he balance sheet for Revolution Clothiers is shown below. Sales for the year were $3,200,000, with 75 percent of sales sold on redit. Assets Cash Accounts receivable Inventory Plant and equipment Total assets REVOLUTION CLOTHIERS Balance Sheet 20X1 a. Current ratio D. Quick ratio c. Debt-to-total-assets ratio d. Asset turnover e. Average collection period $ 25,000 351,000 251,000 423,000 $ 1,050,000 Accounts payable Accrued taxes Liabilities and Equity Bonds payable (long-term) Common stock Paid-in capital Retained earnings Total liabilities and equity Compute the following ratios: lote: Use a 360-day year. Do not round intermediate calculations. Round your answers to 2 decimal places. Input your debt-to- otal assets answer as a percent rounded to 2 decimal places. times times % times days $ 247,000 97,000 136,000 100,000 150,000 320,000 $ 1,050,000

he balance sheet for Revolution Clothiers is shown below. Sales for the year were $3,200,000, with 75 percent of sales sold on redit. Assets Cash Accounts receivable Inventory Plant and equipment Total assets REVOLUTION CLOTHIERS Balance Sheet 20X1 a. Current ratio D. Quick ratio c. Debt-to-total-assets ratio d. Asset turnover e. Average collection period $ 25,000 351,000 251,000 423,000 $ 1,050,000 Accounts payable Accrued taxes Liabilities and Equity Bonds payable (long-term) Common stock Paid-in capital Retained earnings Total liabilities and equity Compute the following ratios: lote: Use a 360-day year. Do not round intermediate calculations. Round your answers to 2 decimal places. Input your debt-to- otal assets answer as a percent rounded to 2 decimal places. times times % times days $ 247,000 97,000 136,000 100,000 150,000 320,000 $ 1,050,000

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

Section: Chapter Questions

Problem 1PS

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The cost of merchandise sold for Kohl’s Corporation for a recent year was $12,265 million. The balance sheet showed the following current account balances (in millions): Balance,End of Year Balance,Beginning of YearMerchandise inventories $4,038 $3,814Accounts payable 1,251 1,511Determine the amount of cash payments for merchandise.
Bakely Company reports the following information (in millions) during a recent year: net sales, $11,868.4; net earnings, $361.6; total assets, ending, $5,276.1; and total assets, beginning, $5,784.0. Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin.
How much should PINK report as current assets on December 31, 2021?
Polycryo, Inc. has a gross profit of $157,500 on sales of $525,000. The balance sheet shows average total assets of $75,000 with an average inventory balance of $55,000. Polycryo's total asset turnover and inventory turnover are closest to: Asset turnover Inventory turnover A. 7.00 times 2.00 times B. 2.00 times 7.00 times C. 7.00 times 7.00 times
Crafty Inc. reported the following financial data. Sales, $180,000; operating expenses $160,000; average operating assets, $150,000; total liabilities, $98,000. The company requires a minimum 12% return on investments. What is the asset turnover ratio? O.133 O.18 O 1.2 O .111
A company reports the following: Sales $10,975,200Average total assets $1,371,900 Determine the asset turnover ratio. Round your answer to one decimal place.
BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Debt ratio: 50% Current ratio: 1.8x Total assets turnover: 1.5x Days sales outstanding: 36.5 days Gross profit margin on sales: (Sales Cost of goods sold)/Sales = 25% Inventory turnover ratio: 5x "Calculation is based on a 365-day year. Cash Accounts receivable Inventories Fixed assets Total assets Sales Balance Sheet $300,000 Accounts payable Long-term debt Common stock Retained earnings Total liabilities and equity Cost of goods sold 60,000 97,500
During the prior year Company A had days payables outstanding of 27. As of the end of the current year, it had the following balances: Inventory $2,000; Accounts payable $15,000; Notes payable $7,000. During the year it had: Net credit sales $953,000; Cost of Goods Sold $559,000, and Operating expenses of $118,000. Based on the information provided enter the larger days payables outstanding amount rounded to the nearest two decimal places. Example if last year's days payables outstanding was 7 and this year it was 9.8243. You would enter 9.82. I really need help with this question
Taft Technologies has the following relationships: annual sales $1,200,000 current liabilities $375,000 days sales outstanding(DSO)(360-day year) 40 Inventory Turnover Ratio 4.8 current ratio 1.2 The company's current assets consist of cash, inventories, and accounts receivable. How much cash does Taft have on its balance sheet, knowing also that the company's Cost of Goods Sold (including Depreciation) is 960,000 ? A. -$ 8,333 B. $ 116,667 C. $125,000 D. $200,000 E. $316,667
O'Keefe Industries Balance Sheet December 31, 2012 Assets Liabilities and Stockholders' Equity Cash $32,720 Accounts payable $120,000 Marketable securities 25,000 Notes payable Accounts receivable Accruals 20,000 Inventories Total current liabilities Long-term debt Stockholders' equity Total current assets Net fixed assets $600,000 Total assets Total liabilities and stockholders' equity $
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 73.0 daysa Inventory turnover ratio: 4x Fixed assets turnover: 3.0x Current ratio: 2.5x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 20% aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar. Cash Accounts receivable Inventories Fixed assets Total assets Sales $ $ Balance Sheet $270,000 Current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Cost of goods sold $ $ $ 54,000 67,500
Calculate the accounts receivable period, accounts payable period, inventory period, and cash conversion cycle for the following firm: Income statement data: Sales 5,000 Cost of goods sold 4,200 Balance Sheet Data: Beginning of Year End of Year Inventory 500 600 Accounts Receivable 100 120 Accounts Payable 250 290

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