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What is the “days of inventory” in 20x2? (Use 365 days) 30.49 What is the return on assets in 20x2?                              0.28 What is the “days of receivable” in 20x2? (Use 365 days)    23.66  note: I already have the answer I just need you to put the solution here how did you come up with the answer

What is the “days of inventory” in 20x2? (Use 365 days) 30.49 What is the return on assets in 20x2?                              0.28 What is the “days of receivable” in 20x2? (Use 365 days)    23.66  note: I already have the answer I just need you to put the solution here how did you come up with the answer

Century 21 Accounting General Journal
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter17: Financial Statement Analysis
Section17.4: Analyzing Financial Statements Using Financial Ratios
Problem 1WT
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  • What is the “days of inventory” in 20x2? (Use 365 days) 30.49
  • What is the return on assets in 20x2?                              0.28
  • What is the “days of receivable” in 20x2? (Use 365 days)    23.66

 note: I already have the answer I just need you to put the solution here how did you come up with the answer

You are an investor. You are deciding whether to invest in the shares of stocks of ABC Group. You have obtained the following financial information for your analysis: ABC Group Statement of financial position As of December 31, 20x2 (amounts in Philippine Pesos) Notes 20x2 20x1 ASSETS Current assets Cash and cash equivalents P 698,020 P 280,000 Accounts receivable 500,000 400,000 100,000 Inventories Other current assets Total current assets 100,000 1,698,020 180,000 28,000 588,000 Non-current assets Investments in equity instruments 240,000 260,000 2,800,000 Property, plant and equipment Other intangible assets Goodwill 2,750,000 600,000 90,000 640,000 90,000 Total non-current assets Total assets 3,680,000 3,790,000 P5,378,020 P4,378,000 LIABILITIES AND EQUITY Current liabilities Trade and other payables P 287,500 P 200,000 Short-term borrowings Current tax payable 50,000 1,987,260 15,480 69,960 Short-term provisions Current portion of long-term borrowings 6,000 4,000 40,000 453,460 40,000 2,246,740 Total current liabilities Non-current liabilities Long-term borrowings Deferred tax Total non-current liabilities Total liabilities 120,000 160,000 70,000 190,000 643,460 50,000 210,000 2,456,740 Equity Share capital Retained earnings Other components of equity 16.1 3,500,000 1,000,000 947,800 119,800 725,160 Non-controlling interests Total equity 4,567,600 166,960 4,734,560 94,800 1,819,960 101,300 1,921,260 Total liabilities and equity P5,378,020 P4,378,000 • Additional information: • ABC Group has total sales of P5,787,648 in 20x2, 80% of which were on credit. • ABC Group's cost of sales in 20x2 was P3,472,589. • ABC Group's profit in 20x2 was P1,515,059. • NOTE: Round-off answers to two decimal places.
Transcribed Image Text:You are an investor. You are deciding whether to invest in the shares of stocks of ABC Group. You have obtained the following financial information for your analysis: ABC Group Statement of financial position As of December 31, 20x2 (amounts in Philippine Pesos) Notes 20x2 20x1 ASSETS Current assets Cash and cash equivalents P 698,020 P 280,000 Accounts receivable 500,000 400,000 100,000 Inventories Other current assets Total current assets 100,000 1,698,020 180,000 28,000 588,000 Non-current assets Investments in equity instruments 240,000 260,000 2,800,000 Property, plant and equipment Other intangible assets Goodwill 2,750,000 600,000 90,000 640,000 90,000 Total non-current assets Total assets 3,680,000 3,790,000 P5,378,020 P4,378,000 LIABILITIES AND EQUITY Current liabilities Trade and other payables P 287,500 P 200,000 Short-term borrowings Current tax payable 50,000 1,987,260 15,480 69,960 Short-term provisions Current portion of long-term borrowings 6,000 4,000 40,000 453,460 40,000 2,246,740 Total current liabilities Non-current liabilities Long-term borrowings Deferred tax Total non-current liabilities Total liabilities 120,000 160,000 70,000 190,000 643,460 50,000 210,000 2,456,740 Equity Share capital Retained earnings Other components of equity 16.1 3,500,000 1,000,000 947,800 119,800 725,160 Non-controlling interests Total equity 4,567,600 166,960 4,734,560 94,800 1,819,960 101,300 1,921,260 Total liabilities and equity P5,378,020 P4,378,000 • Additional information: • ABC Group has total sales of P5,787,648 in 20x2, 80% of which were on credit. • ABC Group's cost of sales in 20x2 was P3,472,589. • ABC Group's profit in 20x2 was P1,515,059. • NOTE: Round-off answers to two decimal places.
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