7- ABC Co. is a retail company and its selected financial statements items are given as following. Its Total Assets equals to 50.000 TL, current assets equals to 30.000, total short- term liabilities equals to 20.000 TL, long-term liabilities 14.000 TL, equity equals to 16.000 TL, inventory equals to 10.000 TL, account receivable equity equals to 8.000 TL, account payable equity equals to 6.000 TL. Please calculate acid-test of ABC Co.? a) 1,5 01385 b) O 1 2,5. d) 2

7- ABC Co. is a retail company and its selected financial statements items are given as following. Its Total Assets equals to 50.000 TL, current assets equals to 30.000, total short- term liabilities equals to 20.000 TL, long-term liabilities 14.000 TL, equity equals to 16.000 TL, inventory equals to 10.000 TL, account receivable equity equals to 8.000 TL, account payable equity equals to 6.000 TL. Please calculate acid-test of ABC Co.? a) 1,5 01385 b) O 1 2,5. d) 2

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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8
B Company provided the balance sheet below: Accounts Cash 225 150 payable Accounts receivable 600 Accruals 250 Inventory 475 Notes payable 425 Current Current assets 1,300 825 liabilities Net fixed assets 1,000 Long-term debt 625 Common equity 325 Retained 525 earnings Total liab. & Total assets 2,300 2300 equity Compute for the Acid-test ratio. (2 decimal places)
The following information pertains to Dallas Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments $41,706 Accounts receivable (net) 32,359 Inventory 33,536 Property, plant, and equipment 244,092 Total Assets $351,693 Liabilities and Stockholders' Equity Current liabilities $67,811 Long-term liabilities 92,969 Common stock, $20 par 125,380 Retained earnings 65,533 Total Liabilities and stockholders' equity $351,693 Income Statement Sales $85,174 Cost of goods sold 38,328 Gross margin $46,846 Operating expenses 28,378 Net income $18,468 Number of shares of common stock 6,269 Market price of common stock $20 Dividends per share $1.00 Cash provided by operations $40,000 What is the return on stockholders' equity? a.28.2% b.1.1% c.6.9% d.2.9%
D. Return on Common Shareholders' Equity Net Income-preferred Dividends / Average Common Shareholders' Equity E. Accounts Receivables Turnover Net Credit Sales/Average Accounts Receivable F. Merchandise Inventory Turnover Cost of Goods Sold/ Average Inventory d. Return on Common Stockholders’ Equitye. Accounts Receivables Turnoverf. Merchandise Inventory Turnover
6. 131 3) Northern Industries accepted a credit card sale for $14,000. The credit card company charges 2%. a. What is the entry for this transaction on the horizontal equation? b. What is the impact of collecting the payment from the credit card company? (Show the individual accounts impacted in the asset section) Assets Liabilities Stockholders' Equity Revenues Expenses Net Income Cash %3D Flow a. b. 4) Here are the inventory purchases and sales for Fraser Company: Inventory Layers Available for Sale: October 1 Beginning Inventory 14 @ $16 $224 9. Study guide - Chapter 5 (with solutions).docx 19 f12 Oly prt sc 114
Answer the following questions by using the following data taken from the financial statement of 2 companies: Company ABC Annual Sales ( on Credit ) $1,324,600 $936,720 Company DEF Annual Sales ( on Credit ) Cost of Goods Sold $2,748,308 Cost of Goods Sold $1,709,406 Average Inventory Average Accounts Receivable Average Accounts Payable $225,025 $346,007 $175,456 Average Inventory Average Accounts Receivable Average Accounts Payable $356,394 $300,000 $150,000 How much is the approximate Days Payable Outstanding of Company DEF? 32 1. 95 40 68 How much is the approximate Days Inventory Outstanding for Company АВС? * 88 90 2. 95 76 How much is the approximate Days Sales Outstanding for Company DEF? * 76 95 3. 87 40 How much is the approximate Days Inventory Outstanding for Company DEF? * 76 4. 95 90 88 How much is the approximate Days Payable Outstanding of Company АВС? * 95 5. 68 40 32 How much is the approximate Days Sales Outstanding for Company ABC? * 87 6. 95 76 40 How much is the…
Please answer required a and b
Current Position Analysis The following items are reported on a company's balance sheet: Cash $354,100 Marketable securities 276,700 Accounts receivable (net) 297,400 Inventory 178,500 Accounts payable 357,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.
B2
q. 13 A company has $628 in inventory, $1,921 in net fixed assets, $300 in accounts receivable, $141 in cash, and $354 in accounts payable. What are the company’s total current assets? $769 $1,069 $2,990 $1,123 $1,423
The following information comes from the accounting records of Wildhorse Ltd.: Statement of Financial Position Assets Cash Accounts receivable Inventory Capital assets (net) Other assets Liabilities and shareholders' equity Accounts payable Long-term debt Common shares Retained earnings Statement of Income Sales Cost of goods sold Other expenses Income tax Net income (a1) Sales Cost of goods sold Gross margin Other expenses Income taxes Net income Current ratio Quick ratio A/R turnover Average collection period Inventory turnover 2022 Days to sell inventory $34,900 101,700 164,000 639,000 345,000 $149,000 300,000 779,000 757,000 402,000 $1,284,600 $1,341,000 $1,556,000 56,600 254,160 2022 21,180 17,000 $4,180 100 % 74 % $1,284,600 $1,341,000 26 % $1,059,000 $1.199,000 783,660 24 % 1.6 % 0.39 % 2022 2023 $32,000 3.2 119,000 9.5 195,000 Based on the above information, analyze the changes in the company's profitability and liquidity, in addition to the management of accounts receivable…
Current Attempt in Progress Aspect Ltd has the following balance sheet figures. The current ratio is: Total current assets $450 000 Total current liabilities Inventory Bank overdraft O 2:1. O 1.67:1. 3.75:1. 3:1. Save for Later 150 000 200 000 30 000

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