please answer do not image The following information is provided in the 2021 annual report to shareholders of paris-perfume.com:Required:Compute the missing amount in the paris-perfume.com financial statement Information. (Do not round your Intermediatecalculations.)Accounts receivableInventoryOther assetsTotal assetsTotal liabilitiesTotal stockholders' equityNet salesCost of goods soldNet incomeReturn on assetsReceivables turnoverInventory turnoverAsset turnoverReturn on equityProfit margin on salesDecember 31, 2021million$S72 millionmillion Smillion SS$millionmillion$For the year ended Dec. 31, 2021millionmillion42 million10 %$$8.012.02.720 %5 %December 31, 202075 million32 million172 million279 million75 million204 million

Name: please answer do not image The following information is provided in th
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Description: please answer do not image The following information is provided in the 2021 annual report to shareholders of paris-perfume.com:Required:Compute the missing amount in the paris-perfume.com financial statement Information. (Do not round your Intermedi

Lets discuss formula for missing figure.Inventory turnover ratio = Cost of goods sold/Average…

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The following information is provided in the 2021 annual report to shareholders of paris-perfume.com: Required: Compute the missing amount in the paris-perfume.com financial statement Information. (Do not round your Intermediate calculations.) Accounts receivable Inventory Other assets Total assets Total liabilities December 31, 2021 million 72 million $ December 31, 2020 75 million 32 million 172 million 279 million 75 million S S million S million million 32 $ $

The following information is provided in the 2021 annual report to shareholders of paris-perfume.com: Required: Compute the missing amount in the paris-perfume.com financial statement Information. (Do not round your Intermediate calculations.) Accounts receivable Inventory Other assets Total assets Total liabilities December 31, 2021 million 72 million $ December 31, 2020 75 million 32 million 172 million 279 million 75 million S S million S million million 32 $ $

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 15EA: The following select account data is taken from the records of Reese Industries for 2019. A. Use the...

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Using the following select financial statement information from Black Water Industries, compute the accounts receivable turnover ratios for 2018 and 2019 (round answers to two decimal places). What do the outcomes tell a potential investor about Black Water Industries?
The following information is provided in the 2021 annual report to shareholders of paris-perfume.com: Required: Compute the missing amount in the paris-perfume.com financial statement Information. (Do not round your Intermediate calculations.) Accounts receivable Inventory Other assets Total assets Total liabilities Total stockholders' equity Net sales Cost of goods sold Net income Return on assets Receivables turnover Inventory turnover Asset turnover Return on equity Profit margin on sales December 31, 2021 million 72 million million million million million For the year ended Dec. 31, 2021 million million 42 million 10 % $ $ 8.0 12.0 2.7 20 % 5 % December 31, 2020 75 million 32 million $ S S S S $ 172 million 279 million 75 million 204 million
Required information Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below.] Lansing Company's current-year income statement and selected balance sheet data at December 31 of the current and prior years follow. LANSING COMPANY Income Statement For Current Year Ended December 31 Sales revenue Expenses Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense Net income $ 124,200 At December 31 Accounts receivable Inventory Accounts payable Salaries payable Utilities payable Prepaid insurance Prepaid rent 51,000 16,500 27,000 9,900 4,700 4,500 3,700 $ 6,900 LANSING COMPANY Selected Balance Sheet Accounts Current Year $ 6,500 2,880 5,300 1,060 400 350 400 Prior Year $ 7,600 1,990 6,400 790 250 460 270
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As per the latest annual report, the following information is made available from the financial statements of ABC Inc. for the year 2019. Sales COGS EBIT EBITDA Interest Expense Net Income Total Debt Total Assets. Particulars Net Fixed Assets Total Equity Current Assets Current Liabilities Cash & Cash Equivalents Accounts Receivables Inventories Accounts Payable Required: Amount (in millions) Current Ratio Quick Ratio Cash Ratio Debt to Equity Ratio Debt Ratio Receivables Turnover Ratio Inventory Turnover Ratio. Gross Margin Operating Profit Margin Net Margin £250,174 £151,782 £53,930 (a) You are required to calculate the following ratios: £66,477 £3,576 £45,256 £98,047 £328,516 £27,378 £80,488 £152,819 £95,718 £38,844 £12,926 £4,106 £46,236 b) After calculating all 10 ratios, explain how the above results can aid ABC Inc's decision making process.
The following condensed information is reported by World of Stamp Collectibles. Income Statement Information Sales revenue Cost of goods sold Net income Balance Sheet Information Current assets Long-term assets Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity Required: 1. Calculate the following profitability ratios for 2024: 2. Determine the amount of dividends paid to shareholders in 2024. Required 1 a. Gross profit ratio b. Return on assets c. Profit margin d. Asset turnover e. Return on equity % % % 2024 Complete this question by entering your answers in the tabs below. times % $7,612,000 5,031,532 321,780 Required 1 $1,530,000 2,130,000 $3,660,000 $1,130,000 1,570,000 730,000 230,000 $3,660,000 Required 2 J Calculate the following profitability ratios for 2024: (Round your answers to 1 decimal place.) Profitability Ratios 2023 Required 2 > $7,700,000 5,200,000 178,000 $1,430,000 1,830,000 $3,260,000…
You have been provided with Leonard Corporation's partial Statement of Financial Position and the Statement of Comprehensive Income for the year ended December 31, 2021. Leonard Corporation Partial Statement of Financial Position For the Year Ended December 31, 2021 Accounts receivable -net Prepaid expenses Inventory Property, Plant & Equipment Accumulated Depreciation Accounts payable Income taxes payable Deferred revenue 2021 Sales....... Cost of goods sold.. Gross Margin. Selling, general and admin Depreciation expense $440,000 482,000 45,000 31,000 825,000 810,000 2,475,000 2,105,000 2020 (866,000) (823,000) 184,000 197,000 38,000 35,000 47,000 42,000 Leonard Corporation Statement of Comprehensive Income For the Year Ended December 31, 2021 Interest expense..... Gain on sale of PPE Net income before taxes Income Tax Expense Net income and comprehensive income... $3,560,000 1,950,000 1,610,000 (595,000) (320,000) (115,300) 55,400 635,100 95,300 .$539,800 Additional information:…
The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Dux Company. Additional information from Dux’s accounting records is provided also. DUX COMPANYComparative Balance SheetsDecember 31, 2021 and 2020($ in thousands) 2021 2020 Assets Cash $ 111.0 $ 33.0 Accounts receivable 61.0 63.0 Less: Allowance for uncollectible accounts (6.0 ) (5.0 ) Dividends receivable 16.0 15.0 Inventory 68.0 63.0 Long-term investment 28.0 23.0 Land 83.0 40.0 Buildings and equipment 173.0 263.0 Less: Accumulated depreciation (9.0 ) (115.0 ) $ 525.0 $ 380.0 Liabilities Accounts payable $ 26.0 $ 33.0 Salaries payable 15.0 18.0 Interest payable 17.0 15.0 Income tax payable 20.0 21.0 Notes payable 43.0 0 Bonds payable 94.0…
Hello! look at the attached images and answee the following points: (a) Calculate ratios for the year ended 31 December 2021 (showing your workings) for Primrose Plc, equivalent to those provided above. Return on year-end capital employed Net asset turnover Gross profit margin Net profit margin Current ratio Closing inventory holding period Trade receivables’ collection period viii. Trade payables’ payment period Dividend yield Dividend cover (b) Analyse the financial performance and position of Primrose Plc for the year ended 31 December 2021 compared to 31 December 2020. (c) Explain the uses and the general limitations of ratio analysis. Thank you a lot!
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Required information [The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (6%, due April 1, 2022) Common Stock Retained Earnings Totals View transaction list Journal entry worksheet