Consider the following financial statement information for the Newk Corporation: Item Beginning Ending Inventory S 12,435 S 15,615 Accounts receivable 6,120 6,287 Accounts payable 7,930 9,140 Credit sales $ 143,187 Cost of goods sold 79,218 Calculate the operating and cash cycles. (Us 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Operating cycle 80.87selected answer correct Cash cycle days 40.64selected answer incorrect days
Consider the following financial statement information for the Newk Corporation: Item Beginning Ending Inventory S 12,435 S 15,615 Accounts receivable 6,120 6,287 Accounts payable 7,930 9,140 Credit sales $ 143,187 Cost of goods sold 79,218 Calculate the operating and cash cycles. (Us 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Operating cycle 80.87selected answer correct Cash cycle days 40.64selected answer incorrect days
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Financial Ratios
A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.
Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
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