Justice Corporation reported these figures: mm Click the loon to view the balance sheet) Click the icon to view the income taiment) Justice Corporation has 3,125,000 shares of common stock outstanding, to stock has traded by $3120 per share you would be to gain a better understanding of Justice Corpo r anea .. Inventory turnover ment Round your answer to the decima ) Enter the formula on the first line, then calculate the inventory Murnover on the next line interamente in thousands as provided to you in the problem Inventory turnover and then CORONA Choose from any sorterary number in the mouth 17 pertaining MacBook Air 10 ve une bance sheet) (Click the icon to view the ration has 3,125,000 shares of common stock outstanding. Its sto irement ng of Justice Corporation's francia position. Assume we are ondt umover Tule on the first line, then calculate the inventory turnover on the und your answer to one decimal place) Justice Corporation Balance Sheets December 31, 2017 and 2016 (amounts in thousands) 2017 Assets Current assets Cash 5.700 $ Accounts receivables 2,100 Inventory 1,000 3.950 Other current assets Total current assets 12.750 $ 23.500 Other assets $ $250 $ Total assets 2,700 1860 2640 8,000 20 000 28.000 15.000 S Liabilities Total current abilities Long term es Total labios 12.500 5,500 $ 21.250 1.000 Print Done rom any list or enter any number in the input fields and then click pe of Justice Corporation's financial position. Asume all e (Click the icon to view the balance sheet.) m (Click the icon to view the Justice Corporation has 3,125,000 shares of common stock outstanding. Its sto Read the requirement a. Inventory tumover Enter the formula on the first line, then calculate the inventory burnover on the ) $ und your worden 5.700 $ 2.100 Assets Current : Cash Accounts receivables Inventory Other current assets Tot current assets 2,700 1160 800 2.840 1.000 $ 12.750 $ 23.500 8.000 20,000 Other assets $ 36250 $ 28,000 Tolaassets $ 15,000 S 12.500 5900 Liabilities Total current l es Long-term ab Total $ 21,250 $ 18.000 Stockholders' equily 15.000 Totalcommon stockholders guilty 36.250 $ 20.000 Totalbies and Click Print Done Choose from any list or enter any number in the input fields and then click parts C yderstanding of Justice fr o m Lichelon to view the balance sheet) Click the icon to view the income statement.) Justice Corporation has 3,125.000 shares of common stock outstanding its stock hasta Read the requirement 0 Income statement a. Inventory tumover Enter the formula on the first line, then calculate the Inventory turnover on the next ne E Justice Corporation Income Statement For the Year Ended December 31, 2017 famounts in thousands) tement. Round your ne dem ) Sales revenue Less: Cost of goods sold Operating income Print Done Choose from any list or enter any number in the input fields and then click Check Answer Check 17 Parts 1 remaining 1. Click the icon to view the balance sheet) Click the icon to view the income statement.) Justice Corporation has 3,125,000 shares of common stock outstanding. Its stock has traded recently Read the requirement $31.20 per share. You would like to gain a better understanding of Justice Compris franc potion for Inventory tumover Round your own decina place) Enter the formule on the first line, then calculate the inventory tumover on the next 0 Requirement Inventory Calculate the following ratios for 2017 and interpret the results Inventory tumover b. Days' sales in receivables c. Acid-test ratio d. Times interest eamed e. Gross profit percentage t. Operating income perelage Return on stockholders' equity h. Earnings per share L Pricwearings ratio Done her in the input fields and then click Check
