Jinchuriki Inc.'s Financial Statement for years 2014-2015. Compute of the Average Collection Period. * INCOME STATEMENTS BALANCE SHEETS 2015 JAssets $ 5,000 Cash 3,800 ST Investments 200 Accounts receivable 500 Inventories 2014 2014 2015 60 $ 4,760 3,560 170 Net sales 50 COGS (excl. depr.) Depreciation Other operating expenses EBIT 40 380 500 480 1,000 $ 1,550 2,000 S 3,550 820 $ 550 $ 1,300 1,700 S 3,000 500 Total CA Interest expense Pre-tax earnings 100 120 Net PP&E 450 380 Total assets Taxes (40%) NI before pref. div. 180 152 228 Liabilities and equity 8 Accounts payable S 220 Accruals 270 200 300 Preferred div. 190 Net income $ 262 280 Notes payable Total CL $50 Long-term bonds Total liabilities 40% Preferred stock Common stock $4.40 Retained earnings Total common equity Total liabs. & equity 130 600 1,000 $ 1,600 280 Other Data 780 Common dividends $48 1,200 $ 1,980 Addition to RE $214 $170 Tax rate 40% 100 100 Shares of common stock 50 50 500 500 Earnings per share Dividends per share Price per share $5.24 S0.96 800 $ 1,300 $ 3,000 970 $ 1,470 $ 3,550 $1.00 $40.00 S27.00 Compute for the Average Collection Period, use 360 days Final answers should be in 2 decimal places For example: if your answer is 1.5432 final answer is 1.54 days, if your answer is 1.5632 final answer is 1.57 days %24 %24 %24
Jinchuriki Inc.'s Financial Statement for years 2014-2015. Compute of the Average Collection Period. * INCOME STATEMENTS BALANCE SHEETS 2015 JAssets $ 5,000 Cash 3,800 ST Investments 200 Accounts receivable 500 Inventories 2014 2014 2015 60 $ 4,760 3,560 170 Net sales 50 COGS (excl. depr.) Depreciation Other operating expenses EBIT 40 380 500 480 1,000 $ 1,550 2,000 S 3,550 820 $ 550 $ 1,300 1,700 S 3,000 500 Total CA Interest expense Pre-tax earnings 100 120 Net PP&E 450 380 Total assets Taxes (40%) NI before pref. div. 180 152 228 Liabilities and equity 8 Accounts payable S 220 Accruals 270 200 300 Preferred div. 190 Net income $ 262 280 Notes payable Total CL $50 Long-term bonds Total liabilities 40% Preferred stock Common stock $4.40 Retained earnings Total common equity Total liabs. & equity 130 600 1,000 $ 1,600 280 Other Data 780 Common dividends $48 1,200 $ 1,980 Addition to RE $214 $170 Tax rate 40% 100 100 Shares of common stock 50 50 500 500 Earnings per share Dividends per share Price per share $5.24 S0.96 800 $ 1,300 $ 3,000 970 $ 1,470 $ 3,550 $1.00 $40.00 S27.00 Compute for the Average Collection Period, use 360 days Final answers should be in 2 decimal places For example: if your answer is 1.5432 final answer is 1.54 days, if your answer is 1.5632 final answer is 1.57 days %24 %24 %24
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter17: Financial Statement Analysis
Section: Chapter Questions
Problem 1FSA: Financial statement analysis The financial statements for Nike, Inc., are presented in Appendix D at...
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Transcribed Image Text:Jinchuriki Inc.'s Financial Statement for
years 2014-2015. Compute of the Average
Collection Period. *
INCOME STATEMENTS
BALANCE SHEETS
2015 Assets
$ 5,000 Cash
3,800 ST Investments
200 Accounts receivable
500 Inventories
500
2014
60
2015
50
2014
$ 4,760
3,560
170
Net sales
COGS (excl. depr.)
Depreciation
Other operating expenses
EBIT
Interest expense
Pre-tax earnings
40
380
500
820
480
550
$ 1,300
1,700
$ 3,000
1,000
$ 1,550
2,000
$ 3,550
Total CA
100
120
Net PP&E
450
380
Total assets
152
Taxes (40%)
NI before pref. div.
180
228 Liabilities and equity
8 Accounts payable
220 Accruals
270
Preferred div.
8
190
200
Net income
262
280
300
130
280
780
Notes payable
Other Data
Total CL
600
$50 Long-term bonds
$170
Common dividends
$48
1,000
$ 1,600
1,200
$ 1,980
Addition to RE
$214
Total liabilities
Tax rate
40%
40%
50
Preferred stock
100
100
Shares of common stock
50
Common stock
500
500
$5.24
S0.96
Retained earnings
Total common equity
Total liabs. & equity
800
Earnings per share
Dividends per share
Price per share
$4.40
970
$ 1,300
S 3,000
$ 1,470
$ 3,550
$1.00
$40.00
$27.00
Compute for the Average Collection Period, use 360 days
Final answers should be in 2 decimal places
For example: if your answer is 1.5432 final answer is 1.54 days, if your answer is 1.5632 final answer is
1.57 days
%24
%24
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