b. In 20X2, sales increased to $5,890,000 and the assets for that year were as follows:$ 138,000926,000991,000533,000$ 2,588,000CashAccounts receivableInventoryNet plant and equipmentTotal assetsCompute the following:Note: Round your answers to 2 decimal places.1. Accounts receivable turnover2. Inventory turnover3. Fixed asset turnover4. Total asset turnoverTurnover Ratiostimestimestimestimes

The ratio analysis helps to analyze the financial statements of the business on the basis of the…

b. In 20X2, sales increased to $5,890,000 and the assets for that year were as follows: Cash Accounts receivable Inventory Net plant and equipment Total assets $ 138,000 926,000 991,000 533,000 $ 2,588,000 Compute the following: Note: Round your answers to 2 decimal places. 1. Accounts receivable turnover 2. Inventory turnover 3. Fixed asset turnover 4. Total asset turnover Turnover Ratios times times times times

b. In 20X2, sales increased to $5,890,000 and the assets for that year were as follows: Cash Accounts receivable Inventory Net plant and equipment Total assets $ 138,000 926,000 991,000 533,000 $ 2,588,000 Compute the following: Note: Round your answers to 2 decimal places. 1. Accounts receivable turnover 2. Inventory turnover 3. Fixed asset turnover 4. Total asset turnover Turnover Ratios times times times times

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

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Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000. Nikkola had the following balances: Refer to the information for Nikkola Company above. Required: Note: Round answers to one decimal place. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.
The following selected information is taken from the financial statements of Arnn Company for its most recent year of operations: During the year, Arnn had net sales of 2.45 million. The cost of goods sold was 1.3 million. Required: Note: Round all answers to two decimal places. 1. Compute the current ratio. 2. Compute the quick or acid-test ratio. 3. Compute the accounts receivable turnover ratio. 4. Compute the accounts receivable turnover in days. 5. Compute the inventory turnover ratio. 6. Compute the inventory turnover in days.
Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note: Round answers to two decimal places. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.
Montalcino Company had net sales of 54,000,000. Montalcino had the following balances: Required: Note: Round answers to one decimal place. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.
ANALYSIS OF ACTIVITY MEASURES Based on the financial statement data in Exercise 24-1B, compute the following activity measures for 20-2 (round all calculations to two decimal places): (a) Accounts receivable turnover (b) Merchandise inventory turnover (c) Asset turnover
Determine amounts a, b, and c. Additional information follows: ∙ Return on total assets is 16% (average total assets is $68,750). ∙ Inventory turnover is 5 (average inventory is $6,000). ∙ Accounts receivable turnover is 8 (average accounts receivable is $6,250).
Directions: Below is the summarized financial information of Redz Company. Compute the following. Write your answers on a separate sheet of paper. 1. Average Inventory Average Receivable Average Payable Inventory Turnover Ratio Days of Inventories Receivables Turnover Ratio Days of Receivable Payables Turnover Ratio 2. 3. 4. 3. 6. 785 7. 8. 9. Days of Payable 10. Operating Cycle Beginnine. Php 2.000,000.00 Php 1,150.000.00 Php 300.000,00 Php 10,000,0000,00 Php 6,5 00.000.00 Ending Php 3.100,000.00 Php 2.000,000.00 Php 18 00.000.00 Accounts Inventory Accournts Receivable Accouits Paynble Net Sales Cost of CGoods9 Sold
JPJ Corp has sales of $1.33 million, accounts receivable of $52,000, total assets of $5.05 million (of which $2.88 million are fixed assets), inventory of $153000, and cost of goods sold of $601000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? **round to two decimal places**
A company reports the following:Sales $1,800,000Average total assets 1,125,000Determine the asset turnover ratio. Round to one decimal place.
Assume the following sales data for a company: Current year $896,005 Preceding year 607,844 What is the percentage increase in sales from the preceding year to the current year (rounded to one decimal place)? Oa. 47.4% Ob. 15.3% Oc. 32.2% Od. 79.6%
19. Using the following information, calculate the return on assets. Net income for November Total assets, November 1 Total assets, November 30 $ Identify the formula and then solve for return on assets (ROA). (Round the ROA to the nearest tenth percent, X.X%.) ROA + 4,710 55,000 102,000 + = %
Solve from the following facts. (Round your answers to the nearest hundredth.) Current assets $ 14,000 Net sales $ 40,000 Accounts receivable $ 5,000 Total assets $ 38,000 Current liabilities $ 20,000 Net income $ 10,100 Inventory $ 4,000 a. Calculate Current ratio. b. Calculate Acid test. c. Calculate Average day’s collection. d. Calculate Asset turnover. e. Calculate Profit margin on sales.