00 8 The following information is provided in the 2024 annual report to shareholders of The BizStore: Required: Compute the missing amount in the BizStore financial statement information. Note: Round your intermediate calculations and final answers to 1 decimal place. December 31, 2024 December 31, 2023 Accounts receivable million $ 24 million Inventory $ 43 million $ 38 million Total assets $ 268 million million Total stockholders' equity million $ 148 million Net sales $ 133 million Cost of goods sold million Net income million Average collection period 40.2 days Average days in inventory 127.0 days Equity multiplier 1.7 Return on equity 15.0 % Profit margin on sales 19.2 % ROA %
00 8 The following information is provided in the 2024 annual report to shareholders of The BizStore: Required: Compute the missing amount in the BizStore financial statement information. Note: Round your intermediate calculations and final answers to 1 decimal place. December 31, 2024 December 31, 2023 Accounts receivable million $ 24 million Inventory $ 43 million $ 38 million Total assets $ 268 million million Total stockholders' equity million $ 148 million Net sales $ 133 million Cost of goods sold million Net income million Average collection period 40.2 days Average days in inventory 127.0 days Equity multiplier 1.7 Return on equity 15.0 % Profit margin on sales 19.2 % ROA %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:00
8
The following information is provided in the 2024 annual report to shareholders of The BizStore:
Required:
Compute the missing amount in the BizStore financial statement information.
Note: Round your intermediate calculations and final answers to 1 decimal place.
December 31, 2024
December 31, 2023
Accounts receivable
million
$
24 million
Inventory
$
43 million
$
38 million
Total assets
$
268 million
million
Total stockholders' equity
million
$
148 million
Net sales
$
133 million
Cost of goods sold
million
Net income
million
Average collection period
40.2 days
Average days in inventory
127.0 days
Equity multiplier
1.7
Return on equity
15.0 %
Profit margin on sales
19.2 %
ROA
%
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