380 Ratio Calculations and Vertical Analysis - Academic Resources Select the images below to enlarge. Balance Sheet Murawski Company Balance Sheet December 31 Current Assets Investments Cash and cash equivalents Accounts receivable (net) Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Inventory Prepaid expenses Total current assets Sales Revenue Murawski Company Income Statement For the Years Ended December 31 Costs and expenses Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses 2022 Income Statement Income before income taxes Long-term liabilities 410 Stockholder's equity-common 1,030 1,040 Total liabilities and stockholder's equity $2,340 $2,210 Income tax expense Net Income $330 $360 400 470 460 390 120 160 1,380 1,310 10 420 530 $2,340 $900 2022 $3,800 2021 955 2,400 25 3.380 420 126 $294 10 380 510 $2.210 $790 380 2021 $3,460 890 2,330 20 3,240 220 66 $154 HCS/380: Week 4-Ratio Calculations-Academic Resources Calculate the 2021 Inventory Turnover ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. Example 1500 ÷ 800 890 ÷ bthe answer is wrong and i still couldnt get past... bartleby = 1.88 Inventory Turnover Ratio 2021 = - U+0 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again.
380 Ratio Calculations and Vertical Analysis - Academic Resources Select the images below to enlarge. Balance Sheet Murawski Company Balance Sheet December 31 Current Assets Investments Cash and cash equivalents Accounts receivable (net) Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Inventory Prepaid expenses Total current assets Sales Revenue Murawski Company Income Statement For the Years Ended December 31 Costs and expenses Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses 2022 Income Statement Income before income taxes Long-term liabilities 410 Stockholder's equity-common 1,030 1,040 Total liabilities and stockholder's equity $2,340 $2,210 Income tax expense Net Income $330 $360 400 470 460 390 120 160 1,380 1,310 10 420 530 $2,340 $900 2022 $3,800 2021 955 2,400 25 3.380 420 126 $294 10 380 510 $2.210 $790 380 2021 $3,460 890 2,330 20 3,240 220 66 $154 HCS/380: Week 4-Ratio Calculations-Academic Resources Calculate the 2021 Inventory Turnover ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. Example 1500 ÷ 800 890 ÷ bthe answer is wrong and i still couldnt get past... bartleby = 1.88 Inventory Turnover Ratio 2021 = - U+0 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:HCS/380: Week 4 - Horizontal and Vertical Analysis - Academic Resources
HCS/380 Ratio Calculations
Select the images below to enlarge.
Balance Sheet
Murawski Company
Balance Sheet
December 31
Current Assets
Investments
Cash and cash equivalents
Accounts receivable (net)
Property, plant, and equipment
Intangibles and other assets
Total assets
Current liabilities
Inventory
Prepaid expenses
Total current assets
Sales Revenue
Murawski Company
Income Statement
For the Years Ended December 31
Costs and expenses
Cost of goods sold
Selling and Administrative expenses
Interest expense
Total costs and expenses
2022
Income Statement
Income before income taxes
$330
470
460
120
1,380
Income tax expense
Net Income
10
420
530
$2,340
Long-term liabilities
Stockholder's equity - common
1,030
1,040
Total liabilities and stockholder's equity $2,340 $2,210
$900
410
2022
$3,800
955
2,400
25
3,380
2021
420
126
$294
$360
400
390
160
1,310
10
380
510
$2,210
$790
380
2021
$3,460
890
2,330
20
3,240
220
66
$154
HCS/380: Week 4 - Ratio Calculations - Academic Resources
Calculate the 2021 Inventory Turnover ratio.
Use whole numbers rounded to 2 decimal
places, if needed, as seen in the example
below.
Example
1500 ÷ 800
890
b the answer is wrong and i still couldnt get past... | bartleby
Inventory Turnover Ratio 2021
÷
·I·
1.88
Click the check mark to check your answers.
Fields with incorrect responses will be
removed so you can try again.
□
+ 0
n
|
SHF
AVE
BA
AT SWEETIE
Expert Solution
Step 1
The inventory turnover ratio is a measure used to evaluate how efficiently management sells inventory. When the management is not efficient the inventory turnover ratio is low because the management is slow in selling the inventory.
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