THE BALANCE SHEET OF A LIPSTICK MANUFACTURER REPORTS THE FOLLOWING: CASH ACCOUNTS RECEIVABLE INVENTORY $431,000 $639,000 300,000 MARKETABLE SECURITIES $230,000 CURRENT LIABILITIES LONG-TERM LIABILITIES BASED 500,000 676,000 ON THE INFORMATION MANUFACTURER'S QUICK RATIO IS? PROVIDED, THE LIPSTICK
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- PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current assets: Cash Accounts receivable Inventory Investments $242,000 98,000 105,000 5,000 $ 130,000 102,000 90,000 3,000 Long-term assets: Land Equipment Less: Accumulated depreciation 580,000 890,000 (528,000) $1,392,000 580,000 770,000 (368,000) $1,307,000 Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payab le Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings $ 109,000 7,000 9,000 95,000 13,000 6,000 2$ 110,000 220,000 800,000 357,000 $1,392,000 $1,307,000 800,000 173,000 Total liabilities and stockholders' equity Additional information for 2021: 1. Net income is $184,000. 2. Sales on account are $1,890,000. 3. Cost of goods sold is $1,394,250.Assuming that all sales were on account, calculate the following risk ratios for 2024. Risk Ratios1. Receivables turnover ratio 38.3 times2. Average collection period 9.5 days3. Inventory turnover ratio 15.1 times4. Average days in inventory 24.2 days5. Current ratio 4.0 6. Acid-test ratio ? 7. Debt to equity ratio ? %8. Times interest earned ratio ? timesRefer to the following selected financial information from WorkFit Corporation. Compute the company's acid-test ratio. Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Current liabilities Multiple Choice O O O 2.76. 0.91. 1.10. 2.67. 1.63. $ 42,250 59,180 79,500 115,000 9,700 111,000
- An analysis of the liquidity and efficiency ratios for XYZ Trading shows the following results. Ratio Current ratio Acid-test ratio 2022 2021 2.5 2.0 0.7 0.9 Days' sales uncollected Days' sales in inventory 42 days 30 days 29 days 15 days Days' purchases in accounts payables 76 days 30 days Use the above financial ratios to evaluate the financial performance of XYZ Trading.4. The following select financial statement information from Hogge Computing. Compute the accounts receivable turnover ratios and the number of days' sales in receivables ratios for 2021 and 2022 (round answers to two decimal places). Year 2020 2021 2022 2021: Net Credit Sales 2022: $1,557,200 $1,755,310 $1,965,170 Accounts Receivable Turnover Ratio: • Days' Sales: days Accounts Receivable Turnover Ratio: Days' Sales: days times times Ending Accounts Receivable $397,000 $465,200 $505,7809. AllStarBank has the following balance sheet (in millions): Assets $ 30 90 50 Total assets $170 Cash Loans Securities Liabilities and Equity $110 40 Equity 20 Total liabilities and equity $170 Deposits Borrowed funds AllStarBank's largest customer decides to exercise a $15 million loan co ment. How will the new balance sheet appear if AllStar uses the fol liquidity risk strategies? a. Stored liquidity management. b. Purchased liquidity management. mi
- What is the overall assement of the company's credit risk (explain)? Is there any difference between the two years?please anwer all the questions i have mentioned below : - A company has the following items for the fiscal year 2020: Cash = 2 million Marketable securities = 3 million Account receivables (A/R) = 1.5 million Inventories = 8.5 million Total current liabilities = 8 million Calculate the company’s current ratio and quick ratio 2. Write the formula for the following ratios and what each ratio measures: Asset turnover Inventory Turnover and Days Inventory Receivable Collection Period 3. Write down the DuPont framework. How would you explain to your non-MBA non-Finance friend about the DuPont framework and why it is important?What company is better in the short term investment
- We are given the following information for Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $2,068,000 150,000 923,000 763,000 a. Accounts receivable b. Marketable securities c. Capital assets. d. Long-term debt $ Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items: LA LA LA $ $ 1.00 times 2.60 times $ 40 % 4 times 517000The best approach to measuring liquidity takes into account changes over time in both liquidity needs and sources. A financial ratio that does this consists of in period t over in period t. liquid assets and liabilities; estimated liquidity needs liquid assets; estimated liabilities estimated reserve needs; liquid assets and liabilities liabilities; estimated liquid assets Given the following information: interest sensitive assets = $300 30-day commercial paper interest sensitive liabilities = $400 90-day CDs 30-day commercial paper is 50 percent as volatile as 90-day T-bills 90-day CDs are 120 percent as volatile as 90-day T-bills Calculate the standardized gap for the bank. A. $160 B. $563 C. -$100 D. -$330 All else the same, a positive duration gap causes the liquidity of the bank to: A. Increase B. decrease C. change only when the level of interest rates is high D. change only when the level of interest rates is low If the…A bank’s customer wants to exercise a $6,750,000 loan commitment. Show the balance sheet after the loan is established using purchased liquidity to fund the loan. Assets Liabilities and Equity Cash $1,550,000 Deposits $7,960,000 Loans 3,470,000 Equity 1,440,000 Securities 4,380,000 Total Assets $9,400,000 Total Liabilities and Equity $9,400,000 Please answer with excel explaination. Don't upload image.