PE.17-04B-AccountsReceivable AnalysisA company reports the following:SalesAverage accounts receivable (net)$4,000,000200,000Determine (a) the accounts receivable turnover and (b) the number of days' sales inreceivables. Round interim calculations to the nearest dollar and final answers to onedecimal place. Assume a 365-day year.a. Accounts receivable turnoverb. Number of days' sales in receivablesdays The following data were taken from the balance sheet of Nilo Company at the end of tworecent fiscal years:Current assets:CashMarketable securitiesAccounts and notes receivable (net)InventoriesPrepaid expensesTotal current assetsCurrent liabilities:Accounts and notes payable(short-term)Accrued liabilitiesTotal current liabilitiesCurrent Year1. Working capital2. Current ratio3. Quick ratio$347,700402,600164,700603,900311,100$1,830,000CurrentYear$353,800256,200$610,000Previous Year$254,400286,20095,400420,300268,700$1,325,000Determine for each year (1) the working capital, (2) the current ratio, and (3) the quickratio. Round ratios to one decimal place.$371,000159,000$530,000PreviousYear

Name: PE.17-04B-AccountsReceivable AnalysisA company reports the following:
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: PE.17-04B-AccountsReceivable AnalysisA company reports the following:SalesAverage accounts receivable (net)$4,000,000200,000Determine (a) the accounts receivable turnover and (b) the number of days' sales inreceivables. Round interim calculations to

Since you have asked multiple question, we will solve the first question for you. If you want any…

Business

Accounting

A company reports the following: Sales Average accounts receivable (net) $4,000,000 200,000 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. I a. Accounts receivable turnover b. Number of days' sales in receivables days

A company reports the following: Sales Average accounts receivable (net) $4,000,000 200,000 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. I a. Accounts receivable turnover b. Number of days' sales in receivables days

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 6E: The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal...

See similar textbooks

Similar questions

Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: Note: Round answers to two decimal places. 1. Calculate the times-interest-earned ratio. 2. Calculate the debt ratio. 3. Calculate the debt-to-equity ratio.
Ratio of liabilities to stockholders equity and times interest earned The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years: The income before income tax expense was 480,000 and 420,000 for the current and previous years, respectively. A. Determine the ratio of liabilities to stockholders equity at the end of each year. Round to one decimal place. B. Determine the times interest earned ratio for both years. Round to one decimal place. C. What conclusions can be drawn from these data as to the companys ability to meet its currently maturing debts?
The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities 1. Working capital 2. Current ratio 3. Quick ratio Current Year Current Year $347,700 402,600 164,700 603,900 311,100 $1,830,000 $353,800 256,200 $610,000 Previous Year $254,400 286,200 95,400 420,300 268,700 $1,325,000 Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. $371,000 159,000 $530,000 Previous Year
The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities 1. Working capital 2. Current ratio $310,100 359,000 146,900 570,200 293,800 $1,680,000 3. Quick ratio $278,400 201,600 $480,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year $ $252,000 283,500 94,500 358,700 229,300 $1,218,000 $294,000 126,000 $420,000
The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities. $620,500 718,500 294,000 749,800 386,200 $2,769,000 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Albertini has in current assets relative to current liabilities. $411,800 298,200 $710,000 $496,000 558,000 186,000 529,500 338,500 $2,108,000 $434,000 186,000 $620,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year from the preceding year to the current year. The working capital, current ratio, and quick ratio have all Most of these changes are the result of an
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities $387,600 448,800 183,600 1,032,200 531,800 $2,584,000 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Nilo has improved increased $394,400 285,600 $680,000 $306,800 345,200 115,000 719,800 460,200 $1,947,000 $413,000 177,000 $590,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year ✔ from the preceding year to the current year. The working capital, current ratio, and quick ratio have all ✔Most of these channes are the result of an increase ✔in nurrent accets…
Ratio Analysis Presented below are summary financial data from Porter's annual report: Amounts in millions Balance Sheet Cash and Cash Equivalents Marketable Securities Accounts Receivable (net) Total Current Assets Total Assets Current Liabilities Long-Term Debt- Shareholders' Equity Income Statement Interest Expense Net Income Before Taxes b. Quick ratio $1,850 19,100 9,367 39,088 123,078 38,450 7,279 68,278 Calculate the following ratios: (Round to 2 decimal points) a. Times-interest-earned ratio c. Current ratio 400 14,007
Current Position Analysis The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities 1. Working capital 2. Current ratio $410,400 475,200 194,400 712,800 367,200 $2,160,000 3. Quick ratio b. The liquidity of Albertini has these changes are the result of an $313,200 226,800 $540,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year $ $338,400 380,700 126,900 516,100 329,900 $1,692,000 $329,000 141,000 $470,000 from the preceding year to the current year. The working capital, current ratio, and quick ratio have all in current assets relative to current liabilities.…
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities 1. Working capital 2. Current ratio Current Year Previous Year 3. Quick ratio $391,000 515,000 634,000 368,000 182,000 $2,090,000 $725,000 275,000 $1,000,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year $300,000 354,000 426,000 222,000 138,000 $1,440,000 $600,000 300,000 $900,000 LA Previous Year
Current Position Analysis The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years: Previous Year Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses. Total current assets. Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities 1. Working capital 2. Current ratio: Current Year 3. Quick ratio b. The liquidity of Albertini has $356,400 412,700 168,900 1,547,700 797,300 $3,283,000 $388,600 281,400 $670,000 $278,400 313,200 104,400 1,167,500 746,500 $2,610,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year $406,000 174,000 $580,000 from the preceding year to the current year. The working capital, current ratio, and quick ratio have all in current assets relative to current liabilities. Most of these changes are the…
Assuming that total assets were $8,037,000 at the beginning of the current fiscal year, determine the following: When required, round to one decimal place. a. Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders' equity c. Asset turnover d. Return on total assets e. Return on stockholders' equity f. Return on common stockholders' equity % % %
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities a. Determine for each year (1) the working Current Year 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Nilo has current assets relative to current liabilities. $690,500 799,500 327,000 1,042,800 537,200. $3,397,000 $458,200 $579,600 652,100 217,300 673,400 430,600 $2,553,000 $483,000 331,800 207,000 $790,000 $690,000 capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Previous Year from the preceding year to the current year. The working capital, current ratio, and quick ratio have all . Most of these changes are the result of an in