A firm has the following accounts; current liabilities = $30,000,000, sales = $245,000,000. The firm has the following ratios; current ratio = 1.76 times, inventory turnover ratio = 15.5 times, average collection period = 45 days. What is the value of the firm's cash? O $52,800,000 $6,788,069 O $9,378,078 $31,549,104
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- Taft Technologies has the following relationships: Annual sales 1,200,000.00 Current liabilities 375,000.00 Days sales outstanding (DSO) (365-day year) 40 Inventory turnover ratio 4.8 Current ratio 1.2 The company’s current assets consist of cash, inventories, and accounts receivable. How much cash does Taft have on its balance sheet?The current asset of Bulldogs Inc. comprises only of cash, accounts receivables, and inventory. The firm has a current ratio of 2, and a quick ratio of 1.8. The total liabilities of the company are P40,000 on which 50% is current. How much is the cash of Bulldogs Inc. if the accounts receivable balance shows a balance of P56,000?We are given the following information for the Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $ 2,880,000 188,000 890,000 811,000 1.35 times 2.30 times a. Accounts receivable b. Marketable securities c. Fixed assets d. Long-term debt 40 % 5 times Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Lienser Fraktala TAMARA TANT RISHI TRITATE FAST JET PARETSTRANS I nemal osted or annemangen MANENBER HAGPAINT MANSION LARPURCO Calculate the following balance sheet items. (Do not round intermediate calculations. Round your final answers to the nearest whole number.)
- A firm has $400,000 in credit sales and $100,000 in accounts receivable.Compute accounts receivable turnover and average number of collectiondays. How do these numbers relate to the terms of 2/10, n/30?The current asset of Jackie Inc. comprises only of cash, accounts receivables, and inventory. The firm has a current ratio of 2, and a quick ratio of 1.8. The total liabilities of the company are P40,000 on which 50% is current. How much is the cash of Bulldogs Inc. if the accounts receivable balance shows a balance of P56,000?A company has got $500 in cash and cash equivalents, $300 in inventory and $200 in account receivables. The firm has long term assets of $500. The firm has accounts payables of $200. All other current liabilities total $400. The firm had sales of $1000O, EBIT of $5000, interest expenses of $2000 and net income of $800. Compute the following ratios: Current ratio, DSO, TIE, profit margin, and Total asset turnover
- Direct Furnishings Inc. has the following data:Annual sales $10,000,000Cost of goods sold 6,000,000Inventory 2,547,945Accounts receivable 1,643,836Accounts payable 1,200,000What is the firm’s cash conversion cycle?A firm has $5 million of inventory and $2 million of accounts receivable. Its average daily sales are $100,000 and cost of goods sold (COGS) is $80,000. The company’s payables deferral period (accounts payable divided by daily purchases) is 32 days. What is its cash conversion cycle? a. 25.5 b. 26.0 c. 43.6 d. 50.5Mandesa, Inc has current liabilities of $8 million, current ratio of 2 times inventory turnover of 12 times, average collection period of 30 days, and credit sales of $64million. Calculate the value of cash and marketable securities.
- 1. If the accounts receivable turnover is 42 days, what is the account receivable turnover ratio? 2. ABC Company has a quick ratio of 2.5 to 1. It has current liabilities of P40,000 and noncurrent assets of P70,000. If Brilliant’s current ratio is 3.1 to 1, its inventory and prepaid expenses must be? 3. Ontario Company has P9,000 in cash, P11,000 in marketable securities, P26,000 in current receivables, P34,000 in inventories, and P40,000 in current liabilities. The Rhea's quick ratio is closest to?The Griggs Corporation has credit sales of $908,950. 2.65 times 1.95% 10 times 14 times 1.78 times 40% Total assets turnover O Cash to total assets Accounts receivable turnover Inventory turnover Current ratio Debt to total assets Using the above ratios, complete the balance sheet. Note: Round your answers to the nearest whole dollar. Cash Accounts receivable Inventory Total current assets Fixed assets Total assets Assets GRIGGS CORPORATION Balance Sheet Liabilities and Stockholders' Equity Current debt Long-term debt Total debt Equity Total debt and stockholders' equityIf Hot Corporation has a balance in account receivable of P80,000, total assets of P520,000, credit sales of P360,000, and current liabilities of P60,000. Assuming a 360-day year, what is the receivable turnover and average collection period, respectively?a. 4.5; 80 d. 6.0; 60b. 6.5; 55.38 e. 8.67; 41.38c. 1.44; 250