Given the following information: Net income $965 Sales $22,653 Total Assets (average) $21,188 Asset turnover? Return on assets?
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Given the following information:
Net income $965
Sales $22,653
Total Assets (average) $21,188
Asset turnover?
Return on assets?
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- The following information is available from the current period financial statements: Net income $117,355 Depreciation expense 24,849 Increase in accounts receivable 15,110 Decrease in accounts payable 21,436 The net cash flow from operating activities using the indirect method is a.$105,658 b.$178,750 c.$55,960 d.$117,355Financial Ratios: Do Year 2022 only Liquidity Status Current Ratios Quick Asset Ratios Efficiency Status Asset Turnover Fixed Asset Turnover Inventory Turnover Days in Inventory Accounts Receivable Turnover Days in Receivable Profitability Status: Gross Profit margin Ratio Operating Income Ratio Net Profit Ratio Return on Assets Return on EquityHow to calculate gross profit percentage will be mItaned
- QUESTION 1 Below are the statements of Financial Position for Grace Ltd as at 31 December, 2009 and 31 December, 2008 and the Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December, 2009. 2009 2008 ASSETS GHS'000 GHS'000 Non-current assets Tangible assets Intangible assets 832 681 1,415 817 2,247 1,498 s Current assets Inventory 619 701 Receivables 584 492 Investments 396 125 Cash 17 81 1,616 1,399 Total assets 3,863 2,897 EQUITY AND LIABILITIES Equity Equity shares (GHS1) Revaluation surplus Retained earnings 500 300 150 40 1,924 1494 2.574 1,834 Non-current liabilities Provision for court case 73 50 5% Debentures 220 88 293 138 .Current liabílities Interest payable Bank Dividends payable Tax payable Trade payables 100 30 60 81 140 238 226 517 529 996 925 Total equity and liabilities 3.863 2,897The following information is available from the current period financial statements: $ 116,406 25,140 25,519 23,537 Net income Depreciation expense Increase in accounts receivable Decrease in accounts payable The net cash flow from operating activities using the indirect method is Oa. $190,602 Ob. $92,490 Oc. $116,406 Od. $93,248Balance sheet ($ in millions) ASSETS Cash & Marketable Securities 449.90 Accounts Receivable 954.80 Inventories 3,645.20 Other Current Assets 116.60 Total Current Assets 5,166.50 Machinery & Equipment 1,688.90 Land 1,129.70 Buildings 2,348.40 Depreciation (575.60) Property, Plant & Equip. - Net 4,591.40 Other Long Term Assets 120.90 Total Long-Term Assets 4,712.30 Total Assets 9,878.80 part of Balance Sheet LIABILITIES Accounts Payable 1,611.20 Salaries Payable 225.20 Other Current Liabilities 1,118.80 Total Current Liabilities 2,955.20 Other Liabilities 693.40 Total Liabilities 3,648.60 SHAREHOLDER'S EQUITY Common Stock 828.50 Retained Earnings 5,401.70 Total Shareholder's Equity 6,230.20 Total Liabilities…
- Some recent financial statements for Smolira Golf, Incorporated, follow. Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes SMOLIRA GOLF, INCORPORATED 2022 Income Statement Net income Dividends Retained earnings 2021 Short-term solvency ratios a. Current ratio b. Quick ratio c. Cash ratio Asset utilization ratios d. Total asset turnover e. Inventory turnover f. Receivables turnover Long-term solvency ratios g. Total debt ratio h. Debt-equity ratio i. Equity multiplier j. Times interest earned ratio k. Cash coverage ratio Profitability ratios I. Profit margin m. Return on assets n. Return on equity $3,061 4,742 12,578 $ 20,381 SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 2022 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other $ 52,746 $ 73,127 2021 $ 188,370 126, 703 5,283 $ 56,384…Question Content Area Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $31,654 Accounts receivable 69,987 Accrued liabilities 6,524 Cash 16,364 Intangible assets 38,210 Inventory 80,832 Long-term investments 90,451 Long-term liabilities 73,398 Notes payable (short-term) 26,425 Property, plant, and equipment 659,739 Prepaid expenses 1,697 Temporary investments 38,252 Based on the data for Harding Company, what is the amount of quick assets?Subject: acounting
- What does the vertical analysis reveal on ABC Corporation in terms of Statement of Financial PositionFind 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…Find for Armstrong Company and Blair Company : Asset Turnover Ratios - (a) Fixed Asset turnover (times) (b) Receivables turnover (times) (c) Inventory turnover (times)
