Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What are the firms days sales inventory for 2018 and 2019? Income Statements ($ in millions) Balance Sheets ($ in millions) Sales Revenue Less: Cost

What are the firms days sales inventory for 2018 and 2019?

image text in transcribed

Income Statements ($ in millions) Balance Sheets ($ in millions) Sales Revenue Less: Cost of goods sold Less: Operating Expenses Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Less: Taxes (40%) Net income Dividends (45%) Additions to Retained Eamings 2018 $2,580 $1,060 $105 $85 $1,330 $350 $980 $392 $588 $265 $323 2019 $2,865 $1,500 $162 $80 $1,123 $380 $743 $297 $446 $201 $245 Assets Cash Short-Term investments Accounts rec. Inventory Total Current Assets Net fixed assets Total assets Liabilities and Owner's Equity Accounts payable Accruals Notes payable Total Current Liabilities Long-term debt Total Liabilities Common stock Retained earnings Total E ui Total liab.& equity 2018 $70 $35 400 490 $995 1890 $2,835 2018 $240 $20 65 $325 884 $1 ,209 1341 335 1676 $2,885 2019 $50 $9 556 $1,075 1,910 2,985 2019 $210 $20 74 $304 1090 $1,394 1011 $580 $1,591 $2,985

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions