Refer to the following selected financial information from Texas Electronics. Compute the company's acid-test ratio for Year 2. Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 Year 1 $38,400 $ 33,150 64,500 84,000 125,500 129,500 13,000 10,600 392,500 342,500 108,900 112,300 715,500 680,500 394,500 379,500 99,000 90,000

Refer to the following selected financial information from a company. Compute the company’s debt-to-equity ratio for Year 2.    Year 2 Year 1 Net sales $ 484,500 $ 427,450 Cost of goods sold 277,500 251,320 Interest expense 10,900 11,900 Net income before tax 68,450 53,880 Net income after tax 47,250 41,100 Total assets 319,500 295,200 Total liabilities 175,400 168,500 Total equity 144,100 126,700 Answer: A. 1.22. B. 1.82. C. 3.36. D. 0.82. E. 2.22.

PFA Screenshot. Please answer a, b, c, d sections correctly with calculatiosn.

Refer to the following selected financial information from Gomez Electronics. Compute the company's profit margin for Year 2. Year 2 Year 1 $ 488,000 $ 428,150 278,200 252,020 11,600 12,600 Net income before tax 69,150 54,580 Net income after tax 47,950 41,800 Total assets 320,900 299,400 Total liabilities 171,900 169,200 Total equity 149,000 130,200 Net sales Cost of goods sold Interest expense 12.2%. 17.2%. 9.8%. 14.2%. 32.2%.

Refer to the following selected financial information from a company. Compute the company’s return on total assets for Year 2.    Year 2 Year 1 Net sales $ 483,000 $ 427,150 Cost of goods sold 277,200 251,020 Interest expense 10,600 11,600 Net income before tax 68,150 53,580 Net income after tax 46,950 40,800 Total assets 318,900 293,400 Total liabilities 176,900 168,200 Total equity 142,000 125,200 Answer: A. 22.3% B. 14.7% C. 9.7% D. 2.7% E. 15.3%

Use the information in the table below to calculate the following ratios for Windswept Woodworks for year 1 and year 2.   Windswept Woodworks, Incorporated Input Data (millions of dollars)   Year 2 Year 1 Accounts payable 602   534   Accounts receivable 1,446   980   Accumulated depreciation 6,912   6,782   Cash & equivalents 390   278   Common stock 1,350   1,270   Cost of goods sold 1,570   n.a.   Depreciation expense ?   n.a.   Common stock dividends paid ?   n.a.   Interest expense 210   n.a.   Inventory 1,180   1,176   Addition to retained earnings 602   n.a.   Long-term debt 978   886   Notes payable 300   450   Gross plant & equipment 10,540   10,280   Retained earnings 3,228   2,626   Sales 3,088   n.a.   Other current liabilities 186   166   Tax rate 21%   n.a.   Market price per share – year end $ 25.80   $ 23.50   Number of shares outstanding 500 million 500 million   (For all requirements, round your answers to 2…

The following percentages apply to Zachary Company for Year 3 and Year 4: Sales Cost of goods sold Gross margin Selling and administrative expense Interest expense Total expenses Income before taxes Income tax expense Net income ZACHARY COMPANY Income Statements Sales Cost of goods sold Gross margin Selling and administrative expenses Interest expense Total expenses Income before taxes Income tax expense Net income Required Assuming that sales were $515,000 in Year 3 and $585,000 in Year 4, prepare income statements for the two years. $ Year 4 100.0 % 61.1 38.9 26.5 2.7 29.2 9.7 5.5 4.2 % Year 4 0 0 0 $ Year 3 100.0 % 63.9 36.1 20.3 1.9 Year 3 22.2 13.9 7.2 6.7 % 0 0 0

Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 73.0 daysa Inventory turnover ratio: 4x Fixed assets turnover: 3.0x Current ratio: 2.5x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 20% aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar. Cash Accounts receivable Inventories Fixed assets Total assets Sales $ $ Balance Sheet $270,000 Current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Cost of goods sold $ $ $ 54,000 67,500

i. Use the information available in Income and Financial position statementin Part A and calculate the following ratios for DavidCompetitors Average• Net profit margin 28%• Gross profit margin 65%• Current ratio 2.10x• Acid test ratio 1.50x• Accounts receivable collection period 47 days• Accounts payable payment period 65 days   Net Profit Margin = Net Income/ Sales = 350/2300 = 15.22% Gross Profit = Sales Revenue + Ending Inventory - Purchases less purchase returns  = 2300 + 250 - 1100 = 1450 Gross Profit Margin = Gross Profit/ Sales = 1450/2300 = 63.04% Current Ratio = Current Assets/ Current Liabilities Current Assets = Cash + Bank + Accounts Receivable + Inventory  = 4050 + 17100 + 400 + 250 = 21800 Current Liabilities = Accounts Payable = 700 Current Ratio = 21800/700 = 31.14:1     please answer this QUESTION :ii. Assuming David’s competitor’s ratio averages are as stated above:Analyse his performance with reference to each of the ratios calculatedin comparison to those of her…

Calculate the accounts receivable period, accounts payable period, inventory period, and cash conversion cycle for the following firm: Income statement data: Sales 5,000 Cost of goods sold 4,200 Balance Sheet Data: Beginning of Year End of Year Inventory 500 600 Accounts Receivable 100 120 Accounts Payable 250 290