X Co. has the following information: Sale $ 1,200,000 Cost of sales $800,000 Operating expenses $200,000 current liabilities $120,000 Non-current liabilities $200,000 share capital $ 500,000 Retained earnings $ 300,000 the gross margin ratio is а. 3 x b. 20% С. 17% d. 34%

X Co. has the following information: Sale $ 1,200,000 Cost of sales $800,000 Operating expenses $200,000 current liabilities $120,000 Non-current liabilities $200,000 share capital $ 500,000 Retained earnings $ 300,000 the gross margin ratio is а. 3 x b. 20% С. 17% d. 34%

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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1. Based on the following information: Trial balance trade investment Equity Sale Sale allowances trade payables Cos CAD $ 300,000.00 $2,000,000.00 $3,000,000.00 $ 250,000.00 $ 800,000.00 $ 800,000.00 long term debt Cash $ 300,000.00 salary advance slow moving Inventory $ $1,000,000.00 70,000.00 $ 300,000.00 fast moving inventories $ 500,000.00 Pre payment $ 500,000.00 bad debt receivables non current asset long term investment $ (50,000.00) $ 400,000.00 $2,000,000.00 $ 450,000.00 Accumulated Depreciation $ (800,000.00) Calculate the following ratios: a. Company working capital b. Current ratio c. Quick ratio d. Inventory turnover e. Receivable turnover f. Asset turn over
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Book rences Required: a. Firm D has net income of $64,296, sales of $1,368,000, and average total assets of $760,000. Calculate the firm's margin, turnover, and ROI. b. Firm E has net income of $120,218, sales of $1,939,000, and ROI of 8.68%. Calculate the firm's turnover and average total assets. c. Firm F has ROI of 12.40%, average total assets of $1,540,000, and turnover of 0.8. Calculate the firm's sales, margin, and net income. Complete this question by entering your answers in the tabs below. Required A Required B Required C Firm D has net income of $64,296, sales of $1,368,000, and average total assets of $760,000. Calculate the firm's margin, turnover, and ROI. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Margin Turnover ROI % % Required B >
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