Selected financial data for Amberjack Corporation follows.Year 1 ($thousands)339,270265,261SalesCost of goods soldNet incomeCash flow from operationsCashMarketable securitiesAccounts receivableInventoriesTotal current assetsAccounts payableAccrued liabilitiesTotal current liabilities(171,114)(60,875)342,780343,74622,9476,681716,15430,50846,29476,802a. Current ratioa. Quick ratiob1. Collection periodb2. Inventory turnover (X)b2. Payables period (days)b3. Days' sales in cashb4. Gross marginb4. Profit marginYear 2 ($thousands)a. Calculate the current and quick ratio at the end of each year.Note: Round your answers to 1 decimal place.Year 1477,721357,524b. Assuming a 365-day year for all calculations, compute the following:1. The collection period each year based on sales.2. The inventory turnover and the payables period each year based on cost of goods sold.3. The days' sales in cash each year.4. The gross margin and profit margin each year.Note: Round your answers to 1 decimal place. Negative answers should be indicated by parentheses.%%(405,109)(23,603)270,87238,50037,29873,706420,37624,358126,451150,809Year 2%%

Ratio analysis is a financial analysis technique used to evaluate the performance, liquidity,…

Selected financial data for Amberjack Corporation follows. Sales Cost of goods sold Net income Cash flow from operations Cash Marketable securities Accounts receivable Inventories Total current assets Accounts payable Accrued liabilities Total current liabilities. Year 1 ($ Year 2 ($ thousands) thousands) 339,270 265,261 (171,114) (60,875) 342,780 343,746 22,947 6,681 716,154 30,508 46,294 76,802 477,721 357,524 (405,109) (23,603) 270,872 38,500 37,298 73,706 420,376 24,358 126,451 150,809 a. Calculate the current and quick ratio at the end of each year. Note: Round your answers to 1 decimal place. b. Assuming a 365-day year for all calculations, compute the following: 1. The collection period each year based on sales. 2. The inventory turnover and the payables period each year based on cost of goods sold. 3. The days' sales in cash each year. 4. The gross margin and profit margin each year.

Selected financial data for Amberjack Corporation follows. Sales Cost of goods sold Net income Cash flow from operations Cash Marketable securities Accounts receivable Inventories Total current assets Accounts payable Accrued liabilities Total current liabilities. Year 1 ($ Year 2 ($ thousands) thousands) 339,270 265,261 (171,114) (60,875) 342,780 343,746 22,947 6,681 716,154 30,508 46,294 76,802 477,721 357,524 (405,109) (23,603) 270,872 38,500 37,298 73,706 420,376 24,358 126,451 150,809 a. Calculate the current and quick ratio at the end of each year. Note: Round your answers to 1 decimal place. b. Assuming a 365-day year for all calculations, compute the following: 1. The collection period each year based on sales. 2. The inventory turnover and the payables period each year based on cost of goods sold. 3. The days' sales in cash each year. 4. The gross margin and profit margin each year.

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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Thunder Corporation's balance sheet and income statement appear below: Assets: Cash and cash equivalents Accounts receivable Inventory Property, plant, and equipment Less accumulated depreciation Total assets Liabilities and stockholders' equity: Accounts payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income Income taxes Net income Operating activities: Comparative Balance Sheet Income Statement @ 550 D RSA $ 891 Required: Prepare a statement of cash flows in good form using the indirect method. Note: List any deduction in cash and cash outflows as negative amounts. Thunder Corporation Statement of Cash Flows For This Year Ended December 31 334 $ 116 Santa Ending Balance 72 53 466 206 $ 425 53 $ 425 SER SIS The company did not dispose of any property, plant, and equipment, issue any bonds payable, or repurchase a stock during the year. The company…
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B Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Current assets. Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Total assets Total stockholders' equity Current liabilities Total liabilities Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Cash dividends paid 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. Ratio Current ratio Accounts receivable turnover Average collection period Inventory turnover Days in inventory Profit margin Asset turnover Return on assets Debt to assets ratio Walmart Inc. Income Statement Data for Year Times interest earned Target Corporation Return on common stockholders' equity Free cash flow $66,900 44,000 14,400 750 (95) 1,500 $6,155 $17,000 26,800 $43,800 Balance Sheet Data (End of Year) $10,000 17,300 16,500 $43,800 13,400 10,000…
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