1. The following information is provided in the 2018 annual report to shareholders of The BizStore: Accounts receivable Inventory Total assets Total stockholders' equity December 31, 2018 (E) $25 million $250 million December 31, 2017 $6 million $20 million (D) $130 million (C) Net sales Cost of Goods Sold Net income $115 million (F) (A)
1. The following information is provided in the 2018 annual report to shareholders of The BizStore: Accounts receivable Inventory Total assets Total stockholders' equity December 31, 2018 (E) $25 million $250 million December 31, 2017 $6 million $20 million (D) $130 million (C) Net sales Cost of Goods Sold Net income $115 million (F) (A)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:1. The following information is provided in the 2018 annual report to shareholders of The
BizStore
December 31, 2018
(E)
$25 million
$250 million
(C)
December 31, 2017
$6 million
$20 million
(D)
$130 million
Accounts receivable
Inventory
Total assets
Total stockholders' equity
Net sales
Cost of Goods Sold
Net income
$115 million
(F)
(A)
Average collection period
Average days in inventory
Equity multiplier
Return on stockholders' equity
Profit margin on sales
ROA
22.2 days
104 days
1.9
16.0%
17.4%
(B)
Compute items A-E in the table above.
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