Average net accounts receivableAverage inventoryNet cash provided by operating activitiesCapital expendituresCash dividends paid(1)(2)(3) Average collection period(4)Inventory turnover(5)Days in inventory(6)Profit margin(7)Asset turnover(8)Return on assetsReturn on common stockholders' equityDebt to assets ratioTimes interest earnedFree cash flow(9)(10)(11)(12)Ratio(b)Current ratioAccounts receivable turnoverBIUT, T I EOther Data!!!!$7,5256,9425,8811,729496Target1.638.642.06.655.33.81.55.617.1666.5$3,656:1timesdaystimesdays%times%%%Compare the liquidity, solvency, and profitability of the two companies.times플$4,02533,83626,24912,1844,217Wal-Mart0.87 :1timesdays9.0 times101.43.640.63.52.421.08.6 %58days%11.4$9,848times%%times9用áया पान |O Word(s) Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions).TargetCorporationNet salesCost of goods soldSelling and administrative expensesInterest expenseOther income (expense)Income tax expenseNet incomeCurrent assetsNoncurrent assetsTotal assetsCurrent liabilitiesLong-term debtTotal stockholders' equityTotal liabilities and stockholders' equityTotal assetsTotal stockholders' equityCurrent liabilitiesTotal liabilitiesWalmartInc.Income Statement Data for Year$65,357$408,21445,583304,65779,6077072,065(94)(411)1,3847,139$ 2,488$ 14,335Balance Sheet Data (End of Year)$18,424$48,331122,375$170,706$55,56144,08971,056$170,70615,10126,109$44,533$11,32717,85915,347$44,533Beginning-of-Year Balances$44,106$163,42965,68255,39097,74713,71210,51230,394Other Data

when compared in the two companies regarding its liquidity solvancy and profitability position ,…

Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Cash dividends paid (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (b) Ratio Current ratio Accounts receivable turnover Average collection period Inventory turnover Days in inventory Profit margin Asset turnover Return on assets Return on common stockholders' equity Debt to assets ratio Times interest earned Free cash flow Other Data $7,525 6,942 5,881 1,729 496 Target 1.63 8.6 42.0 6.6 55.3 3.8 1.5 5.6 17.1 66 6.5 $3,656 :1 times days times BIUT, T'I EE J JE days % times 2 % times Compare the liquidity, solvency, and profitability of the two companies. $4,025 33,836 26,249 12,184 4,217 Wal-Mart 0.87 :1 101.4 times 3.6 days 9.0 times 40.6 days 3.5 % 2.4 times 8.6 % 21.0 % 58 11.4 $9,848 times 11 用 T Wor

Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Cash dividends paid (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (b) Ratio Current ratio Accounts receivable turnover Average collection period Inventory turnover Days in inventory Profit margin Asset turnover Return on assets Return on common stockholders' equity Debt to assets ratio Times interest earned Free cash flow Other Data $7,525 6,942 5,881 1,729 496 Target 1.63 8.6 42.0 6.6 55.3 3.8 1.5 5.6 17.1 66 6.5 $3,656 :1 times days times BIUT, T'I EE J JE days % times 2 % times Compare the liquidity, solvency, and profitability of the two companies. $4,025 33,836 26,249 12,184 4,217 Wal-Mart 0.87 :1 101.4 times 3.6 days 9.0 times 40.6 days 3.5 % 2.4 times 8.6 % 21.0 % 58 11.4 $9,848 times 11 用 T Wor

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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The following condensed information is reported by Sporting Collectibles. Income Statement Information Sales revenue Cost of goods sold Net income Balance Sheet Information Current assets Long-term assets Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity Profitability Ratios a. Gross profit ratio b. Return on assets c. Profit margin d. Asset turnover e. Return on equity % % % The amount of dividends paid Required: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.) times % 2021 $10,440,000 6,827,760 360,000 2. Determine the amount of dividends paid to shareholders in 2021. 2020 $8,400,000 5,900,000 248,000 $ 1,600,000 2,200,000 $ 3,800,000 $ 1,200,000 1,500,000 800,000 $ 900,000 1,500,000 800,000 300,000 200,000 $ 3,800,000 $3,400,000 $1,500,000 1,900,000 $3,400,000
4
Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable Accounts receivable Accrued liabilities Cash $25,348 72,217 6,515 18,453 36,540 82,322 107,903 73,662 29,474 659,319 1,775 31,321 Intangible assets Inventory Long-term investments Long-term liabilities Notes payable (short-term) Property, plant, and equipment Prepaid expenses Temporary investments Based on the data for Harding Company, what is the quick ratio (rounded to one decimal place)? Oa. 0.8 Ob. 3.4 Oc. 16.5 Od. 2
What's the total asset turnover ratio of this company? Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Less: accum. depr. Net fixed assets Total assets Liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term debt Owner's equity (1 million shares of common stock outstanding) Total liabilities and owner's equity Net sales (all credit) Less: Cost of goods sold Selling and administrative expense Depreciation expense Interest expense Earnings before taxes Income taxes Net income 1.41 2.33 O 4.45 1.11 8,000,000 (2,075,000) $600,000 900,000 1,500,000 75,000 $3,075,000 $5,925.000 $9,000,000 $800,000 700,000 50,000 $1,550,000 2,500,000 4,950,000 $9,000,000 $10,000,000 (3,000,000) (2,000,000) (250,000) (200,000) 4,550,000 (1,820,000) $2,730,000
Find the below: Cash ratio Inventory turnover EPS Total asset turnover Debt ratio Debt-to-equity ratio Times interest earned ROI Net profit margin ROE Market price/Book value P/E BALANCE SHEET ASSETS LIABILITIES & STOCKHOLDERS EQUITY Cash $ 1,500 Accounts payable $12,500 Marketable securities 2,500 Notes payable 12,500 Accounts receivable 15,000 Total current liabilities $25,000 Inventory 33,000 Long-term debt 22,000 Total current assets…
The regular financial statements in which every line has been divided by the sales for the year. Cash flow statement Common size statement Balance sheet Not choice given Income statement
Question Content Area The following information pertains to Tanzi Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments $41,912 Accounts receivable (net) 29,707 Inventory 28,654 Property, plant and equipment 293,074 Total Assets $393,347 Liabilities and Stockholders' Equity Current liabilities $58,253 Long-term liabilities 97,633 Stockholders' equity-common 237,461 Total Liabilities and stockholders' equity $393,347 Income Statement Sales $80,900 Cost of goods sold 36,405 Gross margin $44,495 Operating expenses 25,209 Net income $19,286 Number of shares of common stock 6,546 Market price of common stock $35 What is the current ratio for this company? Round your answer to two decimal places. Select the correct answer. 1.23 2.22 0.72 1.72
B Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Current assets. Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Total assets Total stockholders' equity Current liabilities Total liabilities Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Cash dividends paid 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. Ratio Current ratio Accounts receivable turnover Average collection period Inventory turnover Days in inventory Profit margin Asset turnover Return on assets Debt to assets ratio Walmart Inc. Income Statement Data for Year Times interest earned Target Corporation Return on common stockholders' equity Free cash flow $66,900 44,000 14,400 750 (95) 1,500 $6,155 $17,000 26,800 $43,800 Balance Sheet Data (End of Year) $10,000 17,300 16,500 $43,800 13,400 10,000…
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
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