Jinchuriki Inc.'s Financial Statement for years 2014-2015. Compute of the Average Sales Period/ Average Age of Inventory. * INCOME STATEMENTS BALANCE SHEETS 2015 Assets $ 5,000 Cash 3,800 ST Investments 200 Accounts receivable 500 Inventories 500 2014 $ 4,760 2014 2015 50 Net sales 60 COGS (excl depr.) Depreciation Other operating expenses EBIT 40 3,560 170 380 500 480 550 820 $ 1,300 1,700 $ 3,000 1,000 $ 1,550 2,000 $ 3,550 Total CA 120 Net PP&E Interest expense Pre-tax earnings 100 450 380 Total assets Taxes (40%) NI before pref. div. Preferred div. 180 270 152 228 Liabilities and equity 8 Accounts payable S 220 Accruals Notes payable $ 200 8 $ 262 190 Net income 280 300 130 600 280 Other Data Total CL 780 $50 Long-term bonds $170 $48 1,200 $ 1,980 Common dividends 1,000 $ 1,600 Addition to RE $214 Total liabilities Tax rate 40% 40% Preferred stock 100 100 50 Retained earnings Total common equity Shares of common stock 50 Common stock 500 500 Earnings per share Dividends per share 800 $ 1,300 $ 3,000 $5.24 $4.40 970 S0.96 S40.00 $ 1,470 $ 3,550 $1.00 Price per share $27.00 Total liabs. & equity Compute for the Average Sales Period/Average Age of Inventory, use 360 days Final answers should be in 2 decimal places %24 %24 %24
Jinchuriki Inc.'s Financial Statement for years 2014-2015. Compute of the Average Sales Period/ Average Age of Inventory. * INCOME STATEMENTS BALANCE SHEETS 2015 Assets $ 5,000 Cash 3,800 ST Investments 200 Accounts receivable 500 Inventories 500 2014 $ 4,760 2014 2015 50 Net sales 60 COGS (excl depr.) Depreciation Other operating expenses EBIT 40 3,560 170 380 500 480 550 820 $ 1,300 1,700 $ 3,000 1,000 $ 1,550 2,000 $ 3,550 Total CA 120 Net PP&E Interest expense Pre-tax earnings 100 450 380 Total assets Taxes (40%) NI before pref. div. Preferred div. 180 270 152 228 Liabilities and equity 8 Accounts payable S 220 Accruals Notes payable $ 200 8 $ 262 190 Net income 280 300 130 600 280 Other Data Total CL 780 $50 Long-term bonds $170 $48 1,200 $ 1,980 Common dividends 1,000 $ 1,600 Addition to RE $214 Total liabilities Tax rate 40% 40% Preferred stock 100 100 50 Retained earnings Total common equity Shares of common stock 50 Common stock 500 500 Earnings per share Dividends per share 800 $ 1,300 $ 3,000 $5.24 $4.40 970 S0.96 S40.00 $ 1,470 $ 3,550 $1.00 Price per share $27.00 Total liabs. & equity Compute for the Average Sales Period/Average Age of Inventory, use 360 days Final answers should be in 2 decimal places %24 %24 %24
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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Transcribed Image Text:Jinchuriki Inc.'s Financial Statement for
years 2014-2015. Compute of the Average
Sales Period/ Average Age of Inventory. *
INCOME STATEMENTS
BALANCE SHEETSs
2015 Assets
$ 5,000 Cash
3,800 ST Investments
200 Accounts receivable
500 Inventories
500
2015
50
2014
2014
$ 4,760
3,560
Net sales
60 S
COGS (excl. depr.)
Depreciation
Other operating expenses
EBIT
40
170
380
500
480
820
1,000
$ 1,300
1,700
$ 3,000
$ 1,550
2,000
$ 3,550
550
Total CA
120
Interest expense
Pre-tax earnings
100
Net PP&E
450
380
Total assets
152
Taxes (40%)
NI before pref. div.
180
228 Liabilities and equity
8 Accounts payable
220 Accruals
Notes payable
270
Preferred div.
8
$ 190
200
Net income
262
280
300
130
280
$ 600
1,000
$ 1,600
Other Data
Total CL
780
S50 Long-term bonds
$170
Common dividends
$48
1,200
S 1,980
100
Addition to RE
$214
Total liabilities
40% Preferred stock
Common stock
Retained earnings
Total common equity
Total liabs. & equity
40%
50
Tax rate
100
Shares of common stock
50
500
500
$5.24
$4.40
Earnings per share
Dividends per share
Price per share
800
970
$ 1,300
$ 3,000
$ 1,470
$ 3,550
$0.96
$1.00
$40.00
$27.00
Compute for the Average Sales Period/Average Age of Inventory, 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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