I need help for the following problems Alpha company has the following comparative balance sheet data:Alpha CompanyBalance SheetsDecember 3120202019Cash40,00050,00065,0001,65,0003,20,00020,000Accounts receivable (net)70,000InventoryPlant assets (Net)60,0002,00,0003,50,00062,00098,000Accounts payableMortgage payable (6%)Common stock, $10 perRetained earnings53,000102,0001,45,00050,0001,20,00040,0003,50,0003,20,000Additional information for 2020:Net income was $45,0002. Sales on account were $450,000. Sales returns and allowances were 350,0003. Cost of goods sold was $218,000.Requirements: Compute the following ratios at December 31, 2020(a) Current Ratio (b) Inventory Turnover Ratio (c) Debt to Equity Ratio (d) Profit Margin (e) Return onAssets.

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Alpha company has the following comparative balance sheet data: Alpha Company Balance Sheets December 31 2020 Cash 20,000 Accounts receivable (net) Inventory Plant assets (Net) 70,000 60,000 2,00,000 3,50,000 Accounts payable Mortgage payable (6%) Common stock, $10 per Retained earnings 53,000 102,000 1,45,000 50,000 3,50,000 Additional information for 2020: 1. Net income was $45,000 2. Sales on account were $450,000. Sales returns and allowances were 3. Cost of goods sold was $218,000. Requirements: Compute the following ratios at December 31, 2020 (a) Current Ratio (b) Inventory Turnover Ratio (c) Debt to Equity Ratio (

Alpha company has the following comparative balance sheet data: Alpha Company Balance Sheets December 31 2020 Cash 20,000 Accounts receivable (net) Inventory Plant assets (Net) 70,000 60,000 2,00,000 3,50,000 Accounts payable Mortgage payable (6%) Common stock, $10 per Retained earnings 53,000 102,000 1,45,000 50,000 3,50,000 Additional information for 2020: 1. Net income was $45,000 2. Sales on account were $450,000. Sales returns and allowances were 3. Cost of goods sold was $218,000. Requirements: Compute the following ratios at December 31, 2020 (a) Current Ratio (b) Inventory Turnover Ratio (c) Debt to Equity Ratio (

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 6MCQ

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XYZ provided the following financial information: XYZBalance SheetAs of 12/31/19 Assets: Liabilities and Equity: Cash and marketable securities $27,476 Accounts payable and accruals $154,860 Accounts receivable $143,519 Short-term notes payable $21,255 Inventory $212,379 Total current liabilities $176,115 Total current assets $383,374 Long term debt $155,510 Net plant and equipment $602,704 Total liabilities $331,625 Goodwill and other assets $42,422 Common stock $312,719 Retained earnings $384,156 Total assets $1,028,500 Total liabilities and equity $1,028,500 In addition, it was reported that the firm had a net income of: $158,402 and net sales of: $4,272,431 Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g. 52.75.): Current Ratio ? times…
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Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500 $6,100 Accounts receivable18,400 26,600 Inventory13,200 10,200 Land34,200 30,200 Building76,200 76,200 Accumulated depreciation(17,200) (14,200)Total137,300 135,100 Accounts payable19,500 33,300 Common stock ($5 par)74,500 74,500 Retained earnings43,300 27,300 Total137,300 135,100 Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83) Inventory turnoverenter the number rounded to 2 decimal places Days in inventoryenter the number of days rounded to 0 decimal…
Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500 $6,100 Accounts receivable18,400 26,600 Inventory13,200 10,200 Land34,200 30,200 Building76,200 76,200 Accumulated depreciation(17,200) (14,200)Total137,300 135,100 Accounts payable19,500 33,300 Common stock ($5 par)74,500 74,500 Retained earnings43,300 27,300 Total137,300 135,100 Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83)
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