Apple's working capital turnover in 2021 is a. 17.27 b. 19.18 c. 14.82
Q: o capitalize on all the money he earned as a teenager, Justin has $500,000 that he wants to invest…
A: The concept of time value of money will be applicable here. When we make an investment today it…
Q: The following information comes from the accounts of James Company on December 31: Ending Balance…
A: Cash collected from customer during the period :— It is difference between total account receivable…
Q: at Co. (a CCPC) reported a net income for tax purposes of $800,000 in Year 1. In Year 1, Kat Co.…
A: Every citizen have to pay the income tax on the income but some incomes are exempted from the taxes…
Q: The following data is given for Co. A., a merchandising company. Assume the company system and that…
A: Purchases refers to the goods and services involving the value of all the goods and services that…
Q: etermine the final tax for Kim Johnson for taxabl sident and do not have private health insurance.
A: Each and every citizen have to pay the tax on income and taxes are progressive types that means tax…
Q: (iii) If we arrive at expiry in June and you are proved correct with Apple shares selling for $120,…
A: The option which has been in the question is the put option. The strike price = $210 per share…
Q: Slewah Corporation has two main production departments, Cameras and Batteries. The company also has…
A: Step down method very commonly referred to as sequential method that allocates the cost-of-service…
Q: Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed…
A: The Total cost is the sum of fixed cost and variable cost. Fixed cost remain same at every level of…
Q: Problem 1-7A Analyzing transactions and preparing financial statements P1 P2 Gabi Gram started The…
A: Working : Accounting Equation : ASSETS = LIABILITIES + EQUITY
Q: The following information was obtained from analysis of selected accounts of Jungko the year ended…
A: Cash Flow Statement - A financial document called the cash flow statement (CFS) outlines the inflow…
Q: The Camino Real Landfill was required to install a plastic liner to prevent leachate from migrating…
A: Initial Investment = 43000 * $8 = $344,000 Annual Cash inflow each year for 7 years = 2500 * 13 +…
Q: You are a member of the recently formed internal audit department of Oregano Co (Oregano). The…
A: The primary purpose of an audit system is to collect data, perform a random data sample for each…
Q: Parnell Company acquired construction equipment on January 1, 2020, at a cost of $78,400. The…
A: Particulars 01-01-2020 01-01-2021 Cost/Fair Value 78,400 74,500 Residual Value 10,000 10,000…
Q: Question 8:- Vaishali Ltd. has furnished the following data pertaining to its business: Variable…
A: Using absorption costing, both variable and fixed cost are included in the product cost. The fixed…
Q: Sales (19,500 units × $30 per unit). . . . . . . . . . . . . . . . . . . . . . . . . $ 585,000…
A: In the first part of this question we have to calculate CM Ratio and breakeven point 1. CM Ratio =…
Q: hy is mortgage is non-current liabilities
A: Mortgage are said to be generally loans that are issued by the company as a result of which it is a…
Q: Drew is single and files using the head of household filing status. His AGI is $95000. He has two…
A: The child tax credit seems to be a tax credit amount granted by the IRS to American taxpayers to…
Q: Required information [The following information applies to the questions displayed below.] Martinez…
A: Manufacturing overhead is also called factory overhead . Manufacturing overhead cost is total of all…
Q: KLP produce 3 products A, B, C. They have a bottleneck on one machine with it being operational for…
A: Throughput contribution per time period of bottleneck :— It is calculated by dividing throughput…
Q: PROBLEM 3 The La Hermosa Company asked you to interpret the following ratios provided by its…
A: Financial ratios Financial ratios are determined by applying the certain formulas where the values…
Q: On her 45th birthday, Lisa Martin takes out a 20-year endowment policy with a £50,000 death benefit…
A: To calculate the expected present value of the survival benefit, we need to determine the…
Q: Income Statement Stmt of Changes in Balance Sheet Statement of Cash Flows Stkholders Eq Prepare the…
A: STATEMENT OF SHAREHOLDERS EQUITY Statement of Shareholders Equity is also Known as Changes in…
Q: Determine the final tax for Kim Johnson
A: In the United States, income tax is levied on all taxpayers for crossing the exemption limits. It’s…
Q: ume that his OAS will be clawed back on any income above $76,000.
A: Income Tax Payable - The term "income tax payable" refers to the amount of taxes owed by a business…
Q: Salamon Company purchased equipment on January 1, 2020 for $90,000. It is estimated that the…
A: Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life…
Q: Question 4 A bond with a P600, 000 face value has a 7% coupon and a five-year maturity, Find the…
A: Interest is defined as any compensation made by the borrowing party to the person from whom money…
Q: ss income from operations PHP 1,540,000 Expenses PHP 654,000 Dividend from foreign…
A: Comment - Multiple Questions Asked. Question -1 Income Tax - To recognize the income tax owed in the…
Q: Drilling Innovations Inc. produces specialized cutting heads used by companies that drill for oil…
A: Activity-based costing seems to be a method of determining goods costs that take into consideration…
Q: During substantive procedures, performing analytical procedures satisfies which primary audit…
A: Substantive Procedures Inspection techniques or strategies used to identify or avoid errors in…
Q: is an amount one pays out of pocket for an insurance claim before your insurance benefits kick in.…
A: Insurance When an insurance company agrees to indemnify a person for the covered amount of losses or…
Q: The common shares of Twitter, Incorporated (TWTR) recently traded on the NYSE for $67 per share. You…
A: We have an ESOP in had. We need to find the value under different sets of assumptions. The…
Q: Organic Juices, Inc. acquires Healthy Snax Corporation for $80 million in cash, in a merger. Healthy…
A: Journal entry: In the books of Organic Juices books: Account title Debit (Million) Credit…
Q: Interest rate. In 1972, Bob purchased a new Datsun 240Z for $2,500. Datsun later changed its name to…
A: ANNUALIZED RATE OF RETURN Annualized Rate of Return is a Return Generated on an Investment.…
Q: How to calculate the final tax for Kim Johnson for taxable income of $233,000. Assume he is a…
A: To calculate the final tax for Kim Johnson, you will need to consider the following: Kim's taxable…
Q: At the end of the year, the company purchased as a long-term investment P 10,000, 10% bonds to yield…
A: Carrying Amount of Investment: Stocks, bonds, mutual funds, exchange-traded funds, and real estate…
Q: On January 2, 2014, Pet Haven purchased fixtures for $32,400 cash, expecting the fixtures to remain…
A: Journal Entry :— It is an act of recording transaction in books of account when transaction…
Q: The small firm wants a 1-year fixed-rate loan. A bank's base rate is 6.14 percent. Adjustment for…
A: Bank loan - A loan occurs when one or more people, organizations, or other entities lend money to…
Q: NOTE: PLEASE ANSWER A, B, C AND D ONLY!!! ASAP
A: Trend Analysis Trend analysis or the Horizontal analysis which are provides the details of analyzing…
Q: Assignment: Completing the Accounting Cycle January 6, 2023 For the past several years, Juan de la…
A: The financial statements are the records of the business which reflect the health and success of the…
Q: Match each term with its definition. ✓ Management discussion and analysis ✓ Extraordinary items ✓…
A: A. Accounting income includes both recurring and nonrecurring components. B. The matching principle…
Q: Black Widow Corporation engaged you for the first time to audit their financial statements as of and…
A: Intangible assets - Intangible assets are assets that are not tangible or physical in nature and are…
Q: How much would you be prepared to pay for a $1,000 bond which comes due in 8 years and pays $100…
A: Bonds are long term sources of finance for companies and on bond there are annual interest payments…
Q: Harper has just been hired at SB Polo Supply as a managerial accountant. One of his responsibilities…
A: Material Variances When the standard cost of material is compared against the actual cost of…
Q: 11) The data given below were taken from a study about the preferred payment method (cash or credit…
A: As per the Honor code of Bartleby we are bound to give the answer of first question only, please…
Q: Operating profit earned by John and Jack in 2016-17 was $ 1,700,000. Its non-operating incomes were…
A: The amount of money your company makes during a specific time period after deducting all…
Q: . Journalize the entry to record the issuance of bonds on April 1. If an amount box does not require…
A: a) Premium on Bonds Payable = Cash Received - Bonds Face Value =8,316,508 - 8,000,000 =316,508…
Q: Shilpa tinot a director) receives a monthly salary of £3,500 from her employer, Larimar Ltd, where…
A: Employment income is income from remunerative work undertaken by the person as an employee in an…
Q: A Bank has the following balance sheet (in millions), with the risk weights in parentheses.…
A: a. Risk-adjusted on-balance-sheet assets of the bank as defined under the Basel III. The risk…
Q: Question(C) 1. On Septensber 1, 2015, Valdez Company reacquired 12,000 shares of ths$10par value…
A: 1. The journal entry to record the reacquisition of the shares should debit Treasury Shares for…
Q: hat is the difference between manufacturing and nonmanufacturing costs and between product and…
A: Manufacturing cost means the cost which is incurred to manufactured the product including the direct…
Attached is Apple Inc.'s financial information. Please answer questions 1-4.
1. Apple's
a. 17.27
b. 19.18
c. 14.82
d. 15.35
2. Apple's days to sell inventory in 2021 is
a. 8.99
b. 10.82
c. 9.73
d. 7.61
3. Apple's return on assets ratio in 2021 is
a. 0.46
b. 0.37
c. 0.18
d. 0.29
4. Apple's times interest rate earned ratio in 2021 is
a. 24.38
b. 19.36
c. 37.47
d. 42.21
Trending now
This is a popular solution!
Step by step
Solved in 5 steps
- Profitability metrics The following selected data were taken from the financial statements of The O'Malley Group Inc. for December 31, 20Y5. 20Y4. and 20Y3: No dividends on common stock were declared between 20Y3 and 20Y5. a.Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity Tor the years 20Y4 and 20Y5. Round to one decimal place. b. What conclusions can be drawn from these data as to the company's profitability?Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was 82.60 on December 31, 20Y2. Instructions Determine the following measures for 20Y2 (round to one decimal place, including percentages, except for per-share amounts): 1. Working capital 2. Current ratio 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 12. Return on total assets 13. Return on stockholders equity 14. Return on common stockholders equity 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yieldRevenue Cost of goods sold Interest expense Income tax expense Net income Current assets (ending balance) Long-term assets (ending balance) Total assets (ending balance) Current liabilities (ending balance) Long-term liabilities (ending balance) Total liabilities (ending balance) Preferred dividends Total stockholders' equity (ending balance) Total outstanding shares Market price of shares Average inventory Average assets (excluding long-term investments) Average total assets Average total stockholders' equity Question 6 2021 2020 2019 2018 2017 10,901,977.24 7,508,199.16 5,727,216.00 3,941,696.00 3,011,800.00 2,061,536.40 1,374,357.60 1,025,640.00 683,760.00 518,000.00 1,052,060.00 891,576.00 768,600.00 610,000.00 500,000.00 1,225,572.00 845,222.00 640,320.00 441,600.00 320,000.00 5,571,720.00 3,714,480.00 2,772,000.00 1,848,000.00 1,400,000.00 11,751,396.40 9,039,535.60 68,480,133.20 5,035,392.00 4,060,800.00 6,091,200.00 17,627,094.60 13,559,303.40 102,720,199.80 7,553,088.00…
- Use the following information to answer all accounting questions Category Accounts payable Accounts receivable Accruals Additional paid in capital Cash Common Stock @ par value COGS Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes 2020 1726 2812 705 2000 4028 170 1755 99 185 2574 8754 8312 750 799 3621 4338 450 2021 1120 2254 800 2300 175 2056 120 271 1829 8245 10254 547 1021 4021 5768 690Compared to the ROE in 2020, the ROE in 2021 has Improved / 6.65% Improved / 3.43% Worsened / -6.65% Worsened / -3.43% Stayed the same / 0% byQuestion 3. Use the following information for Tesconi. Draw up a balance sheet, income statement, cash flow statement for this company in 2023. Account 2023 2022 Sales 366996 32220 253122 14300 24255 15235 Depreciation Cost of good sold Interest Cash A/R N/P L-T Debt Other CL Common stock and paid-in surplus Accumulated retained earnings Net FA A/P Inventory Taxe rate Dividend 10800 95000 15553 40000 365734 27420 27155 20000 35% 24046 12448 12000 80000 11571 40000 219826 324695 23184 25392
- + INCOME STATEMENT sales cost of goods sold gross gofit selling and administrative expenses amortization expenses operating expenses interest expenses earnings before taxes taxes earnings after taxes Brefered stock dividends earning available to common shareholder shares outstanding earnings per share Retained earnings balance, January 1, 20xx Add; earnings available to common $ en shareholders 20xx Deduct: cash dividends declared and paid in 20xx retained earnings balance, December 31, 20xx 4700000 2925000 1775000 630000 290000 855000 52,000 803000 390000 413000 STATEMENT OF RETAINED EARNINGS FO THE YEAR ENDED DECEMBER 31, 2003 50000 363000 226875 1.6 880000 363000 200000 1043000Cullumber Corporation reported the following information for 2021: Sales revenue Cost of goods sold Operating expenses Unrealized holding gain on available-for-sale securities Cash dividends received on the securities $1034000 For 2021, Cullumber would report comprehensive income of $241956. $237820. $200596. O $41360. 723800 113740 41360 4136Solar Solutions began operations on January 1, 2015, and is now in its sixth year of operations. It is a retail sales company with a large amount of online sales. The adjusted trial balance as of December 31, 2020 appears below, along with prior year balance sheet data and some additional transaction data for 2020. SOLAR SOLUTIONS Adjusted Trial Balance 12/31/2020 2020 2019 Account Title Adjusted Trial Balance Post-Closing Trial Balance $ 125,600 Debit Credit 35,000 6,000 Debit Credit Cash Accounts Receivable Prepaid Insurance Inventory Office Equipment Machinery & Tools |Accumulated Depreciation Accounts Payable Salaries Payable Sales Tax Payable Note Payable-Long Term Common Stock, $10 par Retained Earnings $ 122,200 125,600 55,000 35,000 15,600 5,000 6,000 47,000 46,000 15,600 21,000 63,000 47,000 (16,000) $ 234,200 59,000 21,000 21,000 16,000 11,200 16,800 2,600 2,700 2,000 31,000 4,000 22,100 240,000 160,000 28,600 28,600 Dividends 10,000 Sales Revenue 235,000 Cost of Goods Sold…
- Assets Cash S.T. Investments Accts Receivable Inventories Total Current Assets Net PP&E Total Assets Liabilities. Accts Payable Notes Payable Accruals Balance Sheet Current Liabilities L.T. Bonds Preferred Stock Common Stock Retained Earnings Total Equity Total Liab. & Equity Less: Interest 2021 120 30 400 Pre-tax Earnings 1,200 1,750 3,000 4,750 100 100 300 500 520 200 530 3,000 3,530 4,750 Net Sales COGS except Dep Depreciation & Amortization Other Operating Expenses EBIT Income Statements 2021 5,500 3,800 180 600 920 60 860 215 Taxes (25%) Preferred Dividends 15 Net Income for CS Holders 630 2020 $102 40 384 774 1. What is the company's MVA? 2. What is the company's EVA in? 3. What is the current ratio of the Company? 1,300 1,780 3,080 180 28 370 578 350 100 500 1,552 2,052 3,080 Number of Common Stock Outstanding = 1,200 Price of Common Stock = 4.00 WACC Cost of Capital = 12.0% Return on Investment (ROI)= 15.97% 2020 4,800 3,710 180 470 440 40 400 100 7 293Requirement 1. Compute these ratios: Working Capital Current Debt-to- Ratio Cash Ratio Debt Ratio Equity Ratio Round ratios to two 14.44 212400 7.73 decimal places or format as percentages or Accounts Days Sales currency as appropriate. Inventory Days Sales in Gross ProfitReceivable in Turnover Inventory Percentage Turnover Receivables 2019 Total Assets = Rate of Rate of Asset Return on Return on Turnover Stockholders' Earnings Total Assets Ratio Equity Per Share 2019 SHE = Price/ Earnings *Current Stock Price is Dividend $10.00 per share Ratio* Dividend Yield Payout Dividend per share= Requirement 2. Based on the ratios computed above, analyze the company's ability to pay its debts (both current and long term). Refer to at least 3 specific ratios in your analysis. Requirement 3: Based on the ratios computed above, analyze the company's management of inventory. Refer to at least 2 specific ratios in your analysis. Requirement 4: Based on the ratios computed above, analyze the company's…Ch: Analyzing Financial Statements The current year financial statement for sand and Juffair companies are presented below. Balance sheet at 31 Dec 2019 Item Cash Account receivable (net) Inventory Property & equipment (net) Other assets Total assets Current liabilities Long-term debt (interest rate: 10%) Capital stock ($10 par value) Additional paid-in capital Retained earnings Total liabilities and stockholders' equity Income statement at 31 Dec 2019 item Sales revenue (1/3 on credit) (-) Cost of goods sold (-) Operating expenses Net income Other data item Per share stock price at end of current year Average income tax rate Dividends declared and paid in current year Sand 45000 45000 95000 160000 90000 435000 95000 75000 155000 40000 70000 435000 Sand 440000 230000 159000 51000 Sand 23 30% 34000 Juffair 22000 35000 45000 415000 320000 837000 65000 65000 522000 110000 75000 837000 Juffair 800000 399000 315000 86000 Juffair 25 30% 153000 Both companies are in the fish catching and…