4 - ABC Co. is a manufacturing company and selected financial statements items are given as following. Net Sales equals to 32000 for the year 2020 and 28000 for the year 2019. COGS equals to 24000 and 21000 respectively for th year 2020 and 2019. Accounts Receivable for the year 2020 equals to 8500 and 7800 for the year 2019. Inventory equals to 7500 and 6800 respectively for the year 2020 and 2019. Accounts Payable for the year 2020 equals to 11000 and 9000 for the year 2019. (All numbers are in dollars) Please calculate cash conversion cycle? a) 54 b) 0137 64 c) 74 d) 84 O O O O

4 - ABC Co. is a manufacturing company and selected financial statements items are given as following. Net Sales equals to 32000 for the year 2020 and 28000 for the year 2019. COGS equals to 24000 and 21000 respectively for th year 2020 and 2019. Accounts Receivable for the year 2020 equals to 8500 and 7800 for the year 2019. Inventory equals to 7500 and 6800 respectively for the year 2020 and 2019. Accounts Payable for the year 2020 equals to 11000 and 9000 for the year 2019. (All numbers are in dollars) Please calculate cash conversion cycle? a) 54 b) 0137 64 c) 74 d) 84 O O O O

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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Subject :- Accounting
Required: Net income?
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1. Total noncurrent assets *2. Total liabilities and shareholders' equity *
Financial statements for Asklew Industries for 2021 are shown below (in thousands) 2021 Income Statement Net sales $ 8,900 Cost of goods sold (6,225) Gross profit 2,675 Operating expenses (2,025) Interest expense (170) Income tax expense (192) Net Income $ 288 Comparative Balance Sheets Dec. 31…
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9- QWERTY Co. is a manufacturing company and its selected financial statements items are given as following. Net Sales equals to 32000 for the year 2020 and 28000 dollars for the year 2019. COGS equals to 24000 and 21000 respectively for the year 2020 and 2019. Operating income equals to 4300 and 3800 respectively for the year 2020 and 2019. Interest expense equals to 2000 and 1800 respectively for the year 2020 and 2019. Interest income equals to 500 and 400 respectively for the year 2020 and 2019. Tax expense equals to 1000 and 800 respectively for the year 2020 and 2019. Net income equals to 1800 and 1600 respectively for the year 2020 and 2019. What is operating income margin of of QWERTY Co. for the year 2020? a) 9% o13 b) 11% 13% 15%
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