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Sales According to the video, total assets turnover is equal to Total assets total assets given, this means that Royval's sales must be $750,000.00 According to the video, DSO (days sales outstanding) can be written as you already calculated, this means that Royval's recevables must be According to the video, the inventory ratio can be written as equal to you already calculated, this means that Royval's inventories must be According to the video, the fixed asset turnover ratio can be written as This yields a value of cash of for Royval. According to the video, the current ratio can be written as a value of current liabilities of approximately . Given the value of total assets turnover, along with the level of Receivables Annual salesx365 According to the video, cash can be written as total assets minus fixed assets, inventories, and accounts receivable. Given the value of DSO, along with the level of sales According to the video, gross profit margin can be written as calculated, this means that Royval has a cost of goods sold of . Given the value of the inventory ratio, along with the level of sales This means that Royval has fixed assets of Plugging in the value for current assets and the value of the current ratio yields According to the video, the value of total assets is equal to the value of total liabilities and equity. In the video, total liabilities and equity is equal to Given the level of total liabilities and equity, as well as retained earnings, current liabilities and the level of long-term debt, solving for Royval's common stock yields Given the gross profit margin and the level of sales you have already

Sales According to the video, total assets turnover is equal to Total assets total assets given, this means that Royval's sales must be $750,000.00 According to the video, DSO (days sales outstanding) can be written as you already calculated, this means that Royval's recevables must be According to the video, the inventory ratio can be written as equal to you already calculated, this means that Royval's inventories must be According to the video, the fixed asset turnover ratio can be written as This yields a value of cash of for Royval. According to the video, the current ratio can be written as a value of current liabilities of approximately . Given the value of total assets turnover, along with the level of Receivables Annual salesx365 According to the video, cash can be written as total assets minus fixed assets, inventories, and accounts receivable. Given the value of DSO, along with the level of sales According to the video, gross profit margin can be written as calculated, this means that Royval has a cost of goods sold of . Given the value of the inventory ratio, along with the level of sales This means that Royval has fixed assets of Plugging in the value for current assets and the value of the current ratio yields According to the video, the value of total assets is equal to the value of total liabilities and equity. In the video, total liabilities and equity is equal to Given the level of total liabilities and equity, as well as retained earnings, current liabilities and the level of long-term debt, solving for Royval's common stock yields Given the gross profit margin and the level of sales you have already

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Suppose that Royval Inc has the following data: Gross profit margin on sales: Total assets turnover Days sales outstanding Inventory turnover ratio Fixed assets turnover Current ratio Cash Accounts receivable Inventories Also suppose that Royval Inc has the following balance sheet: Fixed assets Total assets Sales Assets 1.5 36.5 days $500,000 5 4 2 30.00% Balance Sheet Liabilities Current Liabilities Long-term debt Common stock Retained earnings Total Liabilities and equity Cost of goods sold $115,000 $110,000
Transcribed Image Text:Suppose that Royval Inc has the following data: Gross profit margin on sales: Total assets turnover Days sales outstanding Inventory turnover ratio Fixed assets turnover Current ratio Cash Accounts receivable Inventories Also suppose that Royval Inc has the following balance sheet: Fixed assets Total assets Sales Assets 1.5 36.5 days $500,000 5 4 2 30.00% Balance Sheet Liabilities Current Liabilities Long-term debt Common stock Retained earnings Total Liabilities and equity Cost of goods sold $115,000 $110,000
According to the video, total assets turnover is equal to total assets given, this means that Royval's sales must be $750,000.00 According to the video, DSO (days sales outstanding) can be written as you already calculated, this means that Royval's recevables must be According to the video, the inventory ratio can be written as equal to you already calculated, this means that Royval's inventories must be Sales Total assets According to the video, the fixed asset turnover ratio can be written as This yields a value of cash of for Royval. According to the video, the current ratio can be written as a value of current liabilities of approximately I According to the video, gross profit margin can be written as calculated, this means that Royval has a cost of goods sold of Given the value of total assets turnover, along with the level of Receivables Annual salesx365 . According to the video, cash can be written as total assets minus fixed assets, inventories, and accounts receivable. Given the value of DSO, along with the level of sales Given the value of the inventory ratio, along with the level of sales This means that Royval has fixed assets of Plugging in the value for current assets and the value of the current ratio yields According to the video, the value of total assets is equal to the value of total liabilities and equity. In the video, total liabilities and equity is equal to . Given the level of total liabilities and equity, as well as retained earnings, current liabilities and the level of long-term debt, solving for Royval's common stock yields Given the gross profit margin and the level of sales you have already
Transcribed Image Text:According to the video, total assets turnover is equal to total assets given, this means that Royval's sales must be $750,000.00 According to the video, DSO (days sales outstanding) can be written as you already calculated, this means that Royval's recevables must be According to the video, the inventory ratio can be written as equal to you already calculated, this means that Royval's inventories must be Sales Total assets According to the video, the fixed asset turnover ratio can be written as This yields a value of cash of for Royval. According to the video, the current ratio can be written as a value of current liabilities of approximately I According to the video, gross profit margin can be written as calculated, this means that Royval has a cost of goods sold of Given the value of total assets turnover, along with the level of Receivables Annual salesx365 . According to the video, cash can be written as total assets minus fixed assets, inventories, and accounts receivable. Given the value of DSO, along with the level of sales Given the value of the inventory ratio, along with the level of sales This means that Royval has fixed assets of Plugging in the value for current assets and the value of the current ratio yields According to the video, the value of total assets is equal to the value of total liabilities and equity. In the video, total liabilities and equity is equal to . Given the level of total liabilities and equity, as well as retained earnings, current liabilities and the level of long-term debt, solving for Royval's common stock yields Given the gross profit margin and the level of sales you have already
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