Net sales Cost of goods sold Gross profit Operating expenses Interest expense Income tax expense Net income Assets Cash $ 8,700 (6,175) 2,525 (1,975) (150) (160) $ 240 Comparative Balance Sheets Accounts receivable Inventory Property, plant, and equipment (net) Bonds payable Common stock Retained earnings Liabilities and Shareholders' Equity Current liabilities December 31 1. Inventory turnover ratio 2. Average days in inventory 3. Receivables turnover ratio 4. Average collection period 5. Asset turnover ratio 6. Profit margin on sales 7. Return on assets 8. Return on equity 9. Equity multiplier 10. Return on equity (using the DuPont framework) 2024 $ 550 550 750 1,500 $ 3,350 $ 800 1,150 550 850 $ 3,350 times days times days Required: Calculate the following ratios for 2024. Note: Consider 365 days a year. Round your intermediate calculations and final answers to 2 decimal places. % % % 2023 times % $ 450 350 550 1,600 $ 2,950 $ 550 1,150 550 700 $ 2,950
Net sales Cost of goods sold Gross profit Operating expenses Interest expense Income tax expense Net income Assets Cash $ 8,700 (6,175) 2,525 (1,975) (150) (160) $ 240 Comparative Balance Sheets Accounts receivable Inventory Property, plant, and equipment (net) Bonds payable Common stock Retained earnings Liabilities and Shareholders' Equity Current liabilities December 31 1. Inventory turnover ratio 2. Average days in inventory 3. Receivables turnover ratio 4. Average collection period 5. Asset turnover ratio 6. Profit margin on sales 7. Return on assets 8. Return on equity 9. Equity multiplier 10. Return on equity (using the DuPont framework) 2024 $ 550 550 750 1,500 $ 3,350 $ 800 1,150 550 850 $ 3,350 times days times days Required: Calculate the following ratios for 2024. Note: Consider 365 days a year. Round your intermediate calculations and final answers to 2 decimal places. % % % 2023 times % $ 450 350 550 1,600 $ 2,950 $ 550 1,150 550 700 $ 2,950
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
Related questions
Question
Vijay
Transcribed Image Text:Net sales
Cost of goods sold
Gross profit
Operating expenses
Interest expense
Income tax expense
Net income
Assets
Cash
$ 8,700
(6,175)
2,525
(1,975)
(150)
(160)
$ 240
Comparative Balance Sheets
Accounts receivable
Inventory
Property, plant, and equipment (net)
Bonds payable
Common stock
Retained earnings
Liabilities and Shareholders' Equity
Current liabilities
1. Inventory turnover ratio
2. Average days in inventory
3. Receivables turnover ratio
December 31
4. Average collection period
5. Asset turnover ratio
6. Profit margin on sales
7. Return on assets
8. Return on equity
9. Equity multiplier
10. Return on equity (using the DuPont framework)
2024
$ 550
550
750
1,500
$ 3,350
$ 800
1,150
550
850
$ 3,350
times
days
times
days
Required:
Calculate the following ratios for 2024.
Note: Consider 365 days a year. Round your intermediate calculations and final answers to 2 decimal places.
%
%
%
2023
times
%
$450
350
550
1,600
$ 2,950
$ 550
1,150
550
700
$ 2,950
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