Crystal Oil has $9 million in accounts payable, $1.8 in saleries and taxes payable, and $10.4 in other current liabilities. If Crystal Oil had a cost of sales of $54 million and selling, general, and admisitrative expenses of $18 million, what is the length of its payables deferal period? *show work* A) 10.47 days B) 73.02 days C) 54.75 days D) 45.63

Q: Muffin’s Masonry, Inc.’s, balance sheet lists net fixed assets as $26 million. The fixed assets…

A: The book value of assets is the value of assets in the Balance Sheet of the firm. The market value…

Q: Groff Incorporated, has sales of $51,500, costs of $23,600, depreciation expense of $2,400, and…

A: The focus of operating cash flows is on financial inflows and outflows associated with a company's…

Q: Martinez Industries had the following operating results for 2021: Sales = $34,318; Cost of goods…

A: Step 1: Given DataSales = $34,318Cost of goods sold = $24,212Depreciation expense = $5,997Interest…

Q: Crystal Oil has $9 million in accounts payable, $1.8 million in salaries and taxes payable, and…

A: Payables deferral period of a company, is nothing but the average time period taken to pay the…

Q: Need Help about this Question

A: Given information, Net income = $15,985Tax rate = 35% or 0.35Interest expense = $3,886Depreciation…

Q: Whipporwill, Incorporated's, net income for the most recent year was $16,802. The tax rate was 21…

A: Solution:Cash coverage ratio means the ability of the firm to pay interest expense from its income…

Q: The financial statements of Minnesota Mining and Manufacturing Company (3M) report net sales of…

A: Accounts receivable turnover is an efficiency ratio or activity ratio that measures how many times a…

Q: Bronze, Inc has sales of $58,200, costs of $25,300, depreciation expense of $3,100, and interest…

A: Operating Cash Flows  = Earning before interest & tax + Depreciation - Taxes

Q: Vinny's Overhead Construction had free cash flow during 2021 of $27.9 million. The change in gross…

A: An income statement is a financial document that outlines a company's revenues, expenses, and…

Q: The annual operating and maintenance (O&M) expenses of a company are $195,000 at EOY1 decreasing by…

A: Future equivalent can be calculated by using this equation Future equivalent =Annual cost(1+Interest…

Q: Muffin’s Masonry, Inc.’s balance sheet lists net fixed assets as $26 million. The fixed assets could…

A: Given the following information: Net fixed assets: $26,000,000 The fixed assets could currently be…

Q: Nighthawk Steel, a manufacturer of specialized tools, has $4,980,000 in assets. Temporary current…

A: Long-Term Financing:Long-term financing refers to obtaining capital or funding for business purposes…

Q: Vikram bhai

A: The objective of the question is to calculate the earnings after taxes for Nighthawk Steel given the…

Q: Company XYZ, Inc. reported a total sales revenue of P15,000,000 of which 20% pertains to the cost of…

A: Interest Coverage Ratio (ICR) is defined as the debt and profitability ratio used to determine how…

Q: Solve the following: The financial statements of Iowa Mining and Manufacturing Company (3M) report…

A: The accounts receivable turnover ratio is an accounting calculation used to measure how effectively…

Q: A firm has $820 in inventory, $3,200 in fixed assets, $670 in accounts receivable, $390 in accounts…

A: Inventory is $820 Fixed Assets is $3,200 Accounts Receivables are $670 Accounts payables are $390…

Q: The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values…

A: The working capital of the company refers to its liquidity needs to operate its day-to-day…

Q: A firm has the following information: $2 million in earningsbefore taxes. The firm has an interest…

A: Earnings before interest, depreciation and taxes are the operating income earned by the company…

Q: Colter Steel has $5,300,000 in assets. Temporary current assets $ 2,600,000 Permanent current…

A: The earnings after taxes or the net income represent the company's profitability. It takes into…

Q: The Weymire Corporation provides you with the following information for the year ended 12/3120:…

A: Cash Flow A/c

Q: Martinez Industries had the following operating results for 2021: Sales = $33,409; Cost of goods…

A: Net income is the amount which is left over after subtracting all the cost from the revenue. It is…

Q: Constantine Corporation has net income of P11.44 million and net revenue of P80 million in 2012. Its…

A: Average total assets = Beginning total assets + Ending total…

Q: es Nighthawk Steel, a manufacturer of specialized tools, has $5,450,000 in assets. Temporary current…

A: The earnings after taxes is used by the company to determine the actual profitability.Given in the…

Q: Nighthawk Steel, a manufacturer of specialized tools, has $4,200,000 in assets. Temporary current…

A: Answer:- Earnings after Taxes: It is a measure of net profitability for the company. Higher the…

Q: FVA Inc.'s net income for the most recent year was $41,445. The tax rate was 25 percent. The firm…

A: Net income -$41,445Tax rate = 25%Interest Expense = $10,440Depreciation Expense =…

Q: Oak Ltd has operating profit for the year ended 30 June 2021 of £20,900, after charging depreciation…

A: Items which are added back to [or subtracted from, as appropriate] the net income figure (which is…

Q: Harriett Industries has $7.5 billion in total assets. The company’s basic earning power (BEP) ratio…

A: EBITDA Coverage Ratio = EBITDA + Lease Payment/ ( Lease Payment +Principal Payment of Debt +…

Q: Peterson Packaging Corp. has $9 billion in total assets. The company's basic earning power (BEP)…

A: BEP ratio =9% Total assets =$9 billion  Time earned ratio =3

Q: Operating cash flow. Find the operating cash flow for the year for Robinson and Sons if it had sales…

A: Operating cash flow indicates the cash flow of the business by operating activities. So it excludes…

Q: Doris company has the following information for the year March 2021: selling, general and admin…

A: Operating income is computed to identify the amount of profit that an organisation earned after…

Q: The following are the financial information of Kerung company: NOPAT…

A: Formula: Economic value added (EVA) = Net operating profit after tax - Total invested capital x WACC…

Q: USA Inc. had gross sales of $925,000. The cost of goods sold and selling expenses were $490,00 and…

A: Net income refers to the actual earnings of the company after adjustment of all the related…

Q: Muffin's Masonry, Inc.'s, balance sheet lists net fixed assets as $24 million. The fixed assets…

A: Book value refers to the amount that assets are valued at when they are recorded in a company's…

Q: Nighthawk Steel, a manufacturer of specialized tools, H

A: Earnings after taxes is the amount of net earnings earned by an organization after deducting the…

Q: For the past year, Momsen Limited had sales of $47362, interest expense of $4,566, cost of goods…

A: Net income is the amount of money earned by the entity after deducting all the expenses from the…

Q: Free Inc. has after tax operating income of $100 million. It is depreciation is $20million. The…

A: After ta Operating income of $100million Depriciation is $20million Capital expenditure is…

Q: Foraker Inc. has sales of $46,200, costs of $23,100, depreciation expense of $2200, and interest…

A: Sales = $46,200 Costs = $23,100 Depreciation = $2,200 Interest expense = $1700 Tax rate = 22%

Operating Cash Flows

A cash flow statement (CFS) helps the company to know the amount of cash at its disposal, the activities that lead to earning cash, and the activities which require cash expenditure for a particular period. The statement represents the liquidity of the company.