Find the following using the data bellow a. Accounts receivable B. Current assets C. Total assets D. Return on assetsE. Common equityF. Quick ratio Current Assets :Cash and EquivalentsAccounts ReceivableInventoryFixed (Long-term) Assets100,000,000283,500,0001,000,000,00050,000,000105,500,00020,000,0003.0040.5515 daysSalesNet IncomeCurrent LiabilitiesNotes PayableCurrent RatioDays Sales Outstanding (DSO) Ratio(DSO based on 365 days year)Return on Common Equity (ROE)12.00 %

"Since you have posted a question with multiple sub parts, we will solve first three sub parts for…

Answered: Find the following using the data…

Business

Accounting

Find the following using the data bellow a. Accounts receivable B. Current assets C. Total assets

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Please calculate the all ratios of companies - Profitability ratios(Profit margin, Return on assets…

A: Since, we answer only up-to three sub-parts, we shall answer first three. Please resubmit a new…

Q: tio C. Interest Coverage Ratio D. All are correct

A: Long term solvency is the capacity of the business to meet long term debt obligations

Q: Explain and provide examples for what is measured on a balance sheet.

A: Answer: Balance sheet is one of part of financial statements that represent the statement of net…

Q: it of What is considered a summary of profit or loss? Select one: a. Retained earnings b.…

A: The correct answer to the question is "C. Income Statement"Income statement is considered as summary…

Q: Explain the components of income statement, Owners equity Statement and Balance sheet statement?

A: Income Statement: It is a financial statement prepared by a company at the end of a financial…

Q: A measure of a company's liquidity is: Multiple Choice Total assets divided by total equity. The…

A: A company’s liquidity refers to its ability to meet its short-term financial obligations and convert…

Q: Dividing quick assets by current liabilities is the calculation for the a.ratio of liabilities to…

A: Ratio analysis is a method of measuring the financial position of the organization with different…

Q: Which of the following are the three components of an organization's strategic planning? Financial…

A: The balance sheet is an image or picture of the company's financial position, performance, and…

Q: When using vertical analysis, we express income statement accounts as a percentage of a. Net income.…

A: Vertical analysis is the method of financial statement analysis, and it is useful in evaluating a…

Q: Balance Sheet

A: From the available info we will prepare balance sheet as per given…

Q: When analyzing financial statements, creditors are more concerned with which of the following? a.…

A: Financial statement analysis: The process of analyzing the financial statements of a company to…

Q: How is a financial ratio analysis performed? Comparing two items in financial statements. Evaluating…

A: Performing a financial ratio analysis involves examining and interpreting various ratios derived…

Q: labili sets/Net Sale

A: The correct answer is D. Net sales / Average Total Assets

Q: Define Balance Sheet Accounts.

A: Balance sheet: This financial statement reports a company’s resources (assets) and claims of…

Q: The company’s profitability on each dollar invested in assets is represented by which of the…

A: The correct option is option “C”. Return on assets.

Q: What are the main sections on a balance sheet?

A: The objective of this question is to identify and explain the main sections of a balance sheet. A…

Q: Computing liquidity, working captial and current ratio. Computing measures of profitability, profit…

A: Liquidity ratios emphasizes on the company’s ability to fulfill the current obligations out of the…

Q: Define each of the following terms: d. Forecasted financial statement approach using percentage of…

A: Forecasted financial statement approach using percent of sales: This process begins with future…

Q: relationship among balance sheet, cash flow sheet and income statement

A: Relationship among balance sheet, statement of cash flow sheet, and income statement as…

Q: Which of the following are techniques, tools or methods of analysis and interpretation of financial…

A: Comparative analysis means the comparison of financial statements across different years or…

Question

Find the following using the data bellow

a. Accounts receivable

B. Current assets

C. Total assets

D. Return on assets

E. Common equity

F. Quick ratio

Current Assets :
Cash and Equivalents
Accounts Receivable
Inventory
Fixed (Long-term) Assets
100,000,000
283,500,000
1,000,000,000
50,000,000
105,500,000
20,000,000
3.00
40.5515 days
Sales
Net Income
Current Liabilities
Notes Payable
Current Ratio
Days Sales Outstanding (DSO) Ratio
(DSO based on 365 days year)
Return on Common Equity (ROE)
12.00 %

Definition Definition Money that the business will be receiving from its clients who have utilized the credit provided to buy its goods and services. The credit period typically lasts for a short term, lasting from a few days, a few months, to a year.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2 Introduction

VIEW

Step 3 Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

how to understand a balance sheet
Suppose that you are doing a financial statement analysis. Assume you took a financial statement and divided every entry amount in the statement by the amount of total assets. The resulting statement is commonly called a? current ratio common base year income statement common size balance sheet common size income statement common base year balance sheet .DO NOT GIVE PLAGRIZED ANSWER
Which of the following ratios is used to analyze a company's liquidity? a. Inventory turnover ratio b. Earnings per share c. Return on assets ratio d. Asset turnover ratio
When should an average amount be used for the numerator or denominator? When the denominator is a balance sheet item or items. When a ratio consists of an income statement item and a balance sheet item. When the numerator is a balance sheet item or items. When the numerator is an income statement item or items.
a. List the four types of financial statements b.Describe the interrelationshipbetween balance sheet and the income statement
Using the information from 27A prepare the following ratios: gross profit margin profit margin return on assets earnings per share current ratio acid test ratio debt ratio Indicate what each is used for (ie: measuring efficiency, solvency etc)
The traditional way of preparing a balance sheet is to list all assets in the order of their: A) Market value B) Risk C) Liquidity D) Cost
5. Know the calculations for all of the following ratios (see ratio sheet that can be used on the exam) and know the category (listed in Question 4) they fall in: Formula Category/Use Ratio Working Capital Current Assets - Current Liabilities Net credit sales/Average Accounts Receivable Turnover accounts receivable Asset Turnover Net sales/Average total assets Net income/Average total stockholders' equity Total liabilities/Total stockholders equity Net income/Net sales Return on Equity (ROE) Debt to equity Return on Sales (ROS) (also known as Net Margin Current Assets/Current Liabilities Cost of goods sold/Average inventory Quick assets/Current Current Ratio Inventory Turnover Quick Ratio liabilities Dividend Yield Dividends per share/Market price per share Net earnings available for common stock/Number of outstanding common shares Net income/Average total Earnings per Share (EPS) Return on Investment (ROI) assets Price Earnings Ratio (P/E) Market price per share/Earnings per share…
_______ ratios are used to measure the speed in which various assets are converted into sales or cash. A Debt (aka Leverage) B Efficiency (aka working capital) C Profitability C Coverage
Question: What is the formula for calculating the current ratio? a. Current Assets / Current Liabilitiesb. Current Liabilities / Current Assetsc. Total Assets / Total Liabilitiesd. Total Liabilities / Total Assets
Current assets DIVIDED BY current liabilities is the Current Ratio Net Worth Ratio Working Capital