FileToolsViewUTS MK I GSL 20-21 (19.10.20 -13.30) - Word (Product Activation Failed)WUTS MK I GSL 20-21 (19.10.20 -13.30) * xDocument2Problem 1Balance ShetIncome StatementPT. MaTaHtariPT. MATAH+ariFor the year Ended December 31For the year Ended December 3120192018ASSETSales Revenue10.000.000.000Cash550.000.000700.000.000Cost of Good Sold6.400.000.000Marketable Securities500.000.000300.000.000Gross ProfitAccount Receivable700.000.000550.000.000Inventory750.000.000650.000.00D3.600000.000Total Currevt Assit2.500.000.0002.200.000.000Operating ExpensesSelling Expenses200.000.000Gross Fixed Asset3.000.000.000General & Administrative Expenses150.000.0004.000.000.000Less : Accumulated DepreciationDepreciation Expenses250.000.000500.000.000200.000.000Nett Fred AssitTotal Operating Expenses3.500.000.0002.800.000.000600.000.000 Operating ProfitTOTAL ASSET6.000.000.0005.000.000.0003.000.000.000 Interest ExpensesJABILITIBS E STOCKHOLDER'S BQUITY750.000.000Account Payable600.000.000500.000.000Net Profit Before Taxes2.250.000.000Notes Payable400.000.000450.000.000Accruals550.000.000450.000.000Taxes 40%900.000.000Total Current Liabiities1.550.000.0001.400.000.000Net Profit After Taxes1.350.000.000Long Term DebtTotal Liabilitilta1.200.000.000850.000.000Preffered Stock Dividend100.000.0002.750.000.0002.250.000.000Barving Available for Common Stockinolders1.250.000.000Additional data:Preffered Stock600.000.000550.000.000• Purchase = 85% of COGSCommon Stock2.000.000.0001.750.000.000Retained Earning• Outstanding Share = 500,000 shares• Market price = IDR 7,500• 1 year = 360 days650.000.000450.000.000Total Stociehololer's Bauity3.250.000.0002.750.000.000TOTAL UABILITIBS E STOKHOLDER'SBQUITY6.000.000.0005.000.000.000Question:Activate WindowsGo to Settings to activate Windows.Screens 1-2 of 6+100% FileToolsViewUTS MK I GSL 20-21 (19.10.20 -13.30) - Word (Product Activation Failed)w UTS MK I GSL 20-21 (19.10.20 -13.30) *xDocument2a. Calculate the financial ratios for 2019 and analyze your calculations using time se-ries and cross-sectional (write a summary of your answers in a table like the following)and explain your calculations!Rasie KeuangaIncome StatementPT. MaTaHaritnalustryAstual 201EAstual 2019TimeCreasOverallAverageStriesStstiov.alFor the year Ended December 31Current Ratio1,851,53Average Collection Period40 days35 daysSales Revenue10.000.000.000Cost of Good Sold6.400.000.000Inventory Turnover7,56,2Gross ProfitAverage Payment Period55 days50 days3.600000.000Operating ExpensesSelling ExpensesTotal Assets Turnover1,351,5200.000.000General & Administrative ExpensesDebt Ratio55%47,5%150.000.000Depreciation Expenses250.000.000Time Interest Earned Ratio4,254,75Total Operating Expenses600.000.000 Operating ProfitEarning Per Share3.5002.250Return On Asset22,5%25%3.000.000.000 Interest Expenses750.000.000Price/Earning Ratio3,213,25Net Profit Before Taxes2.250.000.000Taxes 40%900.000.000Net Profit After Taxes1.350.000.000Preffered Stock Dividend100.000.000Barving Available for Common Stockinolders1.250.000.000Additional data:• Purchase = 85% of COGS• Outstanding Share = 500,000 shares• Market price = IDR 7,500• 1 year = 360 daysQuestion:Activate WindowsGo to Settings to activate Windows.Screens 2-3 of 8+100%

Ratios Industry Average Actual 2018 Actual 2019 Time Series Cross Sectional Overall Current…

a. Calculate the financial ratios for 2019 and analyze your calculations using time se- ries and cross-sectional (write a summary of your answers in a table like the following) and explain your calculations! Ruale Kenangan Industry Avtrage Astuli 20LE Aotuai 2019 Timd Cress Overall Sties Stetlona. Current Ratio 1,85 1,53 Average Collection Period 40 days 35 days Inventory TurnOver 7,5 6,2 Average Payment Period 55 days 50 days Total Assets Turnover 1,35 1,5 Debt Ratio 55% 47,5% Time Interest Earned Ratio 4,25 4,75 Earning Per Share 3.500 2.250 Return On Asset 22,5% 256 Price/Earning Ratio 3,21 3,25

a. Calculate the financial ratios for 2019 and analyze your calculations using time se- ries and cross-sectional (write a summary of your answers in a table like the following) and explain your calculations! Ruale Kenangan Industry Avtrage Astuli 20LE Aotuai 2019 Timd Cress Overall Sties Stetlona. Current Ratio 1,85 1,53 Average Collection Period 40 days 35 days Inventory TurnOver 7,5 6,2 Average Payment Period 55 days 50 days Total Assets Turnover 1,35 1,5 Debt Ratio 55% 47,5% Time Interest Earned Ratio 4,25 4,75 Earning Per Share 3.500 2.250 Return On Asset 22,5% 256 Price/Earning Ratio 3,21 3,25

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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Calculate the average life, average age, and asset turnover ratios for Exxon Mobil. Discuss what each ratio tells you in the context of your chosen company. Calculate the accounts receivable turnover ratio and convert that ratio into days. Discuss what each ratio tells you in the context of your chosen company. Assets Fiscal year is January-December. All values USD millions. 2018 2019 Cash & Short Term Investments 3.04B 3.09B Cash Only 3.04B 3.09B Short-Term Investments - - Total Accounts Receivable 24.7B 26.97B Accounts Receivables, Net 19.64B 21.1B Accounts Receivables, Gross 20.04B 21.51B Bad Debt/Doubtful Accounts (400M) (405M) Other Receivables 5.06B 5.87B Inventories 18.96B 18.53B Finished Goods 14.8B 14.01B Work in Progress - - Raw Materials 4.16B 4.52B Progress Payments & Other - - Other Current Assets 1.27B 1.47B…
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An analyst has obtained the following information regarding ABC, Inc. Using this information, he needs to estimate the company's Accounts Payable. Sales = $93,398Cost of Goods Sold (COGS) = $36,052Cash Cycle = 22 daysOperating Cycle = 86 daysAccounts Receivable Period = AR Period = Average Collection Period (ACP) = 40 daysWhat is the company's Accounts Payable balance?
Sales Cost of goods sold Accounts receivable 2021: 2020: 2018: 2018: 2021: 20:20: Compute trend percents for the above accounts, using 2017 as the bese year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable. Numerator: 2021: 2020: 2018: 2018: 2821 $ 553,453 284, 861 26,808 Numerator: Numerator: T 2017: Is the trend parcent for Net Sales favorable or unfavorable? I Trend Perent for Net Bales: I } J 2828 J I 184,986 21,060 2018: 2018: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Cost of Goods Bold: Denominator: 2019 $ 295,790 154,003 20,232 T " I Denominator: Trend Perent for Accounts Receivable: Denominator: 2018 $ 283,903 185,586 11,893 2017: Is the trend percent for Accounts Receivable favorable or unfavorable? 11 11 "H |||||| 11 11 11 2817 $ 148,000 75,939 10,170 11 Trend percent Trend parcant Trend percent aan | 20
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Compute trend percents for the following accounts using 2020 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favourable or unfavourable. Sales Cost of goods sold Accounts receivable Numerator: 2024 $ 754,236 372,126 36,731 Numerator: 1 2023 $ 499,494 246,502 29,121 Trend Percent for Net Sales: 1 1 1 1 1 1 2024: 2023: 2022: 2021: 2020: Is the trend percent for Net Sales favourable or unfavourable? 2022 $394,857 196,780 27,127 Prev Denominator: Trend Percent for Cost of Goods Sold: 1 Denominator: 5 of 8 2021 $ 265,005 131,752 15,529 = Next > 2020 $ 196,300 96,187 13,407 Trend percent % % % % %
se the following selected financial statement information from Black Water Industries. BLACK WATER INDUSTRIES Year Net Credit Sales Ending Accounts Receivable 2017 $687,430 $332,250 2018 705,290 362,450 2019 769,500 403,650 A. Compute the number of days’ sales in receivables ratios for 2018 and 2019. Round your answers to two decimal places. 2018 fill in the blank 1 days 2019 fill in the blank 2 days B. Using the sales in accounts receivable, choose the statement that most closely describes the company's management of its receivables. a. The company collects its accounts slowly, and the days are increasing. b. This may be leave the company unable to pay current debt owed to a lender. c. The company may need to be more aggressive with its receivable collection procedures. d. All of the above statements may be correct.
Number 3
Princeton's detailed age analysis of trade receivables at 31 December 2020 shows the following: Customername Totaloutstanding £ Creditlimit £ 0-30days £ 31-60days £ 61-90days £ Over 90days £ A. Ames 16200 15000 2000 8700 2500 3000 B.Bristow 18300 25000 18300 - - - C.Chen 4700 4800 - 2000 2700 - TOTAL 39200 - 20300 10700 5200 3000 Notes:• The company offers 30 days credit to its customers.• The credit is offered to the customers based on words of mouth• Ames is disputing the quality of some of the goods and refusing to pay, no decision hasbeen made yet (£3,000 over 90 days)• Chen has just put in an order for £5,000, he is a good friend of the directorRequired:What are the key points arising from the credit controller's review in respect of each tradereceivable balance and what suggestions can be made to improve the aged analysis report?
If you are told that LSJ Company turns its accounts receivable over every 33 days…this would represent an example of what type of analysis: a. Vertical Analysis b. Horizontal Analysis c. Ratio Analysis
The following select financial statement information from Candid Photography. CANDID PHOTOGRAPHY Year Net Credit Sales Ending Accounts Receivable 2017 $2,988,000 $1,290,450 2018 2019 3,750,860 4,000,350 1,345,600 1,546,550 Compute the accounts receivable turnover ratios and the number of days' sales in receivables ratios for 2018 and 2019 (round answers to two decimal places). What is the Average Accounts Receivable? What is the Net Credit Sales that would be used? What is the Accounts Relievable Turnover? what is the Days in Receivable Ratio?