I need help in part a; please explain me in steps. thanks % are considered very good.)considered good for manu-analysis.P14-5A. Changes in Various Ratios Presented below is selected information for Turner Company:Sales revenue.Cost of goods soldInterest expense.Income tax expenseNet income...Cash flow from operating activities.Capital expenditures...Accounts receivable (net), December 31Inventory, December 31..Stockholders' equity, December 31Total assets, December 31.20192018$950,000575,00020,00027,00065,00070,00045,000126,000196,000450,000750,000$850,000545,00020,00030,00055,00060,00045,000120,000160,000400,000675,000RequiredCalculate the following ratios for 2019. The 2018 results are given for comparative purposes.а. 201835.9%1.Gross profit percentage8.3%2.Return on assets6.5%3.Return on salesReturn on common stockholders' equity(no preferred stock was outstanding)Accounts receivable turnover.13.9%8.004.5.Average collection period.Inventory turnover.Times-interest-earned ratio45.6 day6.3.617.5.258.1.339.Operating-cash-flow-to-capital-expenditures ratio .Comment on the changes between the two years.

Required:Compute the following ratios:Gross profit percentage, return on assets, return on sales,…

are considered very good.) onsidered good for manu- alysis. Changes in Various Ratios Presented below is selected information for Turner Company: P14-5A. Sales revenue.. Cost of goods sold Interest expense. Income tax expense 2019 2018 $950,000 575,000 20,000 $850,000 545,000 20,000 30,000 Net income.. Cash flow from operating activities. Capital expenditures.. Accounts receivable (net), December 31 Inventory, December 31 Stockholders' equity, December 31 Total assets, December 31.. 27,000 .... 65,000 70,000 45,000 55,000 60,000 45,000 126,000 196,000 450,000 750,000 120,000 160,000 400,000 675,000 Required Calculate the following ratios for 2019. The 2018 results are given for comparative purposes. a.

are considered very good.) onsidered good for manu- alysis. Changes in Various Ratios Presented below is selected information for Turner Company: P14-5A. Sales revenue.. Cost of goods sold Interest expense. Income tax expense 2019 2018 $950,000 575,000 20,000 $850,000 545,000 20,000 30,000 Net income.. Cash flow from operating activities. Capital expenditures.. Accounts receivable (net), December 31 Inventory, December 31 Stockholders' equity, December 31 Total assets, December 31.. 27,000 .... 65,000 70,000 45,000 55,000 60,000 45,000 126,000 196,000 450,000 750,000 120,000 160,000 400,000 675,000 Required Calculate the following ratios for 2019. The 2018 results are given for comparative purposes. a.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 1.4.2MBA: Return on assets The following data (in millions) were adapted from recent financial statements of...

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