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 A 1.00 times 2.60 times 40 % $ $ $ 4 times 517000

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 A 1.00 times 2.60 times 40 % $ $ $ 4 times 517000

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

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The ratio of liabilities to stockholders' equity measures how much of the company is financed by debt and equity. It is computed as follows: To illustrate, the ratio of liabilities to stockholders' equity for Lincoln Company is computed as follows Current Assets - CurrentLiabilities = Calculated Value 1. Working capital: Ratio Numerator ÷ Denominator = Calculated Value 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of Fixed assets to long-term liabilities…
Assets: Cash Accounts receivable (net) Investments Inventory Prepaid rent Total current assets Property & Equipment, (net) Total assets $66 179 55 200 28 528 264 $792 Liabilities and Stockholder's Equity: Accounts payable Other liabilities Total current liabilities Long-term liabilities Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity What is the debt to equity ratio? (Round your answer to two decimal places.) $246 81 327 118 445 156 191 347 $792
Bronco Electronics' current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data were abstracted from a recent financial statement: inventory $190,000 total assets 1,970,000 current ration 3.6 acid test ratio 2.35 debt to equity ratio 1.5 COMPUTE THE CURRENT ASSETS
Income statement and balance sheet data for The Athletic Attic are provided below.Required: 1. Calculate the following risk ratios for 2021 and 2022: a. Receivables turnover ratio. c. Current ratio. b. Inventory turnover ratio. d. Debt to equity ratio. 2. Calculate the following profitability ratios for 2021 and 2022: a. Gross profit ratio. c. Profit margin. b. Return on assets. d. Asset turnover. 3. Based on the ratios calculated, determine whether overall risk and profitability improved from 2021 to 2022.
Required information [The following information applies to the questions displayed below.] Golden Corporation's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) any change in Income Taxes Payable reflects the accrual and cash payment of taxes. Assets Cash Accounts receivable Inventory Total current assets Equipment Accumulated depreciation-Equipment Total assets Liabilities and Equity Accounts payable Income taxes payable Total current liabilities Equity Common stock, $2 par value GOLDEN CORPORATION Comparative Balance Sheets December 31 Paid-in capital in excess of par value, common stock Retained earnings Total liabilities and equity GOLDEN CORPORATION Income Statement For Current Year Ended…
Following are the financial statements of AB Ltd. for 2010. From the aforementioned table, calculate the following: Current ratio Liquid ratio Receivables turnover ratio and collection period Inventory turnover and holding period Fixed assets turnover Total assets turnover Debt ratio D/E ratio Interest coverage ratio PAT margin ROA ROE EPS D/P ratio P/E ratio Book value per share
Please show full steps along with concept.
a. Compute the current ratio for the current year. (Abbreviations used: STI = Short-term investments. Round your answer to two decimal places, X.XX.) Current ratio More Info a. Current ratio b. Cash ratio c. Acid-test ratio d. Inventory turnover e. Days' sales in inventory f. Days' sales in receivables g. Gross profit percentage Print Done Choose from any list or enter any number in the input fields a Financial Statements Balance Sheet: Cash Short-term Investments Net Accounts Receivables Merchandise Inventory Prepaid Expenses Total Current Assets Total Current Liabilities Income Statement: Net Credit Sales Cost of Goods Sold $ Current Year Preceding Year 15,000 $ 11,000 56,000 64,000 13,000 159,000 132,000 465,000 317,000 29,000 27,000 94,000 82,000 7,000 239,000 89,000
The following information applies to the questions displayed below.] Simon Company's yearend balance sheets follow. Current 2 31 Assets Cash Accounts receivable , Merchandise inventory Prepaid expenses ? assets , Total assets Liabilities and Equity Bccounts payable Long-term payable secured by mortgages on plast assets Common stock, $ 10 par value earnings Total Isabilities and equity $ 31,224 89,900 115,000 10,055 277, 807 $523.985 $ 37,266 62,200 50,400 84,000 57,000 4,141 259,433 223,893 $ 451,712 372, 701 $ 131,777$ 77,103 $ 99,494 162,500 130.215 $523.986 104, 5 83,190 162,500 162,500 107.176 77.322 $ , 712 372, 70
use the following information to make a Common size income statement
The following items are reported on a company's balance sheet: $212,700 90,200 252,800 196,700 278,400 Cash Marketable securities Accounts receivable Inventory Accounts payable Determine the (a) current ratio, and (b) quick ratio. Round your answers to one decimal place. a. Current ratio b. Quick ratio
Explain the major financial ratios and financial cycles, debt ratio, debt to equity ratio, return on assets, return on equity, current ratio, quick ratio, inventory turnover, days in inventory, accounts receivable turnover, accounts receivable cycle in days, accounts payable turnover, accounts payable cycle in days, earnings per share (EPS), price to earnings ratio (P/E), and cash conversion cycle (CCC) and state the significance of each for financial management. Include examples based on a hypothetical balance sheet and income statement. Can CCC be negative? If so, what does it indicate? Explain working capital and its significance. Evaluate working capital in your example given in part “a” of this DQ2.

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