2 Ch. 17 - Financial Statement Anal x Bb 2193516 + -> a learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com/5f7ce11c673e5/2193516?X-Blackboard-Expiration=1648004400000&X-Blackboard-Signature=wLhZZb3V30b7J84. 2 ☆ W WordCounter - Cou. y Yahoo A Regions Bank | Che. welcome, Justin - B. eBooks, Textbooks. Jefferson State Co. O Electronics, Cars, Fa. C Home | Chegg.com = 2193516 1/1 | - 100% + | E O December 31, 2014 and 2013 Dec. 31, 2014 Dec. 31, 2013 Assets Current assets: Cash............... Marketable securities Accounts receivable (net)... Inventories...... 000. Prepaid expenses $ 500,000 1,010,000 740,000 1,190,000 250,000 $3,690,000 2,350,000 3,740,000 $9,780,000 $ 400,000 1,000,000 510,000 950,000 229,000 $3,089,000 Total current assets.. Long-term investments.. Property, plant, and equipment (net). Total assets.. ..... 2,300,000 3,366,000 $8,755,000 Liabilities Current liabilities... $ 900,000 $ 880,000 Long-term liabilities: Mortgage note payable, 8%, due 2019. Bonds payable, 10%, due 2015. Total long-term liabilities Total liabilities............... $ 200,000 1,500,000 $1,700,000 2,600,000 1,500,000 $1,500,000 $2,380,000 Stockholders' Equity $ 500,000 Preferred $0.90 stock, $10 par Common stock, $5 par... Retained earnings........ Total stockholders' equity........ essa Total liabilities and stockholders' equity.. 500,000 6,180,000 $7.180,000 $9,780,000 $ 500,000 500,000 5,375.000 $6,375,000 $8,755,000 000 000.00 Instructions Determine the following measures for 2014, rounding to one decimal place, except per- share amounts which should be rounded to the nearest penny: 1. Working capital 2. Current ratio dmda boni 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
2 Ch. 17 - Financial Statement Anal x Bb 2193516 + -> a learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com/5f7ce11c673e5/2193516?X-Blackboard-Expiration=1648004400000&X-Blackboard-Signature=wLhZZb3V30b7J84. 2 ☆ W WordCounter - Cou. y Yahoo A Regions Bank | Che. welcome, Justin - B. eBooks, Textbooks. Jefferson State Co. O Electronics, Cars, Fa. C Home | Chegg.com = 2193516 1/1 | - 100% + | E O December 31, 2014 and 2013 Dec. 31, 2014 Dec. 31, 2013 Assets Current assets: Cash............... Marketable securities Accounts receivable (net)... Inventories...... 000. Prepaid expenses $ 500,000 1,010,000 740,000 1,190,000 250,000 $3,690,000 2,350,000 3,740,000 $9,780,000 $ 400,000 1,000,000 510,000 950,000 229,000 $3,089,000 Total current assets.. Long-term investments.. Property, plant, and equipment (net). Total assets.. ..... 2,300,000 3,366,000 $8,755,000 Liabilities Current liabilities... $ 900,000 $ 880,000 Long-term liabilities: Mortgage note payable, 8%, due 2019. Bonds payable, 10%, due 2015. Total long-term liabilities Total liabilities............... $ 200,000 1,500,000 $1,700,000 2,600,000 1,500,000 $1,500,000 $2,380,000 Stockholders' Equity $ 500,000 Preferred $0.90 stock, $10 par Common stock, $5 par... Retained earnings........ Total stockholders' equity........ essa Total liabilities and stockholders' equity.. 500,000 6,180,000 $7.180,000 $9,780,000 $ 500,000 500,000 5,375.000 $6,375,000 $8,755,000 000 000.00 Instructions Determine the following measures for 2014, rounding to one decimal place, except per- share amounts which should be rounded to the nearest penny: 1. Working capital 2. Current ratio dmda boni 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
Chapter10: Financial Statements And Reports
Section: Chapter Questions
Problem 3.3C
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