Answered step by step
Verified Expert Solution
Question
1 Approved Answer
USE THE FOLLOWING DATA FOR THE NEXT TWO QUESTIONS 8. Your entry on a 2022 common size balance sheet for Accounts payable would be what?
USE THE FOLLOWING DATA FOR THE NEXT TWO QUESTIONS 8. Your entry on a 2022 common size balance sheet for Accounts payable would be what? 9. Your entry on a 2022 common base-year balance sheet for Inventory would be what? The common base year is 2021.
Here is the formula sheet:
Exam 2 Formula Sheet TotalDebttoTotalCapitalizationRatio=STD+LTD+TESTD+LTD TimesInterestEarned=InterestExpenseEBIT CashCoverageRatio=InterestExpenseEBIT+DepreciationInventoryTurnover=CostofGoodsSold Days' Sales in Inventory = Receivables Turnover = Inventory365days=AccrensInventoryTurnover365days=INV Sales Accounts Receivables DaysSalesinReceivables=DSOorSR365days=ReceivablesTurnoverAR=AnnualCreditSales/365 FixedAssetTurnover=NetFixedAssetsSales TotalAssetTurnover(TAT)=TotalAssetsSales GrossProfitMargin(GPM)=SalesGrossprofitNetProfitMargin(NPM)=SalesNetIncomeReturnonAssets(ROA)=TotalAssetsNetIncomeReturnonEquity(ROE)=TotalEquityNetIncome Price-EarningsRatio(P/E)=EarningsPerShareMarketPriceperShare Market-BookRatio(P/B)=BookvalueperShareMarketPriceperShare Full capacity sales = Sales Percent of capacity used to generate sales level ROE=ROAEMROE=NPMTATEM USE THE FOLLOWING DATA FOR THE NEXT TWO OUESTIONS 8. Your entry on a 2022 common size balance sheet for Accounts payable would be what? (1pt) 9. Your entry on a 2022 common base-year balance sheet for Inventory would be what? The common base year is 2021. (1pt)
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