Large Company $ $ $ Net sales 379,420 Cost of sales 163,100 Gross profit Selling, general, and administrative 216,320 146,610 expenses $ $ $ Operating income 69,720 Net income 41,610 Cash and cash equivalents 50,480 Net receivables 17,400 $ $ $ $ Inventories 223,430 315,160 Total current assets Property and equipment 81,880 66,040 Other assets Total assets 463,090 Accounts payable Stockholder equity 29,540 261,130 $ What is the value of C2C in weeks? (Choose the closest) O 31.47 -12.81 -5.82 0 64.20 %24

Condensed financial data are presented below for the Phoenix Corporation:    20X2   20X1 Accounts receivable $ 267,500     $ 230,000   Inventory   312,500       257,500   Total current assets   670,000       565,000   Intangible assets   50,000       60,000   Total assets   825,000       695,000   Current liabilities   252,500       200,000   Long-term liabilities   77,500       75,000   Sales   1,640,000           Cost of goods sold   982,500           Interest expense   10,000           Income tax expense   77,500           Net income   127,500           Cash flow from operations   71,000           Cash flow from investing activities   (6,000 )         Cash flow from financing activities   (62,500 )         Tax rate   30 %           If there is no preferred stock, the return on common equity for 20X2 is (rounded):   Multiple Choice   25.8%   27.9%   41.4%   43.4%

Current assets Cash Accounts receivable Inventory Total Net plant and equipment Total assets Current assets Cash Assets Fixed assets 2017 $ 10,200 30,200 74,600 $ 115,000 Accounts receivable Inventory Total $285,000 $400,000 Assets 2018 Net plant and equipment $ 13,200 38,640 87,120 $ 138,960 $ 341,040 $480,000 $ $ $ 2017 Current liabilities For each account on this company's balance sheet, show the change in the account during 2018 and note whether this change was a source or use of cash. (If there is no action select "None" from the dropdown options. Leave no cells blank - be certain to enter "0" wherever required. A negative answer should be indicated by a minus sign.) Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in Retained earnings surplus Liabilities and Owners' Equity 2017 Total 10,2003 30,200 74,600 115,000 Total liabilities and owners' equity 285,000 Sources/Uses $ $ $ $ 46,000 27,800 $ 73,800 $ 40,000 $ 60,000 226,200 $286,200…

Question: Vertical Analysis of the Income statement     Company A Company B Net sales 2,300,000 300,000 Cost of goods sold 1,100,000 200,000 Gross profit 1,200,000 100,000 Operating Expenses:        Administrative expenses 120,000 20,000    Marketing expenses 220,000 30,000    Research and Development 500,000 10,000 Total Operating expenses 840,000 60,000 Interest expense 200,000 10,000 Net income 160,000 30,000   Required: Prepare a vertical analysis of these two companies. Compare and contrast the financial situation of these two companies assuming that they are in the same industry. Discuss fully.

Instructions This assignment is designed for practicing both the retailer/merchandiser accounting cycle and your basic excel skills. Below are select sales transactions for two companies. You will need to enter the missing pieces of each transaction on the journal entry tab. Each missing piece of information is highlighted in yellow. The only cell where an actual number is to be input is on the journal entries worksheet. Please note: not every yellow cell requires input (it could be left blank if appropriate). After completing the journal entries, you must then complete the missing pieces of the T accounts, trial balance, and statements highlighted in yellow. Only excel functions may be used to calculate the appropriate cell value on these pages. DO NOT INPUT THE ACTUAL NUMBER INTO THE T ACCOUNTS, TRIAL BALANCE, OR STATEMENTS. Use excel functions (such as making a cell equal another from the journal entry page, summing numbers together, or using the plus or minus symbols to help you…

MONTGOMERY INC.Comparative Balance SheetsDecember 31   Current Year   Prior Year Assets                         Cash   $ 30,800         $ 31,000       Accounts receivable, net     8,900           10,900       Inventory     79,800           63,000       Total current assets     119,500           104,900       Equipment     44,200           37,300       Accum. depreciation—Equipment     (19,900 )         (13,800 )     Total assets   $ 143,800         $ 128,400       Liabilities and Equity                         Accounts payable   $ 21,200         $ 22,900       Salaries payable     400           500       Total current liabilities     21,600           23,400       Equity                         Common stock, no par value     102,400           94,100       Retained earnings     19,800           10,900       Total liabilities and equity   $ 143,800         $ 128,400           MONTGOMERY INC.Income StatementFor Current Year Ended December 31…

Burch Company Income Statement For the year ended December 31 Sales $250,000 Cost of goods sold (160,000) Depreciation expense (26,400) Other expenses (35,000) Income tax expense (12,000) Net income $16,600 Required: Compute the net cash flows from operating activities using the indirect method. 33,200 X

Selling & administrative expenses 20,200 Loss on sale of plant assets 11,700 Gross profit 90,500 Interest expense 8,000 Income tax 10,000 Rent revenue 10,200          If this information was used to prepare an income statement, Income from Operations should be:   Select one: a. 68,800 b. 70,300 c. 78,800 d. 110,700 e. 58,600

Clean Company Balance Sheet Cash 68,200 Accounts payable 113,500 Accounts 295,000 Notes payable 73,900 receivable Other current Inventories 212,000 101,000 liabilities Total Current Total Current 575,200 288,400 assets liabilities PP&E Net 257,400 Long-term debt 226,500 Total Equity 317,700 Total Liabilities + Total Assets 832,600 832,600 Equity Clean Company Income Statement Sales $1,414,600 Cost of sales 1,190,640 Gross profit 223,960 Operating expenses 125,840 Depreciation 36,520 EBIT 61,600 Interest expenses 21,560 Earnings before 40,040 taxes Taxes (40%) 16,016 Net profit 24,024

The following information pertains to Peak Heights Company: Income Statement for Current Year Sales $ 85,300 Expenses Cost of goods $ sold 51,675 Depreciation 8,100 expense Salaries 12,000 71,775 expense Net income $ 13,525 Partial Balance Prior Sheet Current year year Accounts $ $ 9,900 receivable 14,400 Inventory 13,700 8,300 Salaries payable 1,550 850 Required: Present the operating activities section of the statement of cash flows for Peak Heights Company using the indirect method. Note: List cash outflows as negative amounts. PEAK HEIGHTS COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities: Accounts receivable increase