Sub : Accounting Pls answer very fast.I ll upvote correct answer. Thank You Financial information for Sigma Company is presented below. Calculate the following ratios for Year 2. (a) Inventory turnover. (b) Accounts receivable turnover. (c) Return on total assets. (d) Times interest earned. (e) Total asset turnover. Year 2 Year 1 Assets: Cash $ 18,000 $ 22,000 Marketable securities 25,000 0 Accounts receivable 38,000 42,000 Inventory 61,000 52,000 Prepaid insurance 6,000 9,000 Long-term investments 49,000 20,000 Plant assets, net 218,000 225,000 Total assets $ 415,000 $ 370,000 Net income after interest expense and taxes $ 62,250 Sales (all on credit) 305,000 Cost of goods sold 123,000 Interest expense 15,600 Income tax expense 27,000
Sub : Accounting Pls answer very fast.I ll upvote correct answer. Thank You Financial information for Sigma Company is presented below. Calculate the following ratios for Year 2. (a) Inventory turnover. (b) Accounts receivable turnover. (c) Return on total assets. (d) Times interest earned. (e) Total asset turnover. Year 2 Year 1 Assets: Cash $ 18,000 $ 22,000 Marketable securities 25,000 0 Accounts receivable 38,000 42,000 Inventory 61,000 52,000 Prepaid insurance 6,000 9,000 Long-term investments 49,000 20,000 Plant assets, net 218,000 225,000 Total assets $ 415,000 $ 370,000 Net income after interest expense and taxes $ 62,250 Sales (all on credit) 305,000 Cost of goods sold 123,000 Interest expense 15,600 Income tax expense 27,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Sub : Accounting
Pls answer very fast.I ll upvote correct answer. Thank You
Financial information for Sigma Company is presented below. Calculate the following ratios for Year 2.
(a) Inventory turnover.
(b)
(c) Return on total assets.
(d) Times interest earned.
(e) Total asset turnover.
| Year 2 | Year 1 | |
|---|---|---|
| Assets: | ||
| Cash | $ 18,000 | $ 22,000 |
| Marketable securities | 25,000 | 0 |
| Accounts receivable | 38,000 | 42,000 |
| Inventory | 61,000 | 52,000 |
| Prepaid insurance | 6,000 | 9,000 |
| Long-term investments | 49,000 | 20,000 |
| Plant assets, net | 218,000 | 225,000 |
| Total assets | $ 415,000 | $ 370,000 |
| Net income after interest expense and taxes | $ 62,250 |
|---|---|
| Sales (all on credit) | 305,000 |
| Cost of goods sold | 123,000 |
| Interest expense | 15,600 |
| Income tax expense | 27,000 |
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