Current asset information for Hundred Dollar Tree is presented below. Cash and cash equivalents $ 1,246,743 Marketable securities 324,166 Accounts receivable (net) Inventories Prepaid expenses Other current assets Total current assets 516,357 852,443 110,339 1.634.423 $4,684,471 Hundered Dollar Tree has a current ratio of 1.8. What is Hundred Dollar Tree's quick ratio? A) 0.69 B) 0.80 C) 0.78 D) 0.89
Q: Calculate the quick assets (in $) and acid test ratio for the given company. Round ratios to the…
A: Given information: Current assets amounted to $451,000 Current liabilities $131,000 Cash is $37,350…
Q: Selected financial data regarc provided: ($ in millions) Current assets: Cash and cash equivalent…
A: Solution: Current Ratio Current Assets 1087 = 0.42 Current Liabilities 2618…
Q: Directions: Use the following ratio to complete Gerlie's Bread Pastries Statement of Financial…
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: Given the following information, compute the current and quick ratios: Cash $ 90,000 Accounts…
A: The Current ratio refers to the liquidity ratio which measures the ability of the company to pay off…
Q: Condensed financial data are presented below for the Phoenix Corporation: 20X2 20X1 Accounts…
A: Current ratio is computed by dividing current assets by current liabilities. Current ratio is used…
Q: Calculating ROA Using the Dupont Financial System. The following Accounts are included in Marks…
A:
Q: Given the following information, compute the current and quick ratios: Cash $ 90,000 Accounts…
A: Liquidity ratios: Liquidity means that the ability of the business to pay its short term liabilities…
Q: Other Data Average net accounts receivable $7,900 $4,200 Average inventory 7,200 33,700 Net cash…
A: The details of two companies are given. Required 7. Asset Turnover Ratio 8. Return on Assets…
Q: Given the following information, compute the current and quick ratios. Cash: $100,000 Accounts…
A: Current ratio = Current Assets/Current Liabilities Quick Ratio =[Current Assets - Inventory]/…
Q: Given the following information, compute the current ratio Cash $ 120,000 Accounts receivable…
A: Current Ratio - Current Ratio indicates organization liquidity to repay its short-term obligation.…
Q: Presented below are summary financial data from Pompeo's annual report: Amounts in millions Balance…
A: Quick ratio = Quick assets / Current liabilities where, Quick assets = Total current assets -…
Q: Condensed financial data are presented below for the Phoenix Corporation: 20X2 20X1 Accounts…
A: Return on asset: It refers to a financial ratio that is used for determining the profitability of a…
Q: The following items are reported on a company’s balance sheet:Cash…
A: (a) The current ratio.
Q: Given the following information, compute the current and quick ratios: Cash $ 120,000 Accounts…
A: current ratio = current assets/ current liabilities = (cash +accounts receivable…
Q: Condensed financial data are presented below for the Phoenix Corporation: 20X2 20X1 Accounts…
A:
Q: Using the information below, calculate the value of (1) Profitability, (2) Asset Turnover, and (3)…
A: Profitability ratio represent the net profit margin. it can be calculated Profitability =net…
Q: compute the current and quick ratios
A: Liquidity ratio is the ability of the business to pay the amount due as and when they occurs. These…
Q: What is average payment period using balance sheet below? BALANCE SHEET INCOME STATEMENT ($ in…
A: Average payment period is ratio of Average account payable and daily credit purchase.
Q: Balance sheet Assets (in KD) Liabilities (in KD) Cash 263854 Accounts payable 80000 Accounts…
A: Solution:- Quick ratio measures the ability of the company that how efficiently the company can pay…
Q: Other Data Average net accounts receivable $7,900 $4,200 Average inventory 7,200 33,700 Net cash…
A: Formulae:
Q: Balance sheet Assets (in KD) Liabilities (in KD) Cash 53627 Accounts payable 80000 Accounts…
A: Solution:- Current ratio measures the liquidity of the company ie. the ratio of current assets to…
Q: Zoogle has the following selected data ($ in millions):Net sales…
A: Return on Assets = Net Income / Average assets Average assets = (Beginning Assets + Ending Assets)…
Q: Based on the following data, what is the current ratio, rounded to one decimal point? Accounts…
A: Determine current assets.
Q: given the following information, compute the current and quick ratios cash $ 100,000 accounts…
A: Current Ratio = Current Asset / Current Liabilities = CA / CLElements of current assets are:cash, C…
Q: LoLo Lemon Company has current assets Calculating the Current Ratio and the ear equal to $500,000.…
A: Introduction: Current ratio : Division of current liabilities with current Assets derives the…
Q: Calculate the current ratio and the quick ratio for the following partial financial statement for…
A: Formula's: Current Ratio = Current Assets / Current liabilities Quick Ratio = Quick Assets / Current…
Q: FMT Co has current assets that consist of cash: $20,000, receivables: $70,000 and inventory:…
A: The ratio article examines line-item data from the company's financial records to determine…
Q: Based on the following data, what is the current ratio, rounded to one decimal point? Based on the…
A: This numerical has covered the concept of Ratio Analysis Current Assets are those assets which can…
Q: Selected financial data regarding current assets and current liabilities for ACME Corporation and…
A: Current ratio is a liquidity ratio which measures company ability to pay current liabilities. It is…
Q: Crafter Company has the following assets and liabilities: Assets Cash $24,971 Accounts…
A: Quick ratio is also known as acid-test ratio. It aims to determine company’s liquidity position.
Q: From the following information, calculate current ratio. Trade receivables (debtors) 1, 00,000…
A: We have the following information: Trade receivables (debtors) 1,00,000 Bills payable 20,000…
Q: Amounts in millions Balance Sheet Cash and Cash Equivalents $1,850 Marketable Securities 19,100…
A: Current Ratio is a measure of liquidity of the firm and whether it can meet its short term…
Q: Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts…
A: Quick ratio is defined as the companies ability to meet its short term obligations which is most…
Q: long-term debt to tangible assets for 20X2 is:
A: Meaning of Consolidated Financial Statements The main purpose of Consolidated Financial Statements…
Q: Take a look at this balance sheet and income statement: Balance Sheet (all numbers are in $…
A: Ratios are calculated for measuring the performance of the firm. These are considered as benchmark…
Q: What is the financial performance summary for this balance sheet? BALANCE SHEET INCOME STATEMENT…
A: A) ACTIVITY RATIOS (Note : All figs are $ in millions) a) Inventory turnover Cost Of Goods Sold =…
Q: Ratio Analysis Presented below are summary financial data from Pompeo’s annual report: Amounts…
A: In the context of the given question, we are required to compute the Times-interest earned ratio,…
Q: Using the balance sheet and income statement, complete the ratios on the tab labeled "Ratios" 3.…
A: Note: Since you have asked multiple questions, we will solve the first two questions for you. If you…
Q: A company has $1,343 in inventory, $4,782 in net fixed assets, $634 in accounts receivable, $278 in…
A: Given: Inventory = $ 1343 Account receivable = $634 Cash = $278 Fixed asset = $4782
Q: The following data apply to the next six problems. Consider Fisher & Company's financial data as…
A: Long term debt : a. if the time period is more than 1 year b. it comes under non current liabilities…
Q: CDE Co. has the following assets: Cash = P64,800, Accounts Receivable = P684,800, Inventory =…
A: Assets are the revenue-generating property of the business. Current assets are the assets that can…
Q: Ratio Analysis Presented below are summary financial data from Pompeo's annual report: Amounts in…
A: Times interest earned or interest coverage ratio is a measure of a company's ability to honor its…
Q: Given the following information, compute the current and quick ratios: Category Amount…
A: Ratio analysis, horizontal analysis and vertical analysis are the analytical tools used by the…
Q: Calculate the quick assets (in $) and acid test ratio for the given company. Round ratios to the…
A: Quick assets includes such current assets that can immediately be converted into cash. It assess…
Q: Construct the current assets section of the balance sheet from the following data.
A: Balance sheet is a financial statement that are prepared at the end of the accounting period to…
Step by step
Solved in 3 steps
- Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Ratio of fixed assets to long-term liabilitiesStatement of Cash Flows The following are Mueller Companys cash flow activities: a. Net income, 68,000 b. Increase in accounts receivable, 4,400 c. Receipt from sale of common stock, 12,300 d. Depreciation expense, 11,300 e. Dividends paid, 24,500 f. Payment for purchase of building, 65,000 g. Bond discount amortization, 2,700 h. Receipt from sale of long-term investments at cost, 10,600 i. Payment for purchase of equipment, 8,000 j. Receipt from sale of preferred stock, 20,000 k. Increase in income taxes payable, 3,500 l. Payment for purchase of land, 9,700 m. Decrease in accounts payable, 2,900 n. Increase in inventories, 10,300 o. Beginning cash balance, 18,000 Required: Prepare Mueller Company's statement of cash flows.The comparative balance sheet of Merrick Equipment Co. for Dec. 31, 20Y9 and 20Y8, is:Dec. 31, 20Y9 Dec. 31, 20Y8AssetsCash $70,720 $47,940Accounts receivable (net) 207,230 188,190Inventories 298,520 289,850Investments 0 102,000Land 295,800 0Equipment 438,600 358,020Accumulated depreciation—equipment (99,110) (84,320)Total assets $1,211,760 $901,680Liabilities and Stockholders' EquityAccounts payable (merchandise creditors) $205,700 $194,140Accrued expenses payable (operating expenses) 30,600 26,860Dividends payable 25,500 20,400Common stock, $1 par 202,000 102,000Paid-in capital: Excess of issue price over par—common stock 354,000 204,000Retained earnings 393,960 354,280Total liabilities and stockholders' equity $1,211,760 $901,680The income statement for the year ended December 31, 20Y9, is as follows:Sales $2,023,898Cost of goods sold 1,245,476Gross profit $778,422Operating expenses:Depreciation expense $14,790Other operating expenses 517,299Total operating expenses 532,089Operating…
- Using the data given below, compute for the total amount of items that meet the definition of financial asset Cash P 100,000 Fair value through profit or loss securities 500,000 Investment in associate 2,000,000 Trade receivable 1,000,000 Inventories 800,000 Prepaid insurance 50,000 Interest rate swap receivable 200,000 Investment in debt securities – FVTOCI 400,000 Investment in debt securities – AC 350,000 Land 2,000,000 Buildings 3,000,000 Machinery and equipment 1,500,000 Patents 250,000Please calculate the verticle and horizontal analysis of the balance sheet. Consolidated Balance Sheets (USD $) 12/31/2020 Vertical Analysis 12/31/2019 Vertical Analysis Horizontal Analysis In Millions, unless otherwise specified Current Assets: Cash and Cash Equivalents $1,723 $1,929 Receivables, net 1,484 1,398 Merchandise Inventories 11,079 11,057 Other Current Assets 1,016 895 Total Current Assets 15,302 15,279 Property and Equipment, at cost 38,513 39,064 Less Accumulated Depreciation and Amortization 15,793 15,716 Net Property and Equipment 22,720 23,348 Goodwill 1,353 1,289 Other Assets 571 602 Total Assets 39,946 40,518 Current Liabilities: Short-Term Debt 290 0 Accounts Payable 5,807 5,797 Accrued Salaries and Related Expenses 1,391 1,428 Sales Taxes Payable 434 396 Deferred Revenue 1,468…Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: ACME Corporation Wayne EnterprisesCurrent assets:Cash and cash equivalents $ 2,494 $ 541Current investments 125Net receivables 1,395 217Inventory 10,710 8,600Other current assets 773 301Total current assets $15,372 $9,784Current liabilitiesCurrent debt $ 1,321 $ 47Accounts payable 8,871 5,327Other current liabilities 1,270 2,334Total current…
- The following selected information is shown in the financial statements of CCC Company: Cash and cash equivalents205,000 Prepaid expense100,000 Inventories150,000 Trade and other receivables180,000 Total Non-Current Assets1,800,000 Total Liabilities1,500,000 Shareholders` Equity1,000,000 Net Sales1,300,000 In the common size statement of financial position, prepaid expense will have a proportional percentage of? The Gross Profit of BBB Company for the year ended December 31, 2016 id 65% with an absolute value of 850,000. The operating expenses has a proportional percentage of 20%. How much is the absolute peso amount of the operating expenses?The condensed financial statements of Carla Vista Co. for the years 2021 and 2022 are presented below. CARLA VISTA CO.Balance SheetsDecember 31 (in thousands)20222021Current assets Cash and cash equivalents$330$360 Accounts receivable (net)590520 Inventory640570 Prepaid expenses130160 Total current assets1,6901,610Property, plant, and equipment (net)410380Investments130130Intangibles and other assets530510 Total assets$2,760$2,630Current liabilities$940$910Long-term liabilities660560Stockholders’ equity—common1,1601,160 Total liabilities and stockholders’ equity$2,760$2,630 CARLA VISTA CO.Income StatementsFor the Year Ended December 31 (in thousands)20222021Sales revenue$3,980$3,640Costs and expenses Cost of goods sold1,0901,010 Selling & administrative expenses2,4002,330 Interest expense1020 Total costs and expenses3,5003,360Income before income taxes480280Income tax expense192112Net income$ 288$ 168 Compute the following ratios for 2022 and 2021.…Calculate the following for Co. XYZ: c. Average collection period (365 days) d. Times interest earned Assets: Cash and marketable securities $400,000Accounts receivable 1,415,000Inventories 1,847,500Prepaid expenses 24,000Total current assets $3,686,500Fixed assets 2,800,000Less: accumulated depreciation 1,087,500Net fixed assets $1,712,500Total assets $5,399,000Liabilities: Accounts payable $600,000Notes payable 875,000Accrued taxes Total current liabilities $1,567,000Long-term debt 900,000Owner's equity Total liabilities and owner's equity Co. XYZ Income Statement: Net sales (all credit) $6,375,000Less: Cost of goods sold 4,375,000Selling and administrative expense 1,000,500Depreciation expense 135,000Interest expense Earnings before taxes $765,000Income taxes Net income Common stock dividends $230,000Change in retained earnings
- The following data apply to A.L Kaiser & Company ($ million) : Cash and Equivalents $ 100.00Fixed Assets $ 283.50Sales $1,000.00Net Income $ 50.00Quick Ratio $ 2.0xCurrent Ratio 3.0xDSO 40.0 DaysROE 12.0% Kaiser has no preferred stock - Only common equity, current liabilities, and long-term debt.a. Find Kaiser's (1) Account Receivable, (2) Current Liabilities, (3) Current Assets, (4) Total Assets, (5) ROA, (6) common equity, and (7) long-term debt b. In part (a), you should found Kaiser's accounts receivable (A/R) to be $111.1 million. If Kaiser could reduce its DSO from 40 days to 30 days while holding other things constant, how much cash would it generate? if this cash were used to buy back common stock (at book value) and thereby reduce the amount of common equity, how would this action affect the company's (1) ROE, (2) ROA, and (3) total deby/total assets ratio?UTV Corp. have the following account balances for the year ended December 31, 2020:DEBIT BALANCESAmountCash and cash equivalents400,000Accounts receivable900,000Raw materials560,000Goods in process600,000Finished goods1,400,000Financial assets at FVOCI2,500,000Sinking fund200,000Land1,000,000Building6,000,000Plant and equipment2,400,000Patent800,000Goodwill1,400,000Unrealized loss – FVOCI100,000Prepaid benefit cost20,000Treasury shares at cost250,000TOTAL18,530,000 CREDIT BALANCESAmountBank overdraft100,000Due from an officer50,000Allowance for bad debts40,000Accumulated depreciation – building1,600,000Accumulated depreciation – plant and equipment400,000Notes payable, due June 30, 20211,300,000Notes payable, due June 30, 20222,100,000Accounts payable1,000,000Provision180,000Warranty liabilities80,000Income tax payable120,000Finance lease liability180,000Deferred tax liability280,000Actuarial gain300,000Revaluation surplus360,000Share capital6,000,000Share premium2,000,000Retained…Consider the following financial information and answer the questionsthat follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000You are required to:iv) Calculate the cash flow from assets v) Calculate net capital spending vi) Calculate change in NWC PLEASE SHOW WORKING
