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Question Content Area The following information pertains to Tanzi Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments $41,912 Accounts receivable (net) 29,707 Inventory 28,654 Property, plant and equipment 293,074 Total Assets $393,347 Liabilities and Stockholders' Equity Current liabilities $58,253 Long-term liabilities 97,633 Stockholders' equity-common 237,461 Total Liabilities and stockholders' equity $393,347 Income Statement Sales $80,900 Cost of goods sold 36,405 Gross margin $44,495 Operating expenses 25,209 Net income $19,286 Number of shares of common stock 6,546 Market price of common stock $35 What is the current ratio for this company? Round your answer to two decimal places. Select the correct answer. 1.23 2.22 0.72 1.72

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Financial Accounting Question no 12

Question 1 The following are financial statements of Crane Company. Crane CompanyIncome StatementFor the Year Ended December 31, 2022 Net sales   $2,192,500 Cost of goods sold   1,010,500 Selling and administrative expenses   900,500 Interest expense   78,000 Income tax expense   62,500 Net income   $ 141,000 Crane CompanyBalance SheetDecember 31, 2022 Assets     Current assets       Cash   $ 55,100   Debt investments   89,000   Accounts receivable (net)   168,400   Inventory   236,500    Total current assets   549,000 Plant assets (net)   572,500 Total assets   $ 1,121,500 Liabilities and Stockholders’ Equity     Current liabilities       Accounts payable   $ 152,000   Income taxes payable   31,000    Total current liabilities   183,000 Bonds payable   220,740    Total liabilities   403,740 Stockholders’ equity       Common stock   345,000   Retained earnings   372,760…

Question Content Area Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $31,654 Accounts receivable 69,987 Accrued liabilities 6,524 Cash 16,364 Intangible assets 38,210 Inventory 80,832 Long-term investments 90,451 Long-term liabilities 73,398 Notes payable (short-term) 26,425 Property, plant, and equipment 659,739 Prepaid expenses 1,697 Temporary investments 38,252 Based on the data for Harding Company, what is the amount of quick assets?

Evaluating Financials and Ratios From Chapter 17 1. From the data given in the following table, please construct as many of the financial ratios discussed in this chapter as you can and then indicate what dimension of a business firm's performance each ratio represents. Cash account Accounts receivable Inventories Fixed assets Miscellaneous assets Cost of goods sold Wages and salaries Interest expense Overhead expenses Depreciation expenses Selling, administrative, and other expenses 108 Before-tax net income 117* Taxes owed 325* After-tax net income 15 160 725 *Annual principal payments on bonds and notes payable total $55. The firm's marginal tax rate is 35 percent. Short-term debt: Accounts payable Notes payable Long-term debt (bonds) Equity capital A. Business Assets B. C. D. The financial ratios that could be computed given the data in this problem fall under the following categories: E. F. Liabilities and Equity G. Annual Revenue and Expense Items $60 Net sales 155 128 286 96 725…

C. Comparative Financial data for the two companies are shown below: Cash Accounts Receivable Inventories Prepaid Expenses Other Assets (net) Current Liabilities Mortgage Payable Owner's Equity Sales (all on credit) Gross Profit rate on Sales Number of Business days, 360 TIKTAK CORP. P67,832 a. Inventory Turnover b. Average age of inventory c. Accounts receivable turnover 84,480 71,280 12,000 353,388 126,694 50,000 412,286 844,800 32.5% METATA CORP. P 17,100 27,600 26,496 3,000 173,124 48,392 100,000 98,928 165,600 20% Required: 1. Determine which of the two companies has the more liquid current assets by developing the following ratios: d. Average collection period 2. Determine which of the two companies has the more total liquid assets. 3. Determine which of the two companies is generally more stable.

1. Prepare Vertical Analysis for both the income statement and the balance sheet. 2. Examine the company's Assets, Liabilities and Stockholder's Equity.

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