Problem 1: Viance Queen Company Required:Compute for the company’s profitability and operating efficiency ratios for 2019Compute for the financial health ratios of the company for 2019B.Operating EfficiencyDays in InventoryAR TurnoverDays in AR Problem No. 1Viance Queen CompanyStatement of Financial PositionAs of December 3120192018CashAccounts ReceivableInventoryPrepald RentDelivery VanTotal Assets110,00090,000129,00012,000550,000891,00087,40069,920218,5004,370493,810874,000Accounts PayableLoan PayableViance Queen, CapitalTotal Liabilities and Equity75,000400,000416,000891,00067,298393,300413,402874,000Viance Queen CompanyStatement of Comprehensive IncomeFor the Period Ended December 3120192018SalesCost of Goods SoldGross ProfitOperating ExpensesInterest ExpenseNet Income810,000348,300461,700234,90040,500186,300686,000301,750384,250205,80017,150161,300

The question is related to Ratio Analysis. The statement of financial position and statement of…

Problem No. 1 Viance Queen Company Statement of Financial Position As of December 31 2019 2018 87,400 Cash Accounts Receivable Inventory Prepald Rent Delivery Van Total Assets 110,000 90,000 129,000 12,000 550,000 891,000 69,920 218,500 4,370 493,810 874,000 Accounts Payable Loan Payable Viance Queen, Capital Total Liabilities and Equity 75,000 400,000 416,000 891,000 67,298 393,300 413,402 874,000 Viance Queen Company Statement of Comprehensive Income For the Period Ended December 31 2019 2018 Sales Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Net Income 810,000 348,300 461,700 234,900 40,500 186,300 686,000 301,750 384,250 205,800 17,150 161,300

Problem No. 1 Viance Queen Company Statement of Financial Position As of December 31 2019 2018 87,400 Cash Accounts Receivable Inventory Prepald Rent Delivery Van Total Assets 110,000 90,000 129,000 12,000 550,000 891,000 69,920 218,500 4,370 493,810 874,000 Accounts Payable Loan Payable Viance Queen, Capital Total Liabilities and Equity 75,000 400,000 416,000 891,000 67,298 393,300 413,402 874,000 Viance Queen Company Statement of Comprehensive Income For the Period Ended December 31 2019 2018 Sales Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Net Income 810,000 348,300 461,700 234,900 40,500 186,300 686,000 301,750 384,250 205,800 17,150 161,300

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

see below table of Ratios for a company. Comment on the liquidity, profitability, leverage, asset management and market value. Ratio Analysis 2021 Est. 2020 2019 Industry Average Liquidity Ratios Current Ratio (times) 2.34 3.22 3.68 4.2 Quick Ratio (times) 0.91 1.24 1.79 2.1 Asset Management Ratios Average sales/day 10.96 8.22 7.81 9 Inventory Turnover Ratio (times) 4.43 3.74 5.06 9 Days Sales Outstanding (days) 38.32 45.62 40.34 36 Fixed Assets Turnover Ratio (times) 2.12 2.52 3.27 3 Total Asset Turnover Ratio 1.32 1.37 1.69 1.8 Debt Management Ratios Total Debt to Total Assets (%) 59.09 48.58 47.6 40 Times Interest Earned (times) 7.9 6.81 11 6 Debt to Equity Ratio (%) 1.49 0.98 0.95 1 Profitability…
please help me with the answer and steps to solve it
Answer the following:a. Based on Table 1, compute the company's supply chain performance in terms of inventory turnover in Year 3.b. Based on Table 1, the company's inventory turnoverc. Based on Table 1, by how much did the company's inventory turnover change?
Cullumber Limited competes in the fast food industry with Bramble Limited. Cullumber underwent a major expansion in 2021, borrowing a large amount of money and acquiring a small competitor. The acquisition doubled the number of restaurants that Cullumber has. Bramble, on the other hand, took a more conservative approach and did not buy any new assets, focusing instead on making existing operations more efficient. Data for the two companies are provided below (in thousands of dollars): Cullumber Total assets Sales Net income Bramble Total assets Sales Net income 2021 $1,850 3,161 361 807 1,822 190 2020 $1,099 $1,070 1,490 144 880 1,671 2019 205 1,600 140 1,070 2,000 210
GIVE THE FORMULAS FOR THE FOLLOWING EFFICIENCY RATIOS OF NESTLE. THANK YOU Ratio Analysis Efficiency Asset turnover Inventory turnover Receivables turnover Summary of Financial Ratios of Nestle 2020 2019 Average collection period (days) 0.68 4.254 7.849 46.519 0.724 4.993 7.867 46.323 Industry Average 449 days 68 days 34 days
14- Gross profit of a firm for an accounting year is calculated by using __________ formula while preparing income statement. a. All of the options b. Net sales – Sales return c. Net sales – Cost of goods sold d. Net sales – Expenses
practice please help with formula
GIVE THE COMPARATIVE INCOME STATEMENT VERTICAL ANALYSIS FROM THE FOLLOWING INCOME STATEMENT BELOW JOLLIBEE INCOME STATEMENT ITEM 2016 2017 2018 2019 2020 Sales/Revenue 113.81B 133.61B 161.17B 179.63B 129.31B Sales Growth - 17.40% 20.62% 11.45% -28.01% Cost of Goods Sold (COGS) incl. D&A - - 132.96B 150.88B 115.39B COGS Growth - - - 13.47% -23.52% COGS excluding D&A 89.27B 105.39B 121.08B 137.38B 100.82B Depreciation & Amortization Expense 4B 4.75B 11.89B 13.5B 14.57B Depreciation 3.93B 4.66B 11.73B 13.34B 14.32B Amortization of Intangibles 68.99M 78.95M 151.82M 145.42M 245.23M Gross Income 20.54B 23.48B 28.21B 28.75B 13.92B Gross Income Growth - 14.30% 20.12% 1.93% -51.57% Gross Profit Margin - - - - 10.77% SG&A Expense - - 17.64B 20.21B 20.42B SGA Growth - - - 14.57% 1.02%…
Caculate the following ratios for Apple Inc. Current ratio Quick ratio Receivable turnover Average days sales uncollected
6. The following is the adjusted trial balance data for Nino's Pizzenia as of December 31, 2019. NINO'S PIZZERIA Adjusted Trlal Balance Year Ended December 31,2019 Debit Credit S 775,984 45,688 200,460 135,624 Cash Accounts Receivable Buildings Merchandise Inventory Accounts Payable Common Stock Sales Interest Revenue Rent Revenue Sales Salaries Expense office Supplies Expense Sales Discounts Interest Expense Sales Returns and Allowances, Cost of goods sold Rent Expense Depreciation Expense: Office Equipment Insurance Expense Advertising Expense Totals $437,880 410,542 555,696 84,652 86,900 24,500 6,270 102,890 4,577 105.854 122,853 20.000 10.555 2,780 17:635 $1,575,670 $1,575,670
Perform the following: a. horizontal analysis b. vertical analysis c. ratio analysis d. interpret the results
Refine Assumptions for PPE ForecastFollowing are the income statement and balance sheet for Medtronic PLC. Consolidated Statement of Income ($ millions) For Fiscal Year Ended April 26, 2019 Net sales $30,557 Costs and expenses Cost of products sold 9,155 Research and development expenses 2,330 Selling, general, and administrative expense 10,418 Amortization of intangible assets 1,764 Restructuring charges, net 198 Certain litigation charges, net 166 Other operating expense, net 258 Operating profit (loss) 6,268 Other nonoperating income, net (373) Interest expense 1,444 Income (loss) before income taxes 5,197 Income tax provision 547 Net income (loss) 4,650 Net (income) loss attributable to noncontrolling interests (19) Net income (loss) attributable to Medtronic $ 4,631 Consolidated Balance Sheet ($ millions) April 26, 2019 Current assets Cash and cash equivalents $ 4,393 Investments 5,455 Accounts receivable, less…