Required: 1. Calculate Anderson's turnover ratios for 2021. (Use 365 days a year. Round your answers to 2 decimal plac Inventory tumover ratio Recelvables turnover ratio Average collection period times times days
Q: At December 31, 2022 the following information (in thousands) was available for Swifty Inc: ending…
A: Formula: Inventory turnover = Cost of goods sold / Average inventory.
Q: From the following information regarding the year to 31 August 20X6, what is the payables' payment…
A: We have the following information: Sales: $43,000 Cost of sales: $32,500 Opening Inventory: $6,000…
Q: Required: 1. Compute the following ratios as of the end of 1990 or for the vear ended December 31,…
A: The respective ratio calculation with the formula used is given as under.
Q: Using 360 days in a year, what is Blue Co.’s inventory turnover in 2021?
A: Inventory turnover ratio is an activity ratio which indicates no. of times company is able to sell…
Q: In 2021 Waterway Co. had credit sales of $1890000 and sales returns and allowances related to these…
A: Debtors collection period: The average time it takes for a firm to recover money owing to it by its…
Q: Rizza Co. has an average age of inventory equal to 25 days. If its end of year inventory level is…
A: Average age of the inventory is described as the number of days the company requires to sell the…
Q: To answer the following questions, use the following information. Round to 1 decimal place for…
A: The inventory turnover ratio presents, the level of average inventory kept by a company in…
Q: At December 31, 2022. the following information (in thousands) was available for Swifty Inc: ending…
A: Formula: Inventory turnover = Cost of goods sold / Average inventory
Q: Paco Ltd had the following for the year ended 2020: Ending inventory =$400,00 Opening inventory =$…
A: Cost of sales can be computed by adding the opening Inventory with the purchases made and the total…
Q: Wickes Ltd has the following figures at December 2020 £ Revenue(90% credit sales) 1,936,000 Opening…
A: Trade payables are referred to those suppliers from whom the business has purchases the supplies on…
Q: Wang Company's average inventory for 2019 was $75,000 and its inventory turnover for 2019 was 6.0;…
A: Average Inventory for 2019 = $75,000 Inventory turnover for 2019 = 6.0 Wang's 2019 days' sales in…
Q: Tater and Pepper Corp. reported sales for 2018 of $24 million. Tater and Pepper listed $5.7 million…
A: Sales = 24,000,000 Inventory = 5,700,000 Number of days of inventory
Q: Carey's Department Store had net sales of $20 million and cost of goods sold of $17.00 million for…
A: The question is based on the concept of Accounting Ratios.
Q: Days Sales in Inventory Accounts Receivable Turnover Calcute each ratio from the data for 2019 and…
A: Day sales in inventory= Average inventory/COGS*365 days Average inventory = (Beginning inventory+…
Q: A company reports the following: Cost of goods sold $262,800 Average inventory 52,560 Determine (a)…
A: Formula: Inventory turnover = Cost of goods sold / Average inventory
Q: The following data exists for Sandhill Company. 2020 2019 Accounts Receivable $60,000…
A: Solution: Average accounts receivables for 2020 = ($60,000 + $84,000) / 2 = $72,000 Accounts…
Q: What is the inventory turnover ratio for Fair Isle Inc. for 2020 if the inventory at the beginning…
A: The inventory turnover ratio indicates the number of times inventory turns to sales. It can be…
Q: The following information is available for Splish Brothers Inc. for three recent fiscal years.…
A: Ratio analysis means where different ratio of various years of years companies has been compared and…
Q: During 2021, a company sells 500 units of inventory for $88 each. The company has the following…
A: The inventory valuation is based on the flow of inventory. The firm can adopt the LIFO method, FIFO…
Q: During 2021, a company sells 460 units of inventory for $87 each. The company has the following…
A: To use the weighted average model, one divides the cost of the goods that are available for sale by…
Q: Rizza Co. has an average age of inventory equal to 25 days. If its end of year inventory level is…
A: Inventory days is a concept in costing that shows how much time it takes the firm to sale its…
Q: A company reports the following: Cost of goods sold $216,080 Average inventory 54,020 Determine (a)…
A: The inventory turnover ratio means how many times a company needs to replenish the average inventory…
Q: Use the following information regarding Whispering Winds Corp. and Concord Corporation to answer the…
A: The measure used for determining the number of times, inventory has been sold in a year is inventory…
Q: NG has the following financial data as of December 31, 2019: Gross sales = P250,000.00 Sales…
A: Accounts receivable turnover ratio is calculated by dividing days in a year by average collection…
Q: The following data were taken from the financial records of Crane Company. Net Sales Beginning…
A: Average inventory = Beginning inventory+ Ending inventory 2 2021 =…
Q: Required: Compute the following financial data for this year: 1. Accounts receivable turnover.…
A: Accounting ratios are used to express the arithmetical relationship of accounting figures are known…
Q: Based on the following data for the current year, what is the number of days' sales in inventory?…
A: Days sales inventory It is an estimation of the typical number of days or time expected for a…
Q: In 2020, Sahara Company has net credit sales of $923,795 for the year. It had a beginning accounts…
A: Formula: Accounts receivable Turnover = Net Credit sales / Average Accounts receivable Average…
Q: At December 31, 2022, the following information (in thousands) was available for Swifty Inc.: ending…
A: Formula: Inventory turnover = ( Cost of goods sold / Average inventory )
Q: Use the following information regarding Metlock, Inc. and Blossom Company to answer the question…
A: Formula:
Q: H. Richards Company, a calendar yearend company, reported the following balances: Inventory Accounts…
A: Cost of goods sold is the total cost of producing the goods sold. The difference between sales and…
Q: Use the following information relating to Clover Company to calculate (a) the inventory turnover…
A: Inventory turnover = Cost of goods sold / Average inventory where, Average inventory = (Beginning…
Q: The following data are taken from the financial statements: Current Year Preceding Year Sales…
A: Inventory turnover = Cost of goods sold/Average inventory Days' sale in inventory = 365/Inventory…
Q: Following are data for December 31,2021: Net sales $5,365,000 Cost of sales, and related buying…
A: Inventory turnover = cost of goods sold/ average Inventory
Q: Jackson, Inc. had net sales of $900,000 during 2019. On January 1, 2019, Jackson's accounts…
A: Solution: Average accounts receivable = (Beginning +ending) / 2 = (160000 + 200000) / 2 = $180,000
Q: A company reports the following: Cost of goods sold $478,150 Average inventory 95,630 Determine (a)…
A: Inventory Turnover ratio indicates how quickly Inventory convert into the sales.
Q: 1. The home office bills its branch at 40% above cost. During the year 2020, goods costing 150,000…
A: Branch and Head office concept comes in to existence where company is running from more than one…
Q: Based on the information provided below, what is the company's creditors turnover period? Opening…
A: Creditors turnover period shows the number of days which a company takes to repay its debts or…
Q: Following are data for December 31,2021: $5,365,000 492,000 730,000 Net sales Cost of sales, and…
A: Cash Operating Cycle: it is the Time period between purchase of inventory and Receipt of cash. it is…
Q: Following information is available for Nick Company for the year ended 2020: Additional…
A: Ratio analysis is used by organizations to evaluate the performance of the organization. It also…
Q: A company reports the following: Cost of goods sold $610,000 Average inventory 80,000 Determine…
A: Inventory turnover = Cost of goods sold / Average inventory where, Average inventory = (Beginning…
Q: Net Sales Cost of goods sold Average accounts receivable for the year Accounts receivable at…
A: Given the following information: Net sales: $1,095,000 Cost of goods sold: $657,000 Average…
Q: A company reports the following: Cost of merchandise sold $3,120,750 Average…
A: Ratio analysis is a method of measuring the financial position of the organization with different…
Q: A company reports the following: Cost of goods sold $618,675 Average inventory 82,490 Determine (a)…
A: Inventory turnover ratio: This is a financial measure that is used to evaluate as to how many times…
Q: Freedman Company estimates that sales this year of $12,000 will be returned next year and customers…
A: When a sales return occurs, perpetual inventory system requires recognition of the inventory's…
Q: The following information is available for Canadian Tire Corporation (in $ millions): 2018 2017 2016…
A: Inventory turnover = Cost of goods sold / Average inventory where, Average inventory = (beginning…
Q: 2022 2021 Average accounts receivable P 400,000 P 416,000 Net credit sales P2,600,000 P3,100,00C
A: 1) Account Receivable Turnover Ratio = Net Credit Sales/ Average account receivable 2) The…
Q: A Company shows the following balances on its comparative fınancial statements: 2021 2020 Inventory…
A: Since you have posted question with multiple sub-parts, we will do the first three sub-parts for…
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
- FINANCIAL RATIO: Requirement: Compute for the following financial ratios. for the year 2021 (round-off answers to two decimal places) d. Inventory turnover e. Days of inventory (use 365 days) f. Accounts receivable turnover (assume all sales are on credit) g. Days of receivable (use 365 days) h. Debt ratio i. Equity ratio j. Debt-to-equity ratioGIVE THE FORMULAS FOR THE FOLLOWING EFFICIENCY RATIOS OF NESTLE. THANK YOU Ratio Analysis Efficiency Asset turnover Inventory turnover Receivables turnover Summary of Financial Ratios of Nestle 2020 2019 Average collection period (days) 0.68 4.254 7.849 46.519 0.724 4.993 7.867 46.323 Industry Average 449 days 68 days 34 daysFINANCIAL RATIO: Requirement: Compute for the following financial ratios for the year 2021 (round-off answers to two decimal places) a. Current ratio b. Quick (Acid-test) ratio c. Working capital d. Inventory turnover e. Days of inventory (use 365 days) f. Accounts receivable turnover (assume all sales are on credit) g. Days of receivable (use 365 days) h. Debt ratio i. Equity ratio j. Debt-to-equity ratio k. Gross profit ratio 1. Net profit ratio m. Return on assets n. Return on equity
- Current assets Cash Trading investments Accounts receivable, net Inventory Prepaid expenses Total current assets Total current liabilities Additional information: Type here to search (in thousands) Allowance for doubtful accounts Credit sales $ Cost of goods sold 30 55 671 624 41 $ 1,421 882 $ 2021 $ 50 4.175 2.909 91 60 582 $ 1,311 $ 826 526 52 $ 2020 3.901 2,645 $ 60 40 498 581 $ 29 $ 1.208 756 2019 40 3.733 2.3641. Compute the following ratios for the comparative periods (2018 and 2019). The company used 365 days in its computation for some of the ratios. Show your solution. d. Accounts Receivable Turnover Ratio e. Average Collection Period f. Inventory Turnover Ratio g. Average Days in Inventory h. Number of days in Operating Cycle i. Debt to Total Assets Ratio j. Debt to Equity Ratio k. Times Interest Earned Ratio l. Gross Profit Ratio m. Profit Margin Ratio n. Return on Assets o. Return on Equity p. Assets Turnover RatioFINANCIAL RATIO: Requirement: Compute for the following financial ratios for the year 2021 (round-off answers to two decimal places) f. Accounts receivable turnover (assume all sales are on credit) g. Days of receivable (use 365 days) h. Debt ratio i. Equity ratio j. Debt-to-equity ratio k. Gross profit ratio 1. Net profit ratio m. Return on assets n. Return on equity
- Calculate the following ratios for 2021 using working Excel formulas. Make sure to label each appropriately using the following cell (number of days, number of times, etc.) Round each answer to 2 decimal places (example: ROE of .1678 should display as 16.78%): Current Ratio Quick Ratio Debt to Equity Ratio Equity Multiplier Times Interest Earned Dividend Yield Inventory Turnover Days’ Sales in Inventory Receivables Turnover Days’ Sales in Receivables Total Asset Turnover Profit Margin Return on Assets Return on Equity P/E Ratio 2.Calculate Return on Equity (ROE) for 2021 using the DupontAsset Efficiency Ratios Rumsford Inc.s financial statements for 2019 indicate the following account balances: Required: 1. Using this information, calculate Rumsfords receivable turnover ratio. (Note: Round to two decimal places.) 2. Using this information, calculate Rumsfords asset turnover ratio and also convert the ratio into days.Ratio Analysis The following information was taken from Nash Inc.s trial balances as of December 31, 2018, and December 31, 2019. Required: 1. Calculate the net profit margin and accounts receivable turnover for 2019. ( Note: Round answers to two decimal places.) 2. How much does Nash make on each sales dollar? 3. How many days does the average receivable take to be paid (assuming all sales are on account)?
- The following select financial statement information from Vortex Computing. Compute the accounts receivable turnover ratios and the number of days sales in receivables ratios for 2018 and 2019 (round answers to two decimal places). What do the outcomes tell a potential investor about Vortex Computing if industry average for accounts receivable turnover ratio is 4 times and days sales in receivables ratio is 85 days?Using the following select financial statement information from Mover Supply Depot, compute the number of days sales in receivables ratios for 2018 and 2019 (round answers to two decimal places). What do the outcomes tell a potential investor about Mover Supply Depot if the competition collects in approximately 65 days?Starlight Enterprises has net credit sales for 2019 in the amount of $2,600,325, beginning accounts receivable balance of $844,260, and an ending accounts receivable balance of $604,930. Compute the accounts receivable turnover ratio and the number of days sales in receivables ratio for 2019 (round answers to two decimal places). What do the outcomes tell a potential investor about Starlight Enterprises if the industry average is 1.5 times and the number of days sales ratio is 175 days?