m IV - Chapters 10 & 11 iThe balance sheets of Xenon Company reports total assets of $891,000 and $958,000 at the beginning and end of the year,respectively. Sales revenues are $1.7 million, net income is $182,000, and net cash flows from operating activities are $153,000.Cash return on assetsCash flow to salesAsset turnoverRequired:Calculate the cash return on assets, cash flow to sales, and asset turnover. (Do not round intermediate calculations. Round your finalanswers to 1 decimal place.)%Saved%timesPrevHelp#

Financial ratios are very important from performance points of view and good financial ratio will…

ance sheets of Xenon Company reports total assets of $8 ively. Sales revenues are $1.7 million, net income is $182,C ed: ate the cash return on assets, cash flow to sales, and asset rs to 1 decimal place.) eturn on assets low to sales turnover % do do % times

ance sheets of Xenon Company reports total assets of $8 ively. Sales revenues are $1.7 million, net income is $182,C ed: ate the cash return on assets, cash flow to sales, and asset rs to 1 decimal place.) eturn on assets low to sales turnover % do do % times

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: iven: Net Sales P7,500,000, beginning total assets P3,200,000, asset turnover 2.5. Compute the…

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: A company reports the following income statement and balance sheet information for the current year:…

A: RETURN ON TOTAL ASSETS Return on total assets measures the company's ability to generate profit…

Q: sales of $1.27 million, accounts receivable of $52,000, total assets of $4.96 million (of which…

A: A financial ratio, also known as an accounting ratio, is the magnitude of two numerical values…

Q: Use the following information to construct an income statement. Interest Expense Cost of Goods Sold…

A: Sales = $19,244,808Cost of goods sold = $11,519,888Interest expense =$350,196Other operating…

Q: Amjad Trading LLC : Gross Sales are RO 82,000, Sales Returns RO 2,000, Cost of goods sold is RO…

Q: b. Debt-to-equity ratio.

A: Times interest earn ratio also known as Interest Coverage ratio.

Q: Show the computation of Cash-Flow from Assets by computing Operating Cash-Flow, and Capex, and…

A: Operating Cash Flow = Operating Income + Depreciation – Taxes + Change in Working Capital.…

Q: oh the income statement below, what is the company's operating cash flow? Sales $85,250 Costs 48,200…

A: Operating cash flow is the cash flows of the company that arises due to the operating activities or…

Q: Edison Company reported the following for the current year: Net sales Cost of goods sold Net income…

A: Profit Margin RatioProfit margin is a financial statistic that determines the proportion of profit…

Q: Want Answer please provide

A: To calculate the cash conversion cycle (CCC) for Ridge Company, we need to determine the three…

Q: Given financial information of MEM's Merchandising Co.: Average accounts receivable = P90,000.00,…

A: Net sales = P 2,000,000 Gross profit margin = 25% Average accounts payable = P 700,000

Q: 1. Inventory turnover ratio 2. Average days in inventory 3. Receivables turnover ratio times days…

A: · Ratio analysis used to identify the business performance of the company.· It is used to measure…

Q: 6. The major elements of the income statement are: a. revenue, cost of goods sold, selling expenses,…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: pt depreciation d costs except depreciation will be S million. (Round to one decimal place and enter…

A: First lets find out what is the percent of existing figures(balance sheet and income statement) as a…

Q: Other Data Average net accounts receivable $7,900 $4,200 Average inventory 7,200 33,700 Net cash…

A: Formulae:

Q: Given the following information: Net income $965 Sales $22,653 Total Assets (average) $21,188…

A: Assets turnover = Sales / Average Assets Return on assets = Net Income / Average Assets

Q: COMPUTE FOR DAY SALES OUTSTANDING RATIO GIVEN ASSETS Current Assets Cash and cash…

A: The average number of days taken by a corporation to obtain payment for a sale is called days sales…

Q: A company reports the following:Sales…

A: Formula to calculate asset turnover ratio:

Q: JEY-7067 Inc. reported the following data for last year:

A: Residual Income = Net Operating Income - Average Operating Assets x Required Rate of return…

Q: Hel Edison Co. reported the following for the current year: Net sales Cost of goods sold Net income…

A: Average Total assets = (Beginning Total assets + Ending Total assets) / 2 =(60000+68000)/2 = $64,000

Q: b. Complete the income statement and balance sheet for a Company by using following additional…

A: Current ratio = current assets(CA)/current liabilities (CL) CA/CL = 3 .................(1) NP…

Q: TB MC Qu. 13-102 (Static) Jacobs Company reported net... Jacobs Company reported net sales of…

A: Days sales uncollected is calculated by dividing number of days in a year by accounts receivable…

Q: Complete the balance sheet and sales information in the table that follows for J. White Industries…

A: Note 1: Total liabilities-to-assets ratio: 45% Total liabilities/Total assets= 45% Total…

Q: 7. Victory airlines has a TAT ratio of 0.94 times (total assets turnover ratio); total depreciation…

A: Calculate Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA):Since we are…

Q: BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following…

A: Ratio analysis is a valuable management technique that may help you better comprehend financial…

Q: The comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 20Y8 and 20Y7, is as…

A: A Cash Flow Statement is a financial statement that includes the inflow and outflow of cash during…

Q: entory Expens

A: Current ratio is ratio of current assets to current laibilties.

Q: Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet…

A: In this question, we have been given the opening and closing balance of the Balance sheet and an…

Q: The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as…

A: The cash flow statement is prepared to record the cash flow from various activities during the…

Q: A company reports the following: Sales $10,975,200 Average total assets…

A: Asset turnover ratio = Sales/Average total assets

Q: Use the following data to create a complete income statement. All accounts must be correctly labeled…

A: Income Statement :— It is one of the financial statement that shows profitability of company during…

Q: Excerpts from Sydner Corporation's most recent balance sheet appear below: Current assets: Cash…

A: Accounts receivable turnover = Net sales / Average Accounts receivable where,Average Accounts…

Q: Turnover: $200 000,00 Cost of sales: $140 000,00 Profit before interest and…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: b. In 20X2, sales increased to $5,890,000 and the assets for that year were as follows: Cash…

A: The ratio analysis helps to analyze the financial statements of the business on the basis of the…

Q: Need help with this Question

A: Step 1:Given that ,Sales = $1,00,000The net income = $5,000The beginning assets = $2,00,000The…

Q: The Tarboro Corporation data for the current year and prior year is as follows: Current year $75,600…

A: Under horizontal analysis of financial statements, analysis is made over the time . Under this…

Q: Fixed assets turnover: 2.5x Current ratio: 2.0x Gross profit margin on sales: (Sales - Cost of goods…

A: Financial statement analysis:Financial statement analysis refers to the financial measures and…

Q: Accounts receivable, net Merchandise inventory Prepaid expenses Property, plant and equipment, net…

A: Hi studentSince there are multiple subparts asked, we will answer only first three subparts.Ratio…

Q: iven the above information, calculate the net income. Enter the value in 2 decimal places, Sales…

A: Time interest earned ratio show the ability of company to pay interest on time and it is the ratio…

Q: Refer to the following selected financial information from McCormik, LLC. Compute the company's…

A: Formula: Accounts receivable Turnover = Net sales / Average Accounts receivable Average Accounts…

Q: Below is financial information ($ values are in millions) in a model. Net income during the year for…

A: When the overall financial result for an accounting period is determined based on its revenue, and…

Q: Amjad Trading LLC:Gross Sales are RO 82,000, Sales Returns RO 2,000, Cost of goods sold is RO…

A: Introduction: Single step income statement: Deduction of all expenses from revenues derives the net…

Question

m IV - Chapters 10 & 11 i
The balance sheets of Xenon Company reports total assets of $891,000 and $958,000 at the beginning and end of the year,
respectively. Sales revenues are $1.7 million, net income is $182,000, and net cash flows from operating activities are $153,000.
Cash return on assets
Cash flow to sales
Asset turnover
Required:
Calculate the cash return on assets, cash flow to sales, and asset turnover. (Do not round intermediate calculations. Round your final
answers to 1 decimal place.)
%
Saved
%
times
Prev
Help
#

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Thunder Corporation's balance sheet and income statement appear below: Assets: Cash and cash equivalents Accounts receivable Inventory Property, plant, and equipment Less accumulated depreciation Total assets Liabilities and stockholders' equity: Accounts payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income Income taxes Net income Operating activities: Comparative Balance Sheet Income Statement @ 550 D RSA $ 891 Required: Prepare a statement of cash flows in good form using the indirect method. Note: List any deduction in cash and cash outflows as negative amounts. Thunder Corporation Statement of Cash Flows For This Year Ended December 31 334 $ 116 Santa Ending Balance 72 53 466 206 $ 425 53 $ 425 SER SIS The company did not dispose of any property, plant, and equipment, issue any bonds payable, or repurchase a stock during the year. The company…
Complete the income statement table below Sales $15,000 Gross income Cost of goods sold Operating expenses Asset depreciation S8,000 $2,000 $1,000 Taxable income Tax (20%) Net income Net cash flow
Inventory=$700. Net Fixed Assets-$1,759. Accounts rec-$192. Cash= $69. Accts payable=$210. How much is total current assets?
Given the following information: $8 million $10 million $7 million $3 million Average Inventory: $6 million Average A/R: Average Fixed Assets: Accounts Payables:$4 million Revenues: $2 million Liabilities: Total Expenses: Cost of Goods Sold: $10 million Assume no other assets or liabilities exist beyond what is articulated above. a. Compute Net Profit Margin b. Compute Total Asset Turnover c. Compute Return on Equity (ROE) d. Compute Inventory Turnover e. How much equity would have to be swapped out for debt to increase ROE by 1% assuming that nothing else changes? f. What is the firm's sustainable growth rate if dividends are equal to $0.5 million?
Cullumber Corporation reported net sales of $160,000, cost of goods sold of $91,200, operating expenses of $35,900, other expenses of $10,600, net income of $8,000. Calculate the following values. (Round answers to O decimal places, e.g. 25%.) *** EXAG 1. 2. Profit margin Gross profit rate % % Tole Skole Sele Schotho
How much cash does National have on its balance sheet?
A company reports the following:Sales $4,400,000Average total assets 2,000,000Determine the asset turnover ratio. Round to one decimal place.
B2
8. A company reports the following: Sales Average total assets $5,844,000 3,325,000 Determine the asset turnover ratio. Round to one decimal place.
The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Dec. 31, 20Y8 Dec. 31, 20Y7 Assets Cash $70,910 $86,990 Accounts receivable (net) 108,960 117,270 Merchandise inventory 155,660 145,360 Prepaid expenses 6,340 4,400 Equipment 317,080 260,420 Accumulated depreciation-equipment (82,440) (63,870) Total assets $576,510 $550,570 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $121,070 $115,070 Mortgage note payable 0 165,170 Common stock, $1 par 19,000 12,000 Paid-in capital: Excess of issue price over par-common stock 260,000 155,000 Retained earnings 176,440 103,330 Total liabilities and stockholders’ equity $576,510 $550,570 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows: Net income, $187,160. Depreciation…
klp.2
Fill in the Balance Sheet. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Sales $6544 Total Assets Turnover Current Ratio Quick Ratio 0.36 Current Liabilities to Stockholders Equity Average Collection Period (Use End of Year 10 0.8 AR) Total Debt Ratio Cash Accounts Receivables Inventory Assets Total Current Asset Total Net Fixed Assets Total Assets 000 4.6 3.7 3 1422.61 Balance Sheet Liabilities & Equity Accounts Payable Total Current Liabilities Long-Term Debt Total Liabilities Total Shareholders Equity Total Liabilities and Equity 102.43 1035.66 1138.09 284.52