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
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…
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…
K. Jackson Corporation Assets Cash Accounts receivable Inventory Net fixed assets Total assets Liabilities and owners' equity. Accounts payable ST Notes payable Long-term debt Owners' Equity Total liabilities and owner's equity Balance Sheet $250,000 450.000 500,000 2.100,000 $3,300.000 $100.000 450.000 1,050,000 1,700.000 $3,300,000 Income Statement Sales (all credit) Cost of goods sold Operating expense Interest expense Income taxes Net income $8,000,000 (4.000.000) (2,900,000) (150,000) (380,000) $570,000 Based on the information for K. Jackson Corporation, the current and acid-test ratios are, respectively. OA2.37 and 1.39. OB2 37 and 1.27 OC2 18 and 1.39 OD.2 18 and 1.27 OE None of the above.
Revenues Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Total expenses Net income Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Other Total current liabilities Bonds payable Total liabilities Year 2 $219,100 Total liabilities and stockholders' equity 124, 400 19,700 10,000 1,700 20, 100 175,900 $ 43,200 $ 38,500 15,800 54,300 64,300 118,600 Stockholders' equity Common stock (43,000 shares) Retained earnings Total stockholders' equity 159,000 $277,600 $ 4,800 $ 7,200 2,800 2,800 36,600 31, 100 101,600 94, 100 3,900 2,900 149,700 138, 100 106,400 106,400 21,500 0 $277,600 $244,500 Year 1 $182,800 114,900 44, 100 101, 100 17,700 9,000 1,700 16,900 146,400 $36,400 $ 34,200 16, 200 50,400 65,300 115,700 114,900…
Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Sales Current assets: Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 % % % % % % Year 2 % % % % % % Year 3 % % % % % % Year 4 % % % % % Year 5 % % % % %
EAST COAST YACHTS 2020 Income Statement Sales Cost of goods sold Selling, general, and administrative Depreciation EBIT Interest expense EBT Taxes (25%) Net income Dividends Retained earnings $550,424,000 397,185,000 65,778,000 17,963,000 $ 69,498,000 9,900,000 $ 59,598,000 14,899,500 $ 44,698,500 $ 19,374,500 25,324,000 Current assets Cash and equivalents Accounts receivable Inventory Other Total current assets Fixed assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Intangible assets and others Total fixed assets Total assets EAST COAST YACHTS 2020 Balance Sheet $ 10,107,000 16,813,300 18,135,700 1,054,900 $ 46,110,900 $412,032,000 (102,452,000) $309,580,000 6,772,000 $316,352,000 $362,462,900 Current liabilities Accounts payable Accrued expenses Total current liabilities Long-term debt Total long-term liabilities Stockholders' equity Preferred stock Common stock Capital surplus Accumulated retained earnings Less treasury stock…
Liquidity Ratio Current Ratio Quick Ratio Leverage Ratio Debt to Total Assets Ratio Debt Equity Ratio Long-Term Debt to Equity Times Interest Earned Ratio Activity Ratios Inventory Turnover Fixed Assets Turnover Total Assets Turnover Accounts Receivable Turnover Average Collection Period Profitability Ratios Gross Profit Margin Operating Profit Margin Net Profit Margin Return on Total Assets (ROA) Return on Stockholder's Equity (ROE) Earnings Per Share (EPS) Price Earnings Ratio Please provide the numbers for the ratios.
Financial statements of Rukavina Corporation follow: Comparative Balance Sheet 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 Income Statement Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income Income taxes Net income $ 560 392 BERSA 168 112 $ 39 Ending Beginning Balance Balance $ 30 51 42 426 213 $336 $ 83 216 85 (48) $ 336 $ 35 56 43 400 200 $ 334 $ 69 260 84 (79) $ 334 Cash dividends were $8. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows. The net cash provided by (used in) operating activities for the year was: