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 decimal places.)   Required: a. Interest coverage ratio (Assume that year 1 EBIT was 1,307 and year 1 interest expense was 180.)     Year 2 interest coverage ratio   Year 1 interest coverage ratio     b. Average collection period (Assume that the accounts receivable balance was 1,020 on December 31 of the previous year and that year 1 sales were 2,788.) (Use 365 days in a year.)     Year 2 ACP   days Year 1 ACP   days   c. Current ratio     Year 2 current ratio   Year 1 current ratio     d. Quick ratio     Year 2 quick ratio   Year 1 quick ratio

The following information is available for Coulibaly Company: Total sales Total assets: Beginning of year End of year Year 1 Year 2 Asset Compute the asset turnover ratio for Coulibaly Company for Year 1 and Year 2. Round your answers to two decimal places. Turnover Ratio 3,600 Year 2 12500 $16,700 3,600 12,500 Year 1 $12,800 2,700 3,600

Use the following data to create a complete income statement. All accounts must be correctly labeled and arranged in the proper order. Sales $675,000 Cost of good sold $405,000 $75,000 $20,000 $154,000 General and Administrative expenses Depreciation expense Bonds Interest Rate Tax Rate 3% 25%

Return on Assets Ratio and Asset Turnover Ratio Northern Systems reported the following financial data (in millions) in its annual report:   Previous Year Current Year Net Income $9,050 $7,500 Net Sales 52,350 37,200 Total Assets 58,734 68,128   If the company’s total assets are $55,676 at the beginning of the previous year, calculate the company’s: (a) return on assets (round answers to one decimal place - ex: 10.7%)   (b) asset turnover for both years (round answers to two decimal places)     Previous Year Current Year a. Return on Assets Ratio Answer Answer b. Asset Turnover Ratio Answer Answer

Given the above information, calculate the net income. Enter the value in 2 decimal places, Sales 54,700 Cost of Goods Sold 51,650 Depreciation $700 Times Interest earned ratio 10 Tax rate 34%

fill out the missing blank Billy’s BBQ reported sales of $750,000 and net income of $29,500. Billy’s also reported ending total assets of $497,000 and beginning total assets of $390,000.  Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for Billy's BBQ.

The following data (in millions) were taken from the financial statements of Costco Whole- sale Corporation: Recent Year Prior Year $116,199 $112,640 Revenue Operating expenses Operating income 112,575 3,624 109,420 $3,220 a. For Costco, determine the amount of change in millions and the percent of change (round to one decimal place) from the prior year to the recent year for: 1. Revenue 2. Operating expenses 3. Operating income Comment on the results of your horizontal analysis in part (a) b.

Use the following information for the Problems below. Skip to question   [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 COMPANYIncome StatementFor Current Year Ended December 31 Sales revenue $ 127,200   Expenses       Cost of goods sold   52,000   Depreciation expense   17,000   Salaries expense   28,000   Rent expense   10,000   Insurance expense   4,800   Interest expense   4,600   Utilities expense   3,800   Net income $ 7,000        LANSING COMPANYSelected Balance Sheet Accounts At December 31 Current Year   Prior Year Accounts receivable   $ 6,600       $ 7,800   Inventory     2,980         2,040   Accounts payable     5,400         6,600   Salaries payable     1,080         800   Utilities payable     420         260   Prepaid insurance     360         480   Prepaid rent…

Required information [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income Assets Current assets Comparative Income Statements For Years Ended December 31 KORBIN COMPANY Long-term investments Plant assets, net Total assets Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income 2021 $ 555,000 283,500 271,500 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity KORBIN COMPANY Comparative Balance Sheets December 31 102,900 50,668 153,568 117,932 40,800 $77,132 % 2020 $ 340,000 212,500 127,500 46,920 29,920 2021 % 76,840 50,660 10,370 $ 40,290 $ 52,390 100,000 $ 152,390 0 $ 22,800 72,000 9,000 48,590 KORBIN…

Find for Armstrong Company and Blair Company : Asset Turnover Ratios - (a) Fixed Asset turnover (times) (b) Receivables turnover (times) (c) Inventory turnover (times)