Data of 2019  Total Asset Turnover 2 Times Net Fixed Asset 400 (Thousand OMR) Total Liabilities 400 (Thousand OMR) Sales 2000 (Thousand OMR) Quick Ratio 1.5 Times Accounts Receivable 150 (Thousand OMR) Long-term Liabilities 200 (Thousand OMR) The manager put a plan to reduce the selling period in the (2020) by (16.7%) from the previous year (2019). Calculate the new inventory turnover.

Q: Richard's sales in the year ended 31st December 2019 were RM390,000. The sales produced a gross…

A: Solution- Stock value = Purchase* 90/365=closing inventory      purchase         = 54000 * 365/90…

Q: ABC Company's accounting records indicated the following information for 2020: Inventory, January 1…

A: Inventory is the stock of raw materials or finished goods held by a firm at a point of time.…

Q: (PLEASE CONTINUE TO THE NEXT PAGE) TABLE 3 Ratio Industry Average Actual 2019 Actual 2020 Current…

A: Ratio Analysis is the financial analysis technique which evaluate the profitability, liquidity,…

Q: Assume figures were presented for the past 5 years on merchandise sold at Chicago department and…

A: Given information: Sales in 2022 is $3,174 Sales in 2021 is $3,434 Sales in 2020 is $3,188 Sales in…

Q: Bulalugaw's cost of sales in 2020 is 95,000. Their inventory in 2019 and 2020 are 50,000 and 40,000…

A: Cost of sales:-The cost of sales is defined as the accumulated total of all those costs that are…

Q: Eastwood Electronics registered accelerated increases in its net income from P 400,000 in 2020 to P…

A: The net income is result of Net sales reduced by cost of goods sold and operating expenses. The…

Q: Calculate the following ratios : Total Asset Turnover (TAT).   Debt Ratio (DR%).

A: Total Asset Turnover: This ratio is used by the investors to know the efficiency of companies using…

Q: MAKE A BASIS AND DISCUSSION ON THE SUMMARY OF FINANCIAL RATIOS OF NESTLE. MAKE AN INTERPRETATION AND…

A: Ratio Analysis - Ratio analysis is a tool for assessing and analysing a company's financial…

Q: alculate the projected inventory turnover, days sales outstanding (DSO), fixed assets turnover, and…

A:

Q: Bienvenu Enterprises reported cost of goods sold for 2020 of $1,400,000 and retained earnings of…

A:

Q: The Tamaraw Corporation is trying to determine the effect of its inventory turnover ratio and DSO on…

A: Answer -  Part 1 - Computation of Tamaraw’s cash conversion cycle -    Cash Conversion Cycle = Days…

Q: GIVE THE FORMULAS FOR THE FOLLOWING EFFICIENCY RATIOS OF NESTLE. THANK YOU Ratio Analysis Efficiency…

A: Efficiency ratios are those ratios that measures the ability of a company to generate income using…

Q: Wang Company's average inventory for 2019 was $75,000 and its inventory turnover for 2019 was 6.0;…

A: Average Inventory for 2019 = $75,000 Inventory turnover for 2019 = 6.0 Wang's 2019 days' sales in…

Q: For the year ended December 31, 2019, Settles Inc. earned an ROI of 9.6%. Sales for the year were…

A:

Q: The management of Bataan Corporation ask you to submit an analysis of the increase in their gross…

A: Increase in gross profit = Change in profit / Base gross profit

Q: Days Sales in Inventory Accounts Receivable Turnover Calcute each ratio from the data for 2019 and…

A: Day sales in inventory= Average inventory/COGS*365 days Average inventory = (Beginning inventory+…

Q: What is the inventory turnover ratio for Fair Isle Inc. for 2020 if the inventory at the beginning…

A: The inventory turnover ratio indicates the number of times inventory turns to sales. It can be…

Q: For the year ended December 31, 2019, Settles Inc. earned an ROI of 8.0%. Sales for the year were…

A: Formula: ROI = Net income / Average total Assets Division of Net income with Average total Assets…

Q: Jotun Paint Corporation reported net income $24,000, net sales $400,000, and average assets $600,000…

A: Solution:- Calculation of asset turnover ratio as follows under:-

Q: Compute for the company's profitability and operating efficiency's ratios for 2019   B.Operating…

A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Referring to the following data of the Omani Company, that extracted from the balance sheet at…

A:

Q: Anusha Berhad’s sales pattern for the first quarter 2021 and projected revenues are as follows:…

A: CASH BUDGET   January February March 1st Quarter Cash Balance Beginning     20,000     20,000…

Q: The Tamaraw Corporation is trying to determine the effect of its inventory turnover ratio and DSO on…

A: Answer -  Part 1 - Cash Conversion Cycle - Inventory conversion period + average collection period…

Q: Referring to the following data of the Omani Company, that extracted from the balance sheet at…

A: Total Asset Turnover = Net Sales/ Total Assets Total Assets = Fixed Assets + Current Assets Current…

Q: Selected Financial Ratios Sandhill Inc. Current Industry Average 2020 2019 Current ratio 1.62 1.63…

A: Following calculations shows the different types of ratios of Sandhill Inc. for the year 2021.…

Q: Calculate the inventory turnover, days sales outstanding (DSO), fixed assets turnover, and total…

A: Inventory turnover=COGS or revenueAverage inventory at cost Days sales outstanding (DSO)=Accounts…

Q: Stackhouse Industries had the following operating results for 2020: sales = $54,510; cost of goods…

A: Answer a. Earnings before interest and tax(EBIT) = Sales - Cost of Goods Sold - Depreciation Expense…

Q: Asset Turnover in 2021 was 3.0 x. Company sales increased by 25% in 2022 and average total assets…

A: Asset Turnover is an accounting metric that shows the number of times at which the average total…

Q: Company C had cost of goods sold in the year of sale 2019 of $1,500,000 and net sales was…

A: Inventory Turnover = Cost of Goods Sold/Average Inventory

Q: net income for the second quarter

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Q: Home Office transfers inventory to its Branch at a 20% mark-up on cost. During 2020, inventory…

A: The financial position of the company can be arrived from the income statement prepared by the…

Q: What is Seaside Surfing's COGS if the company had inventory of $20,000 at the beginning of 2019, had…

A: Cost of goods sold: Cost of goods sold is the total of all the expenses incurred by a company to…

Q: Calculate the quick ratio for Los Altos, Inc., for both years, using the financial statements…

A: Quick ratio = Quick assets / Current liabilities where, Quick assets = Total current assets -…

Q: Calculate the quick ratio for Los Altos, Ic., for both years, using the financial statements…

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Q: 1. The home office bills its branch at 40% above cost. During the year 2020, goods costing 150,000…

A: Branch and Head office concept comes in to existence  where company is running from more than one…

Q: In 2020, RM Co. started operations with an inventory costing P200,000. For the 15 quarter of 20, the…

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Q: Chastain Corporation is trying to determine the effect of its inventory turnover ratio and days…

A: Step 1: Compute the CCC (cash conversion cycle) as follows:

Q: GIVE THE FORMULAS FOR THE FOLLOWING EFFICIENCY RATIOS OF NESTLE. THANK YOU Ratio Analysis Efficiency…

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Q: Net Sales Cost of goods sold Average accounts receivable for the year Accounts receivable at…

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Q: Question: Calculate and interpret liquidity ratios Calculate the inventory turnover, days in…

A: Inventory Valuation Methods are methods of valuation of inventory. There are three methods of…

Q: The 2020 financial statements of Blossom Company reported a beginning inventory of $90000, an ending…

A: Ratio Analysis is used in accounting to convey information of company's liquidity, turnover, short…

Q: Botica Heaven has a total annual sale of PhP 40 M and is in operation with an inventory value of Php…

A: "Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Compute number of days sales in inventories. * 2020 2019 Sales 1,000,000.00 800,000.00 Cost of goods…

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Q: a. Calculate the financial ratios for 2019 and analyze your calculations using time se- ries and…

A: Ratios  Industry Average  Actual 2018 Actual 2019 Time Series  Cross Sectional  Overall Current…

Q: CAC Co. provided these information for 2020: Inventory - January 1 : P400,000; Freight in :…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…