Homework Help is Here – Start Your Trial Now!
Business
Accounting
The current ratio for Dana Dairy Products in 2023 was _________. 0.63 1.10 1.58 0.91 the average collection period for Dana Dairy Products in 2023 was 35.9 days. 32.5 days. 11.8 days. 25.3 days. the inventory management at Dana Dairy Products _________ since 2022. remained the same cannot be determined has deteriorated has improved slightly the debt ratio for Dana Dairy Products in 2023 was 55 percent. 50 percent. 11 percent. 44 percent.   the return on equity for Dana Dairy Products for 2023 was 50 percent. 0.9 percent. 0.6 percent. 5.6 percent

The current ratio for Dana Dairy Products in 2023 was _________. 0.63 1.10 1.58 0.91 the average collection period for Dana Dairy Products in 2023 was 35.9 days. 32.5 days. 11.8 days. 25.3 days. the inventory management at Dana Dairy Products _________ since 2022. remained the same cannot be determined has deteriorated has improved slightly the debt ratio for Dana Dairy Products in 2023 was 55 percent. 50 percent. 11 percent. 44 percent.   the return on equity for Dana Dairy Products for 2023 was 50 percent. 0.9 percent. 0.6 percent. 5.6 percent

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

The current ratio for Dana Dairy Products in 2023 was _________.

0.63
1.10
1.58
0.91

the average collection period for Dana Dairy Products in 2023 was
35.9 days.
32.5 days.
11.8 days.
25.3 days.

the inventory management at Dana Dairy Products _________ since 2022.
remained the same
cannot be determined
has deteriorated
has improved slightly
the debt ratio for Dana Dairy Products in 2023 was
55 percent.
50 percent.
11 percent.
44 percent.
 
the return on equity for Dana Dairy Products for 2023 was
50 percent.
0.9 percent.
0.6 percent.
5.6 percent.
For Nos. 61 to 65 Dana Dairy Products Key Ratios Actual Industry Average 2022 Current Ratio Quick Ratio Average collection Period Inventory Turnover Debt Ratio Times Interest Earned Gross Profit Margin Net Profit Margin Return on total assets Return on Equity Sales Revenue Less: Cost of Goods Sold Income Statement Dana Dairy Products For the Year Ended December 31, 2023 P Gross Profits Less: Operating Expenses Operating Profits Less: Interest Expense Net Profits Before Taxes Less: Taxes (40%) Net Profits After Taxes P P P 1.3 0.8 P 23 days 21.7 64.70% 4.8 13.60% 1.00% 2.90% 8.20% 100,000 87,000 13,000 11,000 2,000 500 1,500 600 900 1 0.75 30 days 19 50% 5.5 12.00% 0.50% 2.00% 4.00% Actual 2023 Cash Accounts Receivable Inventories Total Current Assets Gross Fixed Assets Less: Accumulated Depreciation Net Fixed Assets Total Assets Accounts Payable Accruals Total Current Liabilities Longterm Debt Total Liabilities Common Stock Balance Sheet Dana Dairy Products December 31, 2023 Assets P Liabilities & Stockholders' Equity P 35,000 13,250 Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders Equity P P P 1,000 8,900 4,350 14,250 21,750 36,000 9,000 6,675 15,675 4,125 19,800 1,000 15,200 16,200 36,000
Transcribed Image Text:For Nos. 61 to 65 Dana Dairy Products Key Ratios Actual Industry Average 2022 Current Ratio Quick Ratio Average collection Period Inventory Turnover Debt Ratio Times Interest Earned Gross Profit Margin Net Profit Margin Return on total assets Return on Equity Sales Revenue Less: Cost of Goods Sold Income Statement Dana Dairy Products For the Year Ended December 31, 2023 P Gross Profits Less: Operating Expenses Operating Profits Less: Interest Expense Net Profits Before Taxes Less: Taxes (40%) Net Profits After Taxes P P P 1.3 0.8 P 23 days 21.7 64.70% 4.8 13.60% 1.00% 2.90% 8.20% 100,000 87,000 13,000 11,000 2,000 500 1,500 600 900 1 0.75 30 days 19 50% 5.5 12.00% 0.50% 2.00% 4.00% Actual 2023 Cash Accounts Receivable Inventories Total Current Assets Gross Fixed Assets Less: Accumulated Depreciation Net Fixed Assets Total Assets Accounts Payable Accruals Total Current Liabilities Longterm Debt Total Liabilities Common Stock Balance Sheet Dana Dairy Products December 31, 2023 Assets P Liabilities & Stockholders' Equity P 35,000 13,250 Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders Equity P P P 1,000 8,900 4,350 14,250 21,750 36,000 9,000 6,675 15,675 4,125 19,800 1,000 15,200 16,200 36,000
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 7 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Ratio Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS