SalesCost of goods soldNet incomeCash flow from operationsCashMarketable securitiesAccounts receivableInventoriesTotal current assetsAccounts payableAccrued liabilitiesTotal current liabilities275,161253, 201(159,054)(59,225)341,580342, 25821,4956,525711,85829, 30844,80674,114a. Calculate the current and quick ratio at the end of each year.Note: Round your answers to 1 decimal place.b. Assuming a 365-day year for all calculations, compute the following:1. The collection period each year based on sales.a. Current ratioa. Quick ratiob1. Collection periodb2. Inventory turnover (X)b2. Payables period (days)b3. Days' sales in cashb4. Gross marginb4. Profit margin462,913345, 284(403,909)(20,933)269,37237,30035,79872,506414,97623,158125, 251148,4092. The inventory turnover and the payables period each year based on cost of goods sold.3. The days' sales in cash each year.4. The gross margin and profit margin each year.Note: Round your answers to 1 decimal place. Negative answers should be indicated by parentheses.Year 1%%Year 2%%

Name: SalesCost of goods soldNet incomeCash flow from operationsCashMarketa
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Description: SalesCost of goods soldNet incomeCash flow from operationsCashMarketable securitiesAccounts receivableInventoriesTotal current assetsAccounts payableAccrued liabilitiesTotal current liabilities275,161253, 201(159,054)(59,225)341,580342, 25821,4956,5

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Business

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Cost of goods sold Net income Cash flow from operations Cash Marketable securities Accounts receivable Inventories Total current assets Accounts payable Accrued liabilities Total current liabilities 253,201 (159,054) (59,225) 341,580 342,258 21,495 6,525 711,858 29,308 44,806 74,114 345,284 (403,909) (20,933) 269,372 37,300 35,798 72,506 414,976 23,158 125, 251 148,409 a. Calculate the current and quick ratio at the end of each year. Note: Round your answers to 1 decimal place. b. Assuming a 365-day year for all calculations, compute the following:

Cost of goods sold Net income Cash flow from operations Cash Marketable securities Accounts receivable Inventories Total current assets Accounts payable Accrued liabilities Total current liabilities 253,201 (159,054) (59,225) 341,580 342,258 21,495 6,525 711,858 29,308 44,806 74,114 345,284 (403,909) (20,933) 269,372 37,300 35,798 72,506 414,976 23,158 125, 251 148,409 a. Calculate the current and quick ratio at the end of each year. Note: Round your answers to 1 decimal place. b. Assuming a 365-day year for all calculations, compute the following:

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 48CE

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