Compute for the ratio that measures how quickly Nezuko Inc. inventory converted into sales Nezuko Inc.Statement of Financial PositionFor the Year Ended 2020(Expressed in $ millions)AssetsCash90.00Accounts Receivable162.00Inventory378.00Other current assets13.50$ 643.50Tatal current assetsGrass plant and equipmentLess: Accumulated DepreciationNet plant and equipmentTotal Assets1,845.00(517.50)Ŝ 1,327.50$ 1.971.00Liabilities and Owner's Equity$ 189.00Accounts PayableAccrued expenses45.00Shart-term loans54.00$ 288.00771.751.059.75Tatal current liabilitiesLang-term debtTotal LiabilitiesCommon stackholders' equityCommon stack - par valuePaid in capitalRetained earningsTotal common stockholders' equity45.00324.00542.25911.25Total liabilities and stockholders' equityŜ 1971.00 Nezuko Inc.Statement of Comprehensive IncomeFor the Year Ended December 31, 2020(Expressed in millions,except per share data)2,700.00(2,025.00)675.00SalesCost of goods soldGross profitsOperating expenses:Selling expensesGeneral and administrative expenses$ (90.00)(67.50)(135.00)Depreciation and amortization expenseTotal operating expenseNet operating income (EBIT or earnings before interest and taxes)Interest expenseEarnings before taxes(292.50)382.50(67.50)315.00(110.25)204.75Income taxesNet IncomeAdditional Information:Dividends paid to stockholders during 2020Number of common shares outstanding45.0090.00Earnings per share (EPS)Dividends per share2.280.50%24

Introduction:- Inventory Conversion Period shows how much time it takes to convert the inventory…

Answered: Compute for the ratio that measures how…

Business

Accounting

Compute for the ratio that measures how quickly Nezuko Inc. inventory converted into sales

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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