What are the firm's days' sales outstanding for 2018 and 2019?Income Statements ($ in millions)Balance Sheets ($ in millions)20182019 Assets20182019$1,265 | Cash$780 Short-Term investments$92 | Accounts rec.Sales Revenue$1,180$35$20$660$20$5Less: Cost of goods soldLess: Operating ExpensesLess: DepreciationEarnings before interest and taxesLess: Interest paid$75190235$50 Inventory$343 Total Current Assets$40250300$405$495$560$170$150 | Net fixed assets9901,105Taxable Income$235$193Less: Taxes (40%)$94$77 Total assets$1,4851,665Net income$141$116 Liabilities and Owner's EquityDividends (45%)Additions to Retained Earnings$63$5220182019$78$64 Accounts payable$125$100Accruals$10$10Notes payable3540Total Current Liabilities$170$150Long-term debt598790Total Liabilities$768$940Common stock554498Retained earningsTotal EquityTotal liab.& equity163$227717$725$1,485$1,665

Days' sales Outstanding = 365 × Account Receivable / Sales 2018 (in million) 2019 (in…

What are the firm's days' sales outstanding for 2018 and 2019? Income Statements ($ in millions) Balance Sheets ($ in millions) 2018 2019 | Assets 2018 2019 Sales Revenue $1,265 | Cash $1,180 $660 $35 $20 Less: Cost of goods sold Less: Operating Expenses Less: Depreciation Earnings before interest and taxes Less: Interest paid $780 $92 | Accounts rec. Short-Term investments $20 $5 $75 190 235 $40 $50 | Inventory 250 300 $405 $343 Total Current Assets $495 $560 $170 $150 | Net fixed assets 990 1,105 Taxable Income $235 $193 $77 Total assets $116 Liabilities and Owner's Equity Less: Taxes (40%) $94 $1,485 1,665 Net income $141 Dividends (45%) Additions to Retained Earnings $63 2018 2019 $52 $64 $78 Accounts payable $125 $100 Accruals $10 $10 Notes payable 35 40 Total Current Liabilities $170 $150 Long-term debt 598 790 Total Liabilities $768 $940 Common stock 554 498 Retained earnings Total Equity Total liab.& equity 163 $227 717 $725 $1,485 $1,665

What are the firm's days' sales outstanding for 2018 and 2019? Income Statements ($ in millions) Balance Sheets ($ in millions) 2018 2019 | Assets 2018 2019 Sales Revenue $1,265 | Cash $1,180 $660 $35 $20 Less: Cost of goods sold Less: Operating Expenses Less: Depreciation Earnings before interest and taxes Less: Interest paid $780 $92 | Accounts rec. Short-Term investments $20 $5 $75 190 235 $40 $50 | Inventory 250 300 $405 $343 Total Current Assets $495 $560 $170 $150 | Net fixed assets 990 1,105 Taxable Income $235 $193 $77 Total assets $116 Liabilities and Owner's Equity Less: Taxes (40%) $94 $1,485 1,665 Net income $141 Dividends (45%) Additions to Retained Earnings $63 2018 2019 $52 $64 $78 Accounts payable $125 $100 Accruals $10 $10 Notes payable 35 40 Total Current Liabilities $170 $150 Long-term debt 598 790 Total Liabilities $768 $940 Common stock 554 498 Retained earnings Total Equity Total liab.& equity 163 $227 717 $725 $1,485 $1,665

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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What is net income ? 251+113 = 364 ??? İs true or not
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What does this say about the company?
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Hi this is one question. The excel sheet is the data to answer the question
What is net income ? 251+113 =364 or only 251 ?????
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