Smith Manufacturing Company had a quick ratio of 1.2, a current ratio of 2.5, an inventory turnover ratio of 6, total current assets of $750,000, and cash and equivalents of $100,000 in 2023. If the cost of goods sold equaled 80 percent of sales, what were Smith's annual sales and DSO?
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- A company has the following items for the fiscal year 2020: Revenue =10 million Cost of goods sold = 3 million EBITDA = 5 million EBIT = 4 million Net income = 2 million Calculate the company’s net profit margin Write the formula for the following ratios and what each ratio measures: Current Ratio Quick RatioI want the correct answer with accountingRose Corporation's gross profit in 2023 was $800,000. If the cost of goods sold was 75% of sales, sales must have been A. $1,600,000 B. $2,400,000 C. $3,200,000 D. $4,000,000
- Bajaj Ltd. reported the following statistics and results for 2020: Net operating income Return on sales $ 54,000 Asset turnover 2.5 Residual income $ 10,880 Required: 1. What was the value of Bajaj's average operating assets in 2020? Average operating assets 2 If the required rate of return is 7% what Is the ROI? (Round your answer to 2 decimal places.) ROIPharoah Company reported net sales of $407000, $454000, and $545380 in the years 2021, 2022, and 2023, respectively. If 2021 is the base year, what is the trend percentage for 2023?XYZ Corporation had the following data in 2022 below: Total assets = P300,000Gross profit margin = 25%Quick ratio = 0.80 xBond payable = P60,000Days sales outstanding = 36 daysDebt ratio = 50%Retained earnings = P97,500Times interest earned= 6 xInventory turnover = 5 xTotal assets turnover = 1.5 xNo. of days in a year = 360 days Tax rate = 35%Compute the average merchandise inventory.
- XYZ Corporation had the following data in 2022 below: Total assets = P300,000Gross profit margin = 25%Quick ratio = 0.80 xBond payable = P60,000Days sales outstanding = 36 daysDebt ratio = 50%Retained earnings = P97,500Times interest earned= 6 xInventory turnover = 5 xTotal assets turnover = 1.5 xNo. of days in a year = 360 days Tax rate = 35%Compute the total liabilities.In 2022, 3M Co. had the total sales of $34,229 million, costs of $19,232 million, and net income of $5,777 million. What would be the percentage for sales on its 2022 common size income statement? 56.19% 16.88% Ⓒ100.00% 30.04%In 2020 Coca Cola reported net operating revenues of P18.2 billion and cost of goods sold for P0.8 billion. Their gross profit percentage for 2020 was
- If a company's sales are $650,000 in 2021, and this represents an 5% increase over sales in 2020, what were sales in 2020? (Round your answer to the nearest dollar amount.) SalesDuring 2024, its first year of operations, Hollis Industries recorded sales of $11,800,000 and experienced returns of $750,000. Cost of goods sold totaled $8,850,000 (75% of sales). The company estimates that 8% of all sales will be returned. How much net revenue will Hollis Industries report at the end of its first year of operations? Net revenue:need solution