Question
Required Calculate the following ratios for 2015 and 2014. When data limitations prohibit computing averages, use year-end balances in your calculations. A. Receivables turnover (beginning
Required |
Calculate the following ratios for 2015 and 2014. When data limitations prohibit computing averages, use year-end balances in your calculations. A. Receivables turnover (beginning receivables at January 1, 2014 were $43,000) (Round your answers to 2 decimal places.) B. Average days to collect accounts receivable. ( Round intermediate calculations to 2 decimal places and final answers to the nearest whole number.) C. Inventory Turnover (beginning inventory at January 1, 2014, was $149,000) ( Round your answers to 2 decimal places.) D. Number of days to sell inventory. ( Round intermediate calculations to 2 decimal places and final answers to the nearest whole number.) E. Debt to assets ratio. ( Round your answers to 2 decimal places. (i.e., 2345 should be entered as 23.45.)) F. Debt to equity ratio. (Round your answers to 2 decimal places.) G. Number of times interest was earned. (Round your answers to 2 decimal places.) H. Plant assets to long-term debt. I. Net margin. (Round your answers to 2 decimal places. (i.e., 2345 should be entered as 23.45.))
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started