Jinchuriki Inc.'s Financial Statement for years 2014-2015. Compute of the Average Collection Period. INCOME STATEMENTSBALANCE SHEETS2015 JAssets201420142015$ 5,000$ 4,7603,560Net salesCOGS (excl. depr.)DepreciationOther operating expensesЕBITInterest expenseCash60503,800 ST Investments200 Accounts receivable500 Inventories401703805004808201,000$ 1,3001,700$ 3,000550500Total CA$ 1,550100120 Net PP&E2,000Pre-tax earnings450380Total assets$ 3,550152Taxes (40%)NI before pref. div.180228 Liabilities and equity8 Accounts payable220| AccrualsNotes payableTotal CL270Preferred div.8.190200Net income262280300130280Other Data600%24780$50Long-term bondsTotal liabilities1,000$ 1,600Common dividends$481,200$ 1,980Addition to RE$214$17040% Preferred stockTax rate40%100100Shares of common stock5050Common stock500500$5.24Earnings per shareDividends per sharePrice per share$4.40$1.00Retained earningsTotal common equityTotal liabs. & equity800970$ 1,300$ 3,000$ 1,470$ 3,550$0.96$40.00$27.00Compute for the Average Collection Period, use 360 daysFinal answers should be in 2 decimal placesFor example: if your answer is 1.5432 final answer is 1.54 days, if your answer is 1.5632 final answer is1.57 days%24%24%24%24

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Jinchuriki Inc.'s Financial Statement for years 2014-2015. Compute of the Average Collection Period.

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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Question

Jinchuriki Inc.'s Financial Statement for years 2014-2015. Compute of the Average Collection Period.

INCOME STATEMENTS
BALANCE SHEETS
2015 JAssets
2014
2014
2015
$ 5,000
$ 4,760
3,560
Net sales
COGS (excl. depr.)
Depreciation
Other operating expenses
ЕBIT
Interest expense
Cash
60
50
3,800 ST Investments
200 Accounts receivable
500 Inventories
40
170
380
500
480
820
1,000
$ 1,300
1,700
$ 3,000
550
500
Total CA
$ 1,550
100
120 Net PP&E
2,000
Pre-tax earnings
450
380
Total assets
$ 3,550
152
Taxes (40%)
NI before pref. div.
180
228 Liabilities and equity
8 Accounts payable
220| Accruals
Notes payable
Total CL
270
Preferred div.
8.
190
200
Net income
262
280
300
130
280
Other Data
600
%24
780
$50
Long-term bonds
Total liabilities
1,000
$ 1,600
Common dividends
$48
1,200
$ 1,980
Addition to RE
$214
$170
40% Preferred stock
Tax rate
40%
100
100
Shares of common stock
50
50
Common stock
500
500
$5.24
Earnings per share
Dividends per share
Price per share
$4.40
$1.00
Retained earnings
Total common equity
Total liabs. & equity
800
970
$ 1,300
$ 3,000
$ 1,470
$ 3,550
$0.96
$40.00
$27.00
Compute for the Average Collection Period, use 360 days
Final answers should be in 2 decimal places
For example: if your answer is 1.5432 final answer is 1.54 days, if your answer is 1.5632 final answer is
1.57 days
%24
%24
%24
%24

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