The Seymour Corp had the following financial statements: Cash Receivables Inventory Current Assets Balance Sheet (5000) Fixed Assets Gross Accum, deprec Net Fixed Assets Total Assets Accts payable Wages payable Current Liabilities 12/31/18 2,745 19,847 10.045 32,632 80,128 ASSETS 19,903 52.535 Long term debt 36,490 Equity 12.163 Total Liab, & Equity 52.535 12/31/19 1,071 24,691 15.621 41,383 97,432 29,356 20.739 LIABILITIES AND EQUITY 3,114 6,307 768 3,882 7,221 48,128 15,390 70.739 Calculate the inventory turnover for 2019. Income Statement For the Year ended 12/31/19 (5000) Sales COGS Gross Margin Depreciation Exp. 7,851 Other Expenses 26,217 EBIT Interest EBT Taxes 88,765 Net Income 14,691 4.312 10,379 4.152 dividends 3,000 addition to R/E 3.227
The Seymour Corp had the following financial statements: Cash Receivables Inventory Current Assets Balance Sheet (5000) Fixed Assets Gross Accum, deprec Net Fixed Assets Total Assets Accts payable Wages payable Current Liabilities 12/31/18 2,745 19,847 10.045 32,632 80,128 ASSETS 19,903 52.535 Long term debt 36,490 Equity 12.163 Total Liab, & Equity 52.535 12/31/19 1,071 24,691 15.621 41,383 97,432 29,356 20.739 LIABILITIES AND EQUITY 3,114 6,307 768 3,882 7,221 48,128 15,390 70.739 Calculate the inventory turnover for 2019. Income Statement For the Year ended 12/31/19 (5000) Sales COGS Gross Margin Depreciation Exp. 7,851 Other Expenses 26,217 EBIT Interest EBT Taxes 88,765 Net Income 14,691 4.312 10,379 4.152 dividends 3,000 addition to R/E 3.227
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Calculate the inventory turnover for 2019.
Transcribed Image Text:The Seymour Corp had the following financial statements:
Cash
Receivables
Inventory
Current Assets
Balance Sheet
(5000)
Fixed Assets
Gross
Accum, deprec
Net Fixed Assets
Total Assets
Accts payable
Wages payable
Current Liabilities
12/31/18
2,745
19,842
10.045
32,632
80,128
(60,225)
19,903
52,535
ASSETS
Long term debt
Equity
Total Liab, & Equity 52.535
36,490
12.163
12/31/19
1,071
24,691
15.621
41,383
LIABILITIES AND EQUITY
3,114
768
3,882
97,432
(68,076)
29,356
20.739
6,307
914
7,221
48,128
15,390
20.739
Calculate the inventory turnover for 2019.
Income Statement
For the Year ended 12/31/19
(5000)
Sales
COGS
Gross Margin
Depreciation Exp. 7,851
Other Expenses 26,217
EBIT
Interest
EBT
Taxes
88,765
Net Income
14,691
4.312
10,379
4.152
dividends
3,000
addition to R/E 3.227
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