Supply the missing components of the Statement of Financial Position and Sales information using the following financial data: Debt ratio: 50% Current ratio: 1.8× Total assets turnover: 1.5× Days sales outstanding: 36.5 days* Gross profit margin on sales: (Sales − Cost of goods sold)/Sales = 25% Inventory turnover ratio: 5× *Calculation is based on a 365-day year. Statement of Financial Position (in Thousands) Cash ________ Accounts payable _________ Accounts receivable ________ Long-term debt PhP120,000 Inventories ________ Common stock _________ Fixed assets ________ Retained earnings 195,000 Total assets PhP600,000 Total liabilities and equity _________ Sales _______ Cost of goods sold _________
Supply the missing components of the Statement of Financial Position and Sales information using the following financial data: Debt ratio: 50% Current ratio: 1.8× Total assets turnover: 1.5× Days sales outstanding: 36.5 days* Gross profit margin on sales: (Sales − Cost of goods sold)/Sales = 25% Inventory turnover ratio: 5× *Calculation is based on a 365-day year. Statement of Financial Position (in Thousands) Cash ________ Accounts payable _________ Accounts receivable ________ Long-term debt PhP120,000 Inventories ________ Common stock _________ Fixed assets ________ Retained earnings 195,000 Total assets PhP600,000 Total liabilities and equity _________ Sales _______ Cost of goods sold _________
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....
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Question
Supply the missing components of the
following financial data:
Debt ratio: 50%
Current ratio: 1.8×
Total assets turnover: 1.5×
Days sales outstanding: 36.5 days*
Gross profit margin on sales: (Sales − Cost of goods sold)/Sales = 25%
Inventory turnover ratio: 5×
*Calculation is based on a 365-day year.
Statement of Financial Position
(in Thousands)
Cash
________
Accounts payable
_________
Accounts receivable
________
Long-term debt
PhP120,000
Inventories
________
Common stock
_________
Fixed assets
________
195,000
Total assets
PhP600,000
Total liabilities and equity _________
Sales
_______
Cost of goods sold _________
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