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What is the Analysis for year 2018 - 2020?

What is the Analysis for year 2018 - 2020?

FINANCIAL ACCOUNTING
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 the Analysis for year 2018 - 2020?

ACTIVITY RATIOS FORMULA UNIT 2020 2019 2018 ACCOUNTS Net Credit Sales / Average Times 3.85 4.04 3.87 RECEIVABLE Accounts Receivable (X) TURNOVER Ave. Receivables / Average Days Sales Per Day AVERAGE 94.80 90.37 94.31 COLLECTION PERIOD INVENTORY Cost of Goods Sold / Ave. Times 0.54 3.16 3.66 TURNOVER Inventory (X) Ave. Inventory / Cost of Days Goods Sold per Day AVERAGE AGE OF 672.93 115.41 99.64 INVENTORY Average Collection Period + Average Age of Inventory 205.78 193.95 OPERATING CYCLE Days 767.73 FIXED-ASSET Sales / Net Fixed Asset % 0.77 1.55 1.49 TURNOVER RATIO TOTAL ASSET Sales / Total Assets 0.36 0.54 0.47 TURNOVER RATIO
Transcribed Image Text:ACTIVITY RATIOS FORMULA UNIT 2020 2019 2018 ACCOUNTS Net Credit Sales / Average Times 3.85 4.04 3.87 RECEIVABLE Accounts Receivable (X) TURNOVER Ave. Receivables / Average Days Sales Per Day AVERAGE 94.80 90.37 94.31 COLLECTION PERIOD INVENTORY Cost of Goods Sold / Ave. Times 0.54 3.16 3.66 TURNOVER Inventory (X) Ave. Inventory / Cost of Days Goods Sold per Day AVERAGE AGE OF 672.93 115.41 99.64 INVENTORY Average Collection Period + Average Age of Inventory 205.78 193.95 OPERATING CYCLE Days 767.73 FIXED-ASSET Sales / Net Fixed Asset % 0.77 1.55 1.49 TURNOVER RATIO TOTAL ASSET Sales / Total Assets 0.36 0.54 0.47 TURNOVER RATIO
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