Please do not give solution in image format thanku 4J-Mark Superstores provides the following selected financial data.Cash and cash equivalentsShort-term investmentsAccounts receivable:InventoryProperty, plantand equipmentLong-term investments -Total liabilities2024$ 852,54045,0501,120,5452,012,0202023$ 750,23539,1941,030,9012,615,1793,749,2914,212,68696,55582,072Total asset9,139,3968,266,8714,204,1223,968,098Total stockholders' equity4,935,2744,298,773Net sales15,579,86513,710,281Operating income5,452,9534,661,496Interest expense157,6555,947148,8044,851Investment income tCalculate the investment-to-assets ratio for 2024.Note: Round your answer to 1 decimal place.Investment-to-assets ratio%

To calculate the investment-to-assets ratio for 2024, we first need to determine the total…

Answered: 4 J-Mark Superstores provides the…

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter12: The Statement Of Cash Flows

Section: Chapter Questions

Problem 12.20MCE

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J-Mark Superstores provides the following selected financial data. Cash and cash equivalents Long-term investments Short-term investments Accounts receivable Inventory Property, plant and equipment Total asset 2024 $ 852,540 45,050 1,120,545 2023 $ 750,235 39,194 1,030,901 2,812,020 2,615,179 4,212,686 3,749,291 96,555 82,072 9,139,396 8,266,871 Total liabilities 4,204,122 3,968,098 Total stockholders' equity 4,935,274 4,298,773 Net sales 15,579,865 13,710,281 Operating income 5,452,953 4,661,496 Interest expense 157,655 Investment income 5,947 148,804 4,851 Calculate the return on investments ratio for 2024. Note: Round your answer to 1 decimal place. Return on investments ratio %
J-Mark Superstores provides the following selected financial data. Cash and cash equivalents Short-term investments Accounts receivable Inventory Property, plant and equipment Long-term investments Total asset 2024 $ 852,540 45,050 1,120,545 2023 $ 750,235 39,194 1,030,901 2,812,020 2,615,179 4,212,686 3,749,291 96,555 82,072 9,139,396 8,266,871 Total liabilities 4,204,122 3,968,098 Total stockholders' equity 4,935,274 4,298,773 Net sales. 15,579,865 13,710,281 Operating income 5,452,953 4,661,496 Interest expense 157,655 5,947 148,804 4,851 Investment income Calculate the investment-to-assets ratio for 2024. Note: Round your answer to 1 decimal place. Investment-to-assets ratio %
Refer to the following selected financial information from WorkFit Corporation. Compute the company's acid-test ratio. Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Current liabilities Multiple Choice O O O 2.76. 0.91. 1.10. 2.67. 1.63. $ 42,250 59,180 79,500 115,000 9,700 111,000
J-Mark Superstores provides the following selected financial data. Cash and cash equivalents Short-term investments Accounts receivable Inventory Property, plant and equipment Long-term investments Total asset Total liabilities Total stockholders' equity Net sales Operating income Interest expense Investment income Calculate the return on investments ratio for 2024. Note: Round your answer to 1 decimal place. 2024 $ 852,540 45,050 1,120,545 2,812,020 4,212,686 96,555 9,139,396 4,204,122 4,935,274 15,579,865 5,452,953 157, 655 5,947 X Answer is complete but not entirely correct. Return on investments ratio 4.2 X % 2023 $ 750,235 39,194 1,030,901 2,615,179 3,749,291 82,072 8,266,871 3,968,098 4,298,773 13,710,281 4,661,496 148,804 4,851
Find the following using the data bellow a. Accounts receivable B. Current assets C. Total assets D. Return on assets E. Common equity F. Quick ratio
We are given the following information for Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $2,068,000 150,000 923,000 763,000 a. Accounts receivable b. Marketable securities c. Capital assets. d. Long-term debt $ Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items: LA LA LA $ $ 1.00 times 2.60 times $ 40 % 4 times 517000
We are given the following information for Pettit Corporation. Sales (credit) Cash Inventory Current liabilities. Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $4,344,000 229,000 873,000 773,000 a. Accounts receivable b. Marketable securities c. Capital assets d. Long-term debt $ $ Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items: ta ta ta 1.45 times 2.80 times $ $ 50 % 8 times
Calculate the dividend payout ratio.
The following summary financial statement information is provided for Denbury Industries: Cash and cash equivalents Short-term investments Accounts receivable Inventory Property, plant, and equipment Long-term investments Total assets Net income Interest expense Investment income Multiple Choice O 2024 2023 $ 239,850 $ 368,740 Calculate the return on investments ratio for 2024. 2.5% 25,640 18,740 658,930 690,760 345,920 415,380 859,710 735,480 83,670 65,300 2,213,720 2,294,400 $ 279,630 $ 199,850 39,540 25,670 5,750 3,170
E9-6 Current Position Analysis Obj. 3 .................. The following data were taken from the comparative balance sheet of Icon Living, Inc., for the years ended December 31, 20Y9 and December 31, 20Y8: Cash Temporary investments Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Accounts payable Accrued liabilities Total current liabilities ▸ Details Dec. 31, 20Y9 $ 75,000 125,000 250,000 425,000 25,000 $ 900,000 $ 350,000 25,000 $ 375,000 Dec. 31, 2018 $ 50,000 75,000 200,000 305,000 20,000 $ 650,000 $ 230,000 20,000 $ 250,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. b. What conclusions can be drawn from these data?
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