Bobby's inventory turnover ratio is 17.58 based on sales of $22,500,000. The firm's current ratio equals 9.47 with current liabilities equal to $380,000. If the firm's cash and marketable securities equal $672,434, what is the firm's days sales outstanding? a. 58.38 b. 47.47 c. 26.71 d. 37.62 financial accounting problem

Bobby's inventory turnover ratio is 17.58 based on sales of $22,500,000. The firm's current ratio equals 9.47 with current liabilities equal to $380,000. If the firm's cash and marketable securities equal $672,434, what is the firm's days sales outstanding? a. 58.38 b. 47.47 c. 26.71 d. 37.62 financial accounting problem

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 4PA: Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall...

See similar textbooks

Similar questions

Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was 82.60 on December 31, 20Y2. Instructions Determine the following measures for 20Y2 (round to one decimal place, including percentages, except for per-share amounts): 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days sales in receivables 6. Inventory turnover 7. Number of days sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. Return on stockholders equity 14. Return on common stockholders equity 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield
?? Financial accounting
Accounting Problem 4.8.14: Berlin's TVs has current liabilities of $26.7 million. Cash makes up 41 percent of the current assets and accounts receivable make up another 13 percent of current assets. Berlin's current ratio = 1.06 times. What is the value of inventory listed on the firm's balance sheet?
Accounting
Question 1 ABC Corporation has a debt/equity ratio of 0.4, total debt of $400,000, sales of $50,000, cost of goods sold of $30,000, inventory of $10,000, and account receivable of $20,000. It is known that all sales are credit sales. a) What is the value of the total assets in ABC Corporation? b) Calculate the inventory turnover and thus the days' sales in inventory.
What is the company's return on equity on these financial accounting question?
I need this question answer General Accounting
Need Help with this Question please provide solution
Accounting Problem 14
Solve this accounting question
Solve this general accounting problem
Please provide correct answer this financial accounting question