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home / study / business / accounting / accounting questions and answers / 1. windham corporation has current assets of $500,000 and current liabilities of $625,000. ...
Question: 1. Windham Corporation has current assets of $500,000 and current liabilities of $625,000. Windha...
1. Windham Corporation has current assets of $500,000 and current liabilities of $625,000. Windham Corporation's current ratio would be increased by:
2. During the year just ended, the retailer James Corporation purchased $433,000 of inventory. The inventory balance at the beginning of the year was $184,000. If the cost of goods sold for the year was $457,000, then the inventory turnover for the year was:
3. Deflorio Corporations inventory at the end of Year 2 was $167,000 and its inventory at the end of Year 1 was $152,000. The companys total assets at the end of Year 2 were $1,471,000 and its total assets at the end of Year 1 were $1,420,000. Sales amounted to $1,450,000 in Year 2. The companys total asset turnover for Year 2 is closest to:
4. Mayfield Corporation has provided the following financial data:
5. Freiman Corporation's most recent balance sheet and income statement appear below:
6.
Deacon Corporation has provided the following financial data from its balance sheet and income statement:
Year 2 | Year 1 | |||||
Total assets | $ | 1,226,000 | $ | 1,190,000 | ||
Total liabilities | $ | 479,000 | $ | 476,000 | ||
Total stockholders' equity | $ | 747,000 | $ | 714,000 | ||
Net operating income (income before interest and taxes) | $ | 69,127 | ||||
Interest expense | $ | 27,000 | ||||
The companys times interest earned ratio for Year 2 is closest to:
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