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2021 2022 2023 Year Forsen Computing Net Credit Sales $1,557,200 1,855,310 2,165,170 Ending Accounts Receivable $398,000 414,400 500,780 1. Compute the accounts receivable turnover ratios and the number of days' sales in receivables ratios for 2022 and 2023 (round answers to two decimal places) What do the outcomes tell a potential investor about Vortex Computing if industry average for accounts receivable turnover ratio is 4 times and days' sales in receivables ratio is 85 days? 94% See 2 Edito

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Sales (in millions) TVs 5 4 3 2 1 0 Computers Phones 2017 2.8 1.2 4.5 PREVIOUS 2018 2.5 1.1 4.8 -TVs - In which year were total sales the worst across all products? Please select a single option below 2019 3.3 0.9 5.5 Axis Title Computers - Phones 9 of 12 2020 3.8 1.5 5.1 2021 3.4 1.7 5.7 NEXT

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Solvency and Profitability Trend Analysis (Picture is attached and this is the only one I got wrong, what did I do wrong?) Addai Company has provided the following comparative information:       20Y8     20Y7     20Y6     20Y5     20Y4 Net income $273,406   $367,976   $631,176   $884,000   $800,000   Interest expense 616,047   572,003   528,165   495,000   440,000   Income tax expense 31,749   53,560   106,720   160,000   200,000   Total assets (ending balance) 4,417,178   4,124,350   3,732,443   3,338,500   2,750,000   Total stockholders’ equity (ending balance) 3,706,557   3,433,152   3,065,176   2,434,000   1,550,000   Average total assets 4,270,764   3,928,396   3,535,472   3,044,250   2,475,000   Average total stockholders' equity 3,569,855   3,249,164   2,749,588   1,992,000   1,150,000   You have been asked to evaluate the historical performance of the company over the last five years. Selected industry ratios have remained relatively steady at the following…

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Solvency and Profitability Trend Analysis (Part A is the only one I got incorrect, let me know what the correct answers are) Addai Company has provided the following comparative information:       20Y8     20Y7     20Y6     20Y5     20Y4 Net income $273,406   $367,976   $631,176   $884,000   $800,000   Interest expense 616,047   572,003   528,165   495,000   440,000   Income tax expense 31,749   53,560   106,720   160,000   200,000   Total assets (ending balance) 4,417,178   4,124,350   3,732,443   3,338,500   2,750,000   Total stockholders’ equity (ending balance) 3,706,557   3,433,152   3,065,176   2,434,000   1,550,000   Average total assets 4,270,764   3,928,396   3,535,472   3,044,250   2,475,000   Average total stockholders' equity 3,569,855   3,249,164   2,749,588   1,992,000   1,150,000   You have been asked to evaluate the historical performance of the company over the last five years. Selected industry ratios have remained relatively steady at the…

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Calculate the profit margin (net income or net profit/total sales)for Rock Castle construction for this fiscal year. What’s the percentage

Question Content Area Accounts Receivable Analysis Xavier Stores Company and Lestrade Stores Inc. are large retail department stores. Both companies offer credit to their customers through their own credit card operations. Information from the financial statements for both companies for two recent years is as follows (in millions):   Xavier Lestrade Sales $8,500,000   $4,585,000   Credit card receivables-beginning 820,000   600,000   Credit card receviables-ending 880,000   710,000   a.  Determine the (1) accounts receivable turnover and (2) the number of days' sales in receivables for both companies. Round your calculations and answers to one decimal place. Assume 365 days a year.   Xavier Lestrade 1.  Accounts receivable turnover fill in the blank 1   fill in the blank 2   2.  Number of days' sales in receivables fill in the blank 3 days fill in the blank 4 days b. Fill in the blank:  Xavier's accounts receivable turnover is much 1)_____ than Lestrade's. The…

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Please answer A,B,C   Required information Problem 14-15 (Algo) Comprehensive Ratio Analysis [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] Skip to question   [The following information applies to the questions displayed below.]   You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis of the company’s financial statements, including comparing Lydex’s performance to its major competitors. The company’s financial statements for the last two years are as follows:   Lydex CompanyComparative Balance Sheet   This Year Last Year Assets     Current assets:     Cash $ 860,000 $ 1,100,000 Marketable securities 0 300,000 Accounts receivable, net 2,300,000 1,400,000 Inventory 3,500,000 2,000,000 Prepaid expenses 240,000 180,000 Total current assets 6,900,000 4,980,000 Plant and equipment, net 9,320,000 8,950,000 Total assets $ 16,220,000 $ 13,930,000 Liabilities and…

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Segment analysis for a service company Charles Schwab Corporation (SCHW) is one of the more innovative brokerage and financial service companies in the United States. The company recently provided information about its major business segments as follows (in millions):   InvestorServices AdvisorServices Revenues $5,411   $2,067   Operating income 2,031   962   Depreciation 180   54     a.  The   segment serves the retail customer, you and me. These are the brokerage, Internet, and mutual fund services used by individual Investors. The   segment includes the same services provided for financial institutions, such as banks, mutual fund managers, insurance companies, and pension plan administrators. b.  Indicate whether the following costs are a “Variable Cost” or a “Fixed Cost” in the “Investor Services” segment. 1. Commissions to brokers  2. Fees paid to exchanges for executing trades  3. Depreciation on brokerage offices  4. Transaction fees incurred by Schwab mutual funds…

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Particulars  Procter & Gamble Colgate-Palmolive Net Sales 2018 66832 15544 Accounts Receivables 2018 4686 1400 Accounts Receivables 2017 4594 1480 Average Receivables  (4686+4594)/2 = 4640  (1400+1480)/2 = 1440 Accounts Receivables Turnover Ratio = Net Credit Sales ÷ Average Receivables  66832/4640 = 14.40 15544/1440 = 10.79 DSO = Accounts Receivables ÷ Net Credit Sales × 365 14.40/66832 = 25.34 10.79/15544 = 33.81   A) Identify and discuss a potential explanation for the difference between these competitors’ Accounts receivable ratios