Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i. Calculate the current ratio for the two balance sheets presented ii. Calculate return on Assets for 2021 and 2020 iii. Calculate return on Equity

image text in transcribedimage text in transcribed

i. Calculate the current ratio for the two balance sheets presented ii. Calculate return on Assets for 2021 and 2020 iii. Calculate return on Equity for 2021 and 2020 iv. Calculate the Accounts Receivable turnover for 2021 and 2020 v. Calculate the days in A/R for 2021 and 2020 vi. Calculate the Inventory turnover for 2021 and 2020

vii. Calculate the days in Inventory for 2021 and 2020

ASSETS Current assets: Cash and cash equivalents Receivables, net Inventories Prepaid expenses and other Total current assets Property, plant and equipment, net Goodwill Acquired intangibles, net Deferred taxes Other assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable and accrued liabilities Current portion of deferred revenue Total current liabilities Long-term liabilities: Long-term portion of deferred revenue Long-term debt Other long-term liabilities Total long-term liabilities Commitments and contingencies (Notes 8, 12 and 18) Stockholders' equity: Preferred stock - \$0.01 par value; authorized 400 shares, none issued or outstanding Common stock - $0.01 par value; authorized 600,000 shares; issued and outstanding shares: 276,796 and 278,941, respectively Retained earnings Accumulated other comprehensive loss Total stockholders' equity Total liabilities and stockholders' equity Revenue: Product and maintenance Services Total revenue Costs and expenses: Cost of product and maintenance Cost of services Marketing and sales Research and development General and administrative Amortization of acquired intangibles Restructuring Total costs and expenses Income from operations Interest expense Other income, net Income before provision (benefit) for income taxes Provision (benefit) for income taxes Net income Net income per share - basic Net income per share - diluted Weighted average common shares outstanding - basic Weighted average common shares outstanding - diluted

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_2

Step: 3

blur-text-image_3

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

Contemporary Auditing Real Issues And Cases

Authors: Michael C. Knapp, Loreen Knapp

4th Edition

0324048610, 9780324048612

More Books

Students also viewed these Accounting questions

Question

What is the central issue of the situation facing the organization?

Answered: 1 week ago