Ratio Analysis2.105Ising the following data, complete the Balance Sheet below:Gross Profit (20% of sales)Shareholders' Equity7 60,0007 50,000Credit Sales to Total sales80%Total Assets Turnover (Sales/Total Assets)3 timesInventory Turnover (to cost of Sales)Average Collection Period (360 days a year)8 times18 daysCurrent ratio1.6Long-term debt to Equity40%Balance SheetCreditorsCashLong-term DebtShareholders' EquityDebtorsInventoryFixed Asset..... ....000:

Balance sheet refers to the financial statement of the business entity. It is divided into two parts…

37. Using the following data, complete the Balance Sheet below: Gross Profit (20% of sales) Shareholders' Equity 60,000 7 50,000 Credit Sales to Total sales Total Assets Turnover (Sales/Total Assets) Inventory Turnover (to cost of Sales) Average Collection Period (360 days a year) 80% 3 times 8 times 18 days Current ratio 1.6 Long-term debt to Equity 40% Balance Sheet Creditors Cash ..... Long-term Debt Shareholders' Equity Debtors Inventory Fixed Asset ....

37. Using the following data, complete the Balance Sheet below: Gross Profit (20% of sales) Shareholders' Equity 60,000 7 50,000 Credit Sales to Total sales Total Assets Turnover (Sales/Total Assets) Inventory Turnover (to cost of Sales) Average Collection Period (360 days a year) 80% 3 times 8 times 18 days Current ratio 1.6 Long-term debt to Equity 40% Balance Sheet Creditors Cash ..... Long-term Debt Shareholders' Equity Debtors Inventory Fixed Asset ....

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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Accounting Renty has a debt-equity ratio of 35 percent, sales of $13,500, net income of $2,200, and total debt of $11,200. What is the return on equity?
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40. JoelEmbi, Inc. has an ROA (return on assets) of 15.2 percent, total assets of $4,500,000 and a net profit margin of 7.6 percent. What are JoelEmbi, Inc.'s annual sales? Enter your answer a whole number (i.e., rounded to zero decimal places. 41. JimmyButle, LLC. has a debt-to-total assets ratio of 39.6%. What is the company's debt-to-equity ratio? Enter your answer as a ratio (that is, do not convert to a percent), rounded to 2 decimal places. 42. JohCol, Inc has a debt ratio of 27.0% and ROE = 20.2%. What is JohCol, Inc.'s ROA? Enter your answer as a percent rounded to 1 decimal place. Enter 43. PauGeo, Inc. has an ROA of 18.2% and a debt/equity ratio of 0.83. The firm's ROE is answer as a percent rounded to 1 decimal place. 44. Assume that TraeYoung, Inc. has: Debt ratio 60% ● Net profit margin = 15.2% ● Return on assets (ROA) = 52% Find Trae Young's Total Asset Turnover ratio. Enter answer as a ratio (that is, do not convert to a percent), rounded to 2 decimal places.
2.The Moon Company had net income in 2022 of AED 40 million. Here are some of the financial ratios from the annual report. Return on Assets = 5% Debt Assets Ratio = 55% Profit Margin = 4.5% Inventory in days = 20 days Using these ratios, calculate the following for the Remal Company: a) Salesb) Total assetsc) Total asset turnover d) Total debte) Stockholders' equity f) Return on equityg) Inventory
Cash $ 30,000 Marketable securities $ 25,000 Accounts Receivable Inventory Total current Assets Net Fixed Assets Total Assets Accounts Payable $ 120,000 Short-term Notes Payable Accrued Liabilities $ 20,000 Total Current Liabilities Long-Term Debt Total Debt Stockholder's Equity $ 600,000 Total Liabilites and Equity Assumptions: Sales = $1,825,000 Gross profit margin = 30% Inventory Turnover = 7.0 365 days per year DSO = 40 days Current ratio = 1.40 Total Asset Turnover = 1.25 Complete the Balance Sheet below based on the given information
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