Help BOBBY'S INVENTORY TURNOVER RATIO IS 17.58 BASED ONSALES OF $22,500,000. THE FIRM'S CURRENT RATIOEQUALS 9.47 WITH CURRENT LIABILITIES EQUAL TO$380,000.IF THE FIRM'S CASH AND MARKETABLESECURITIES EQUAL $672,434, WHAT IS THE FIRM'S DAYSSALES OUTSTANDING?A. 58.38B. 47.47C. 26.71D. 37.62

We use the formula:DSO = Accounts Receivable / Sales per DayStep 1: Find Current AssetsWe are given…

Answered: BOBBY'S INVENTORY TURNOVER RATIO IS…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 4PB

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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
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, rounding 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
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Problem of general accounting
General Accounting
What is the value of inventory listed on the firm's balance sheet??
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What is the inventory turnover ratio for ABC Corp. if cost of goods sold equals $5,000, current ratio equals 3, quick ratio equals 1.5, and the firm has $1,800 in current assets? A. 2.78 times B. 4.17 times C. 5.56 times D. 8.33 times
?
I want to this question answer general Accounting
Taft Technologies has the following relationships: Annual sales 1,200,000.00 Current liabilities 375,000.00 Days sales outstanding (DSO) (365-day year) 40 Inventory turnover ratio 4.8 Current ratio 1.2 The company’s current assets consist of cash, inventories, and accounts receivable. How much cash does Taft have on its balance sheet?

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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