inventory turnovermine the effect of theerve on current ratio.PE6-11 Deere & Company is a global manufacturer and distributor of agricultural, con-struction, and forestry equipment. Suppose it reported the following information in its2014 annual report.Exercises(in millions)20142013Inventories (LIFO)$ 2,39730,85712,7531,36716,255$3,042Current assetsCurrent liabilitiesLIFO reserveCost of goods soldInstructions(a) Compute Deere's inventory turnover and days in inventory for 2014.(b) Compute Deere's current ratio using the 2014 data as presented, and then again afteradjusting for the LIFO reserve.

The ratios are calculated by the companies to make the financial analysis. It tells about the…

Ene the effect of the e on current ratio. E6-11 Deere & Company is a global manufacturer and distributor of agricultural, con- struction, and forestry equipment. Suppose it reported the following information in its 2014 annual report. Exercis (in millions) 2014 2013 Inventories (LIFO) Current assets Current liabilities LIFO reserve $ 2,397 30,857 12,753 1,367 16,255 $3,042 Cost of goods sold Instructions (a) Compute Deere's inventory turnover and days in inventory for 2014. (b) Compute Deere's current ratio using the 2014 data as presented, and then again after adiusting for the I IEO

Ene the effect of the e on current ratio. E6-11 Deere & Company is a global manufacturer and distributor of agricultural, con- struction, and forestry equipment. Suppose it reported the following information in its 2014 annual report. Exercis (in millions) 2014 2013 Inventories (LIFO) Current assets Current liabilities LIFO reserve $ 2,397 30,857 12,753 1,367 16,255 $3,042 Cost of goods sold Instructions (a) Compute Deere's inventory turnover and days in inventory for 2014. (b) Compute Deere's current ratio using the 2014 data as presented, and then again after adiusting for the I IEO

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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Amount ($)e Description Year 2014 Cost of goods sold 300,000- Cash 35,000- Depreciation 65,000- Interest expense 15,000 Selling and administrative expenses 55,000- Accounts payable 60,000 Net fixed assets 325,000- Sales 500,000 Account receivable 30,000- Notes payable 25,000 Long-term debt 145,000- Inventory 60,000- Equity (at the beginning of 2014) 197,250- Additional information Tax rate 30% Dividends payout 50%- 1. What is the net income after tax for 2014? 2. What is the total dividends paid by the company in 2014?H 3. What is the total retained earnings for 2014?<' 4. What is the return on equity for 2014? 5. What is the debt to equity ratio for 2014?
Tools For All (TFA) is a global supplier of tools and related accessories. The following data were taken from the company’s 2018 annual report. Dollar amounts are in millions. Fiscal Years Ending December 31, 2018 December 31, 2017 Current assets $4,547.8 $4,500.0 Current liabilities 4,091.2 4,389.9 Total assets 19,744.0 19,506.9 Total liabilities 11,170.4 10,423.5 Required a. Compute TFA’s current ratios for 2018 and 2017. (Round your answers to 2 decimal places.) b. Compute TFA’s debt-to-assets ratios for 2018 and 2017. (Round your answers to 2 decimal places.) c. Based on the ratios computed in Requirements a and b, did TFA’s liquidity get better or worse from 2017 to 2018? d. Based on the ratios computed in Requirements a and b, did TFA’s solvency get better or worse from 2017 to 2018?
May I ask for an explanation and solution to the question for a better understanding. Thank you! The times interest earned ratio is: a. 2.8 to 1 b. 4.8 to 1 c. 8.0 to 1 d. 9.0 to 1
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Problem 5: Data for Kalachuchi Trading Company are given below: 2014 192,375 2015 Current Assets 265,500 Property, Plant, and Equipment Other Assets Total Assets 937,508 152,618 1,282,500 967,500 159,750 1,392,750 Liabilities Total Current Liabilities 220,590 225,450 Long term Debt Owner's Capital Total Liabilities and Owner's equity 491,198 460,250 570,713 1,282,500 706,950 1,392,750 Requirements: a. Prepare a common-size Statement of Financial Position for 2014 and 2013 for Kalachuchi Trading Company. b. Prepare a horizontal analysis for Kalachuchi Trading Company.
ABC Inc. is a Corporation with a focus on Garment and textile manufacturing in the UAE. They are now looking to finance their new project, are looking for a bank to give them a loan. Calculate the following ratios for both 2018 and 2019, interpret and analyze them: Days Sales in Inventory Average Collection Period
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