cesRequired:Compute the following three ratios for The Home Depot's year ended January 30, 2022:i. fixed asset turnover,ii. days to sell, andiii. debt-to-assets.To calculate the ratios, use the Fiscal 2021 financial statements of The Home Depot in Appendix A. (Note: Fiscal 2021 for The HomeDepot ran from February 1, 2021, to January 30, 2022. As with many retail companies, The Home Depot labels the period "Fiscal 2021"even though it ended in the 2022 calendar year. The label "Fiscal 2021" is appropriate because Fiscal 2021 includes 11 months fromthe 2021 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.)Note: Use 365 days in a year. Round intermediate calculations to 1 decimal place. Round fixed asset turnover and debt-to-assetsfinal ratios to 2 decimal places. Round days to sell ratio to 1 decimal place.O 6.06; 70.2; 1.02O2.10; 4.5; 1.05O 1.87; 44.1; 1.01© 2.10; 70.2; 1.01

Here's a detailed explanation for better understanding. 1. Fixed Asset TurnoverFormula: Fixed Asset…

Answered: ces Required: Compute the following…

Cornerstones of Financial Accounting

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Chapter12: Fainancial Statement Analysis

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Problem 63BE: Asset Efficiency Ratios Rumsford Inc.s financial statements for 2019 indicate the following account...

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Required: Compute the following three ratios for The Home Depot's year ended January 30, 2022: fixed asset turnover, days to sell, and debt-to-assets. To calculate the ratios, use the Fiscal 2021 financial statements of The Home Depot in Appendix A. (Note: Fiscal 2021 for The Home Depot ran from February 1, 2021, to January 30, 2022. As with many retail companies, The Home Depot labels the period "Fiscal 2021” even though it ended in the 2022 calendar year. The label “Fiscal 2021" is appropriate because Fiscal 2021 includes 11 months from the 2021 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.) Note: Use 365 days in a year. Round intermediate calculations to 1 decimal place. Round fixed asset turnover and debt-to-assets final ratios to 2 decimal places. Round days to sell ratio to 1 decimal place. multiple choice 6.06; 70.2; 1.02 2.10; 4.5; 1.05 1.87; 44.1; 1.01 2.10; 70.2; 1.01
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The current ratio including transaction c. is The debt ratio including transaction c is screenshots attached thank you
Byrd Company had the following transactions during 2019 and 2020: 1. Prepare the journal entries for Byrd for both 2019 and 2020. Assume that the net price method is used to account for the credit terms. 2. Show how the preceding items would be reported in the current liabilities section of Byrd’s December 31, 2019, balance sheet. 3. Next Level Assuming Byrd’s current assets were $1,200,000 and its current ratio was 2.4 at the end of 2018, compute the current ratio at the end of 2019 (based solely on the effects of the preceding transactions).
The following is a partial listing of accounts for XYZ, Inc., for the year ended December 31, 2020. Required: Prepare multiple step income statement for the year of 2020. Finished Goods Current Maturities of Long-Term Debt Accumulated Depreciation Accounts Receivable $ 38,872 2,515 19,960 Sales Revenue 6,273 127,260 Treasury Stock 251 Prepaid Expenses 2,199 Deferred Taxes (long-term liability) 8,506 Interest Expense 2,410 Allowance for Doubtful Accounts 915 Retained Earnings 18,951 Raw Materials 9,576 Accounts Payable 19,021 Cash and Cash Equivalents 8,527 Sales Salaries Expense 872 Cost of Goods Sold 82,471 Investment in Unconsolidated 3,559 Subsidiaries Income Taxes Payable 8,356 Work In Process 1,984 Additional Paid-In Capital 9,614 Equipment 41,905 Long-Term Debt 15,258 Rent Income 2,468 Common Stock 3,895 Notes Payable (short-term) 6,156 Income Tax Expense 2,461
May I ask for an explanation and solution to the question for a better understanding. Thank you! 12. What is Sculler's current ratio at December 31, 2021? a. 2.220 to 1 b. 2.286 to 1 c. 3.250 to 1 d. 3.420 to 1
Examine the followingselected financial information for The Deal Corporation and Simple Stores, Inc., as of theend of their fiscal years ending in 2018:1. Complete the table, calculating all the requested information for the two companies. Useyear-end figures in place of averages where needed for the purpose of calculating the ratiosin this exercise. 2. Evaluate each company’s long-term debt-paying ability (strong, medium, weak)
N1. Account Calculate the following ratios for Lake of Egypt Marina, Inc. as of year-end 2021. (Use sales when computing the inventory turnover and use total stockholders' equity when computing the equity multiplier. Round your answers to 2 decimal places. Use 365 days a year.)
Following information is available for Nick Company for the year ended 2020: Additional information: Amount for accounts receivable (net) at the end of 2019 was $57,000. The inventory as of 01st of January 2020 is calculated as $22,000. Required: Calculation of the following for the year ended 2020: a) Working capital b) Quick ratio c) Inventory turnover ratio. d) Accounts receivable turnover ratio and number of days in the collection assuming 366 days a year.
Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Prepare the 2021 combined common-size, common-base year balance sheet for Just Dew It. (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., 32.1616.)
The following information (in $ millions) comes from the Annual Report of Saratoga Springs Company for the year ending 12/31/2024: Year ended 12/31/2024 $ 8,139 4,957 2,099 Net sales Cost of goods sold Selling and administrative expense Interest expense Income before taxes Net income Cash and cash equivalents Receivables, net Inventories Land, buildings and equipment at cost, net Total assets Total current liabilities Long-term debt Total liabilities Total stockholders' equity 606 477 648 Profit margin on sales 12/31/2024 $ 1,165 1,200. 1,245 13,690 $ 17,300 $ 5,937 5,781 $ 11,718 $5,582 Required: Compute the profit margin on sales for 2024. Note: Round your answer to 1 decimal place, e.g., 0.1234 as 12.3%. 12/31/2023 $ 83 854 709 4,034 $ 5,680 $ 2,399 2,411 $ 4,810 $ 870
The 2025 Annual Report of Windsor International contains the following information: (in millions) Total assets Total liabilities Net sales Net income (a) (b) June 29, 2025 $1,399 1,106 2,961 Compute the following ratios for Windsor International for 2025: (c) 132 June 27, 2024 $1,487 1,108 2,941 140 Asset turnover ratio. (Round answer to 3 decimal places, e.g. 0.851 times.) Rate of return on assets. (Round answer to 2 decimal places, e.g. 4.87.) Profit margin on sales. (Round answer to 2 decimal places, e.g. 4.87.) times % %

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