Please give me Fast answer. The following table presents selected 2020 annual income statement items and balance sheet items for Toyota Motor and Apple. Allfigures are in millions. Use the information to answer the questions that follow.AppleSalesCost of goods soldAccounts receivableToyota¥ 31,097,24524,662,3648,723,065$ 281,515176,55923,12011,061InventoryAccounts payable2,441,9182,450,980a. Calculate the length of the operating cycle for Toyota and Apple.49,296b. Calculate the length of the cash conversion cycle for Toyota and Apple.Note: Negative value should be indicated by parentheses. Round your answers to 1 decimal place.a. operating cycle cash conversion cycleb. cash conversion cycle conversion cycleToyotadaysdaysAppledaysdays

Formula for Operating Cycle:Operating Cycle = Inventory Period + Accounts Receivable PeriodInventory…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following table presents selected 2020 annual income statement items and balance sheet items for Toyota Motor and Apple. All figures are in millions. Use the information to answer the questions that follow. ok Sales Cost of goods sold k Accounts receivable Inventory Accounts payable . Toyota Y 28,735,780 24,562,364 Apple $ 276,515 171,559 8,713,065 18,120 2,436,918 6,061 int ences 2,438,980 a. Calculate the length of the operating cycle for Toyota and Apple. 44,296 b. Calculate the length of the cash conversion cycle for Toyota and Apple. Note: Negative value should be indicated by parentheses. Round your answers to 1 decimal place. - a operating cycle cash conversion cycle b. cash conversion cycle conversion cycle Toyota 36 2 days days Apple days day's
The following table presents selected 2020 annual income statement items and balance sheet items for Toyota Motor and Apple. All figures are in millions. Use the information to answer the questions that follow. Sales Cost of goods sold Accounts receivable Inventory Accounts payable Toyota ¥31,095,245 24,602,364 8,717,065 2,438,918 2,443,780 a. operating cycle cash conversion cycle b. cash conversion cycle conversion cycle a. Calculate the length of the operating cycle for Toyota and Apple. b. Calculate the length of the cash conversion cycle for Toyota and Apple. Note: Negative value should be indicated by parentheses. Round your answers to 1 decimal place. Apple Apple $ 278,515 173,559 20, 120 8,061 46,296 Toyota days days days days
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The following information is available for Ayayai Corp. for 2023: Payment for goods during year Accounts Payable, beginning Inventory, beginning Accounts Payable, ending Inventory, ending Cost of goods sold for 2023 is $106100. $120600. $137700. $106300. $106200 14200 31500 14100 17000
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
Direction: The following list of accounts for Pazado, Inc is available at the end of December 2020. Make a summary of Income Statement from the given information below with the following required data. 1. Calculate the turnover/ROI 2. Calculate the consumption of goods for sale 3. Prepare the Income Statement of Pazado, Inc for year 2020. Sales Rent Expense Depreciation Expense Utilities Expense Taxes and Licenses Goods Available for Sale Merchandise, Inventory, January 31 Salaries Expense Freight, out Uncollectible Accounts Sales Discount Sales Returns and Allowance 902,000 30,000 11,250 18,000 15,000 714,900 102,000 50,000 3.920 19,100 5,000 13,000
Presented below is information for Ayayai Company for the month of March 2020. Cost of goods sold $212,100 Rent expense $30,100 Freight-out 6,010 Sales discounts 7,010 Insurance expense 5,100 Sales returns and allowances 12,010 Salaries and wages expense 55,100 Sales revenue 385,000 Compute the gross profit rate. (Round answer to 2 decimal places, e.g. 25.20%.) Gross profit rate Enter the gross profit rate in percentages %
Calculate the horizontal (trend) analysis, and horizontal % change for 2020, 2019, 2018 in excel. Please use excel and display the formula's used. Thank you! Toyota Motor Corporation Income Statement 2018-2020 2020 2019 2018 Sales 29929992 30225681 29379510 Cost of Goods Sold 24522364 24781785 23889153 Gross Profit 5407628 5443896 5490357 Selling, general and administrative 2964759 2976351 3090495 Operating Income 2442869 2467545 2399862 Other income (expense) Interest and dividend income 232870 225495 179541 Interest expense -32217 -28078 -27586 Foreign exchange gain, net -79020 12400 22664 Unrealized gains (losses) -24600 -341054 0 Other income (loss), net 14705 -50843 45948 Total other income (expense) 111738 -182080 220567 Income before income taxes and equity 2554607 2285465 2620429 Provision for…
The following information was taken from the financial statements of Sunland Company: 2021 2020 Gross profit on sales $678,600 $760,000 Income before income taxes 205,400 225,000 Net income 260,000 225,000 Net income as a percentage of net sales 10% 9% Please show steps to finding answer Compute the cost of goods sold in dollars and as a percentage of net sales for each year. (Round percentages to 1 decimal place, e.g. 15.2%) 2021 2020 Cost of goods sold in dollars $enter a dollar amount $enter a dollar amount Cost of goods sold as a percentage of net sales nter percentages rounded to 1 decimal place % nter percentages rounded to 1 decimal place %
The following information is available for Grace Company for 2020: Disbursements for purchases P1,050,000; Increase in trade accounts payable 75,000; Decrease in merchandise inventory 30,000; Costs of goods sold for 2010 was P1,155,000. P1,095,000. P945,000.
How much should PINK report as current assets on December 31, 2021?
The following balances were reported by ABC Co. at December 31, 2020 and 2019: 12/31/20 P2,600,000 P2,900,000 750,000 12/31/19 Inventory Account payable 500,000 ABC Co. paid suppliers P4,900,000 during 2020. How much is the cost of goods sold in 2020?

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