Given the following data for ABC company for the year ended 2018: inventory turnover ratio = 5.3125x average inventory = P160,000.00. If the gross profit is Php 500,000.00 and the fixed asset turnover is 1.25x, what is the amount of PPE? P800,000 B P1,080,000 P625,000 P850,000
Q: Earnings per share
A: Earnings Per Share = Net income/Average Outstanding Common Shares Average Outstanding Common Shares…
Q: DuPont Analysis If Epic, Inc. has an ROE = 18%, equity multiplier = 4.7, a profit margin of 11.3%,…
A: ASSETS TURNOVER RATIOAssets Turnover Ratio is the ratio between Net Sales and Average Total Assets.…
Q: A firm has been experiencing low profitability in recent years. Perform an analysis of the firm's…
A: The different financial ratios used for the analysis of the company performance are divided…
Q: sales of $1.27 million, accounts receivable of $52,000, total assets of $4.96 million (of which…
A: A financial ratio, also known as an accounting ratio, is the magnitude of two numerical values…
Q: alculate the projected inventory turnover, days sales outstanding (DSO), fixed assets turnover, and…
A:
Q: The following financial information is for Cullumber Company. CULLUMBER COMPANY Balance Sheets…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Selected comparative statement data for Oriole Company are presented below. All balance sheet data…
A: Ratio analysis helps to analyze the financial statements of the company. The management can take…
Q: The 2025 Annual Report of Marigold International contains the following information: (in millions)…
A: Accounting ratios are financial ratios through which a company can analyze its performance in terms…
Q: Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative…
A: Trend Percentage: Trend percentages perform comparisons to a selected base year or timeframe, much…
Q: Item Net Sales Cost of Goods Sold Gross Profit (a) Item Net Sales Cost of Goods Sold 2026 $363.515…
A: Net change in Amount = Ending - Beginning Amount Net change in % = (Ending Amount - Beginning…
Q: The comparative statements of Oriole Company are presented here. ORIOLE COMPANY Income Statements…
A: Hey, since there are multiple requirements posted, we will answer the first three requirements. If…
Q: Compute the following ratios for 2022. (Round asset turnover to 2 decimal places, e.g 1.83 and all…
A: RATIO ANALYSISRatio analysis is the process of determining and interpreting numerical relationships…
Q: During 2021, Rogue Corporation reported net sales of $740,000. Inventory at both the beginning and…
A: Solution: Gross profit of a corporation is computed as = Sales - Cost of goods sold Inventory…
Q: Using these data from the comparative balance sheets of Concord Company, perform a vertical…
A: The balance sheet is one of the important financial statements of the business. The vertical…
Q: During 2021, Rogue Corporation reported net sales of $600,000. Inventory at both the beginning and…
A:
Q: Condensed balance sheet and income statement data for Oriole Corporation are presented here. Oriole…
A: Ratio Analysis -The ratio is the technique used by the prospective investor or an individual or…
Q: Selected hypothetical comparative statement data for the giant bookseller Barnes & Noble are…
A: In case of multiple sub parts, we are allowed to solve only the first three sub parts. If you want…
Q: Cash Accounts receivable (net) Other current assets Investments Plant and equipment (net) 1. NOVAK…
A: The ratio is the technique used by the prospective investor or an individual or strategist to read…
Q: Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are…
A: Ratio analysis means where different ratio of various years of years companies has been compared and…
Q: quick ratio = 0.85,
A: Current Ratio-: Current Ratio is the ratio of current assets and current liabilities in a firm. It…
Q: If a company has sales of $1,300,000 and inventory of $245,000 and net income of $85,000, what is…
A: Sales = s = $1,300,000Inventory = i = $245,000Net Income = ni = $85,000
Q: Information below is related to Jea Maggie Ison’s Company Return on Sale 15% Asset…
A: The question is related to the Ratio Analysis. The return on Equity ia calculation as per Du point…
Q: The 2020 Annual Report of Sheffield International contains the following information. (in millions)…
A: Asset turnover ratio is a type of ratio that shows the total sales of a company as a time of the…
Q: Given the following information for the Vanderbilt Tire Company, find ROA (Return on Assets): Debt…
A: Return on Assets (ROA): ROA is a financial ratio that measures a company's profitability of its…
Q: Partial income statements for Sherwood Company summarized for a four-year period show the following:…
A: The gross profit is calculated as difference between sales and cost of goods sold.
Q: Polycryo, Inc. has a gross profit of $157,500 on sales of $525,000. The balance sheet shows average…
A: Inventory turnover = Cost of goods sold / Average inventory where, Average inventory = (Beginning…
Q: Sunland Company reported the following information for a three-year period: Ending inventory Sales…
A: Inventory Turnover :— It is calculated by dividing cost of goods sold by average inventory. Days…
Q: Use the following selected 2019 balance sheet and income statement information for Homer Glen Supply…
A: "The gross profit percentage is a financial metric that reveals the connection between a company's…
Q: Financial statement data for years ending December 31, 2019 and 2018, for Edison Company follow:…
A: Asset turnover ratio is used to determine the efficiency of the company towards the use of asset…
Q: Compute the following ratios for 2022 and 2021. Inventory on December 31, 2020, was $330. Assets on…
A: As per our guidelines, we are supposed to answer only 3 sub-parts (if there are multiple sub-parts…
Q: Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative…
A: Comparative financial statements are statements that are prepared for more than a year and the first…
Q: Prepare the cash flows from operating activities section of Concord's 2023 statement of cash flows…
A: The cashflow statement is a financial statement which shows the inflow and outflow of cash of the…
Q: Sunland Company reported the following in its 2022 and 2021 income statements. Net sales Cost of…
A: Gross profit rate measures the portion of sales revenue retained after accounting for the cost of…
Q: Selected financial statement data for Schmitzer Incorporated is shown below: 2024 2023 Balance…
A: 1. GROSS PROFIT RATIO : = (SALES - COST OF GOODS SOLD) / SALES X100 2. INVENTORY TURNOVER RATIO :…
Q: Assume the following sales data for a company: Current year $896,005 Preceding year 607,844 What is…
A: Percentage increase in sales can be calculated by dividing the change in sales by the preceding…
Q: Complete the balance sheet and sales information using the following financial data: Total assets…
A: Explanation Step 1: Calculate Sales and Cost of Goods Sold (COGS)- Sales were calculated using the…
Q: CONCORD, INC. Income Statement For the Year Ended December 31, 2026 Net Sales $145 Cost of Goods…
A: The gross profit is calculated as difference between sales and cost of goods sold. The gross profit…
Q: What was the amount of the ending inventory?
A: Ending inventory refers to the inventory or stock of goods that is left unsold at the end of the…
![Given the following data for ABC company for the year ended 2018:
inventory turnover ratio =
5.3125x
average inventory = P160,000.00.
If the gross profit is Php 500,000.00 and the fixed asset turnover is 1.25x, what is the amount of PPE?
A P800,000
P1,080,000
c) P625,000
P850,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Facc2ee48-86f5-4e60-bfe9-dbddc1c5d663%2F50608524-e795-4eef-8a19-2fe1c2c4610e%2Fv2n89bn_processed.jpeg&w=3840&q=75)
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- Based on the financial statement information of Monster Inc. in the following table, answer the following questions: Unit in Million US$ accounts receivable annual sales Cost of goods depreciation fixed assets inventory 2019 150 71 31 Start of 2019 52 222 91 End of 2019 59 275 106 1) Calculate the Fixed-asset turnover, Inventory turnover ratio and Days receivable of Monster Inc 0.87 0.63 72 2) Compare the above results with the following industry average information, comment on their implications in terms of efficiency of asset utilisation. Industry average (Unit 2019 in Million US$) Fixed-asset turnover Inventory turnover ratio Days receivableACTIVITY 1. MULTIPLE CHOICE wblupi moit boog aamoz a adT Directions: Encircle the letter of the correct answer. 1. MCL Company has a total quick asset of P100,000.00 and quick ratio of 10. How much is the current liabilities of the entity? a. P1,000,000.00 b. P1,100,000.00 c. P900,000.00 d. P10,000.00 2. If the company's net sales is P250,000.00 and the average accounts receivable is P50,000.00, what is the A/R turnover ratio? c. P200,000.00 m d. P300,000.00 a. 5 To Coubrc bns 00.000,000 3. From a current ratio of 4 in 2018, the current ratio of the company is 5 in 2019. b. 1/5 a. This is something good from a liquidity standpoint. b. This is something bad from a liquidity standpoint c. This data has no implication on the liquidity status of the company. d. All of the above.What is the inventory turnover ratio for Fair Isle Inc. for 2020 if the inventory at the beginning of the year was $210,500 and at the end of the year was $195,500 and during the year the company had net sales of $1,243,750 which had a corresponding cost of sales of $995,000? a.) 2.5b.) 4.9c.) 5.0d.) 6.1
- Current Attempt in Progress Suppose selected comparative statement data for the giant bookseller Barnes & Noble are as follows. All balance sheet data are as of the end of the fiscal year (in millions). Net sales Cost of goods sold Net income Accounts receivable Inventory Total assets Total common stockholders' equity 2022 $5,050.3 3,700.7 65.1 65.0 1,250.1 2,950.1 940.6 2021 $5,800.9 3,200.1 190.9 106.6 1,350.1 3,250.1 1,100.516. Quick assets P208,000 Acid test ratio 2.6 to 1 Current ratio 3.5 to 1 Net sales for the year P1,800,000 Cost of sales for the year P990,000 Average total assets P1,200,000 The company’s inventory balances at December 31 is? The company’s asset turnover ratio for the year is?The data shown below were obtained from the financial records of the BST Corporation for the year ended December 31, 2020. Sound Break CorporationIncome and Retained Earnings StatementFor the year Ended December 31, 2020Net Sales P1,000,000Cost of Goods Sold:Inventory, Dec. 31, 2019 P250,000Purchases 720,000Total Goods Available P970,000Inventory 220,000 750,000Gross Margin on Sales P 250,000Selling and Administrative (including Depreciation of P20,000) 125,000Net Income before Tax P 125,000Provision for Income Tax 35,000Net Income for the Year P 90,000Retained Earnings, beginning 130,000Total P 220,000Dividends Paid 30,000Retained Earnings, December 31, 2020 P 190,000 Sound Break CorporationBALANCE SHEETDecember 31, 2019 and 2020 ASSETS 2019 2020Current Assets:Cash P 75,000 P 85,000Marketable Securities 25,000 25,000Trade Receivables, net 185,000 245,000Inventory, at cost 250,000 220,000Prepaid Expenses 15,000 10,000Total Current Assets P550,000 P585,000Property and Other…
- The data shown below were obtained from the financial records of the BST Corporation for the year ended December 31, 2020. Sound Break CorporationIncome and Retained Earnings StatementFor the year Ended December 31, 2020Net Sales P1,000,000Cost of Goods Sold:Inventory, Dec. 31, 2019 P250,000Purchases 720,000Total Goods Available P970,000Inventory 220,000 750,000Gross Margin on Sales P 250,000Selling and Administrative (including Depreciation of P20,000) 125,000Net Income before Tax P 125,000Provision for Income Tax 35,000Net Income for the Year P 90,000Retained Earnings, beginning 130,000Total P 220,000Dividends Paid 30,000Retained Earnings, December 31, 2020 P 190,000 Sound Break CorporationBALANCE SHEETDecember 31, 2019 and 2020 ASSETS 2019 2020Current Assets:Cash P 75,000 P 85,000Marketable Securities 25,000 25,000Trade Receivables, net 185,000 245,000Inventory, at cost 250,000 220,000Prepaid Expenses 15,000 10,000Total Current Assets P550,000 P585,000Property and Other…The data shown below were obtained from the financial records of the BST Corporation for the year ended December 31, 2020. Sound Break CorporationIncome and Retained Earnings StatementFor the year Ended December 31, 2020Net Sales P1,000,000Cost of Goods Sold:Inventory, Dec. 31, 2019 P250,000Purchases 720,000Total Goods Available P970,000Inventory 220,000 750,000Gross Margin on Sales P 250,000Selling and Administrative (including Depreciation of P20,000) 125,000Net Income before Tax P 125,000Provision for Income Tax 35,000Net Income for the Year P 90,000Retained Earnings, beginning 130,000Total P 220,000Dividends Paid 30,000Retained Earnings, December 31, 2020 P 190,000 Sound Break CorporationBALANCE SHEETDecember 31, 2019 and 2020 ASSETS 2019 2020Current Assets:Cash P 75,000 P 85,000Marketable Securities 25,000 25,000Trade Receivables, net 185,000 245,000Inventory, at cost 250,000 220,000Prepaid Expenses 15,000 10,000Total Current Assets P550,000 P585,000Property and Other…Selected ratios of Company X are shown below: Inventory turnover Days' sales uncollected Days' purchases in accounts payable Total asset turnover Equity ratio Times interest earned 2021 5.3 32.4 21.0 2.6 0.8 N.A. 2020 7.1 18.3 20.0 2.5 0.8 N.A. Using the financial ratios provided, analyse the performance of Company X in 2021 compared to the previous year.
- Q. Calculate the current assets and current liabilities from the data given below. Current ratio. 1.8 Quick ratio. 1.2 Inventory turnover ( on c.g.s). 12 Gross profit rate. 25% Credit period. 1month Working capital. 640000How to compute this problem? Problem:The data shown below were obtained from the financial records of the BST Corporation for the year ended December 31, 2020. Sound Break CorporationIncome and Retained Earnings StatementFor the year Ended December 31, 2020Net Sales P1,000,000Cost of Goods Sold:Inventory, Dec. 31, 2019 P250,000Purchases 720,000Total Goods Available P970,000Inventory 220,000 750,000Gross Margin on Sales P 250,000Selling and Administrative (including Depreciation of P20,000) 125,000Net Income before Tax P 125,000Provision for Income Tax 35,000Net Income for the Year P 90,000Retained Earnings, beginning 130,000Total P 220,000Dividends Paid 30,000Retained Earnings, December 31, 2020 P 190,000 Sound Break CorporationBALANCE SHEETDecember 31, 2019 and 2020 ASSETS 2019 2020Current Assets:Cash P 75,000 P 85,000Marketable Securities 25,000 25,000Trade Receivables, net 185,000 245,000Inventory, at cost 250,000 220,000Prepaid Expenses 15,000 10,000Total Current Assets…The condensed financial statements of Blossom Company for the years 2019 and 2020 are presented below. BLOSSOM COMPANY Balance Sheets December 31 (in thousands) 2020 2019 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 630 560 Inventory 580 510 Prepaid expenses 130 160 Total current assets 1,670 1590 Property, plant, and equipment (net) 410 380 Investments 170 170 530 510 Intangibles and other assets $2,780 $2,650 Total assets $980 $950 Current liabilities Long-term liabilities 600 500 Stockholders' equity-common 1,200 1,200 Total liabilities and stockholders equity $2780 $2,650 BLOSSOM COMPANY Income Statements For the Year Ended December 31 (in thousands) 2019 2020 $3,920 $3,580 Sales revenue Costs and expenses Cost of goods sold 1,130 1050 Selling & administrative expenses 2400 2,330 Interest expense 10 20 Total costs and expenses 3,540 3400 Income before income taxes 380 180 Income tax expense 152 72 $228 $108 Net income
![Managerial Accounting: The Cornerstone of Busines…](https://www.bartleby.com/isbn_cover_images/9781337115773/9781337115773_smallCoverImage.gif)
![Managerial Accounting: The Cornerstone of Busines…](https://www.bartleby.com/isbn_cover_images/9781337115773/9781337115773_smallCoverImage.gif)