The questions are listed below.

A company reports the following beginning Inventory and two purchases for the month of January. On January 26, the company sells 370 units. Ending inventory at January 31 totals 150 units. Units Unit Cost Beginning inventory on January 1 330 $ 3.20 Purchase on January 9 3.40 Purchase on January 25 110 3.50 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO. Perpetual LIFO: Goods purchased Cost of Goods Sold Inventory Balance # of Cost per # of Date units unit units Cost per Cost of Goods sold unit Sold # of units Cost per Inventory unit Balance January 1 January 9 S January 25 January 26 Totals A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 320 units. Ending inventory at January 31 totals 140 units. Units Unit Cost Beginning inventory on January 1 290 $ 2.70 Purchase on January 9 70 2.90 Purchase on January 25 100 3.04 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round your per unit costs to 2 decimal places.) Weighted Average - Perpetual: Goods purchased Cost of Goods Sold Inventory Balance # of Date # of Cost per units unit units Cost per Cost of Goods Inventory unit unit sold Sold # of units Cost per Balance January 1 290 @ $ 2.70 = $ 783.00 January 9 Average cost $ 0.00 January 25 Average cost January 26 Totals1. Calculate the current ratio for each of the following companies. (Round your answers to 2 decimal places.) Current Current Current Assets Liabilities Ratio Edison $ 77,000 $ 37,198 MAXT 102,410 89,626 Chatter 43,428 57,479 TRU 83,391 96,608 Gleeson 59,213 118,204 2. Identify the company with the strongest liquidity position. (These companies are competitors in the same industry.) O Edison O MAXT O Chatter O TRU O Gleeson Company Expenses Total Assets Net Income Total Liabilities Dreamworks $ 44, 000 $ 95, 000 $41, 000 $ 85,500 Pixar 100, 000 161, 000 60, 000 149, 200 Universal 23,000 90, 000 7, 200 35, 840 a. Compute the debt ratio for each of the three companies. (Round your answers to 2 decimal places.) Company Debt Ratio b. Which company has the largest financial leverage? Dreamworks Pixar Largest financial leverage Universal Use the following information to compute profit margin for each separate company a through e. (Round your answers to 1 decimal place.) Company Net Income Net Sales Profit Margin (%) Which of the five companies is the most profitable according to the profit margin ratio? a $ 6,154 $ 52,600 b 101,586 468,140 O Company a C. 107,036 299,820 Company b d. 71,799 1,709,500 O Company c 85,717 510,220 O Company d O Company eThe following is information for Palmer Co. Year 3 Year 2 Year 1 Cost of goods sold $ 608, 825 $ 391, 650 $ 356, 306 Ending inventory 99,900 90, 250 090 '56 Use the above information to compute inventory turnover for Year 3 and Year 2, and its days' sales in inventory at December 31, Year 3 and Year 2 (a) Use the above information to compute inventory turnover for Year 2, and its days' sales in inventory at December 31, Year 2 Numerator | Denominator Ratio Inventory turnover 0 Days' sales in inventory 0 (b) Use the above information to compute inventory turnover for Year 3, and its days' sales in inventory at December 31, Year 3. Numerator / Denominator Ratio Inventory turnover Days' sales in inventory 0 The following companies are competitors in the same industry and have many of the same suppliers. Accounts Payable Cost of Goods Sold Vizio $3, 551 $36, 090 Panasonic 4,822 44, 000 TCL 3, 375 28,000 (a) Calculate days' payable outstanding for each of the following companies. (b) Assuming each company has positive relations with its suppliers, which company has negotiated the best credit terms? Days' payable outstanding Vizio Panasonic TCL Assuming each company has positive relations with its suppliers, which company has negotiated the best credit terms