Calculate the ratios  below. Round answers to two decimal places.      Average inventory $ 6,000 Average total assets 80,000 Cost of goods sold 21,000 Income taxes expense 3,600 Interest expense 2,000 Net income 4,800 Net sales 40,000 Market price, December 31, on 2,000 shares $36 / share   A. Return on assets   C. Inventory turnover B. Price/earnings (P/E) ratio   D. Interest coverage ratio

Q: Determining Gross Profit During the current year, merchandise is sold for $11,750,000. The cost of…

A: a. Calculate gross profit: Gross profit = Sales - Cost of goods sold Gross profit = $11,750,000 -…

Q: Revenue Gross profit Inventory Trade receivables Trade payables Cash Short-term investments Other…

A: Activity ratios, like inventory turnover and accounts receivable turnover, measure how efficiently a…

Q: Given the following information, compute the current and quick ratios:   Cash $ 90,000 Accounts…

A: Liquidity ratios: Liquidity means that the ability of the business to pay its short term liabilities…

Q: What is the Days Payables Outstanding? Use the attached financial data to calculate the ratios.…

A: DAYS PAYABLE OUTSTANDING Days Payable Outstanding is the ratio between Average Accounts Payable…

Q: Using these data from the comparative balance sheet of Wildhorse Co., perform vertical analysis.…

A: Vertical analysis is a technique of evaluating financial statements in which each individual item is…

Q: The following items are reported on a company's balance sheet: Cash $450,900 Marketable securities…

A: Current ratio is the ratio of financial measure which shows the ability of a company to pay its…

Q: Working capital Current ratio Quick ratio

A: "As per bartleby guidelines we will solve the first three question for you. If you want any specific…

Q: Using these data from the comparative balance sheets of Concord Company, perform a vertical…

A: The balance sheet is one of the important financial statements of the business. The vertical…

Q: Using the following selected items from the comparative statements of financial position of…

A: Horizontal Analysis: It implies an analysis of company's financial statements by drawing a…

Q: Based on the information given in picture #1, complete the following ratios for the last TWO  years…

A: Ratio - It is the comparison between two or more financial parameter to each other for analyzing the…

Q: Please complete the balance sheet using the ratios that have been provided below.

A: Information Provided: Sales = $4,000,000 Gross profit margin = 25% Days sales outstanding = 45 days…

Q: Given the following information, compute the current and quick ratios:   Cash $ 90,000 Accounts…

A: Current ratio and Quick ratio measure the liquidity of the company.Current Ratio = Current Assets /…

Q: a. Compute the current ratio for the current year. (Abbreviations used: STI = Short-term…

A: *Since you have posted multiple sub parts at a time. As per guidelines I can solve only first three…

Q: Determine amounts a, b, and c. Additional information follows: ∙ Return on total assets is 16%…

A: Return on Total Assets  = Net income/Average total assets Inventory turnover = Cost of goods…

Q: Inventory 6,480 Common stock 44,920 Cash 16,500 Operating expenses 1,340 Short-term notes payable…

A: The assets, liabilities and stockholders' equity are included in the balance sheet of the company.

Q: Selected XYZ financials (in dollars) Gross income 25,240,000 24,324,000 18,785,000 2,975,000…

A: Inventory turnover ratio = Cost of goods sold/Average inventory     Cost of goods sold = 12,600,000…

Q: Here is the income statement for Crane, Inc. Crane, Inc. Income Statement For the Year Ended…

A: The ratio is the technique used by the prospective investor or an individual or strategist to read…

Q: Number of days sales in receivables 7. number of days sale in inventory  12. return on total asset

A: As per company policy, only 3 subparts can be done.

Q: Using the income statement information for Omega Corporation that follows, prepare a vertical…

A: Formula: Gross profit = sales - cost of goods sold.

Q: a. Prepare an income statement in comparative form, stating each item for both years as a percent of…

A: Vertical income statement is one of the financial statement of business. This shows each item as…

Q: Using these data from the comparative balance sheets of Bonita Company, perform a vertical analysis.…

A: Percentage = Asset/Total assets

Q: Using these data from the comparative balance sheet of Sunland Company, perform vertical analysis.…

A: Vertical Analysis:

Q: Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative…

A: Under common size income statement every component of income statement is presented as a % of sales.