Jim Short's Company makes clothing for schools. Sales in 20X1 were $4,490,000. Assets were as follows:CashAccounts receivableInventoryNet plant and equipmentTotal assetsa. Compute the following:Note: Round your answers to 2 decimal places.1. Accounts receivable turnover2. Inventory turnover3. Fixed asset turnover4. Total asset turnoverCashAccounts receivableInventory$ 110,000864,000493,000504,000$ 1,971,000b. In 20X2, sales increased to $5,040,000 and the assets for that year were as follows:Net plant and equipmentTotal assetsTurnover Ratios5.00 times1,245.00 times76.00 times43.00 times1. Accounts receivable turnover2. Inventory turnover3. Fixed asset turnover4. Total asset turnover$ 110,000981,0001,007,000504,000$ 2,602,000Compute the following:Note: Round your answers to 2 decimal places.Turnover Ratios234.00 times789.00 times41.00 times32.00 times

Name: Jim Short's Company makes clothing for schools. Sales in 20X1 were $4
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Description: Jim Short's Company makes clothing for schools. Sales in 20X1 were $4,490,000. Assets were as follows:CashAccounts receivableInventoryNet plant and equipmentTotal assetsa. Compute the following:Note: Round your answers to 2 decimal places.1. Account

Select financials have been provided. Several ratios have to be calculated for two years, based on…

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Jim Short's Company makes clothing for schools. Sales in 20X1 were $4,490,000. Assets were as follows: Cash Accounts receivable Inventory Net plant and equipment Total assets 1. Accounts receivable turnover 2. Inventory turnover 3. Fixed asset turnover 4. Total asset turnover a. Compute the following: Note: Round your answers to 2 decimal places. $ 110,000 864,000 Cash Accounts receivable Inventory Net plant and equipment Total assets 493,000 504,000 $ 1,971,000 1. Accounts receivable turnover 2. Inventory turnover 3. Fixed asset turnover 4. Total asset turnover Turnover Ratios 5.00 times 1,245.00 times b. In 20X2, sales increased to $5,040,000 and the assets for that year were as follows: 76.00 times 43.00 times $ 110,000 981,000 1,007,000 504,000 $ 2,602,000 Compute the following: Note: Round your answers to 2 decimal places. Turnover Ratios 234.00 times 789.00 times 41.00 times 32.00 times

Jim Short's Company makes clothing for schools. Sales in 20X1 were $4,490,000. Assets were as follows: Cash Accounts receivable Inventory Net plant and equipment Total assets 1. Accounts receivable turnover 2. Inventory turnover 3. Fixed asset turnover 4. Total asset turnover a. Compute the following: Note: Round your answers to 2 decimal places. $ 110,000 864,000 Cash Accounts receivable Inventory Net plant and equipment Total assets 493,000 504,000 $ 1,971,000 1. Accounts receivable turnover 2. Inventory turnover 3. Fixed asset turnover 4. Total asset turnover Turnover Ratios 5.00 times 1,245.00 times b. In 20X2, sales increased to $5,040,000 and the assets for that year were as follows: 76.00 times 43.00 times $ 110,000 981,000 1,007,000 504,000 $ 2,602,000 Compute the following: Note: Round your answers to 2 decimal places. Turnover Ratios 234.00 times 789.00 times 41.00 times 32.00 times

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

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Valenzuela, Incorporated, has a cash cycle of 47 days, an operating cycle of 70 days, and an inventory period of 30.5 days. The company reported cost of goods sold in the amount of $349,000, and credit sales were $572,000. What is the company's average balance in accounts payable and accounts receivable? Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Average accounts payable Average accounts receivable

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