7-14 Complete the balance sheet and sales information in the table that follows for Isberg Industries using the following financial data: Debt ratio: 50% Quick ratio: 0.80× Total assets turnover: 1.5x Days sales outstanding: 36.0 days Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25% Inventory turnover ratio: 5.0× Cash Accounts receivable Inventories Fixed assets Total assets Sales $300,000 Balance Sheet Accounts payable Long-term debt Common stock Retained earnings Total liabilities and equity Cost of goods sold $60,000 $97,500 Balance Sheet

Excerpts from Sydner Corporation's most recent balance sheet appear below: Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Total current liabilities Year 2 Year 1 $ 140 $ 160 210 230 240 200 10 10 $ 600 $ 600 $360 $ 330 Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900. The accounts receivable turnover for Year 2 is closest to:

Complete the balance sheet and sales information using the following financial data:                                                                                             Balance sheet   Cash                                           ________                Current liabilities                               _________ Accounts Receivable      ________                Long-term debt                                                           120,000 Inventories                           ________                Common stock                                      _________ Total assets                          $600,000              Retained earnings                                  195,000                                                                                                     Total liabilities and equity         _________ Sales                                         ________                Cost of good sold                                 ____40%sales__   Current ratio: 2.o X…

The following ratios are available for agricultural chemical competitors Potash Corporation of Saskatchewan(PotashCorp) and Agrium from a recent year                   PotashCorp   Agrium     Liquidity             Current Ratio   1.1:1   2.1:1     Acid-test   0.8:1   1.2:1     Receivables turnover   10.7 times   8.3 times     Inventory turnover   6.8 times   4.1 times     Oeprating cycle   88 days   133 days                   Solvency             Debt to total assets   36.6%   26.9%     Interest coverage   18.3 times   63.1 times                   Profitability             Gross profit margin   49.20%   28.00%     Profit margin   35.40%   9.80%     Asset turnover   0.6 times   1.2 times     Return on assets   19.40%   11.60%     Return on equity   42.40%   25.90%                   a) Which company is more liquid? Explain your answer.             b) Which company is more solvent? Explain your answer.             c) Which company is…

am.101.

Comparative Balance SheetsConsider the following balance sheet data for Great Buy Co., Inc., an electronics and major appliance retailer (amounts in thousands):   Current Year Previous Year Cash and Cash Equivalents $113,756 $12,848 Accounts Receivables 100,593 68,342 Merchandise Inventories 1,212,105 449,983 Other Current Assets 26,303 17,692 Total Current Assets 1,452,757 548,865 Property and Equipment (net) 328,175 227,596 Other Assets 28,804 13,993 Total Assets $1,809,736 $790,454 Current Liabilities $763,853 $334,809 Long-Term liabilities 454,141 127,537 Total Liabilities 1,217,994 462,346 Common Stock 3,965 2,068 Additional Paid-in-Capital 425,768 246,871 Retained Earnings 162,009 79,169 Total Stockholders' Equity 591,742 328,108 Total Liabilities and Stockholders' Equity $1,809,736 $790,454 Prepare a comparative balance sheet, showing increases in dollars and percentages.  Note: Round "Percent Change" answers to one decimal place (ex:…

EMM, Inc. has the following balance sheet:   EMM, Incorporated Balance Sheet as of 12/31/X0 Assets   Liabilities and Equity Cash $ 1,200   Accounts payable $ 4,900 Accounts receivable   8,900   Bank note payable   7,700 Inventory   6,100         Long-term assets   4,400   Equity   8,000   $ 20,600     $ 20,600     It has estimated the following relationships between sales and the various assets and liabilities that vary with the level of sales:   Accounts receivable = $3,560 + 0.35 Sales, Inventory = $2,356 + 0.28 Sales, Accounts payable = $1,449 + 0.20 Sales.   If the firm expects sales of $27,000, what are the forecasted levels of the balance sheet items above? Round your answers to the nearest dollar. Accounts receivable: $   Inventory: $   Accounts payable: $   Will the expansion in accounts payable cover the expansion in inventory and accounts receivable? Round your answers to the nearest dollar. The expansion in accounts payable of $    the total…

Vishnu

Selected data from the financial statements of Rags to Riches are provided below: ​ Current Year Prior Year Accounts Receivable $120,000 $ 76,000 Inventory 24,000 32,000 Total Assets 900,000 760,000 Net Sales 760,000 540,000 Cost of Goods Sold 320,000 420,000 ​ Which of the following would result from vertical analysis of the company's income statement? a. The accounts receivable turnover ratio is 7.76 in the current year. b. Gross profit is 57.9% of net sales for the current year. c. Net sales are 84.4% of total assets for the current year. d. Cost of goods sold decreased by $50,000 or 23.8% during

Find           the below: Cash ratio                                  Inventory turnover                             EPS                                         Total asset turnover Debt ratio                                  Debt-to-equity ratio Times interest earned                ROI Net profit margin                      ROE Market price/Book value          P/E   BALANCE SHEET                 ASSETS                                                         LIABILITIES & STOCKHOLDERS EQUITY   Cash                                  $ 1,500                               Accounts payable                  $12,500 Marketable securities            2,500                               Notes payable                         12,500 Accounts receivable            15,000                               Total current liabilities         $25,000 Inventory                            33,000                               Long-term debt                       22,000 Total current assets…