Shown below are selected data from the balance sheet of Compros, a small electronics store (dollar amounts are in thousands): Cash $ 66 Accounts receivable $ 126 Inventory $ 195 Total assets $ 855 Current liabilities $ 210 Noncurrent liabilities $ 330 What is the quick ratio?

Shown below are selected data from the balance sheet of Compros, a small electronics store (dollar amounts are in thousands): Cash $ 66 Accounts receivable $ 126 Inventory $ 195 Total assets $ 855 Current liabilities $ 210 Noncurrent liabilities $ 330 What is the quick ratio?

Name: Shown below are selected data from the balance sheetof Compros, a sma
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Description: Shown below are selected data from the balance sheetof Compros, a small electronics store (dollar amountsare in thousands):Cash$ 66Accounts receivable$ 126Inventory$ 195Total assets$ 855Current liabilities$ 210Noncurrent liabilities $ 330What is the

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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c. Compute the quick ratio for each company. Round your answers to one decimal place. Abercrombie: The Gap: Current assets: Analyze and compare Abercrombie & Fitch and The Gap Abercrombie & Fitch Co. (ANF) and The Gap, Inc. (GPS) are two U.S. apparel retailers. The current assets and current liabilities for each company from recent balance sheets are as follows (in thousands): Cash Accounts receivable Inventories X Other current assets Total current assets Current liabilities: Accounts payable Other current liabilities Total current liabilities X Abercrombie & Fitch The Gap $723,135 $1,364,000 73,112 290,000 437,879 2,156,000 101,824 706,000 $1,335,950 $4,516,000 $226,878 332,039 $558,917 $1,174,000 2,035,000 $3,209,000
ased on these items, what is the total of the (a) liquid assets and (b) current liabilities? Checking account balance $ 935 Savings account balance $ 3,425 Retirement account balance 58,500 Current student loan payment due 370 Credit card balance 192 Investment account balance 9,500 Rare jewelry 600 Mortgage 185,500
Blythe Industries reports the following account balances: inventory of $417,600, equipment of $2,028,300, accounts payable of $224,700, cash of $51,900, and accounts receivable of $313,900. What is the amount of the current assets? a. $46,700 b. $783,400 c. $56,000 d. $975,000 e. $699,700
temaining Time: 1 hour, 57 minutes, 32 seconds. Question Completion Status: 4. 6. 8 10 11 12 13 14 15 16 17 18 19 2 U.Anew intermationarmarket QUESTION 21 Answer the following questions based on Daktronic Inc's selected financial data provided in the table below: Selected Income Statement Figures Selected Balance Sheet Figures Amts in USD 20X8 Amts in USD 20X8 20X7 Accounts Cash Sales Credit Sales 3,000,000 Receiva ble 10,000,000 Inventory 600,000 500,000 250,000 225,000 Accounts 13,000,000 Payable Total Sales Cost of Goods Sold 160,000 120,000 8,000,000 (a) what is the average inventory turnover for Daktronics Inc? (b) What is the average payable days for the firm? (c) What is the average receivables collection days? (d) What changes have taken place in Daktronics Inc working capital requirement, year-on-year? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). В I Paragraph Arial 14px A. x X2 土 Click Save and Submit to save and submit. Click Save All Answers to save all…
Quickly please
Based on the account balances shown below, calculate "Net Sales". Normal Account Balance Account Name Allowance for Uncollectible $5,000 A/R Deferred Revenue $15,725 Sales Revenue $114,139 Sales Discounts $2,000 Sales Returns $6,000 Fill in the blank with your calculated number. DO NOT include period, decimal points, etc., just enter the raw number. Webcourses will add commas to your nmas, $ sig answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 ASUS f3 f4 f5 f6 f7 f8 f9 f10 f11 口/東 %24 3 5 7 9. 01 因 LO 图
us Kimmel, tinancial Accounting, Be US eo 1 Srstom Announcements CALCATO Brief Exercise 8-10 Piet ts first vear of operations, Pronghorn Corp had credit sales of $2,714,100, of which $429,000 remained uncollected at year-end. The credit manager estimates that $16,370 of these recevahles w be Prepare the journal entry to record the estimated uncollectibles. (Assume an unadjusted balance of zero in Allowance for Doubtful Accounts.) (Credit account titles are automatically indented whee ment c indent manually.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT INTERACTIVE TUTORIAL INTERACTIVE TUTORIAL Prepare the current assets section of the balance sheet for Pronghorn Corp, assuming that in addition to the receivables it has cash of $85,320, merchandise inventory of $163,960, and supplies of $13,290. (List current a arder of liquidity) Pronghorn Corp Balance Sheet (partial) wT O secouNTS
Hi, How do I calculate these ratios? And what are the formulas to calculate them Thanks
The following items are reported on a company's balance sheet: Cash $274,700 Marketable securities 84,200 Accounts receivable 226,700 Inventory 210,400 Accounts payable 307,500 Round your answers to two decimal places. a. Determine the current ratio. fill in the blank 1 b. Determine the quick ratio. fill in the blank 2
Click on the icons located on the top-right corners of the data tables below to copy their contents into a spreadsheet. Income Statement Balance Sheet Sales $202,590 Assets Cash and Equivalents Accounts Receivable Costs Except Depreciation $14,950 (99,910) $102,680 EBITDA 1,980 (5,940) $96,740 4,100 $21,030 Depreciation Inventories EBIT Total Current Assets Property, Plant, and Equipment Interest Expense (net) (490) 9,990 Pre-tax Income $96,250 Total Assets $31,020 (33,688) $62,562 Income Tax Liabilities and Equity. Accounts Payable Net Income $1,550 4,080 $5,630 Debt Total Liabilities Stockholders' Equity Total Liabilities and Equity 25,390 $31,020 For the next fiscal year, you forecast net income of $49,600 and ending assets of $508,300. Your firm's payout ratio is 10.6%. Your beginning stockholders' equity is $299,900, and your beginning total liabilities are $120,400. Your non-debt liabilities such as accounts payable are forecasted to increase by $10,400. Assume your beginning…
The following select financial statement information from Candid Photography. CANDID PHOTOGRAPHY Year Net Credit Sales Ending Accounts Receivable 2017 net credit sales $2,988,000 accounts recievable $1,293,450 2018 net credit sales 3,756,860 accounts recievable 1,348,600 2019 net credit sales 4,001,350 accounts recievable 1,546,550 A. Compute the accounts receivable turnover ratios and the number of days’ sales in receivables ratios for 2018 and 2019. Round your answers to two decimal places. B. What do the outcomes tell a potential investor about Candid Photography if industry average for accounts receivable turnover ratio is 3 times and days’ sales in receivables ratio is 150 days? a. Candid collects its accounts more quickly than its competitors. b. A lender may favour Candid over its competitors because of its faster collection period. c. Past data suggests that the collection period is increasing from 2018 to 2019, which is something that might concern an investor if…
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