this would represent an example of what type of analysis: a. Vertical Analysis b. Horizontal Analysis c. Ratio Analysis
Q: Using the data in the preceding question, assume accounts receivable had a beginning balance of…
A: Given information is: Net credit Sales = $807,800 Beginning Account Receivables = $67,400 Ending…
Q: d. Determine the net realizable value of Hendry Corporation's accounts receivable at December 31,…
A: Bank Reconciliation Statement It is a statement that compares the cash balance on a company’s books…
Q: What is the receivables turnover?
A: Turnover means the is the amount of sales by the business. It is sometimes called as income of the…
Q: A company reports the following: Sales $572,320 Average accounts receivable (net) 20,440…
A: The question is related to Ratio Analysis. The Accounts Receivables Turonver Ratio is calculated…
Q: Assume selected financial data for Walmart and Target, two close competitors in the retail industry,…
A: Receivable turnover ratio: The receivables turnover ratio is an accounting measure used to…
Q: Determine (a) the accounts receivable turnover and (b) the number of days' sales final answers to…
A: Solution: Number of days sales in receivable represents the average number of days a company takes…
Q: Financial statement data for years ending December 31 for Robinhood Company follow: 20Υ9 20Υ8 Sales…
A:
Q: 1. Compute the accounts receivable turnover ratios and the number of days' sales in receivables…
A: Hi student Since there are multiple questions, we will answer only first question.
Q: A firm has $400,000 in credit sales and $100,000 in accounts receivable.Compute accounts receivable…
A:
Q: 10. Review the select information for Bean Superstore and Legumes Plus (industry competitors), and…
A: Accounts Receivable Turnover Ratio: Accounts Receivable Turnover Ratio measures how many times a…
Q: The following data are taken from the financial statements of Outdoor Patio Inc. Terms of all sales…
A: Answer a) Accounts receivable turnover ratio for Year 3=SalesAverage accounts…
Q: Use the following financial statement information from Black Water Industries. BLACK WATER…
A: Accounts Receivable Turnover Ratio=Net Credit SalesAverage Accounts Receivable
Q: Millennial Manufacturing has net credit sales for 2018 in the amount of $1,453,630, beginning…
A: Accounts receivable turnover ratio = Net Credit Sales / Average Accounts Receivables Sales in…
Q: What is the number of days’ sales in receivables? Round to one decimal place. Group of answer…
A: Number of days' in receivables Days Sales Outstanding (DSO) represents the average number of days it…
Q: The "age" of an account receivable is the length of time that it has been outstanding. At the end of…
A: Accounts receivables is the current asset that represents the money which is to be received by…
Q: A company computes its accounts receivable turnover to be 20. Based onthis information, find the…
A: Working of the ACP (Average collection Period) is computed below:
Q: Barga Company's net sales for Year 1 and Year 2 are $666,000 and $747,000, respectively. Its…
A: The ratio analysis helps to analyse the financial statements of the business. The days' sales…
Q: ccounts Receivable Analysis A company reports the following: Sales…
A: a) Account Receivable Turnover: Calculate the accounts receivable turnover as shown below: Account…
Q: The following information is from the annual financial statements of Raheem Company. Year 3 Year 2…
A: Average Accounts Receivable = Opening Accounts Receivable + Closing Accounts Receivable2…
Q: Review the select information for Bean Superstore and Legumes Plus (industry competitors), and then…
A: Introduction: Accounts receivable consists of the credit sales balance. Accounts receivable…
Q: Millennial Manufacturing has net credit sales for 2018 in the amount of $1,453,630, beginning…
A: Accounts receivable turnover ratio is a type of activity ratio, which is defined as the measurement…
Q: A company reports the following: Sales $1,180,410 Average accounts receivable (net) 56,210…
A: Given: Sales = $1,180,410 Average accounts receivables = $56,210
Q: The following are excerpts from the financial statements of 2018 and 2019 of Mandela Corporation.…
A: 1. Accounts Receivable Turnover ratio= Net sales/Average Accounts receivable 2.No. Of days sales…
Q: A firm has $375,000 in credit sales and $135,000 in accounts receivable. Compute the average number…
A: Average number of collection days = 365 days / Average receivable turnover ratio Average receivable…
Q: If the accounts receivable turnover is 42 days, what is the account receivable turnover ratio?
A: Accounts receivables are the current assets of the company. The accounts receivables are increased…
Q: A company’s accounts receivable balance after posting net collections from customers is $150,000.…
A: Net realizable value of the accounts receivable = Accounts receivable - Allowance for doubtful…
Q: A firm starts with $5,000 of accounts receivables and ends the period with $4,000 of receivables. If…
A: Sales revenue: It can be defined as the amount received by an individual or entity against the sale…
Q: A wants you to calculate its average days in accounts receivable for the year. Its beginning and…
A: Average account receivable = [(Beginning balance - Beginning allowance account) + (Ending balance -…
Q: An analyst has obtained the following information regarding ABC, Inc. Using this information, he…
A: Operating cycle is calculated as below: Now, Cash conversion cycle (CCC) will determine Days…
Q: A company reports the following: Sales $838,040 Average accounts receivable (net) 51,100 Round your…
A: Formula: Accounts receivable turnover ratio = Net sales / Average accounts receivable Average…
Q: Trout Lumber Yard has a current accounts receivable balance of $440,516. Credit sales for the year…
A: Receivables turnover = Credit sales / Receivables Days' sales in receivables = 365 days /…
Q: Use the following financial statement information from Black Water Industries. BLACK WATER…
A: Account receivable turnover ratio is calculated to find out the credit policy of the company and…
Q: A company reports the following: Sales $1,460,000 Average accounts receivable (net) 100,000…
A: a. Accounts receivable turnover = Net sales / average accounts receivable Accounts receivable…
Q: You are an investor looking to contribute financially to either company A or Company B. The…
A: The receivables turnover ratio is a financial indicator that evaluates a company's ability to…
Q: A company reports the following: Sales $1,359,990 Average accounts receivable (net) 83,950…
A: Accounts receivable turnover = Sales/Average accounts receivable Number of days' sales in…
Q: The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are…
A: Average accounts receivable for 20Y3 = ($196,800+ 212,000)/2 = $204,400 Average accounts…
Q: A company reports the following: Sales $956,300 Average accounts receivable (net) 73,000 Round…
A: Accounts receivable turnover ratio helps stakeholders to identify that how company are managing…
Q: Calculating the Average Collection Period Trout Lumber Yard has a current accounts receivable…
A: Given, Accounts receivable = $527,164 Total credit sales = $6,787,626 Number of days in a year = 365…
Q: The following annual account balances are from Armour Sports at December 31. a. What is the change…
A: Average collection period: It can be defined as the average number of days that is taken by the…
Q: a) Calculate Kopitiam Sdn Bud’s accounts receivable turnover ratio for Year 2 and Year 3.…
A: a) Accounts receivable turnover ratio:- net sales/average account receivables. b) Days of accounts…
Q: A firm has accounts receivables of R352 476, sales just ended of R3 050 291. What is the average…
A: The Financial Ratio is mainly used by the investor for measuring the financial performance of the…
Q: Keith Corporation has an accounts receivable turnover ratio of 3.4. What is the firm’s average…
A: Formula: Average collection period = 360 days/Accounts receivable turnover ratio where, Accounts…
Q: The following data are taken from the financial statements of Outdoor Patio Inc. Terms of all sales…
A: Accounts receivable turnover ratio = Net credit sales / Average Accounts Receivables where, Average…
Q: . Medwing Corporation has a DSO of 19 days. The company averages 5,500 in credit sales each day.…
A: Given: (Days sales outstanding) DSO = 19 days Credit sales = 5,500 Assuming 365 days in a year.
If you are told that LSJ Company turns its accounts receivable over every 33 days…this would represent an example of what type of analysis:
a. Vertical Analysis
b. Horizontal Analysis
c. Ratio Analysis
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Review the select information for Bean Superstore and Legumes Plus (industry competitors), and then complete the following. A. Compute the accounts receivable turnover ratios for each company for 2018 and 2019. B. Compute the number of days sales in receivables ratios for each company for 2018 and 2019. C. Determine which company is the better investment and why. Round answers to two decimal places.Find the following using the data bellow Accounts receivable = 111,100,000 Current assets = 316,500,000 Total assets = 600,000,000 A. Return on assets B. Common equity C .Quick ratioAn analyst has obtained the following information regarding ABC, Inc. Using this information, he needs to estimate the company's Accounts Payable. Sales = $93,398Cost of Goods Sold (COGS) = $36,052Cash Cycle = 22 daysOperating Cycle = 86 daysAccounts Receivable Period = AR Period = Average Collection Period (ACP) = 40 daysWhat is the company's Accounts Payable balance?
- 10. Review the select information for Bean Superstore and Legumes Plus (industry competitors), and then complete the following. A. Compute the accounts receivable turnover ratios for each company for 2018 and 2019. B Compute the number of days sales in receivables ratios for each company for 2018 and 2019 C. Determine which company is the better investment and why. Round answers to two decimal places.Consider the following company’s balance sheet and income statement. For this company, calculate the following: Current ratio. Number of days’ sales in receivables. Sales to total assets.Guys could you please help me: I'm attaching AT&T's Balance Sheet and Income Statement for the analysis.I'd really appreciate help with the following: Perform a vertical financial analysis incorporatingi. Debt ratioii. Debt to equity ratioiii. Return on assetsiv. Return on equityv. Current ratiovi. Quick ratiovii. Inventory turnoverviii. Days in inventoryix. Accounts receivable turnoverx. Accounts receivable cycle in daysxi. Accounts payable turnoverxii. Accounts payable cycle in daysxiii. Earnings per share (EPS)xiv. Price to earnings ratio (P/E)xv. Cash conversion cycle (CCC), andxvi. Working capitalxvii. Explain Dupont identity, apply it to your selected company, interpret thecomponents in Dupont identity.
- 10. Review the select information for Bean Superstore and Legumes Plus (industry competitors), and then complete the following. A. Compute the accounts receivable turnover ratios for each company for 2018 and 2019. B. Compute the number of days' sales in receivables ratios for each company for 2018 and 2019. C. Determine which company is the better investment and why. Round answers to two decimal places. BEAN SUPERSTORE LEGUMES PLUS Comparative Balance Sheet December 31, 2017, 2018, and 2019 Comparative Balance Sheet December 31, 2017, 2018, and 2019 2019 2018 2017 2019 2018 2017 Assets Cash $345,600 67,000 145,830 100,465 $330,460 62,000 178,011 101,202 $300,000 59,000 155,205 103,085 $407,000 85,430 128,080 182,006 $386,450 82,670 40,036 23,400 $356,367 79,230 52,142 111,701 Accounts Receivable Inventory Equipment Total Assets $658,895 $671,673 $617,290 $802,516 $532,556 $599,440 Liabilities Salaries Payable Accounts Payable Notes Payable $ 91,455 $ 90,200 70,000 41,000 $ 88,563…calculate these (d) Current ratio :1 (e) Accounts receivable turnover times (f) Average collection period daysI uploaded pictures for problem 17-4B. I am trying to figure out the 3. Quick Ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of Fixed Assets to long-term Liabilities 9. Ratio of Liabilities to Stockholders Equity 10. Times interest earned 11. Asset Turnover 13. Return on Stockholders Equity 14. Return on Common Stockhholders Equity 15. Earnings per share on Common stock 16. Price Earnings Ratio 17. Dividends per share of Common Stock 18. Dividend yield
- 2) Use the information above to complete the Aging of Accounts Receivable Schedule below. Create a formula for cach age category, using the Excel IF and AND FUNCTIONS (fx) to determine wh customer amount belongs. The IF statement may include the following arguments: ,>=, <=, Excel AND FUNCTION (fx).Consider again the example introduced in Section 4.5 of a credit card company that has a database of information provided by its customers when the customers apply for credit cards. An analyst has created a multiple regression model for which the dependent variable in the model is credit card charges accrued by a customer in the data set over the past year (y), and the independent variables are the customers annual household income (x1), number of members of the household (x2), and number of years of posthigh school education (x3). Figure 4.23 provides Excel output for a multiple regression model estimated using a data set the company created. a. Estimate the corresponding simple linear regression with the customers annual household income as the independent variable and credit card charges accrued by a customer over the past year as the dependent variable. Interpret the estimated relationship between the customers annual household income and credit card charges accrued over the past year. How much variation in credit card charges accrued by a customer over the past year does this simple linear regression model explain? b. Estimate the corresponding simple linear regression with the number of members in the customers household as the independent variable and credit card charges accrued by a customer over the past year as the dependent variable. Interpret the estimated relationship between the number of members in the customers household and credit card charges accrued over the past year. How much variation in credit card charges accrued by a customer over the past year does this simple linear regression model explain? c. Estimate the corresponding simple linear regression with the customers number of years of posthigh school education as the independent variable and credit card charges accrued by a customer over the past year as the dependent variable. Interpret the estimated relationship between the customers number of years of posthigh school education and credit card charges accrued over the past year. How much variation in credit card charges accrued by a customer over the past year does this simple linear regression model explain? d. Recall the multiple regression in Figure 4.23 with credit card charges accrued by a customer over the past year as the dependent variable and customers annual household income (x1), number of members of the household (x2), and number of years of posthigh school education (x3) as the independent variables. Do the estimated slopes differ substantially from the corresponding slopes that were estimated using simple linear regression in parts a, b, and c? What does this tell you about multicollinearity in the multiple regression model in Figure 4.23? e. Add the coefficients of determination for the simple linear regression in parts a, b, and c, and compare the result to the coefficient of determination for the multiple regression model in Figure 4.23. What does this tell you about multicollinearity in the multiple regression model in Figure 4.23? f. Add age, a dummy variable for gender, and a dummy variable for whether a customer has exceeded his or her credit limit in the past 12 months as independent variables to the multiple regression model in Figure 4.23. Code the dummy variable for gender as 1 if the customers gender is female and 0 if male, and code the dummy variable for whether a customer has exceeded his or her credit limit in the past 12 months as 1 if the customer has exceeded his or her credit limit in the past 12 months and 0 otherwise. Do these variables substantially improve the fit of your model?b. Comment on each of the ratios calculated in part (a). ABOVE IS THE QUESTION THAT I NEED ANSWER, BELOW IS THE QUESTION (A) ANSWER THAT MENTIONED IN QUESTION (B) a) Calculate the following ratios for Company A and Company B. State clearly the formulae used for each ratio: ANSWER iv) Receivables Collection Period (days) Receivables Collection Period (days) = ( Receivables / Net sales ) x 365 days Company A: = ( 6000 / 160000 ) x 365 = 13.68 Days Company B: = ( 20000 / 240000 ) x 365 = 30.41 Days v) Payables Payment Period (days) Company A: Payables payment period= * 365 Accounts payable= RM 10,000 Cost of sales= RM120,000 Payable payment period= *365 = 30.42 days Company B: Accounts payable= RM 20,000 Cost of sales= RM 180,000 Payable payment period= *365 = *365 = 40.55 days vi)Current Ratio Company A Current ratio= Current assets= RM 40,000…