得分 1. Calculation Questions Interpret the effect of the following six independent events and transactions for the : a. Accounts receivable turnover(equals 4.0 prior to the event) b. Days'sales in receivables c. Inventory turnover(equals 4.0 prior to the event) The three columns to the right of each events and transactions are identified as (a),(b),and (c) corresponding to the three liquidity measures.For each event and transaction indicate the effect as an increase(I);decrease(D); or no effect(NE). Events and transactions (а) (b) (c)

得分 1. Calculation Questions Interpret the effect of the following six independent events and transactions for the : a. Accounts receivable turnover(equals 4.0 prior to the event) b. Days'sales in receivables c. Inventory turnover(equals 4.0 prior to the event) The three columns to the right of each events and transactions are identified as (a),(b),and (c) corresponding to the three liquidity measures.For each event and transaction indicate the effect as an increase(I);decrease(D); or no effect(NE). Events and transactions (а) (b) (c)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Brock Company's financial information is listed below. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. What is the current ratio? Round your answer to two decimal places.
Activity 4: Compute the following financial ratios using the given financial statements below. Round off your answer to the nearest hundreds a. Gross profit ratio b. Operating income ratio c. Net profit ratio d. Return on asset (ROA) e. Return on equity (ROE) f. Asset turnover g. Fixed asset turnover h. Inventory turnover i.Days in Inventory j.Accounts receivables turnover
The condensed financial statements of Ivanhoe Company for the years 2020-2021 are presented below: (See Images) Compute the following financial ratios by placing the proper amounts for numerators and denominators. (Round per unit answers to 2 decimal places, e.g. 52.75.) (a) Current ratio at 12/31/21 $ $ (b) Acid test ratio at 12/31/21 $ $ (c) Accounts receivable turnover in 2021 $ $ (d) Inventory turnover in 2021 $ $ (e) Profit margin on sales in 2021 $ $ (f) Earnings per share in 2021 $ (g) Return on common stockholders’ equity in 2021 $ $ (h) Price earnings ratio at 12/31/21 $ $ (i) Debt to assets at 12/31/21 $ $ (j) Book value per share at 12/31/21 $
Simon Company’s year-end balance sheets follow. (1) Express the balance sheets in common-size percents. Round percents to one decimal. (2) Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? (3) Is the change in merchandise inventory as a percentage of total assets favorable or unfavorable?
provide answer please
The following information is taken from Randy Technology's statements of financial position at December 31, 2019 and 2020, and their income statement for calendar 2020: 2020 2019 Assets: Cash $ 38,000 $ 42,000 Short Term investments. 25,000 -0- Accounts receivable, 118,000 22,000 Inventory. 151,000 42,000 Prepaid insurance. 16,000 19,000 Long-term investments 49,000 20,000 Equipment (net). 130,000 130,000 Land 33,000 33,000 Goodwill 45,000 45,000 Total assets.. $ 605,000 $ 353,000 Net income. S 52,250 Sales (all on credit) 295,000 Cost of goods sold. 123,000. Interest expense. 15,600 Income tax expense.….... 17,450 Tax rate = 26% %3D Required: From the above information, calculate the following ratios for 2020:
How do you calculate Accounts Receivable (AR) Turnover and the Number of Days' Sales in Receivables? How is the amount of change method Calculated in horizontal financial statement Analysis?
ces Given the following information, complete the balance sheet shown next. Collection period Days' sales in cash Current ratio Inventory turnover Liabilities to assets Payables period Assets Current assets: Cash Accounts receivable Inventory Total current assets Net fixed assets Total assets (All sales are on credit. All calculations assume a 365-day year. The payables period is based on cost of goods sold.) Note: Round your answers to the nearest whole dollar. Liabilities and shareholders' equity Current liabilities: 71 days 33 days 2.2 times Accounts payable Short-term debt Total current liabilities Long-term debt Shareholders' equity Total liabilities and equity 5 65% 35 days $ $ 1,300,000 2,000,000 7,000,000
Using these data from the comparative balance sheets of Blossom Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.) Dec. 31, 2022 Dec. 31, 2021 Amount Percentage Amount Percentage Accounts receivable (net) $424,551 enter Accounts receivable in percentages on Dec. 31, 2022 % $ 333,450 enter Accounts receivable in percentages on Dec. 31, 2022 % Inventory 707,585 enter Inventory in percentages on Dec. 31, 2022 % 589,950 enter Inventory in percentages on Dec. 31, 2022 % Total assets 3,011,000 enter Total assets in percentages on Dec. 31, 2022 % 2,565,000 enter Total assets in percentages on Dec. 31, 2022 %
pls. provide complete solution / explanation.
The following items are reported on a company's balance sheet: $212,700 90,200 252,800 196,700 278,400 Cash Marketable securities Accounts receivable Inventory Accounts payable Determine the (a) current ratio, and (b) quick ratio. Round your answers to one decimal place. a. Current ratio b. Quick ratio
Explain the major financial ratios and financial cycles, debt ratio, debt to equity ratio, return on assets, return on equity, current ratio, quick ratio, inventory turnover, days in inventory, accounts receivable turnover, accounts receivable cycle in days, accounts payable turnover, accounts payable cycle in days, earnings per share (EPS), price to earnings ratio (P/E), and cash conversion cycle (CCC) and state the significance of each for financial management. Include examples based on a hypothetical balance sheet and income statement. Can CCC be negative? If so, what does it indicate? Explain working capital and its significance. Evaluate working capital in your example given in part “a” of this DQ2.