied daxa hoen Tapeney furntare, inc, folown. leak fo ken fovinw arleded balance theidata) (Clok the kosh fin view selected incoms itubered tata) hikety averges hare been gathared for soveral nates CCok trin icom to vhe the tatiest) Pasit tar taintrmets beth ded deta trem Tapging Furrilure, Ire; folom: (cide Fic lom is virw smelaed talance sheof deda.) [CHick twe koen ta view selected kicome skatemert data) houtir ararages have been potwered for several iafios Piad fie inofromenta The bend perentagestor a mob terenge in Giver. Baquisenentz. Giong the indenty aressge [chok the icen Gavirw waledest balance shoet data) (CFick the icen to whir sehethed income teatemert Lala) Industy rovagos have been gitwies for severell awios (coluk bie locen is whin the raios.] Riad the taviderarth ta ba bent in sadi of these aiews lovedile or uctaverstle har the conyang? the bead pientages far sales reverie is bend. Chak fre kin te vhre stlected balence sloet data.) [Click the koon io view saleded lnoeme statement data] atry nverwze zowe tewa gatedes for severad atios. (Weick the konn io vere the raties) trent Sel the kan is vire selwetad balance sheet data) 5 avougs have teen gathered lor sweral ratos the isainmanth gCiok the kum te vhw sidected barance sheet data) (CFik the kon bi vew selweted hopmen at uene t dale) ary arrerages hase teen githered tor weveral rafos [CFid tie kan ta view the ratha) Tapchog Furihare, ine, follews. is hove teen pythered for several yases in ta vhew tia rafmel collek the iom to view telected balance detel defa) (Clok the koen to view seleded incume stadement data) Industry srermest ham besn guthered for several rafies. EA: (Clisk twe icon to vew the rialos) Reaster ierilizmeiti The tood percectage for sales recetwe is wand. Industry averages have been gathered for several ratios. (Cick the ioon to viow the ratios.) Read the regulrements. Is the trend in each of these areas favorable or unfavorable for the company? The trend percentages for sales revenue is trend. in inventory indicates a The trend percentage Requirement 2. Uoing the industry averages as benchmarks, analyze Tapping's performance over the past three years in the following areas: a) Equaidity, b) tamover, c) overall debt payme a. Start by analyzing the liquidity ratios. the current ratio and the quick ratio, Select the foemula and enter the anounts to calculate the curent ratios for the years 2019 through 2021. (Round the ratios to two decinal places, XX ) Next, sel Accounts recelvable turnover b. Analyc Select ti Cash To Invoetory turnaver for the years 2019 through 2021. (Round the ratios to two docinal places, Xx ) Is the trend in each of these ateas favorable or unfavorable for the company? The trend percentages for sales revenue is The trend percentage in inventory indicates a The trend percentage trend. Requirement 2. Using the industry averages as benchmarks, analyze Tapping's performance over the past three years in the following areas: a) liquidity, b) turnover, c) overall di a. Start by analyzing the liquidity ratios: the current ratio and the quick ratio. Select the formula and enter the amounts to calculate the current ratios for the years 2019 through 2021. (Round the ratios to two decimal places, XX ) b. Analy ifventory turnover yys' inventary outstanding, accounts receivable turnover, days' sales outatanding, accounts payablo fumover, days' payables cuth 1e invantory turnaver for the years 2019 through 2021 . (Round the ratios to two decimal places, X,XX ) ed data from Tapping Furniture, Inc, follows. lick the icon to view selected balance sheet data.) iry averages have been gathered for several ratios. Click the icon to view the ratios.) the requirements. trend in each of these areas favorable or unfavorable for the compan trend percentages for sales revenue is The trend perce ad. quirement 2. Using the industry averages as benchmarks, analyze Tapt Start by analyzing the liquidity ratios: the current ratio and the quick ratio. elect the formula and enter the amounts to calculate the current ratios for Stan by inalying tha liq igy paries the currert rate and the quick rato y= y= 1= ?+ 20. 20h 2e 2814 2021 2020 Select the formule and errer the amourts to calcolate sxys' sales cutanding (DSO) for the years 2015 through 2021 . (Usin a 365 - dry year Round the D50 to one decknal place, X ) Select the formula and enter the amounts to calculate days' sales ouhanding (DSO) for the years 2019 theough 2021 . (Use a 365 day year. Round the DSO to one decimat place, X.X ) Seled the formala and enter the amounts to calculate the accounts payable turnover for the years 2019 through 2021 . (Round the ratios to two decireal places, X0 ) 2021 2029 - Cashcevorenncyde = c. Analyze the ability to pay long-tecm debe debt rasio and times-interest-eamed rabso. Select the fornula and enter the amounts to calcalate the debt ratios for the years 2019 through 2021 . (Enter the ratios in decinal form frot as percentages) to two decimal places, X X Select the formula and enter the amourhs to caloulote the times:interesteamed ratos for the years 2019 through 2021 . (Round the ratios to one decinal place, XX ) d. Analyice the prolitatiaty rabos gross maryin pericertage and operating inceme percentage c. Analyze the ability to pay long-tecm debe debt rasio and times-interest-eamed rabso. Select the fornula and enter the amounts to calcalate the debt ratios for the years 2019 through 2021 . (Enter the ratios in decinal form frot as percentages) to two decimal places, X X Select the formula and enter the amourhs to caloulote the times:interesteamed ratos for the years 2019 through 2021 . (Round the ratios to one decinal place, XX ) d. Analyice the prolitaliaty rabos gross maryin pericertage and operating inceme percentage B. Ircraasing long term tatities 1C. Decresved casti fion D. kerenary detareate C. Dadide or invertiones 14. Bacioning gave nargh Derfinire a ararys H. Brprovid a deined tareioge A. Vatilly tur coloct ascosints recelvabls C. Deghased taih form D. buireanurg celt rite If. Duldup of linkintiren Is. Opeiting iccime rerceilaget ar diciening 1. Derloing asinge Ovwrill, Tapping' performance ever the past three years looks and compee tavoratly to the induatry averages Mast at the ratios showed Tapping's periormance over the pest tree years are due to, (Solect all that apply) A. Inatiliy to colect accourts recelivable B. Insreaning kengterm latileies C. Deoesestash for D. Increasing debt rate L. Buldup of invertorien f. Operating ncome pertentaget we decreasing C. improves nscourta recelvable bannover 14. Deciewing grow margh 1. Deching earnings d. Ferment of accounts payabie be gering taster K. Increned internt corenege Aypaktise ev Gaiery it as ango in weing'u performance over the paun three years are doe to: (Seled wit that apply) A. Wabihy to colect accounts recelivatle B. horating lang tarm Lublites C. Dereased cash how D. Incuaning debt iato E. B.lap of mreensies 1. Operating neome percentages we deosasing c. heroned accounts rechivable lunower. H. Deseashing gros maigh ic Decleing sarings 3. Phymant ol accoseta payatien in geiting farter K. Bryrared rimant eiver age Th 2021. Cheond the rathes to me-terits percenk, x16 ) Oualty of caining is rall, Tapping's performance over the past three years looks and compare fworably to the industy averages Mest all the ratios shosed over the throe years Sping's pertormance over the past three years are due to: (Select all that arply) A. Inabilly ts collect accoarts recelvable B. thoreasing long-tem labalios C., Decressed cashi flow D. thcreasing dett ratio E. Euldup of invertories 5. Operative income percentages are deoreasing G. Inproved accourts receivatie tumover 11. Decieasing gross maigin 1. Declining eeeningo 2. Payment of accousts pwyatie is geting tasier K. Ingroved intaras sprarage Data table Data table Data table Requirements 1. Perform a trend analysis on Tapping's sales revenue, inventory, and receivables over the past three years, using 2018 as the base. Is the trend in each of these areas favorable or unfavorable for the company? 2. Using the industry averages as benchmarks, analyze Tapping's performance over the past three years in the following areas: a. Liquidity c. Overall debt payment ability b. Turnover d. Profitability 3. Evaluate Tapping's quality of earnings. Are there any red flags in your analysis? Explain. Sevied daxa hoen Tapeney furntare, inc, folown. leak fo ken fovinw arleded balance theidata) (Clok the kosh fin view selected incoms itubered tata) hikety averges hare been gathared for soveral nates CCok trin icom to vhe the tatiest) Pasit tar taintrmets beth ded deta trem Tapging Furrilure, Ire; folom: (cide Fic lom is virw smelaed talance sheof deda.) [CHick twe koen ta view selected kicome skatemert data) houtir ararages have been potwered for several iafios Piad fie inofromenta The bend perentagestor a mob terenge in Giver. Baquisenentz. Giong the indenty aressge [chok the icen Gavirw waledest balance shoet data) (CFick the icen to whir sehethed income teatemert Lala) Industy rovagos have been gitwies for severell awios (coluk bie locen is whin the raios.] Riad the taviderarth ta ba bent in sadi of these aiews lovedile or uctaverstle har the conyang? the bead pientages far sales reverie is bend. Chak fre kin te vhre stlected balence sloet data.) [Click the koon io view saleded lnoeme statement data] atry nverwze zowe tewa gatedes for severad atios. (Weick the konn io vere the raties) trent Sel the kan is vire selwetad balance sheet data) 5 avougs have teen gathered lor sweral ratos the isainmanth gCiok the kum te vhw sidected barance sheet data) (CFik the kon bi vew selweted hopmen at uene t dale) ary arrerages hase teen githered tor weveral rafos [CFid tie kan ta view the ratha) Tapchog Furihare, ine, follews. is hove teen pythered for several yases in ta vhew tia rafmel collek the iom to view telected balance detel defa) (Clok the koen to view seleded incume stadement data) Industry srermest ham besn guthered for several rafies. EA: (Clisk twe icon to vew the rialos) Reaster ierilizmeiti The tood percectage for sales recetwe is wand. Industry averages have been gathered for several ratios. (Cick the ioon to viow the ratios.) Read the regulrements. Is the trend in each of these areas favorable or unfavorable for the company? The trend percentages for sales revenue is trend. in inventory indicates a The trend percentage Requirement 2. Uoing the industry averages as benchmarks, analyze Tapping's performance over the past three years in the following areas: a) Equaidity, b) tamover, c) overall debt payme a. Start by analyzing the liquidity ratios. the current ratio and the quick ratio, Select the foemula and enter the anounts to calculate the curent ratios for the years 2019 through 2021. (Round the ratios to two decinal places, XX ) Next, sel Accounts recelvable turnover b. Analyc Select ti Cash To Invoetory turnaver for the years 2019 through 2021. (Round the ratios to two docinal places, Xx ) Is the trend in each of these ateas favorable or unfavorable for the company? The trend percentages for sales revenue is The trend percentage in inventory indicates a The trend percentage trend. Requirement 2. Using the industry averages as benchmarks, analyze Tapping's performance over the past three years in the following areas: a) liquidity, b) turnover, c) overall di a. Start by analyzing the liquidity ratios: the current ratio and the quick ratio. Select the formula and enter the amounts to calculate the current ratios for the years 2019 through 2021. (Round the ratios to two decimal places, XX ) b. Analy ifventory turnover yys' inventary outstanding, accounts receivable turnover, days' sales outatanding, accounts payablo fumover, days' payables cuth 1e invantory turnaver for the years 2019 through 2021 . (Round the ratios to two decimal places, X,XX ) ed data from Tapping Furniture, Inc, follows. lick the icon to view selected balance sheet data.) iry averages have been gathered for several ratios. Click the icon to view the ratios.) the requirements. trend in each of these areas favorable or unfavorable for the compan trend percentages for sales revenue is The trend perce ad. quirement 2. Using the industry averages as benchmarks, analyze Tapt Start by analyzing the liquidity ratios: the current ratio and the quick ratio. elect the formula and enter the amounts to calculate the current ratios for Stan by inalying tha liq igy paries the currert rate and the quick rato y= y= 1= ?+ 20. 20h 2e 2814 2021 2020 Select the formule and errer the amourts to calcolate sxys' sales cutanding (DSO) for the years 2015 through 2021 . (Usin a 365 - dry year Round the D50 to one decknal place, X ) Select the formula and enter the amounts to calculate days' sales ouhanding (DSO) for the years 2019 theough 2021 . (Use a 365 day year. Round the DSO to one decimat place, X.X ) Seled the formala and enter the amounts to calculate the accounts payable turnover for the years 2019 through 2021 . (Round the ratios to two decireal places, X0 ) 2021 2029 - Cashcevorenncyde = c. Analyze the ability to pay long-tecm debe debt rasio and times-interest-eamed rabso. Select the fornula and enter the amounts to calcalate the debt ratios for the years 2019 through 2021 . (Enter the ratios in decinal form frot as percentages) to two decimal places, X X Select the formula and enter the amourhs to caloulote the times:interesteamed ratos for the years 2019 through 2021 . (Round the ratios to one decinal place, XX ) d. Analyice the prolitatiaty rabos gross maryin pericertage and operating inceme percentage c. Analyze the ability to pay long-tecm debe debt rasio and times-interest-eamed rabso. Select the fornula and enter the amounts to calcalate the debt ratios for the years 2019 through 2021 . (Enter the ratios in decinal form frot as percentages) to two decimal places, X X Select the formula and enter the amourhs to caloulote the times:interesteamed ratos for the years 2019 through 2021 . (Round the ratios to one decinal place, XX ) d. Analyice the prolitaliaty rabos gross maryin pericertage and operating inceme percentage B. Ircraasing long term tatities 1C. Decresved casti fion D. kerenary detareate C. Dadide or invertiones 14. Bacioning gave nargh Derfinire a ararys H. Brprovid a deined tareioge A. Vatilly tur coloct ascosints recelvabls C. Deghased taih form D. buireanurg celt rite If. Duldup of linkintiren Is. Opeiting iccime rerceilaget ar diciening 1. Derloing asinge Ovwrill, Tapping' performance ever the past three years looks and compee tavoratly to the induatry averages Mast at the ratios showed Tapping's periormance over the pest tree years are due to, (Solect all that apply) A. Inatiliy to colect accourts recelivable B. Insreaning kengterm latileies C. Deoesestash for D. Increasing debt rate L. Buldup of invertorien f. Operating ncome pertentaget we decreasing C. improves nscourta recelvable bannover 14. Deciewing grow margh 1. Deching earnings d. Ferment of accounts payabie be gering taster K. Increned internt corenege Aypaktise ev Gaiery it as ango in weing'u performance over the paun three years are doe to: (Seled wit that apply) A. Wabihy to colect accounts recelivatle B. horating lang tarm Lublites C. Dereased cash how D. Incuaning debt iato E. B.lap of mreensies 1. Operating neome percentages we deosasing c. heroned accounts rechivable lunower. H. Deseashing gros maigh ic Decleing sarings 3. Phymant ol accoseta payatien in geiting farter K. Bryrared rimant eiver age Th 2021. Cheond the rathes to me-terits percenk, x16 ) Oualty of caining is rall, Tapping's performance over the past three years looks and compare fworably to the industy averages Mest all the ratios shosed over the throe years Sping's pertormance over the past three years are due to: (Select all that arply) A. Inabilly ts collect accoarts recelvable B. thoreasing long-tem labalios C., Decressed cashi flow D. thcreasing dett ratio E. Euldup of invertories 5. Operative income percentages are deoreasing G. Inproved accourts receivatie tumover 11. Decieasing gross maigin 1. Declining eeeningo 2. Payment of accousts pwyatie is geting tasier K. Ingroved intaras sprarage

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

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Finance questions