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Please help on 9 & 10 Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net
Please help on 9 & 10
Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Corporation Stores, Inc Income Statement Data for Year $66.900 $417,000 44,000 308,000 14.400 79,000 750 1,800 (95) (400) 1,500 6,600 56.155 $ 21,200 Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Balance Sheet Data (End of Year) $17.000 $45,000 26,800 120.000 $43.800 $165,000 $10.000 $56,000 17.300 44.000 16,500 65,000 $43,800 $165,000 Total assets Total stockholders' equity Current liabilities Total liabilities Beginning-of-Year Balances $43,000 $165,000 13,400 64,000 10.000 56,000 29,600 101.000 Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends Other Data $7.500 $3,900 7,200 32.800 5,500 25,900 1,800 12,400 450 4.400 For each company.compute the following ratios. (Round current ratio answers to 2 decimal places, eg. 15.50, debt to assets ratio and fre cash flow answers to decimal places, eg 5,275 and all answers to 1 decimal place, eg. 1.8 or 1.83%) Target Wal-Mart Ratio Current ratio 1.70 8 :1 (2) Accounts receivable turnover 8.92 times 106.92 times (3) 40.92 days 3.41 days (4) 6.11 times 9.39 times Average collection period Inventory turnover Days in inventory Profit margin (5) 59.73 days 38.87 days (6) 9.2 96 5.08 98 (7) Asset turnover 1.56 times 2.53 times Return on assets 14.31 96 12.85 96 8 19) Return on common 45.93 33.13 92 stockholders' equity Debt to assets ratio 56 5 (10) 68.84 61.21 96 Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Corporation Stores, Inc Income Statement Data for Year $66.900 $417,000 44,000 308,000 14.400 79,000 750 1,800 (95) (400) 1,500 6,600 56.155 $ 21,200 Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Balance Sheet Data (End of Year) $17.000 $45,000 26,800 120.000 $43.800 $165,000 $10.000 $56,000 17.300 44.000 16,500 65,000 $43,800 $165,000 Total assets Total stockholders' equity Current liabilities Total liabilities Beginning-of-Year Balances $43,000 $165,000 13,400 64,000 10.000 56,000 29,600 101.000 Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends Other Data $7.500 $3,900 7,200 32.800 5,500 25,900 1,800 12,400 450 4.400 For each company.compute the following ratios. (Round current ratio answers to 2 decimal places, eg. 15.50, debt to assets ratio and fre cash flow answers to decimal places, eg 5,275 and all answers to 1 decimal place, eg. 1.8 or 1.83%) Target Wal-Mart Ratio Current ratio 1.70 8 :1 (2) Accounts receivable turnover 8.92 times 106.92 times (3) 40.92 days 3.41 days (4) 6.11 times 9.39 times Average collection period Inventory turnover Days in inventory Profit margin (5) 59.73 days 38.87 days (6) 9.2 96 5.08 98 (7) Asset turnover 1.56 times 2.53 times Return on assets 14.31 96 12.85 96 8 19) Return on common 45.93 33.13 92 stockholders' equity Debt to assets ratio 56 5 (10) 68.84 61.21 96Step by Step Solution
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