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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stark company most recent balance sheet reported total assets of 2.02 million and total liabilitie of 0.74 million and total equity of 1.28 million its debit equity to ratio is A. 0.37 B. 0.63 C. 1.73 D. 0.58 E. 1.00
8
Using these data from the comparative balance sheets of Bonita Company, perform a vertical analysis. Accounts receivable (net) Inventory Total assets (Round percentages to 1 decimal place, e.g. 12.1%.) Accounts receivable (net) Inventory Total assets Amount $435.960 December 31, 2022 December 31, 2021 $422,800 720.720 2.520,000 $435.960 December 31, 2022 720.720 2,520.000 Percentage 624,400 2,800,000 Amount $422,800 624,400 2.800,000 December 31, 2021 Percentage % 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)
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…
Q. Calculate the current assets and current liabilities from the data given below. Current ratio. 1.8 Quick ratio. 1.2 Inventory turnover ( on c.g.s). 12 Gross profit rate. 25% Credit period. 1month Working capital. 640000
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
Fortune Corporation's comparative balance sheet showed noncash current assets and liabilities as follows: Dec. 31, Year 2 Dec. 31, Year 1 $7,639 $4,034 11,762 16,277 4,443 5,510 4,585 2,265 Accounts receivable Merchandise inventory Accounts payable Dividends payable Adjust Year 2 net income of $48,103 for changes in current operating assets and liabilities to arrive at net cash flows from operating activities using the indirect method.

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