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Inventory Analysis A company reports the following: Cost of goods sold $505,890 Average inventory 91,980 Determine (a) the inventory turnover and (b) the number of
Inventory Analysis A company reports the following: Cost of goods sold $505,890 Average inventory 91,980 Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year. a. Inventory turnover b. Number of days' sales in inventory days Common Stockholders' Profitability Analysis A company reports the following: Net Income $160,000 Preferred dividends 6,400 Average stockholders' equity 1,379,310 Average common stockholders' equity 795,855 Determine (a) the return on stockholders' equity and (b) the return on common stockholders' equity. If required, round your answers to one decimal place a. Return on Stockholders' Equity % b. Return on Common Stockholders' Equity % Current Position Analysis The following items are reported on a company's balance sheet: Cash $238,700 Marketable securities 186,500 Accounts receivable (net) 171,600 Inventory 149,200 Accounts payable 373,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio Show Me How Accounts Receivable Analysis A company reports the following: Sales $421,940 Average accounts receivable (net) 24,820 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover b. Number of days' sales in receivables days Asset turnover A company reports the following: Sales $741,000 Average total assets (excluding long-term investments) 494,000 Determine the asset turnover ratio. If required, round your answer to one decimal place
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