als of Financial Statement Analysis i Accounts receivable Inventory Total current assets Intangible assets Total assets Current liabilities Long-term liabilities Sales: Cost of goods sold Interest expense Income tax expense Net income Cash flow from operations Cash flow from investing activities Cash flow from financing activities Tax rate The inventory turnover for 20X2 is (rounded): 20X2 $ 267,500 20X1 $230,000 312,500 257,500 670,000 565,000 50,000 60,000 825,000 695,000 252,500 200,000 77,500 75,000 1,640,000 982,500 10,000 77,500 127,500 71,000 (6,000) (62,500) 30% Saved
als of Financial Statement Analysis i Accounts receivable Inventory Total current assets Intangible assets Total assets Current liabilities Long-term liabilities Sales: Cost of goods sold Interest expense Income tax expense Net income Cash flow from operations Cash flow from investing activities Cash flow from financing activities Tax rate The inventory turnover for 20X2 is (rounded): 20X2 $ 267,500 20X1 $230,000 312,500 257,500 670,000 565,000 50,000 60,000 825,000 695,000 252,500 200,000 77,500 75,000 1,640,000 982,500 10,000 77,500 127,500 71,000 (6,000) (62,500) 30% Saved
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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Transcribed Image Text:atials of Financial Statement Analysis i
Accounts receivable
Inventory
Total current assets
Intangible assets
Total assets
Current liabilities
Long-term liabilities.
Sales
Cost of goods sold.
Interest expense
Income tax-expense
Net income
Cash flow from operations
Cash flow from investing activities
Cash flow from financing activities
Tax rate
The inventory turnover for 20X2 is (rounded):
Multiple Choice
O
O
O
2.61 times.
3.80 times.
3.12 times.
3.45 times.
20X2
$ 267,500
20X1
$230,000
312,500 257,500
670,000 565,000
50,000 60,000
825,000 695,000
252,500 200,000
77,500
75,000
1,640,000
982,500
10,000
77,500
127,500
71,000
(6,000)
(62,500)
30%
Saved
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