3. Prepare a trend analysis using the information provided.20232022202120202019Net sales156,000147,000132,000125,000114,000Net income66,00057,00044,00036,00024,000Accounts77,00064,00052,00048,00039,000receivablesWrite your answer here.2023 2022202120202019Net salesNet incomeAccountsreceivablesVo

The objective of this question is to prepare a trend analysis for the given data. Trend analysis is…

Answered: 3. Prepare a trend analysis using the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Complete the following table for the requested ratios and account balgces." 2010 $ 5,200 2011 $ ???? « 2014 $1,700 $3,000 - 2012e 2013e 2015e e Cash $ 5,800 - $4,200 Accounts receivable 1,600 - 100 € ???? 4,200 7,600 2,200 Inventory 2,800 • 7,300 € 8,400 9,900 ???? 8,700 Prepayments 300 2,000 8,500 ???? 8,100 2,600 Total current assets $9,900 $???? $???? $???? $???? $16,500 Accounts payable $1,800 $8,500 $5,800 $4,700 $8,900 • $????4 Accrued liabilities 2,000 2,000 € 3,400 « 5,700 • 1,600 4,000 Wages payable 1,500 5,200 2,200 5,600 9,100 7,900 Total current liabilities $5,300 $15,700 $11,400 $16,000 $19,600 ????4 Current ratio ???? 1.07 ???? 1.76 1.09€ ???? Quick ratio ???? 0.48€ 1.31€ ???? ???? 0.26
Please answer following question Q5: Company Name Net Credit Sales Beginning Net Receivables Ending Net Receivables Brown $180,000 $ 5,000 $30,000 Pink $400,000 $52,000 $42,000 Yellow $ 75,000 $ 5,400 $ 5,800 (a)Which company is doing the best job of managing its accounts receivable? Why? Be sure to support your answer with computations. (b)What are your concerns about these companies? BR,
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What is Verizon Wireless’s average daily credit sales? (Enter your answer in $ Million.) Select Financial Metrics Month Avg 2020 Accounts Receivables 409,489 Credit Sales 690,049 Cash On Hand 1348 All figures in $ Millions Note figures are the monthly average.
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WHY THE FORECAST INCOME HSVE DEACLINE IN THE 2022 AND 2023 OF APPLE COMPANY
Quick BQtio all Yearh As Reported Annual Balance Sheet Report Date Scale 2019 2018 2017 2016 Thousands Thousands Thousands Thousands Assets 9,465,000 6,284,000 7,722,000 Cash & cash equivalents Receivables, net 6,756,000 6,867,000 6,283,000 5,614,000 5,835,000 44,269.000 3,623,000 61,897,000 104,317.000 Inventories 44.435,000 1,622,000 61,806,000 105,208,000 17,424,000 4,417,000 43,783,000 43,046,000 Prepaid expenses & other current assets Total current assets 3,511,000 59,664,000 107,675,000 1,941,000 57,689,000 107.710,000 Property & equipment, net Operating lease right-of-use assets Finance lease right-of-use assets, net Property under capital lease & financing obligations, net Goodwill Other long-term assets Total assets 7,078,000 31,181,000 14,822,000 219,295,000 7,143,000 18,242,000 31,073,000 16,567,000 236,495,000 6.468,000 17.037,000 9,921,000 198,825,000 11,798,000 204,522,000 Liabilities & Equity Short-term borrowings Accounts payable Accrued liabilities 575,000 46,973,000…
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Question 3 Poppy Traders owns the following assets on 31 December 2021: 1. Ford EcoSport-CS 23 TM GP: Purchased on 30/6/2019 for R250 000. 2. Packaging machine: Purchased on 1/4/2020 for R300 00. Poppy Traders writes off depreciation as follows: Vehicles at 20% per annum using the diminishing balance method. Machinery at 25% per annum using the straight-line method.

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