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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

Fundamentals of Financial Management (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
15th Edition
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter4: Analysis Of Financial Statements
Section: Chapter Questions
Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...
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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
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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