Calculate Net purchase from the following? Opening stock OMR 10000, Purchases OMR 16000, return outwards OMR 2000 and Purchase discounts OMR 1000, Return inwards 1000. a. OMR 12000 b. OMR 11000 c. OMR 13000 d. OMR 10000

Q: Given the following data; TOTAL PURCHASES 150000 CASH PURCHASES 45000 PURCHASE RETURN S000 OPENING…

A: Creditors turnover ratio = net credit purchase * 2 / (Opening creditors  + Closing creditors)

Q: Find the liquidity ratios (current ratios, acid-test ratio, average collection period, accounts…

A: Ratio analysis is referred to as an quantitative method for gaining an insight into the liquidity,…

Q: Complete the following table by finding the net price factor, single equivalent discount, trade…

A: Given that list price is = $7800 The trade discount  rate is  = 15/4/4 Net price factor =     0.85 ×…

Q: Use the financial statements of Helfer Sports Inc. to find the information below for Helfer, (Use…

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

Q: Calculate Earning Per Share You remember that the New York Bakery retired 224,812 shares in 2021.…

A: Return on stockholder's equity (ROE) is a financial measure that shows percentage of return owners…

Q: Question 2 Selected ratios of Company X are shown below: Inventory turnover Days' sales uncollected…

A: Ans. In general the performance of Company X is not good in 2021 when compared to its performance in…

Q: A triel balance has total debits of $27000 and total credits of $35000 Which one of the following…

A: The trial balance is prepared to record the final balance of ledger accounts as debit and credit.

Q: Using the numbers provided below, calculate the Inventory Turnover Ratio. The inventory turnover…

A: Lets understand the basics.Inventory turnover ratio indicates that how many time inventory gets…

Q: Defining Chapter Terms Terms and phrases relating to concepts discussed in this chapter along with…

A: Key Inventory terms and phrases Description of terms and phrases 1. Net realizable value h.…

Q: The following are financial statements of AR Sdn Bhd. AR Sdn Bhd Income Statement for the vear ended…

A: Ratio is the relationship between two terms which is expressed in arithmatical term.  It can be…

Q: Cullumber Company reported the following information for 2020: Sales revenue Cost of goods sold…

A: A comprehensive income statement is a statement that is an extension of the income statement and…

Q: The following information was extracted from the financial statements of Dollarama Ltd: Summarised…

A: Accounts receivable collection period in days :—  It is the average days required for the customer…

Q: Euro in purchases Aldi Company. The statement of financial position of Aldi Company as of December…

A: Date Account title  Debit   Credit  31 December 2021 Land  BD210,000      Machinery  BD52,500…

Q: Need answer

A: The question is asking for the amount to be included in inventory according to the "lower of cost or…

Q: Compute total income from the following? Net Sales OMR 50000, Cost of goods sold OMR 20000, Dividend…

A: Gross profit = Net Sales - Cost of goods sold = 50000-20000 = OMR 30000

Q: How do I calculate: Sales per day

A: sales per day:- Amount of sales  6900600   6126796   3432000 Days per year        365            365…

Q: Stockholder's Equity: Paid-In Capital: Preferred Stock 5%, $4 par (8000 shares authorized, 6000…

A: Cash Dividends - Cash dividend is a payment made by a company out of its earnings to investors in…

Q: Calculate the liquidity- Cash ratio                                             -Quick ratio…

A: Current ratio is a financial metric that tells about the short term liquidity position of a company…

Q: Calculate DOL, DOF, and DOT for both years. ANSWER   2020 2021

A: The following formulas are used to calculate various types of leverages:- 1. DOL=Sales-Variable…

Q: The following is the balance sheet and income statement for Metro Eagle Outfitters, in condensed…

A: The question is related to Ratio Analysis. The required ratios are calculated with the help of…

Q: Office Depot Balance Sheet Assets Current assets: Cash and cash equivalents Short-term investments…

A: Ratio Analysis -The ratio is the technique used by the prospective investor or an individual or…

Q: High Step Shoes had annual revenues of $197,000, expenses of $109,700, and dividends of $22,800…

A: A journal entry is used to record a commercial transaction in the accounting records of a…

Q: Times Interest Earned 2. Inventory Turnover 3. Return on Equity (ROE) 4. Market-to-Book Ratio

A: Times Interest Earned Ratio - It shows the company's ability to pay its interest expenses.  Formula=…

Q: Applying the lower of cost or market to each item of inventory, what should the total inventory…

A: The objective of the question is to calculate the total inventory value by applying the lower of…

Q: Example: Calculate quick/liquid ration from the following: RO 400,000 RO 160,000 RO 80,000 RO…

A: The quick ratio is the financial ratio that measures the ability of the company to pay off its…

Q: How do you get the inventory for a future date in perpetual inventory FIFO METHOD

A: FIFO (first-in,first-out) Method under perpetual inventory system: It is the method in which the…

Q: In the income statement restated to current cost, what the inventory sold for the current year? 3.…

A: Dear student, as per bartleby guidelines we are supposed to answer only first 3 subparts. Kindly…

Q: (b) Briefly comment upon the changes between March 31, 2021 and March 31, 2022 in respect of the…

A: (Assumption - it is assumed that there no any Cash balance at the end of Year 2021 and Year 2022)…

Q: Complete the following table by finding the net price factor, single equivalent discount, trade…

A: The net price is the price that has to be paid or received and that compute after subtracting the…

Q: Compute the inventory turnover. (4) Inventory Turnover Choose Numerator: Choose Denominator:…

A: Inventory Turnover =COGS/Average Inventory Inventory Turnover is Ratio that measure how many times…

Q: ncome Seme Stotementof Cono Ever

A: The inventory valuation can be performed using various methods as LIFO, FIFO and weighted average…

Q: 31. Retained earnings balance is: 32. Accounts payable amounts to: 33. Inventories amount to: 34.…

A: Gross income is the income which has been earned by the company when the cost of goods sold which…

Q: calculate these g)   Inventory turnover      times (h)   Days in inventory      days (i)   Times…

A: g) For the year 2017

Q: l and compute ebitda

A: We need to compute EBITDA multiple for 2017 and 2018

Q: Which of the following is correct for net purchases ? Select one: O a. Opening inventory + purchases…

A: Purchases refer to the business activity of procurement goods (either finished or raw materials) or…

Q: Can you Help me figure out the formulas and numbers if you can (provide working notes) I need help…

A: Working note .1 Computation of income before tax ,Net Income ,EPS. Tax=$8,00,000 Tax Rate=20% Income…

Q: How to calculate gross profit percentage will be mItaned

A: A fundamental financial indicator known as gross profit, also known as gross income or gross margin,…

Q: Compute total income from the following? Gross Profit OMR 10000, Rent Paid OMR 1000, Commission…

A: Formula: Total income = Gross profit - Rent paid + Commission received + Dividend received

Q: Please choose correct letter of answer and provide a solution Determine the level of current…

A: Given, Inventory turnover ratio = 5 So, Cost of goods soldAverage inventory=5P5000Average…