16 Quick assets divided by current liabilities is the: Multiple Choice Acid-test ratio. Current ratio. Working...
16
Quick assets divided by current liabilities is the:
Multiple Choice
-
Acid-test ratio.
-
Current ratio.
-
Working capital ratio.
-
Current liability turnover ratio.
-
Quick asset turnover ratio.
17
Net sales divided by Average accounts receivable, net is the:
Multiple Choice
-
Days' sales uncollected.
-
Average accounts receivable ratio.
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Current ratio.
-
Profit margin.
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Accounts receivable turnover ratio.
18
Dividing Accounts receivable, net by Net sales and multiplying the result by 365 is the:
Multiple Choice
-
Profit margin.
-
Days' sales uncollected.
-
Accounts receivable turnover ratio.
-
Average accounts receivable ratio.
-
Current ratio.
19
Dividing ending inventory by cost of goods sold and multiplying the result by 365 is the:
Multiple Choice
-
Inventory turnover ratio.
-
Profit margin.
-
Days' sales in inventory.
-
Current ratio.
-
Total asset turnover.
20
Net sales divided by average total assets is the:
Multiple Choice
-
Profit margin.
-
Total asset turnover.
-
Current ratio.
-
Sales return ratio.
-
Return on total assets.
Homework Answers
Answer:
16) Acid test ratio
17) Accounts receivable turn over ratio
18) Days sales uncollected
19) Days sales in inventory
20) Total assets turn over
Add Answer to:
16
Quick assets divided by current liabilities is the:
Multiple Choice
Acid-test ratio.
Current ratio.
Working...
Liquidity Current ratio 2014 = current assets/current liabilities 204,000/89,000 = 2.292 for 2014 and 230,000/90,000 =...
Liquidity Current ratio 2014 = current assets/current liabilities 204,000/89,000 = 2.292 for 2014 and 230,000/90,000 = 2.555 for 2015 Quick Ratio = current assets-inventory/current liabilities 204,000-66,000/89000= 1.550 for 2014 and 230,000-75000/90,000 = 1.722 for 2015 Accounts receivable turnover Credit sales/average debts Average debt 75000+82000/2 = 78500 Total sales = 3,199,900/78500 = 40.76 times (2015) Days sales outstanding = average accounts receivable/sales credit 78500/3199900 x 360 = 8.83 days (2015) Inventory turnover 66,000+75,000/2 = 70,500 Inventory turnover ratio = cost of...
Multiple Choice 0 Dividing ac accounts receivable by net sales. 0 Dividing accounts receivable by net...
Multiple Choice 0 Dividing ac accounts receivable by net sales. 0 Dividing accounts receivable by net sales and multiplying by 365. 0 Dividing net sales by accounts receivable. 0 o Dividing net sales by accounts receivable and multiplying by 365. Multiplying net sales by accounts receivable and dividing by 365. The number of days' sales uncollected is calculated by: Multiple Choice 5:19 Dividing accounts receivable by net sales. Dividing accounts receivable by net sales and multiplying by 365. Dividing net...
solve these questions for me. pick any company. 1. Pick a company that has been in...
solve these questions for me. pick any company.
1. Pick a company that has been in the news in 2020 and find their financial statements (5 points) 2. Using the equations below, perform all of the 15 calculations below (30 points) 3. Based on your findings, explain in one paragraph, whether or not you would want to work for or invest in the company you researched. You should use your calculations to support your answer. (10 points) 4. Publish your...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory outstanding (DIO), accounts receivable turnover, days' sales in average receivables or days' sales outstanding (DSO), accounts payable turnover, days' payable outstanding (DPO), and cash conversion cycle (in days). a. Use the cost of goods sold in the formula for accounts payable turnover. b. Use a 365-day year for calculations as needed. c. Use cell references from prior calculations, if applicable. (Always use cell references...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory outstanding (DIO), accounts receivable turnover, days' sales in average receivables or days' sales outstanding (DSO), accounts payable turnover, days' payable outstanding (DPO), and cash conversion cycle (in days). a. Use the cost of goods sold in the formula for accounts payable turnover. b. Use a 365-day year for calculations as needed. c. Use cell references from prior calculations, if applicable. (Always use cell references...
Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance...
Selected current year-end financial statements of Cabot
Corporation follow. (All sales were on credit; selected balance
sheet amounts at December 31 of the prior year were inventory,
$46,900; total assets, $219,400; common stock, $81,000; and
retained earnings, $38,566.)
CABOT CORPORATION
Income Statement
For Current Year Ended December 31
Sales
$
450,600
Cost of goods sold
298,450
Gross profit
152,150
Operating expenses
99,500
Interest expense
4,700
Income before taxes
47,950
Income tax expense
19,316
Net income
$
28,634
CABOT CORPORATION
Balance...
Problem # 1 (50 points) Given the Income Statement and Balance Sheet Compute: Current Ratio Acid-Test...
Problem # 1 (50 points) Given the Income Statement and Balance Sheet Compute: Current Ratio Acid-Test Ratio Days in Receivable Days in Inventory Operating Profit Margin Total Asset Tumover Fixed-asset turnover Debt Ratio Times Interest Earned Return on Equity Income Statement Balance Sheet Assets Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets Gross Plant and Equipment Accumulated Depreciation Net Fixed Assets Total Assets $200,000 $60,000 $100,000 $20,000 $380,000 $802,000 -$132,000 $670,000 $1,050,000 Sales (all credit) Cost of Goods Sold...
Answer the following (True or False): 1. Current liabilities divided by current assets gives the current...
Answer the following (True or False): 1. Current liabilities divided by current assets gives the current ratio: 2. The quick ratio is the same as the current ratio except that, in the quick ratio, the accounts receivable are not included in the current assets: 3. The total liabilities to total equity ratio is one of several long-term solvency ratios. 4. High financial leverage is indicated by a low debt to equity ratio 5. A company may have a net income...
Questions: 1. Compute the following ratios for PAYPAL HOLDINGS INC: CURRENT RATIO QUICK RATIO CASH RATIO...
Questions: 1. Compute the following ratios for PAYPAL HOLDINGS INC: CURRENT RATIO QUICK RATIO CASH RATIO TOTAL DEBT RATIO DEBT EQUITY RATIO TIMES INTEREST EARNED RATIO CASH COVERAGE RATIO INVENTORY TURNOVER DAYS SALES IN INVENTORY RECEIVABLES TURNOVER DAYS SALES IN RECEIVABLES TOTAL ASSET TURNOVER CAPITAL INTENSITY PROFIT MARGIN RETURN ON ASSETS RETURN ON EQUITY PRICE EARNINGS RATIO MARKET TO BOOK RATIO 2. Decompose the ROE using the extended Du-Pont Analysis.
1.) For the price/earning ratio, you need the closing stock price on January 31st, 2014 (This was...
1.) For the price/earning ratio, you need the closing stock
price on January 31st, 2014 (This was a Friday and the last day the
stock was traded for the year being reported.... closing stock
price was 76.68 (complete the blanks)
Open: 78.28
High: 78.75
Low: 76.63
Close: 76.68 Adj. Close:
68.36
For the fiscal year ended January 29, 2017 RATIO FORMULA WORK ANSWER Current Ratio 17724 14133 1.25 Current Lia bilities Debt to Asset 36482 39638 0.92 Assets Net Profit...
Multiple Choice 0 Dividing ac accounts receivable by net sales. 0 Dividing accounts receivable by net sales and multiplying by 365. 0 Dividing net sales by accounts receivable. 0 o Dividing net sales by accounts receivable and multiplying by 365. Multiplying net sales by accounts receivable and dividing by 365. The number of days' sales uncollected is calculated by: Multiple Choice 5:19 Dividing accounts receivable by net sales. Dividing accounts receivable by net sales and multiplying by 365. Dividing net...
solve these questions for me. pick any company.
1. Pick a company that has been in the news in 2020 and find their financial statements (5 points) 2. Using the equations below, perform all of the 15 calculations below (30 points) 3. Based on your findings, explain in one paragraph, whether or not you would want to work for or invest in the company you researched. You should use your calculations to support your answer. (10 points) 4. Publish your...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory outstanding (DIO), accounts receivable turnover, days' sales in average receivables or days' sales outstanding (DSO), accounts payable turnover, days' payable outstanding (DPO), and cash conversion cycle (in days). a. Use the cost of goods sold in the formula for accounts payable turnover. b. Use a 365-day year for calculations as needed. c. Use cell references from prior calculations, if applicable. (Always use cell references...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory outstanding (DIO), accounts receivable turnover, days' sales in average receivables or days' sales outstanding (DSO), accounts payable turnover, days' payable outstanding (DPO), and cash conversion cycle (in days). a. Use the cost of goods sold in the formula for accounts payable turnover. b. Use a 365-day year for calculations as needed. c. Use cell references from prior calculations, if applicable. (Always use cell references...
Selected current year-end financial statements of Cabot
Corporation follow. (All sales were on credit; selected balance
sheet amounts at December 31 of the prior year were inventory,
$46,900; total assets, $219,400; common stock, $81,000; and
retained earnings, $38,566.)
CABOT CORPORATION
Income Statement
For Current Year Ended December 31
Sales
$
450,600
Cost of goods sold
298,450
Gross profit
152,150
Operating expenses
99,500
Interest expense
4,700
Income before taxes
47,950
Income tax expense
19,316
Net income
$
28,634
CABOT CORPORATION
Balance...
Problem # 1 (50 points) Given the Income Statement and Balance Sheet Compute: Current Ratio Acid-Test Ratio Days in Receivable Days in Inventory Operating Profit Margin Total Asset Tumover Fixed-asset turnover Debt Ratio Times Interest Earned Return on Equity Income Statement Balance Sheet Assets Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets Gross Plant and Equipment Accumulated Depreciation Net Fixed Assets Total Assets $200,000 $60,000 $100,000 $20,000 $380,000 $802,000 -$132,000 $670,000 $1,050,000 Sales (all credit) Cost of Goods Sold...
1.) For the price/earning ratio, you need the closing stock
price on January 31st, 2014 (This was a Friday and the last day the
stock was traded for the year being reported.... closing stock
price was 76.68 (complete the blanks)
Open: 78.28
High: 78.75
Low: 76.63
Close: 76.68 Adj. Close:
68.36
For the fiscal year ended January 29, 2017 RATIO FORMULA WORK ANSWER Current Ratio 17724 14133 1.25 Current Lia bilities Debt to Asset 36482 39638 0.92 Assets Net Profit...
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