Accounts receivable (gross) Inventory Total current assets Total current liabilities Credit sales Cost of goods sold Current ratio 2021 $850,000 Receivables turnover Inventory turnover 1.020.000 2020 $750,000 980.000 2020 2019 2.100.000 2,000,000 1,700,000 1,000,000 1.100.000 1.250,000 6.420.000 6.240,000 5.430.000 4,540,000 4,550,000 (b) Based on (1) current ratio, (2) receivables turnover ratio, and (3) inventory turnover ratio, what conclusionis) can be drawn about the company's liquidity? 2021 21 1 8.0 times 8.9 times 4.5 times 5.0 times $650,000 18:1 840,000 3,950,000

4. A Company has Net Sales of 2,000,000 for 2020, Accounts Recitable for 500,000 in 2020, and Accounts Receivable of 350,000 in 2019. Calculate the Accounts Receivable Turnover Ratio.

Sales Cost of goods sold Gross profit Operating expenses Income from operations Interest expense Income before income tax Income tax expense Net income (a) 2021 $1,595 900 695 524 171 80 Your answer is incorrect. 91 25 $66 2020 $1,387 $1,208 743 644 411 233 50 183 2019 46 596 612 402 210 40 170 43 $137 $127 Using horizontal analysis, calculate the horizontal percentage of a base-year amount, assuming 2019 is the base year. (Round answers to 1 decimal place, e.g. 5.2%. Enter negative amounts using either a negative sign preceding the number e.g. -45.1% or parentheses e.g. (45.1) %.)

NNita Corporation Comparative Statements of Financial Position December 31, 2021 to 2025 2021 2022 2023 2024 2025 Assets Current Assets Cash & Cash Equivalent 57 119 120 150 168 Trade & Other Receivables 208 75 77 77 91 Inventory 530 403 462 535 585 Prepaid Expenses 390 441 485 542 509 Total Current Assets 397 459 479 520 512 Noncurrent Assets 1,582 1,497 1,623 1,824 1,865 Property, Plant & Equipment Intangible Total Noncurrent Assets 860 1,310 1,410 1,450 1,456 TOTAL ASSETS 860 1,410 1,450 1,456 1,310 2,807 2,442 3,033 3,274 3,321 Liabilities and Shareholders' Equity Current Liabilities Trade & Other Payables Unearned Revenues 380 358 342 299 319 Notes Payable - current 114 211 175 126 84 Total Current Liabilities 140 37 49 70 59 NonCurrent Liabilities Notes Payable - noncurrent 634 606 566 495 462 Total Liabilities 326 531 478 454 399 Shareholder's Equity 960 1,137 1,044 949 861 Preference Shares P100 par Ordinary Share, P1par Premium on Ordinary Shares Total Paid-in-Capital 848…

32. Refer to Bellingham Incorporated's December 31, 2019 Balanoe Sheet shown below. Bellingham Incorporated Balance Sheet as of December a1, 2019 Assets Current Assets Cash Llabilities Current Uabitles S130,000 80,000 Accounts Payable Notes Payable S0,000 110,000 $200,000 Inventory Accounts Recelvables 40,000 Total Current Liabilitles Total Current Assets $250,000 Non-current Llabilities Debt 150,000 Owner's Equity Non-current Assets Plant and Equipment (Net) Patents (Net) 350,000 50,000 220,000 80,000 Common Stock Retained Earnings Total Assets $650.000 Total Liahilities and Owner's Equity 5650,000 Bellingham began 2019 with $240,000 in owner's equity. During the year they issued $30,000 in new common stock and paid $10,000 in dividends. If their net income for 2019 was $40,000, what was their retained earnings balance on December 31, 20187 O $30,000 $50,000 O S60,000 O $70,000

Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 446,122 $ 293,501 $ 242,563 $ 173,880 $ 128,800 Cost of goods sold 221,100 145,365 122,206 87,101 63,112 Accounts receivable 21,592 17,140 16,664 10,137 8,784 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable.

2021 2020 2019 2018 2017 $ 394,032 199,466 19,071 $ 262,688 132,894 15,394 $ 205,225 $ 150,348 76,774 8,780 $ 112,200 56,100 Sales Cost of goods sold Accounts receivable 106,013 14,058 7,708 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable. Trend Percent for Net Sales: Numerator: Denominator: Trend percent 2021: % 2020: % 2019: % %3D 2018: % = 2017: % Is the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: Numerator: Denominator: Trend percent %3D 2021: % 2020: % 2019: % %3D 2018: % = 2017: %3D Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable: Numerator: Denominator: Trend percent %3D 2021: % 2020: % %3D 2019: % = 2018: % 2017: % %3D Is the trend percent for Accounts Receivable favorable or unfavorable? II II IL || II

How do I solve this?

Using Financial Statements for 2020, current ratio for the year 2020 is 1.62.

Suppose the 2022 financial statements of 3M Company report net sales of $23.1 billion. Accounts receivable (net) are $3.2 billion at the beginning of the year and $3.25 billion at the end of the year.    Compute 3M’s accounts receivable turnover. - Accounts Recievable turnover ratio=? (times)   Compute 3M’s average collection period for accounts receivable in days  - Average collection period =? (days)