Income Statement Net sales Cost of goods sold Gross profit Operating expenses Interest Income before taxes Income taxes Net income Balance Sheet Required Cash Surplus Cash Cash Accounts receivable Inventories Total current assets Gross fixed assets Less accumulated depreciation Net fixed assets Total assets Accounts payable Bank loan Accrued liabilities Total current liabilities Long-term debt EFN Common stock Retained earnings Total liabilities and equity 2019 4,125.00 2,681.25 1,443.75 737.00 33.00 673.75 202.13 471.63 2019 206.3 10.4 217 550 1,595 2,362 2,800 -1,250 1,550 3,912 2019 330 150 110 590 150 0 850 2,322 3,912

Income Statement Net sales Cost of goods sold Gross profit Operating expenses Interest Income before taxes Income taxes Net income Balance Sheet Required Cash Surplus Cash Cash Accounts receivable Inventories Total current assets Gross fixed assets Less accumulated depreciation Net fixed assets Total assets Accounts payable Bank loan Accrued liabilities Total current liabilities Long-term debt EFN Common stock Retained earnings Total liabilities and equity 2019 4,125.00 2,681.25 1,443.75 737.00 33.00 673.75 202.13 471.63 2019 206.3 10.4 217 550 1,595 2,362 2,800 -1,250 1,550 3,912 2019 330 150 110 590 150 0 850 2,322 3,912

Name: Using 2019 values and not averages, answer the following:a) What is th
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Description: Using 2019 values and not averages, answer the following:a) What is the inventory to sale conversion period?b) What is the sale to cash conversion period? Income StatementNet salesCost of goods soldGross profitOperating expensesInterestIncome before

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 13MCQ

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